Cloud security market continues to grow

Written by Andrew Wooden for Telecoms.com

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Cloud security market continues to grow

Dell’Oro Group says the traditional approach of deploying hardware ‘just doesn’t cut it anymore’, as the market for virtual and SaaS network security clocks its twentieth consecutive quarter of growth.

According to a recently published report from Dell’Oro Group, the worldwide market for virtual and SaaS based network security solutions clocked 20% revenue growth in Q1, which we’re told was over twice as strong as traditional network security hardware appliances.

Cloud-centric, or virtual/SaaS-based network security products may take the form of firewalls, security service edge (SSE), secure web gateway (SWG), and web application firewalls (WAF), and Dell’Oro says enterprises are increasingly turning away from hardware in favour of them.

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