Cyberoam Recognized As A 'Visionary' In The 2013 Gartner Magic Quadrant
Bangalore: Cyberoam, a provider of network security appliances, announced it has been positioned by Gartner in the visionary quadrant of the 2013 "Magic Quadrant for Unified Threat Management" report. Global UTM vendors were positioned in the Magic Quadrant based on their ability to execute and completeness of vision.
“With high-speed Internet and fiber connectivity being within the reach of SMBs and with users bringing multiple devices having a variety of always-on apps, network security devices are under pressure to offer next-generation security features that match the new-age network risks and also increase their performance to stop becoming a security bottleneck in these networks. To this end, Cyberoam has evolved its network security solutions, offering future-ready security and ensuring that network security does not become a bottleneck for businesses. We believe Cyberoam’s rating as Visionary recognizes our customer commitment and capability to measure, analyze and respond to evolving customer needs and offer right solutions and features backed with committed technical support for organizations across 125+ countries”, says Hemal Patel, CEO, Cyberoam Technologies.
According to the Gartner report, "For 2012, worldwide revenue in the UTM market totaled approximately $1.53 billion, which represents an 18.7 pct growth over our estimate for 2011. Gartner believes that the UTM market will continue to grow faster than many other security markets, but we also see a number of trends applying downward pressure on market growth. Regardless, we forecast continued growth in the UTM market of approximately 15 pct compound annual growth rate through 2018."
Steady rise in the number of small businesses, first time UTM adoption by SMBs in emerging markets to secure business-critical broadband networks and SMBs particularly in North America and Western Europe migrating to latest UTM solutions from first-generation legacy UTM platforms to fulfill the need for faster network performance have been cited as key positive trends driving growth in the UTM market.
Also Read: 4 Disturbing And Avoidable Linux Distros
Also Read: 10 Companies Posing Great Threat To Cisco