Cloud-Native Network Security Up 17%, Hardware Down 2%
ID: 688a51a1-13cd-5ad6-bc80-2043f14b21a3
STIX ID: report--688a51a1-13cd-5ad6-bc80-2043f14b21a3
Feed Name: Dark Reading
Dell'Oro Group reports the Network Security market grew 6% year-over-year in 2Q 2024 to $5.9 billion, driven primarily by demand for cloud-native security and virtual firewalls, while hardware-based solutions declined. Key highlights include strong SSE and WAF growth (notably SaaS WAF), stabilization in high-end physical firewalls, and market concentration among leading SSE vendors.
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