Asia-Pacific Network Security Market Q2 2017 Tracker

Transformation of Legacy Network Architecture Drives the Demand of Data Center Grade Firewall

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The Asia-Pacific network security market achieved an end-user revenue size of $836.2 million in Q2 2017, which grew at 14.8% YoY. It was better than that in the previous year which grew 11.9% in the same quarter. The transformation of legacy network architecture into Software-defined Networking (SDN) and the replacement trend of Multiprotocol Label Switching (MPLS) by SD-WAN continue to drive the demand of data center grade firewall.

In Q2 2017, the Service Provider, Government and BFSI verticals remained the top 3 spenders in the market with the combined contribution of more than 60% of the total revenue, attaining $204.4 million, $174.5 million, and $161.1 million, respectively. The BFSI and education verticals drove the overall spending sentiment and recorded for healthy double digit YoY growth at 22.3% and 17.3%, respectively. The large business segment grew by 12.6% YoY, while the small-and-medium business segment grew slightly stronger at 19.0% YoY. Large businesses continue to be the largest adoption of network security, attaining 65.0% market share at $543.8 million.

For competitive positioning, the top 4 market leaders’ positioning consists of Cisco Systems, Fortinet, Palo Alto Networks, and Check Point Software Technologies. In Q2 2017, Palo Alto Networks took over as the third leading network security vendor with the market share of 10.5%. Its market share was challenged aggressively by Check Point coming close at 10.4%.

Research Scope:
This tracker provides an analysis of the total network security market in the Asia-Pacific region for Q2 2017 (April to June) period. Market trends such as vendor performance, vertical market splits, and enterprise-size splits are analyzed in this study. The countries included in this study are Australia, New Zealand, Singapore, Malaysia, Indonesia, the Philippines, Thailand, Vietnam, China, Hong Kong, Taiwan, India, Japan, and South Korea.

Network security solution is the key focus area of this study. Vertical segmentation in this study includes the government; banking, financial services, and insurance (BFSI); service provider; healthcare; manufacturing; education; and other sectors. The customer segmentation includes large enterprises with more than 500 employees as well as small and medium-sized businesses with less than 500 employees.

Companies mentioned in this tracker include Check Point, Cisco, Fortinet, Palo Alto Networks, IBM Security, Pulse Secure, Sangfor, F5 Networks, Huawei, Venustech, Topsec, Juniper Networks, NSFOCUS, SonicWall, WatchGuard, and others.

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