RealTime IT News

Network Security Markets Hits $2.0 Billion in 3Q12

IDC reported its third quarter 2012 Worldwide Security Appliance Tracker results this week showing both revenue and unit shipment growth. Revenue during the third quarter hit $2.0 billion, which a is a 5.7 percent year-over-year gain. Some 499,022 units were shipped during the quarter for a 1 percent yearly gain.

Security appliance growth varied on a global basis. In the U.S., shipments declined by 1.2 percent, while revenue increased by 4.6 percent. In contrast, Japan had unit growth of 8.3 percent.

Looking inside the specific appliance segments, IDC reported that the Unified Threat Management (UTM) market experienced the most growth during the quarter. UTM appliances accounted for a third of all security appliance revenue during the quarter with year-over-year growth of 24.3 percent.

Read the full story at EnterpriseNetworkingPlanet:
Network Security Market on the Upswing

Sean Michael Kerner is a senior editor at InternetNews.com, the news service of the IT Business Edge Network, the network for technology professionals Follow him on Twitter @TechJournalist.