Fortinet announced that it is among the top three vendors in worldwide market share for SD-WAN equipment by revenue in Gartner’s Q2 2019 report titled, “Market Share: Enterprise Network Equipment by Market Segment, Worldwide, 2Q19.”
According to Gartner, total worldwide SD-WAN equipment revenue in 2Q19 was $417M, up 30% quarter-over-quarter. In 2Q19, Fortinet’s SD-WAN revenue is reported to have grown 234% quarter-over-quarter to $46M. This represents the third highest revenue market share at 11.1%.
“Cybersecurity has become a top-of-mind strategic business issue for enterprises deploying WAN edge solutions,” says John Maddison, EVP of products and CMO at Fortinet. “We’re hearing from an increasing number of customers who are concerned about the security risks associated with SD-WAN exposing branch offices to the Internet. We believe our growing market share validates the need for Fortinet’s unique Security-Driven Networking approach, which tightly integrates security and SD-WAN functionality into a single offering. Fortinet is committed to SD-WAN innovation; just this year we released the industry’s first SoC4 ASIC specifically designed to increase SD-WAN performance and security. Fortinet’s Secure SD-WAN solution includes best-of-breed next-generation firewall security, SD-WAN, advanced routing, and WAN optimization capabilities as well as the ability to extend SD-WAN to the access layer via SD-Branch. Because we deliver our SD-WAN solution in-built into every FortiGate Next-Generation Firewall, customers benefit from some of the industry’s best threat protection and threat detection capabilities, fully integrated with one of the top SD-WAN solutions on the market.”
Fortinet solutions have consistently demonstrated high security effectiveness, advanced feature offerings, and superior performance when put to the test by third parties. Fortinet’s Secure SD-WAN solution has received two consecutive NSS Labs “Recommended” ratings and showcased the lowest TCO in the latest NSS Labs SD-WAN Group Test.
Fortinet received the February, 2018 Gartner Peer Insights Customers’ Choice recognition (Feb 2018) for Enterprise Network Firewall Management Software and has the most reviews of all vendors in the Gartner Peer Insights Enterprise Network Firewall Market as of September 30, 2019. Fortinet’s Secure SD-WAN solution, an integral part of FortiGate Network Firewalls, has also received the most reviews of all vendors in the Gartner Peer Insights WAN Edge Infrastructure Market as of September 30, 2019. Fortinet believes that this additional customer recognition further highlights Fortinet’s leadership in the SD-WAN market.
Fortinet developed the industry’s first SD-WAN ASIC, which allows them to deliver the fastest SD-WAN security performance in the industry. This includes acceleration for responsive overlay VPN and a better overall WAN user experience across the enterprise. Fortinet’s Secure SD-WAN solution interoperates as part of a comprehensive security architecture through the Fortinet Security Fabric, producing an integrated end-to-end security solution across the entire attack surface that leverages Security-Driven Networking. In addition, Fortinet offers a tightly integrated SD-Branch solution that brings together the branch LAN and WAN environments to ensure consistent security, single-pane-of-glass manageability and visibility, and better TCO.
