NetScreen Leads in Security Appliance Market Share Growth, According to Market Research Report
06 January 2004 - 12:15AM
PR Newswire (US)
NetScreen Leads in Security Appliance Market Share Growth,
According to Market Research Report Report Also Ranks NetScreen as
Market Leader for Products Priced Under $1,000 SUNNYVALE, Calif.,
Jan. 5 /PRNewswire-FirstCall/ -- NetScreen Technologies, Inc. today
announced that an IDC report, entitled "Worldwide Quarterly
Security Appliance Server Tracker(1)," reveals that NetScreen was
the only security appliance vendor among the top 5 to grow
worldwide factory revenue market share year-over-year. NetScreen's
91 percent year-on-year increase in factory revenue resulted in a
market share gain of more than five percentage points between Q3
2002 and Q3 2003. Additionally, the report indicates that NetScreen
took the lead position in the security appliance market for
products priced under $1,000 by gaining 2.1 percentage points in
factory revenue market share between Q2 2003 and Q3 2003, while the
prior quarter's leader lost 4.8 percentage points. According to the
report, NetScreen also maintained its worldwide factory revenue
security appliance market share leadership positions in the $50,000
to $99,999 and over $100,000 price-banded product segments for the
third quarter of 2003. IDC's categorization of the security
appliance market includes firewall, virtual private network (VPN),
intrusion detection and other security categories. NetScreen
attributes its gains in the under $1,000 segment to the great value
offered by its purpose-built appliances for broad security
protection in enterprise remote and telecommuter environments, the
NetScreen-5GT, -5XT and -5XP, that integrate firewall, IPSec VPN,
traffic management, denial of service protection. "NetScreen's
success in the market demonstrates enterprise customers'
recognition of the value of NetScreen's easy-to-use, purpose-built
appliances that offer advanced security functionality as well as
operational and cost advantages for highly distributed
environments," said David Flynn, vice president of marketing at
NetScreen. "These results underscore that our products are meeting
real customer needs from the core of their networks to the
perimeter and remote sites." About NetScreen Technologies NetScreen
Technologies, Inc. is a leading developer of network security and
access solutions for enterprises and carriers worldwide.
NetScreen's solutions offer customers multiple layers of network
and application-level protection in purpose-built appliances and
systems that optimize performance and reduce total operating costs.
NetScreen is located at 805 11th Ave., Sunnyvale, CA, 94089. More
information on NetScreen's products can be found at
http://www.netscreen.com/ or by calling toll free at
1-800-638-8296. NOTE: NetScreen and the NetScreen logo are
trademarks of NetScreen Technologies, Inc. in the United States and
other countries. Other trademarks are the property of their
respective owners. This press release contains forward-looking
statements about events and circumstances that have not yet
occurred. For example, words such as "will," "expects," "can,"
"allowing," "believes," "continue" and "continuing," or other
statements in the future tense, are forward-looking statements.
Actual outcomes and results may differ materially from expectations
in this press release due to a number of risks and uncertainties.
Such risks and uncertainties include whether the market for
security products will grow as projected, if at all, whether demand
for NetScreen products will continue, whether new products, if and
when introduced, will be successful and whether products will
perform as expected. (1) Source: IDC's Worldwide Quarterly Security
Server Appliance Tracker, Q3 2003 DATASOURCE: NetScreen
Technologies, Inc. CONTACT: Jennifer Jennings, +1-408-543-8243, or
, or Heather C. Lowles, +1-408-543-4136, or , both of NetScreen
Technologies, Inc. Web site: http://www.netscreen.com/
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