Security Appliance Market Tops $6.1 Billion in a Single Quarter>
Campus Technology – David Nagel
According to market research firm IDC, the security appliance market saw a substantial increase year over year, with five manufacturers dominating in the fourth quarter of 2022.

Total revenues for security appliances worldwide came in slightly above $6.11 billion â a 4.7% increase from the same period the previous year. The top-5 manufacturers accounted for more than half of that, about $3.529 billion.

Palo Alto Networks topped the list, at $973.75 million, representing growth of 10.2% from the same period last year. Fortinet, which saw the greatest growth among the top 5, at 24.5% year over year, came in at $966.61 million. Cisco was third at $921.08 million, with 4% YoY growth. Check Point came in fourth, at $473.04 million with 2.3% growth. And SonicWALL rounded out the top 5 at $194.16 million, with 5.8% growth.

According to IDC, the Americas saw the strongest overall growth, at 10% year over year, with the United States leading the way.

Overall, unified threat management (UTM) and firewalls accounted for 77.3% of the security appliance market, with UTM seeing the strongest growth of any category, at 8.9%.
Link: https://campustechnology.com/articles/2023/03/14/security-appliance-market-tops-6.1-billion-in-a-single-quarter.aspx