On the day that IBM revealed that a billion individuals had their data leaked in 2014, a report said the security appliance market saw double digit shipment growth in the fourth quarter of last year.
IDC said that worldwide, both factory revenues and shipments grew with revenues growing 8.6 percent compared to the same quarter last year, amounting to $2.6 billion.
But shipments grew twice as fast as revenues at 16.7 percent, representing 635, 933 units.
IDC said that’s the fourth consecutive quarter of shipment growths. For the whole year, revenues and shipments grew 8.4 percent and 8.3 percent respectively, amounting to $9.4 billion and 2.1 million units.
All geographies showed growth, but in Europe security appliances represented 26.9 percent of worldwide revenues.
The leading beacon in the market is Cisco – it has a 16.6 percent share of worldwide revenue. Check Point checked in at number two, with 13.2 percent revenue share. It grew by 25.6 percent in the fourth quarter of 2014.
In third place was Fortinet, which is the largest appliance vendor in shipment terms.
Palo Alto Networks, Blue Coat and McAfee were the other contenders in the top five position, with the last two tying in worldwide revenues.
Two major security players – Intel McAfee and Symantec – have team up with other vendors and joined the Cyber Threat Alliance (CTA).
The CTA was originally formed by Fortinet and Palo Alto Networks in May this year. The aim of the alliance is to coordinate industry players to combat cyber hackers by collaborating on threats and sharing intelligence.
Information share will include info on zero day vulnerabilities, botnet command and control, mobile threats and shared malware samples.
The CTA has issued an open invitation to other organisations that share in its goals. It hopes that other major league security players will join them. It is offering membership not just to tech vendors, but to government agencies, non profit groups and corporations too.
Symantec VP Adam Bromwich said that because security breaches are bigger, cost more and happen more often, it’s teamed up to be a founding member of the CTA.
Vincent Weafer, a senior VP at Intel McAfee, said the industry need to cooperate and collaborate to prevent such threats. “This cyber alliance provides a critical framework for educating each otheron the infrastructure and evolving tactics behind these attacks, he said.