Fortinet Advances to #2 in Firewall, UTM and VPN Revenue According to Leading Analyst Firm

Company is #1 in Security Appliance Shipments for 6 Consecutive Years; Data Shows Strong Customer Demand for Fortinet’s Security Solutions Continues

SUNNYVALE, Calif. - Apr 2, 2019


John Maddison, executive vice president of products and solutions at Fortinet
“Organizations are adopting a holistic approach to security, that is broad, integrated, and automated.   As more enterprises customers consolidate towards a single vendor, Fortinet’s Security Fabric arms customers with a comprehensive solution that spans the entire attack surface from the core network to multi-clouds, and the edge, delivering the performance and threat intelligence required to ultimately protect against today’s evolving threat landscape.

News Summary:
Fortinet® (NASDAQ: FTNT), the global leader in high-performance cybersecurity solutions, today announced the results from International Data Corporation’s (IDC) latest Worldwide Quarterly Security Appliance Tracker. The 4Q18 and historical report data demonstrates Fortinet’s continued leadership in the security industry by consistently shipping the most security appliances than any other vendor and accelerating double-digit revenue growth.

  • The 4Q18 IDC tracker outlines that Fortinet realized 17.7% revenue growth in the total security appliance market year-over-year, out-pacing the industry average of 16.7%, and advancing from the third to second spot in revenue for the combined Firewall, UTM and VPN markets.
  • Fortinet also saw fourth quarter 2018 appliance shipments increase by 22.4% year-over-year, earning 23.5% unit market share for the total security appliance market in the quarter.

Fortinet Units Shipped vs. The Next Closest Competitor

2015

2016

2017

2018

Combined

181%

209%

183%

194%

192%

(Source: IDC Worldwide Security Appliance Tracker, 4Q18)

Fortinet Continues Growth with Proven Performance
The results demonstrate Fortinet’s ability to provide the most innovative, highest-performing security fabric to secure and simplify IT infrastructure. Fortinet is the only vendor capable of delivering an integrated Security Fabric that can protect against potential threats across the entire attack surface and deliver automated protection and visibility to every network segment, device, and appliance, whether virtual, in the cloud, or on-premises.

Additional Resources

About Fortinet

Fortinet (NASDAQ: FTNT) secures the largest enterprise, service provider, and government organizations around the world. Fortinet empowers its customers with intelligent, seamless protection across the expanding attack surface and the power to take on ever-increasing performance requirements of the borderless network - today and into the future. Only the Fortinet Security Fabric architecture can deliver security features without compromise to address the most critical security challenges, whether in networked, application, cloud or mobile environments. Fortinet ranks #1 in the most security appliances shipped worldwide and more than 385,000 customers trust Fortinet to protect their businesses. Learn more at https://www.fortinet.com, the Fortinet Blog, or FortiGuard Labs.

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