Network Security Market Grows 5.1% Year-Over-Year in Q4 2024, Omdia Reports
The network security market demonstrated growth of 5.1% year-over-year in Q4 2024 and 3.1% for the full year, according to Omdia's latest report. Palo Alto Networks maintained market leadership with a 28.4% share in 2024, followed by Fortinet, Cisco, and Check Point.
The market's growth is primarily driven by increasing SASE architecture adoption and software integrations. The top four vendors have maintained double-digit market share for five consecutive years, with Palo Alto's success attributed to its AI-driven product integration strategy.
Looking forward, Omdia projects a 2.8% CAGR for the total network security market from 2024 to 2029, with firewall growth at 5.0% CAGR. However, all four leading vendors have issued lower guidance for 2025, indicating potential market growth concerns amid enterprise cost-cutting and the transition to cloud and SASE solutions.
Il mercato della sicurezza informatica ha mostrato una crescita del 5,1% anno su anno nel Q4 2024 e del 3,1% per l'intero anno, secondo l'ultimo rapporto di Omdia. Palo Alto Networks ha mantenuto la leadership di mercato con una quota del 28,4% nel 2024, seguita da Fortinet, Cisco e Check Point.
La crescita del mercato è principalmente guidata dall'aumento dell'adozione dell'architettura SASE e delle integrazioni software. I primi quattro fornitori hanno mantenuto una quota di mercato a doppia cifra per cinque anni consecutivi, con il successo di Palo Alto attribuito alla sua strategia di integrazione dei prodotti basata sull'IA.
Guardando al futuro, Omdia prevede un CAGR del 2,8% per l'intero mercato della sicurezza informatica dal 2024 al 2029, con una crescita dei firewall al 5,0% CAGR. Tuttavia, tutti e quattro i principali fornitori hanno emesso previsioni più basse per il 2025, indicando potenziali preoccupazioni per la crescita del mercato in mezzo ai tagli ai costi delle imprese e alla transizione verso soluzioni cloud e SASE.
El mercado de seguridad de red mostró un crecimiento del 5,1% interanual en el Q4 de 2024 y del 3,1% en el año completo, según el último informe de Omdia. Palo Alto Networks mantuvo el liderazgo del mercado con una cuota del 28,4% en 2024, seguida de Fortinet, Cisco y Check Point.
El crecimiento del mercado está impulsado principalmente por la creciente adopción de la arquitectura SASE y las integraciones de software. Los cuatro principales proveedores han mantenido una cuota de mercado de dos dígitos durante cinco años consecutivos, con el éxito de Palo Alto atribuido a su estrategia de integración de productos impulsada por IA.
De cara al futuro, Omdia proyecta un CAGR del 2,8% para el mercado total de seguridad de red desde 2024 hasta 2029, con un crecimiento de firewalls del 5,0% CAGR. Sin embargo, los cuatro proveedores líderes han emitido pronósticos más bajos para 2025, lo que indica preocupaciones potenciales sobre el crecimiento del mercado en medio de recortes de costos empresariales y la transición a soluciones en la nube y SASE.
네트워크 보안 시장은 Omdia의 최신 보고서에 따르면 2024년 4분기 기준으로 전년 대비 5.1% 성장하였으며, 연간 3.1% 성장을 기록했습니다. 팔로알토 네트웍스는 2024년에 28.4%의 시장 점유율로 시장 리더십을 유지하였고, 그 뒤를 이어 포티넷, 시스코, 체크 포인트가 있습니다.
시장의 성장은 주로 SASE 아키텍처의 채택 증가와 소프트웨어 통합에 의해 주도되고 있습니다. 상위 4개 공급업체는 5년 연속으로 두 자릿수의 시장 점유율을 유지하고 있으며, 팔로알토의 성공은 AI 기반 제품 통합 전략에 기인합니다.
앞으로 Omdia는 2024년부터 2029년까지 전체 네트워크 보안 시장의 연평균 성장률(CAGR) 2.8%을 예상하고 있으며, 방화벽의 성장률은 5.0% CAGR입니다. 그러나 4개 주요 공급업체 모두 2025년을 위한 낮은 가이던스를 발표하여, 기업의 비용 절감과 클라우드 및 SASE 솔루션으로의 전환 속에서 시장 성장에 대한 우려를 나타내고 있습니다.
Le marché de la sécurité des réseaux a montré une croissance de 5,1% d'une année sur l'autre au T4 2024 et de 3,1% pour l'année entière, selon le dernier rapport d'Omdia. Palo Alto Networks a maintenu sa position de leader sur le marché avec une part de 28,4% en 2024, suivie par Fortinet, Cisco et Check Point.
La croissance du marché est principalement alimentée par l'adoption croissante de l'architecture SASE et des intégrations logicielles. Les quatre principaux fournisseurs ont maintenu une part de marché à deux chiffres pendant cinq années consécutives, le succès de Palo Alto étant attribué à sa stratégie d'intégration de produits basée sur l'IA.
