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Strong Fourth Quarter Results in the Americas Drove 4.7% Year-Over-Year Growth in the Worldwide Security Appliance Market, According to IDC Tracker

According to the International Data Corporation (IDC) Worldwide Quarterly Security Appliance Tracker, vendor revenue in the overall security appliance market grew 4.7% year over year in the fourth quarter of 2022 (4Q22) to $6.1 billion, representing a $274 million increase compared to the same quarter in 2021. In the same period, security appliance shipments grew by 21.7% year over year to more than 1.9 million units.

The growth of the security appliances market in 4Q22 was driven by the UTM market, which delivered year-over-year growth of 8.9%. The combined UTM and Firewall markets accounted for 77.3% of the total revenue reported in the last quarter of calendar year 2022.

"The hardware-based market is expected to continue playing a key role within holistic cybersecurity strategies, and as supply chain challenges are showing signs of improvement for the current year, we expect to observe positive growth in the security appliances market across the globe for the upcoming quarters," said Carlo Dávila, research manager, Enterprise Security and Network Trackers at IDC.

Regional Highlights

From a geographic perspective, the Americas region delivered strong growth of 10% year over year in 4Q22, led by the United States. The Europe, Middle East & Africa (EMEA) region also produced good results with a 4.8% growth rate, driven by Western Europe.

Top 5 Companies, Worldwide Security Appliance Vendor Revenue, Market Share and Growth, Fourth Quarter of 2022 (revenue in US$ millions)

 

Vendor

4Q22 Revenue

4Q22 Market Share

4Q21 Revenue

4Q21 Market Share

4Q22/4Q21 Growth

 

 

1. Palo Alto Networks

$973.75

15.9%

$883.35

15.1%

10.2%

3. Fortinet

$966.61

15.8%

$776.23

13.3%

24.5%

2. Cisco

$921.08

15.8%

$885.79

15.2%

4.0%

4. Check Point

$473.04

7.7%

$462.55

7.9%

2.3%

5. SonicWALL

$194.16

3.2%

$183.50

3.1%

5.8%

Rest of Market

$2,582.05

42.3%

$2,645.27

45.3%

-2.4%

Total

$6,110.69

100.0%

$5,836.70

100.0%

4.7%

Source: IDC Worldwide Quarterly Security Appliance Tracker Q4 2022, March 9, 2023

In addition to the table above, a graphic illustrating the worldwide market share of the top 5 security appliance companies over the previous five quarters is available by viewing this press release on IDC.com.

IDC's Worldwide Quarterly Security Appliance Tracker provides the total market size and vendor share, along with a five-year forecast, for the following technology categories (content management, IDP, traditional firewall, unified threat management, and VPN) and products (messaging security, WAM, web security, IDS, IPS, traditional firewall, unified threat management, hybrid VPN, IPsec VPN, and SSL VPN). Geographic coverage includes nine regions and 48 countries. Measurements for this tracker are in units, vendor revenue, and value.

About IDC Trackers

IDC Tracker products provide accurate and timely market size, vendor share, and forecasts for hundreds of technology markets from more than 100 countries around the globe. Using proprietary tools and research processes, IDC's Trackers are updated on a semiannual, quarterly, and monthly basis. Tracker results are delivered to clients in user-friendly Excel deliverables and on-line query tools.

Click here to learn about IDC's full suite of data products and how you can leverage them to grow your business.

About IDC

International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. With more than 1,300 analysts worldwide, IDC offers global, regional, and local expertise on technology, IT benchmarking and sourcing, and industry opportunities and trends in over 110 countries. IDC's analysis and insight helps IT professionals, business executives, and the investment community to make fact-based technology decisions and to achieve their key business objectives. Founded in 1964, IDC is a wholly owned subsidiary of International Data Group (IDG), the world's leading tech media, data, and marketing services company. To learn more about IDC, please visit www.idc.com. Follow IDC on Twitter at @IDC and LinkedIn. Subscribe to the IDC Blog for industry news and insights.

All product and company names may be trademarks or registered trademarks of their respective holders.

Vendor revenue in the worldwide security appliance market grew 4.7% year over year in Q4 2022 to $6.1 billion, according to the IDC Worldwide Quarterly Security Appliance Tracker.

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