Gigamon Named Market Leader for the Fifth Consecutive Year in the 2018 IHS Markit Report
The increasing need for security and performance is driving demand for next generation network packet brokers that can handle 100G speeds
SANTA CLARA, Calif., July 2, 2018 /PRNewswire/ -- Gigamon, Inc. ("Gigamon"), the company leading the convergence of network and security operations to help organizations improve their security stance, today announced that the company strengthened its market leadership position based on success with Global 2000 companies and government agencies. According to the latest Network Monitoring Equipment1 report from business information provider IHS Markit, Gigamon claimed the top spot for the fifth consecutive year, expanding its market share from 26 to 37 percent over that span. With 37 percent of overall industry revenue in calendar year 2017, the company increased its lead over the next closest competitor to 21 percentage points.
In the Government vertical, which continued to be the key growth driver for the Network Monitoring Equipment (NME) market in 2017, Gigamon market share increased to 61 percent, which is now four times its nearest competitor. In the Service Provider vertical, share is now 28 percent, while share in Enterprise is a market-leading 37 percent.
"Improving the security and performance of their networks is top of mind for network managers, and a key mechanism for achieving this goal is through better monitoring infrastructure," said Matthias Machowinski, research director of enterprise networks and video at IHS Markit. "The network monitoring equipment market reached $561 million last year. Gigamon continues to be the leader in this space thanks to the breadth of its network monitoring equipment portfolio."
According to IHS Markit, growth in the NME over the next five years will be driven by security, performance and speed:
- Security breaches continue to have very real, headline-grabbing business impact, leading 37 percent of companies to state that security is driving the changes they plan to make to their wide area network (WAN) over the next 12 months.
- Performance, at 22 percent, was the number two change mentioned, with the need to support the rise of bandwidth intensive and latency-sensitive applications driving the requirement.
- Speed continues to increase as 100G ports grew almost three-fold and exceeded the number of 1G ports for the first time in 2017. This will continue to be the high growth area as 100G is embraced by enterprises and data center operators.
"As the modern enterprise rethinks their infrastructure, it is clear that customers are finding value in the access to and control of data that our GigaSECURE® solutions provide," said Kim DeCarlis, chief marketing officer at Gigamon. "This year's IHS Markit report presents valuable reference points supporting our belief that a next-gen network packet broker is critical to increase the effectiveness of every tool in the security stack, which will in turn help improve overall network performance and the enterprise's security posture."
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About Gigamon
Gigamon is the company leading the convergence of network and security operations to help organizations reduce complexity and increase efficiency of their security stack. The Company's GigaSECURE® Security Delivery Platform is a next generation network packet broker that helps customers make threats more visible across cloud, hybrid and on-premises environments, deploy resources faster and maximize the performance of their security tools. Global 2000 companies and government agencies rely on Gigamon solutions to stop tool sprawl and save costs. Learn how you can make your infrastructure more resilient, more agile and more secure at www.gigamon.com, on our blog and Twitter, LinkedIn and Facebook.
1 IHS Markit: Network Monitoring Equipment Annual Market Report, June 21, 2018 by Matthias Machowinski
SOURCE Gigamon, Inc.
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