It's a good time to be in the IT security business, especially if you're into appliances, also known as the Security Appliance Market.
According to research firm IDC, the Intrusion Prevention System (IPS), Unified Threat Management (UTM) and Secure Content Management (SCM) appliance market all posted double digit revenue gains in the first quarter of 2007.
The SCM market includes messaging and Web security elements such as spam detection. IDC says it's a market that is moving from a software-only approach to the appliance form factor, much the same as other segments of threat management.
For the first quarter of 2007 IDC reported that IronPort held a 14.27 percent market share bringing in nearly $25 million in revenue. Its closest competitors were Secure Computing at 8.5 percent market share and nearly $15 million in revenue, followed closely by Barracuda at an 8.3 percent share and just over $14.5 million in revenue.
"It is against company policy for me to predict vendor growth, but I can say that Ironport is well-positioned with Cisco," IDC analyst Jon Crotty told internetnews.com. "The Cisco sales channel will definitely help Ironport."