Fortinet, a provider of unified threat management (UTM) solutions, announced that Frost & Sullivan has bestowed on the company the "2008 Global Market Leadership Award for UTM" for its growth, innovation and market strategy. The award is based on extensive research conducted by the global market research and consulting firm, which evaluated Fortinet against several UTM vendors, including Check Point, Cisco and Juniper.
This award supports data from other research firms that confirm Fortinet's UTM market leadership, and further validates the company's integrated network security approach as a preferred solution for enterprises and data centers worldwide.
The Frost & Sullivan Award for Market Leadership was given to Fortinet for exhibiting market share leadership through the implementation of its market strategy. As stated in the corresponding award report, "Fortinet has displayed excellence in all areas of the market leadership process, including the identification of market challenges, drivers and restraints, as well as strategy development and methods of addressing these market dynamics."
Leadership in a Booming Market
In addition to this prestigious award, Fortinet was called out as the market leader in Frost & Sullivan's "World Unified Threat Management" report, published last month, which provides an overview of key findings and market drivers for UTM. In the report the firm forecasted that the current $1.6 billion UTM market would increase at a compound annual growth rate (CAGR) of 23 percent to $6.9 billion in 2014.
In the report, Frost & Sullivan recommends UTM as a viable solution for enterprises and large-scale data centers, as the technology incorporates the same high-speed processing and throughput found in stand-alone enterprise-class appliances, yet also provides the ability to protect networks against blended threats - something that standalone solutions cannot do. The firm's survey of business managers and administrators showed that these users believe UTM appliances are especially viable for the enterprise due to their low latency and ability to meet high throughput requirements needed to support large businesses with 500 or more users and for large-scale data centers.
The FortiGate line of new generation secure gateways is a consolidated approach that integrates eight core security functions, including firewall, antivirus, intrusion prevention (IPS), VPN, spyware prevention, antispam, Web content filtering and traffic shaping. Customers can choose to purchase FortiGate appliances for some or all of these functionalities.