-- Increasingly sophisticated threats created new demand
for network firewall products incorporating new capabilities for a
stronger prevention approach
SINGAPORE, Jan. 23, 2015 /PRNewswire/ -- In recent years,
the security market has been affected by high profile breaches
fueled by advanced persistent threat attacks, with major
vulnerabilities discovered on legacy systems causing high concerns
to enterprises across the Asia
Pacific region. Network firewalls, which are considered to
be a critical component in cybersecurity perimeter defense, hence
faced challenges to improve its capabilities in addressing these
issues.
Photo - http://photos.prnewswire.com/prnh/20150123/170949
Frost & Sullivan has evaluated the top ten network firewall
vendors in the Asia Pacific region
and assessed them using the Frost Industry Quotient (Frost IQ)
matrix. The Frost IQ matrix comprises of four quadrants: champions,
challengers, defenders and explorers.
The Frost Industry Quotient - Frost IQ, is a proprietary Frost
& Sullivan vendor assessment tool that accurately
operationalises and captures the merits and challenges faced by
technology vendors in their respective segments and geographies.
The tool aims to provide key decision makers with a localised yet
objective perspective of the industry in a highly heterogeneous
business environment.
In the Frost IQ for Asia Pacific Network Firewall Vendors
2014, Cisco, Check Point, and Fortinet have been positioned in
the champions' quadrant, based on a combination of market share
performance and future growth strategies as determined by Frost
& Sullivan research studies.
A new paradigm shift in IT security is starting to emerge as
enterprises begin to accept the possibility that their
organizations may be breached, even after they have invested
significantly in security technologies to prevent such incidents
from happening. Charles Lim, Senior
Analyst, ICT, Frost & Sullivan Asia Pacific believes that
relying on prevention tools will be insufficient as part of the
overall security strategy.
"More enterprises are adopting a holistic approach which
encompasses detection and remediation capabilities as part of their
overall security strategy, where prevention tools are also required
to step up their capabilities," said Lim.
"The network firewall will be critical in addressing stronger
prevention tools such as incorporating sandboxing technologies, and
correlating threat intelligence with other security components in
the network ecosystem," he added.
Most network firewall vendors are working on technology
enhancements aligned with the current trends in cloud computing,
where form factors to address the adaptability of Software Defined
Networks (SDN) and mobility with incorporation of Mobile Device
Management (MDM) features into the product.
The Asia-Pacific network
firewall market is expected to grow at a CAGR of 8.4% over the
forecast period from 2013 to 2020, and is forecasted to reach a
total market size of US$3 billion in
2020.
Research from Frost & Sullivan revealed that network
firewall market share in the Asia
Pacific region was continued to be largely dominated by four
main players in terms of their market share performance; Cisco,
Check Point, Juniper and Fortinet. In total, the top four vendors
accounted for almost 64 per cent of the revenue generated in the
Asia Pacific segment.
From a future growth perspective, the Frost IQ also recognises
the efforts of Palo Alto Networks, Dell SonicWall and WatchGuard
Technologies in becoming strong contenders in the network firewall
market, be it with regards to the technological excellence they
have shown, or in the effective go-to-market strategies they
used.
China-based players continued
their strong presence in the network firewall market, especially in
the domestic China market.
Acquisitions of major network firewall companies to boost their
security abilities, such as the case of Venustech acquiring Leadsec
has propelled it to improve its firewall offerings and entered into
Frost IQ this year.
The Frost IQ report will also address evolving technology such
as Internet of Things (IoT), which is accelerating new demand for
network firewalls to look at securing critical infrastructure and
providing cybersecurity for operational systems, as well as network
firewall growth forecast from the present to CY 2020.
The Frost IQ (FIQ) for Frost & Sullivan Asia Pacific
Network Firewall Vendors 2014, covers firewall and/or
IPSec VPN on a single platform across different form factors in the
Asia Pacific region. The base year
of the study is CY2013. The parameters used to determine relative
positioning on the FIQ matrix include market share, product/service
strategy, people/skills strategy, ecosystem and business
strategy.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in
collaboration with clients to leverage visionary innovation that
addresses the global challenges and related growth opportunities
that will make or break today's market participants. For more than
50 years, we have been developing growth strategies for the global
1000, emerging businesses, the public sector and the investment
community. Is your organization prepared for the next profound wave
of industry convergence, disruptive technologies, increasing
competitive intensity, Mega Trends, breakthrough best practices,
changing customer dynamics and emerging economies? Contact us:
Start the discussion
Media Contact:
Melissa Tan
Corporate Communications, Asia
Pacific
P: +65 6890 0926
E: melissa.tan@frost.com
http://www.frost.com