[Press Release] Cloud-friendly network security solutions increase by 18% to $11 billion - According to Dell'Oro Group

According to the latest press release from Dell'Oro Group, a research firm specializing in the U.S. telecommunications equipment market, the network security market is expected to significantly recover in the fourth quarter of 2024, reporting a 9% growth year-on-year (quarter-on-quarter). Data Resources Inc. has started handling the latest report titled "Quarterly Report on Network Security" on March 12, 2025.
March 12, 2025 | Press Release (excerpt)
Cloud-friendly network security solutions increased by 18% to $11 billion, while hardware is expected to decrease by 2% in 2024. Companies should balance cloud-friendly solutions with traditional hardware.
The network security market is expected to significantly recover in the fourth quarter of 2024, with a 9% growth year-on-year. The market size for 2024 is projected to exceed $24 billion, with SaaS and virtual-based solutions achieving a solid 18% growth, offsetting a 2% decline in hardware revenue.
Full press release
https://www.dri.co.jp/auto/report/delloro/densq.html#press

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For details of the research report, please refer to the URL above.
Data resources are authorized distributors of the DellOro Group.