{"id":5302,"date":"2024-09-13T12:54:43","date_gmt":"2024-09-13T17:54:43","guid":{"rendered":"https:\/\/www.darkreading.com\/cloud-security\/cloud-native-network-security-up-17-hardware-down-2-"},"modified":"2024-09-13T12:54:43","modified_gmt":"2024-09-13T17:54:43","slug":"cloud-native-network-security-up-17-hardware-down-2","status":"publish","type":"post","link":"https:\/\/ddi.mohflo.net\/index.php\/2024\/09\/13\/cloud-native-network-security-up-17-hardware-down-2\/","title":{"rendered":"Cloud-Native Network Security Up 17%, Hardware Down 2%"},"content":{"rendered":"
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PRESS RELEASE<\/span><\/span><\/p>\n

REDWOOD CITY, Calif., Sept. 11, 2024 \/PRNewswire\/ —<\/span><\/span> According to a recently published report from Dell’Oro Group, the trusted source for market information about the telecommunications, security, networks, and data center industries, the Network Security market showed signs of recovery in 2Q 2024, growing 6 percent year-over-year (Y\/Y) to reach $5.9 billion and breaking a streak of six consecutive quarters of deceleration. This growth was primarily driven by solid demand for cloud-native security solutions and virtual firewalls, which saw a 17 percent increase. In contrast, hardware-based solutions experienced their fourth consecutive quarter of decline, dropping 2 percent.<\/span><\/p>\n

“The Network Security market’s performance in 2Q 2024 reaffirms the enduring shift towards cloud-centric architectures,” said Mauricio Sanchez, Sr. Director, Enterprise Security and Networking at Dell’Oro Group. “The firewall segment serves as a microcosm of this transformation. While overall firewall revenue grew modestly at 2 percent, virtual firewalls surged by 22 percent as physical firewall sales struggled. This stark contrast in growth rates within a single product category underscores how enterprises consistently favor flexible, cloud-native security solutions to address their evolving needs.”<\/span><\/p>\n

Additional highlights from the 2Q 2024 Network Security Quarterly Report:<\/span><\/p>\n

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