--- title: "Network Security Market Grows 5.1% Year-Over-Year in Q4 2024, Omdia Reports | TTGT Stock News" description: "The network security market grew 5.1% YoY in Q4 2024, with a full-year growth of 3.1%, according to Omdia. Palo Alto Networks leads with a 28.4% market share, driven by demand for security appliances " type: "news" locale: "en" url: "https://longbridge.com/en/news/233278986.md" published_at: "2025-03-26T11:50:00.000Z" --- # Network Security Market Grows 5.1% Year-Over-Year in Q4 2024, Omdia Reports | TTGT Stock News > The network security market grew 5.1% YoY in Q4 2024, with a full-year growth of 3.1%, according to Omdia. Palo Alto Networks leads with a 28.4% market share, driven by demand for security appliances and SASE adoption. Key vendors include Fortinet, Cisco, and Check Point. Despite growth, all top vendors issued lower guidance for 2025, reflecting market concerns. Omdia forecasts a 2.8% CAGR for the network security market from 2024 to 2029, with firewall growth at 5.0% CAGR, influenced by increased product integration and SASE adoption. 03/26/2025 - 07:50 AM LONDON--(BUSINESS WIRE)--The network security market grew 5.1% year-over-year (YoY) in Q4 2024 and 3.1% for the full year according to Omdia’s market estimates and forecast through to 2029. Palo Alto Networks retained its position as the market leader with a 28.4% share in 2024, driven by steady demand for security appliances and higher adoption of software and SASE components. Market ranking of key vendors in the total network security market Omdia’s report covers key segments of the network security market including integrated security appliances, secure routers, SSL VPN gateways, VPN and firewall software, and network based IDS/IPS. “Palo Alto Networks, Fortinet, Cisco and Check Point continue to lead the network security market with each holding double digit share consecutively for the last five years,” said Ketaki Borade, Omdia Senior Analyst, Infrastructure Security. “The growing adoption of SASE architecture is the driving force behind network security growth accelerating software integrations. As the threat landscape evolves, next generation firewalls must integrate seamlessly with other security solutions. AI and machine learning (ML) will continue to play a critical role in enabling a more predictive and proactive security approach.” Rik Turner, Omdia Senior Principal Analyst, Cybersecurity added: “The dominance of the top four firewall vendors is not only a clear sign that this is a mature market, but also an indication that, if they strategically position themselves well in the still early-stage SASE market, they have the potential to strengthen their grip on network security for years to come. Two of the four (Check Point and Cisco) have shifted away from internal cloud-native security (CNAPP) development, opting instead to OEM/white-label Wiz’s product. This highlights a deliberate choice of where to compete against market leader Palo Alto Networks. Their focus on SASE aligns with their firewall expertise and the rapid expansion of SaaS usage in enterprises.” The chart illustrates the market ranking of key vendors for the total network security market for last five years. Palo Alto has retained the top position since 2021 due to its platformization strategy which emphasizes AI-driven product integration. Meanwhile, Cisco has climbed to third place while Fortinet’s targeted approach of secure networking, unified SASE and security operations has helped it to reach second place. With 25% of its FortiGate devices due for refresh, Fortinet may see a revenue surge over the next two years. Looking ahead, Omdia anticipates strong growth for firewall vendors due to upcoming refresh cycles over the next two years according to Borade. “However, all four top vendors have issued lower guidance for 2025 compared to last year, signaling market growth concerns.” Several factors may be contributing to this cautious outlook including enterprise cost-cutting, prioritization of essential services and a shift to cloud and SASE solutions. This transition is likely to impact demand for traditional hardware firewalls while software firewalls and firewall-as-a-platform gain traction. Overall, Omdia forecasts a 2.8% CAGR for the total network security market from 2024 and 2029 with firewall growth projected at 5.0% CAGR over the same period. “While the market remains growth, increased product integration and SASE adoption will continue to shape its evolution,” concludes Borade. **ABOUT OMDIA** Omdia, part of Informa TechTarget, Inc. (Nasdaq: TTGT), is a technology research and advisory group. Our deep knowledge of tech markets combined with our actionable insights empower organizations to make smart growth decisions. View source version on businesswire.com: https://www.businesswire.com/news/home/20250326705945/en/ Fasiha Khan: fasiha.khan@omdia.com Source: Omdia ### Related Stocks - [PANW.US - Palo Alto Networks](https://longbridge.com/en/quote/PANW.US.md) ## Related News & Research | Title | Description | URL | |-------|-------------|-----| | 派拓網絡｜8-K：2026 財年 Q2 營收 25.94 億美元超過預期 | | [Link](https://longbridge.com/en/news/276168982.md) | | 派拓網絡在網絡安全領域從警報轉向問責機制 | Palo Alto Networks Inc.（納斯達克代碼：PANW）推出了 Unit 42 Managed XSIAM 2.0，揭示了人工智能在過去一年中使網絡攻擊加速了四倍。2026 年全球事件響應報告強調，89% 的案例中存在身份弱 | [Link](https://longbridge.com/en/news/276126384.md) | | 網絡安全股票準備反彈的 4 個原因 | Jefferies 分析師 Joseph Gallo 認為，儘管軟件行業整體下滑，網絡安全股票即將迎來反彈。他列出了四個原因：該行業有潛力受益於人工智能對更好安全工具的需求、人工智能與網絡安全公司的合作、對安全漏洞的意識增強，以及與更廣泛的 | [Link](https://longbridge.com/en/news/276369967.md) | | 派拓網絡的財報即將發佈。以下是可能推動其股價再次上漲的因素 | 派拓網絡即將公佈其 2023 財年第二季度的財報，分析師對其最近收購 Chronosphere 和 CyberArk 持樂觀態度。儘管今年在軟件行業挑戰下股價下跌了 9.4%，分析師預計收入將達到 25.8 億美元，調整後的每股收益為 93 | [Link](https://longbridge.com/en/news/276136579.md) | | 網絡安全領導者正在為人工智能時代搭建基礎設施 | 網絡安全正在發展，因為機器身份超越了人類身份，導致安全漏洞增加。像 Quantum Secure Encryption Corp. 和 Palo Alto Networks 這樣的公司正專注於人工智能安全和密碼學韌性。Quantum Sec | [Link](https://longbridge.com/en/news/276357610.md) | --- > **Disclaimer**: This article is for reference only and does not constitute any investment advice.