Posted on Tuesday, July 15th, 2008 at 8:46 am
Security Market Growth Hides Spending Slowdown
IT Pro
IDC today said the security appliance market saw negative quarterly growth in the total revenue across Western Europe for the first in three years.
In spite of this, the analyst’s Western European Quarterly Security Appliance Tracker saw 2008’s first quarter (Q1) revenues reach $332.08 million (£169.4 million), which amounted to an 8.1 per cent increase over the same quarter a year ago.
Romain Fouchereau, IDC research analyst, put the negative growth into context: “Following the very strong results seen in Q407, the decrease in the security appliance market was seen across all five workloads of the security appliance tracker and reflects the weakness of the general economy rather than the decline of a particular segment.”
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