A Dell’Oro Group report claims that the SASE market – consisting of SD-WAN and SSE (security service edge) solutions – bucked economic uncertainty with 38 per cent year-over-year revenue growth in 2Q 2023.
The report said that quarterly revenue broke through the $2 billion marker to set a new record. Quarterly revenue has doubled in just ten quarters as enterprises go all in to improve networking and security services in the mobile- and cloud-first era.
Dell’Oro Group’s latest five-year forecast (2021-2025) for the Network and Security and Data Center Appliance (NSDCA) market said that the industry is about to bounce back from the COVID-19 pandemic.
The outfit said that the worst of the market turbulence appears behind us. Increased vaccination rates–albeit not fast enough for some countries and regions–have led to an unwinding of lockdown mandates and boosted economic activity. In addition, economic stimuli from central governments have provided additional market tailwinds.
The Network Security and Data Centre Appliance market experienced robust growth as the COVID-19 pandemic continued to loosen its grip, but the ongoing semiconductor supply crunch has also ensnared the Network Security and Data Center Appliance market, according to a new report.
According to a recently published report from Dell’Oro while the worst of the pandemic appears behind us, the world is now tracking the effects of the chip crunch
Dell’Oro Network Security and Data Center Appliances Research Director Mauricio Sanchez said this quarter’s growth reflects increasing enterprise confidence and the need to invest in critical network-based security technologies.
“We estimate an impact of $300 million in 1Q 2021 caused by some product lead times tripling to eighteen weeks.”
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