SUNNYVALE, CA -- (Marketwired) -- 07/26/13 --
Fortinet® (NASDAQ: FTNT) -- a world leader in high-performance network security -- today announced that Gartner, Inc., has positioned Fortinet in the Leaders quadrant of the 2013 Unified Threat Management Magic Quadrant(1) for the fifth consecutive year. The full report is available here: http://www.fortinet.com/resource_center/analyst_reports/gartner-mq-utm-2013.html
"Relentless innovation and uncompromised dedication to delivering the best software and hardware engineering are the reasons why Fortinet believes we continue to lead the UTM market," said Ken Xie, founder and CEO of Fortinet. "As network performance and security requirements have evolved, the FortiGate platform has kept pace with new features that provide the high speed protection networks need against targeted attacks and the latest advanced persistent threats. No other security platform offers the same high performance, strong security, integrated networking, industry certifications and ease of management that drive the industry and help keep business networks, applications and data safe."
UTM - Market Definition
Gartner defines the UTM market as multifunction network security products used by small or midsize businesses (SMBs). Typically, midsize businesses have 100 to 1,000 employees with revenue ranging from $50 million to $1 billion. UTM products for the SMB market must provide the following functions at a minimum: standard network stateful firewall functions, Remote access and site-to-site virtual private network (VPN) support, secure web gateway (SWG) functionality (anti-malware, URL and Application Control) and network intrusion prevention (IPS) focused on workstation protection.
Worldwide UTM Revenue
According to the report, for 2012, Gartner estimates that worldwide revenue in the UTM market totaled approximately $1.53 billion, which represents an 18.7% growth over the analyst's estimate for 2011(2). Gartner believes that the UTM market will continue to grow faster than many other security markets, but the analyst firm also sees a number of trends applying downward pressure on market growth. Regardless, Gartner forecasts continued growth in the UTM market of approximately 15% compound annual growth rate through 2018.
Fortinet - High Performance Network Security
The key to Fortinet's UTM leadership positioning and strength is the FortiGate high performance network security platform. Here, FortiGate appliances provide unmatched performance and protection while reducing total cost of ownership and simplifying management by enabling multiple security functions to be managed from a single pane of glass. FortiGate appliances leverage advanced software capabilities from its FortiOS 5 operating system, which gives administrators unparalleled visibility, security capability and end user control.