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Cybersecurity For Public Cloud And As A Service Up 45% In Q1 2019

Posted by Canalys

“Investment in cybersecurity shows no sign of slowing down as it remains a priority for all organizations. The security industry will be immune to the increasingly challenging macro-economic and political environment,” said Canalys Principal Analyst Matthew Ball. “Recent high-prole ransomware attacks have resulted in organizations paying large sums to regain access to critical IT systems and data. Strengthening security strategies across devices, infrastructure, perimeters and applications will continue to be critical. Increasing employee training and gaining more comprehensive cybersecurity insurance will also be important to counter these threats.”

The top ve cybersecurity market leaders in Q1 2019 were Cisco, Palo Alto Networks, Symantec, Check Point and Fortinet, which collectively accounted for 34.0% of the total. Cisco extended its lead in network security, though Palo Alto Networks and Fortinet continued to grow faster as all three took share. McAfee, Symantec and Trend Micro remained the market leaders in endpoint security, but competition is increasing, with Crowdstrike, Carbon Black and
Cylance making most gains. Symantec was the leader in web and email security. In terms of the newer deployment models, Trend Micro stands out for simplifying its licensing to enable customers to buy across dierent types. “It will remain dicult for vendors to grow market share without signicant investment or acquisitions, due to
the current number of vendors active and increasing levels of competition,” said Canalys Research Analyst Claudio Stahnke. “As new threats appear, more startups will emerge, adding to an already crowded market. Dierentiation will be key, but also oering customers a choice of deployment and simplied licensing will be vital.”

“The challenge for organizations in both the public and private sectors is to maintain pace with the evolving and diverse range of threats,” added Stahnke. “Many will think they are too small or not high-prole enough to be targets, but hackers will seek to exploit any vulnerabilities. This is creating opportunities for channel partners to
expand their capabilities to provide more holistic cybersecurity oerings to assess, recommend, deploy, integrate and manage multi-vendor solutions and services incorporating multiple deployment models.” Overall, the channel represented 92.3% of shipment value in the rst quarter.―CT Bureau

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