En regardant vers l'avenir, Omdia prévoit un CAGR de 2,8% pour l'ensemble du marché de la sécurité des réseaux de 2024 à 2029, avec une croissance des pare-feu à 5,0% CAGR. Cependant, tous les quatre principaux fournisseurs ont émis des prévisions plus basses pour 2025, indiquant des préoccupations potentielles concernant la croissance du marché au milieu des réductions de coûts des entreprises et de la transition vers des solutions cloud et SASE.
Der Markt für Netzwerksicherheit zeigte im vierten Quartal 2024 ein Wachstum von 5,1% im Jahresvergleich und 3,1% für das gesamte Jahr, so der neueste Bericht von Omdia. Palo Alto Networks behielt 2024 mit einem Marktanteil von 28,4% die Marktführerschaft, gefolgt von Fortinet, Cisco und Check Point.
Das Wachstum des Marktes wird hauptsächlich durch die zunehmende Akzeptanz der SASE-Architektur und Softwareintegrationen vorangetrieben. Die vier größten Anbieter haben fünf Jahre in Folge einen zweistelligen Marktanteil gehalten, wobei der Erfolg von Palo Alto auf seine KI-gesteuerte Produktintegrationsstrategie zurückzuführen ist.
Für die Zukunft prognostiziert Omdia ein CAGR von 2,8% für den gesamten Markt für Netzwerksicherheit von 2024 bis 2029, wobei das Wachstum der Firewalls bei 5,0% CAGR liegt. Allerdings haben alle vier führenden Anbieter niedrigere Prognosen für 2025 abgegeben, was auf potenzielle Bedenken hinsichtlich des Marktwachstums im Zuge von Kostensenkungen in Unternehmen und dem Übergang zu Cloud- und SASE-Lösungen hinweist.
- Network security market grew 5.1% YoY in Q4 2024
- Market leader Palo Alto Networks holds 28.4% market share
- Firewall segment projected to grow at 5.0% CAGR through 2029
- Fortinet expects revenue boost from 25% FortiGate device refresh cycle
- Overall market growth slowed to 3.1% for full year 2024
- All top four vendors issued lower guidance for 2025
- Total market CAGR forecast only 2.8% from 2024-2029
- Traditional hardware firewall demand expected to decline
Market ranking of key vendors in the total network security market
Omdia’s report covers key segments of the network security market including integrated security appliances, secure routers, SSL VPN gateways, VPN and firewall software, and network based IDS/IPS.
“Palo Alto Networks, Fortinet, Cisco and Check Point continue to lead the network security market with each holding double digit share consecutively for the last five years,” said Ketaki Borade, Omdia Senior Analyst, Infrastructure Security. “The growing adoption of SASE architecture is the driving force behind network security growth accelerating software integrations. As the threat landscape evolves, next generation firewalls must integrate seamlessly with other security solutions. AI and machine learning (ML) will continue to play a critical role in enabling a more predictive and proactive security approach.”
Rik Turner, Omdia Senior Principal Analyst, Cybersecurity added: “The dominance of the top four firewall vendors is not only a clear sign that this is a mature market, but also an indication that, if they strategically position themselves well in the still early-stage SASE market, they have the potential to strengthen their grip on network security for years to come. Two of the four (Check Point and Cisco) have shifted away from internal cloud-native security (CNAPP) development, opting instead to OEM/white-label Wiz’s product. This highlights a deliberate choice of where to compete against market leader Palo Alto Networks. Their focus on SASE aligns with their firewall expertise and the rapid expansion of SaaS usage in enterprises.”
The chart illustrates the market ranking of key vendors for the total network security market for last five years. Palo Alto has retained the top position since 2021 due to its platformization strategy which emphasizes AI-driven product integration. Meanwhile, Cisco has climbed to third place while Fortinet’s targeted approach of secure networking, unified SASE and security operations has helped it to reach second place. With
Looking ahead, Omdia anticipates strong growth for firewall vendors due to upcoming refresh cycles over the next two years according to Borade. “However, all four top vendors have issued lower guidance for 2025 compared to last year, signaling market growth concerns.”
Several factors may be contributing to this cautious outlook including enterprise cost-cutting, prioritization of essential services and a shift to cloud and SASE solutions. This transition is likely to impact demand for traditional hardware firewalls while software firewalls and firewall-as-a-platform gain traction.
Overall, Omdia forecasts a
“While the market remains growth, increased product integration and SASE adoption will continue to shape its evolution,” concludes Borade.
ABOUT OMDIA
Omdia, part of Informa TechTarget, Inc. (Nasdaq: TTGT), is a technology research and advisory group. Our deep knowledge of tech markets combined with our actionable insights empower organizations to make smart growth decisions.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250326705945/en/
Fasiha Khan: fasiha.khan@omdia.com
Source: Omdia
FAQ
What is the projected growth rate for the network security market from 2024 to 2029?
Who are the top vendors in the network security market as of 2024?
What factors are driving growth in the network security market?
Why have top network security vendors issued lower guidance for 2025?
What is Fortinet's potential growth catalyst for the next two years?
