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Healthy Growth of Next Generation Firewall Segment Continues to Drive Overall Network Security Market Growth
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The Asia-Pacific network security market recorded a YoY growth of 15.7% in Q3 2019, which was slightly slower as compared to Q3 2018 (at 17.3% YoY). In Q3 2019, China continued to experience strong YoY growth and lead the market in terms of market share. Both China and Japan remained key countries in terms of revenue contribution. Looking at the regional performance, Greater China and ANZ were the fastest growing regions in Q3 2019.In terms of vertical analysis, the government sector out performed the service provider sector as the largest revenue contributor in Q3 2019. With that, the top three revenue contributors were government, service provider, and BFSI sector, with a combined contribution of more than 60.0% of market share. The small and medium-sized business segment grew at a faster pace than large business segment with a YoY growth of 16.2%. Research Scope: This tracker provides an analysis of the total network security market in the Asia-Pacific region for Q3 2019 (July to September) 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.This study is segmented into 3 key focus areas which cover Firewall, Secure Sockets Layer Virtual Private Networking (SSL VPN), Intrusion Detection System (IDS), and Intrusion Prevention System (IPS). Vertical segmentation in this study includes the government, banking, financial services, and insurance (BFSI), service providers, healthcare, manufacturing, education, and other sectors. 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 Software Technologies, Cisco Systems, F5 Networks, Fortinet, H3C Technologies, Hillstone Networks, Huawei, Juniper Networks, McAfee, Neusoft, NSFOCUS, Palo Alto Networks, Pulse Secure, QiAnXin, Sangfor, SonicWall, Sophos, TopSec, Trend Micro, Venustech, WatchGuard Technologies, and other vendors.
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