Fortinet Ranked First in Worldwide UTM Revenue

Fortinet (FTNT) announced that new IDC research ranks FortiGate as number one in network security appliances. As reported on Market Watch, this ranking is due in part to continued adoption of Fortinet’s FortiGate network security appliances, as well as managed security service providers (MSSPs) and telecommunications carriers. IDC identifies the unified threat management market segment as the fastest growing in the network security market and Fortinet has ranked first in eighteen consecutive quarters.

“‘We continue to see large enterprises evolve their security infrastructures by deploying FortiGate multi-threat security appliances, thereby fueling increased enterprise UTM adoption,’ said Ken Xie, founder, president and CEO of Fortinet. ‘As evidenced by IDC’s latest numbers, Fortinet maintains its position by continuing to grow its customer base globally across all industry segments — from enterprise to MSSPs, teleco carriers to small and medium businesses.’
According to IDC, UTM security appliance products include multiple security features integrated into one device. To be included in this category, as opposed to other Threat Management appliance segments, UTM appliances must contain the ability to perform network firewalling, network intrusion detection and prevention, and gateway antivirus. All of the capabilities need not be utilized, but the functions must exist inherently in the appliance. In addition to the mandatory applications, UTM appliances may also host other security or networking features.”

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