While Fortinet continues to be the leader in the sales of security devices, it is going on to increase its gains rapidly. According to the data taken from a leading analyst company, Fortinet sells more security devices than other service providers in the security industry. The sale speed of the company is increasing day by day.
John Maddison, Senior Vice President, Fortinet Products and Solutions company said that the highly demanding Fortinet Security Fabric also strengthens the industry leadership while increasing the market share of the company. He added that they offer a comprehensive service with the comprehensive, robust and fast Security Fabric that they deliver from the Internet of Objects (IOT) to cloud technology, from physical and virtual networks to wired and wireless environments, against today and tomorrow’s threats to their customers.
Fortinet (NASDAQ: FTNT), the global leader in high-performance cryptographic security solutions, announced the results of International Data Corporation’s Worldwide Quarterly Security Appliance Tracker. Fortinet is crowding the position of the industry leader with double-digit profits in security solutions that have been ongoing for years and in the first quarter of 2017. According to the report, Fortinet is the fastest growing Security Services provider in the last ten years.
According to the IDC study, Fortinet ranked higher than the 9 percent average in the sector, while it increased its revenue by 21 percent compared to the same period of the previous year. Fortinet gained 27 percent unit market share in the first quarter, bringing a 30 percent increase in 2017 device shipments compared to the previous year. Fortinet, which delivered more unit shipments in 2017 than the two closest competitors, has seen a 4 percent growth in unit market share leadership since the release of 2014 quarterly report of the company.