Fortinet Advances to #2 in Firewall, UTM and VPN Revenue According to Leading Analyst Firm
“Organizations are adopting a holistic approach to security, that is broad, integrated, and automated. As more enterprises customers consolidate towards a single vendor, Fortinet’s Security Fabric arms customers with a comprehensive solution that spans the entire attack surface from the core network to multi-clouds, and the edge, delivering the performance and threat intelligence required to ultimately protect against today’s evolving threat landscape.
News Summary:
- The 4Q18 IDC tracker outlines that
Fortinet realized 17.7% revenue growth in the total security appliance market year-over-year, out-pacing the industry average of 16.7%, and advancing from the third to second spot in revenue for the combined Firewall, UTM and VPN markets. Fortinet also saw fourth quarter 2018 appliance shipments increase by 22.4% year-over-year, earning 23.5% unit market share for the total security appliance market in the quarter.
Fortinet Units Shipped vs. The Next Closest Competitor |
||||
2015 | 2016 | 2017 | 2018 | Combined |
181% | 209% | 183% | 194% | 192% |
(Source: IDC Worldwide Security Appliance Tracker, 4Q18)
Fortinet Continues Growth with Proven Performance
The results demonstrate Fortinet’s ability to provide the most innovative, highest-performing security fabric to secure and simplify IT infrastructure.
Additional Resources
- Read more about the Fortinet Security Fabric or the Third Generation of Cybersecurity.
- Learn about Fortinet’s Secure SD-WAN offerings and its FortiGate Next-Generation Firewalls.
- Learn more about
FortiGuard Labs and the FortiGuard Security Services portfolio. Sign up for the weekly FortiGuard Threat Intelligence Briefs. - Read more about our Network Security Expert program,
Network Security Academy program or our FortiVets program. - Follow
Fortinet on Twitter, LinkedIn,Facebook ,YouTube , and Instagram.
About
FTNT-O
Copyright © 2019 Fortinet, Inc. All rights reserved. The symbols ® and ™ denote respectively federally registered trademarks and common law trademarks of Fortinet, Inc., its subsidiaries and affiliates. Fortinet's trademarks include, but are not limited to, the following: Fortinet, FortiGate, FortiGuard, FortiCare, and FortiOS.
Other trademarks belong to their respective owners. Fortinet has not independently verified statements or certifications herein attributed to third parties and Fortinet does not independently endorse such statements. Notwithstanding anything to the contrary herein, nothing herein constitutes a warranty, guarantee, contract, binding specification or other binding commitment by Fortinet or any indication of intent related to a binding commitment, and performance and other specification information herein may be unique to certain environments. This news release may contain forward-looking statements that involve uncertainties and assumptions, such as statements regarding technology releases among others. Changes of circumstances, product release delays, or other risks as stated in our filings with the Securities and Exchange Commission, located at www.sec.gov, may cause results to differ materially from those expressed or implied in this press release. If the uncertainties materialize or the assumptions prove incorrect, results may differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. Fortinet assumes no obligation to update any forward-looking statements, and expressly disclaims any obligation to update these forward-looking statements.
Media Contact: | Investor Contact: | Analyst Contact: |
Stephanie Vanegas | Peter Salkowski | Ron Davis |
Fortinet, Inc. | Fortinet, Inc. | Fortinet, Inc. |
408-235-7700 | 408-331-4595 | 415-806-9892 |
pr@fortinet.com | psalkowski@fortinet.com | rdavis@fortinet.com |
Source: Fortinet, Inc.