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