According to the International Data Corporation (IDC) Worldwide Quarterly Security Appliance Tracker, total market revenue in the security appliances market remained stable, posting a 1,5% growth in the fourth quarter of 2024 (4Q24) and reaching $5,1-billion – an increase of $77-million year-over-year.
Security appliance shipments totaled 1,2-million units, reflecting a 2,7% growth compared to the same period in 2023 (4Q24 versus 4Q23).
“Hardware-based security appliances remain a cornerstone of cybersecurity strategies, delivering dedicated, high-performance protection against evolving threats,” says Carlo Dávila, research manager: Enterprise Trackers at IDC. “As organisations embrace hybrid security models, hardware serves as the foundation, enhanced by subscription-based services and complemented by software and cloud-based solutions.
“This approach enables organisations to better protect their infrastructure and applications while adapting to emerging security challenges.
“With AI-driven capabilities increasingly integrated as subscriptions, hardware-based solutions continue to evolve, reinforcing their pivotal role in building resilient and adaptive cybersecurity frameworks.”
From a regional perspective, in the fourth quarter of 2024, EMEA experienced double-digit growth of 12,4%, driving the overall expansion of the global security appliances market and offsetting APAC’s decline of 4,4%. Within EMEA, Western Europe stood out with the most dynamic performance, posting a 15,4% growth compared to the same period in 2023 (4Q24 versus 4Q23).
Top 5 Companies, Worldwide Security Appliance Total Market Revenue, Market Share and Growth, Fourth Quarter of 2024 (revenue in US$ millions) | |||||||
Vendor | 4Q24 Revenue | 4Q24 Market Share | 4Q23 Revenue | 4Q23 Market Share | 4Q24/4Q23 Growth | ||
T1. Fortinet | $959.19 | 18.95% | $877.56 | 17.61% | 9.30% | ||
T1. Palo Alto Networks | $947.29 | 18.71% | $901.41 | 18.08% | 5.09% | ||
3. Cisco | $579.17 | 11.44% | $539.62 | 10.83% | 7.33% | ||
4. Check Point | $380.42 | 7.52% | $346.85 | 6.96% | 9.68% | ||
5. TopSec | $145.85 | 2.88% | $155.93 | 3.13% | -6.47% | ||
Rest of Market | $2,049.88 | 40.50% | $2,163.21 | 43.40% | -5.24% | ||
Total | $5,061.80 | 100.00% | $4,984.58 | 100.00% | 1.55% | ||
Source: IDC Worldwide Quarterly Security Appliance Tracker Q4 2024, March 6, 2024 |