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European businesses increase investment on security measures

Revenues from enterprise security products sold by Western European IT distributors in the first ten months of 2018 were +10.1% higher than over the same period last year, according to the latest data published by CONTEXT, the IT market intelligence company. The UK saw a 21.6% increase in revenue.

This growth was seen in revenues from hardware and software designed for large enterprise customers, products aimed at small and medium-sized businesses (SMBs) and others that may be used by either segment.

For this analysis, products are grouped under three broad headings: data protection and recovery (which includes standalone and cloud offerings); endpoint security; and enterprise network security, which primarily consists of hardware, but also includes related software products and expansion modules.

There was growth across all three areas, with the greatest increase, of +61.7% year-on-year, for data protection and recovery products due to its smaller base.

Growth had the biggest impact in end-point security products, which saw a year-on-year revenue growth of +11.3%, and there was revenue growth for many other products in this category, including security suites.

Mathias Knöfel, Enterprise Analyst at CONTEXT, said: “These generate the largest share of end-point security revenue and there has been growth across Western Europe for standalone and cloud offerings from companies such as Trend Micro, Symantec and Check Point, to name but a few. Other product segments in this area that saw growth included internet security, mobile security and control management.”

In enterprise network security, which saw revenues increase by +5.5%, there was growth for security appliances, such as Check Point’s 15600 Next Generation Threat Prevention, Cisco’s Firepower and Trend Micro Deep Discovery and TippingPoint products. Revenue from the software required for both standalone and cloud offerings in this area is becoming increasingly important. However, revenues from products such as firewall and gateway appliances declined over the year.

www.contextworld.com

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