Palo Alto Networks Outperformed Average Global Security Appliance Sales Growth in Q2 2021 , bringing its market share to 18.9%. The UTM segment now represents 65% of the sector's revenues.
Palo Alto Networks remains in the leadin the ranking of security appliance manufacturers between the second quarters of 2020 and 2021. (Source: IDC)
Palo Alto Networks increasingly dominates the global market des security appliances . According to IDC, its sales represented $ 877.4 million in revenue in the second quarter of 2021, an increase of 15.5% year-over-year. The manufacturer has thus posted an 18.9% market share, 0.6 point more than the same period in 2020. It continues to outstrip Cisco, which had to be content with revenues up 5.4% to $ 749.8 million. In fact, the latter only accounts for 16.1% (-1.1%) of the total value of the security appliance market. Enough to reduce its lead over Fortinet, whose market share rose to 14.3% (+1.4 point), thanks to sales growth of 24.5%.
Palo Alto Networks and Fortinet haverecorded these good results in a global security appliance market whose value grew 12.2% overall in the second quarter. All brands combined, this equipment sold for $ 4.65 billion between April and June. Volumes swelled 15% to 1.3 million units. According to Carlo Davila, analyst at IDC, these good sales results "show the relevance of including security hardware in mixed strategies designed to protect hybrid ecosystems within different vertical industries. "
Only sales of firewalls decline
During the second quarter, the UTM segment saw its turnover increase by 17.1% and consequently represent 65% (+3.2 points) of the total revenues of the global security appliances market. At the same time, the content management, intrusion detection and prevention (IDP), and VPN segments haveall experienced single digit growth. Only downside: the firewalls market which contracted slightly.