Press release from Business Wire India
Source: Frost & Sullivan
Monday, November 26, 2012 03:31 PM IST (10:01 AM GMT)
Editors: General: People; Business: Business services, Defence & security, Information technology, Media & entertainment; Technology
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Fortinet Honored with the Frost & Sullivan 2012 Middle East Product Line Strategy Award in the Middle East Network Security Market
Dubai, United Arab Emirates, Monday, November 26, 2012 -- (Business Wire India) -- Frost & Sullivan recently attributed Fortinet with the 2012 Middle East Product Line Strategy Award in the Middle East Network Security Market. This Award has been presented in recognition of the leadership position of Fortinet's FortiGate product suite of network security appliances. With those solutions, Fortinet delivers an exceptional level of performance, deployment flexibility, and security for large as well as small and medium business (SMB) networks. Fortinet's emphasis on product offerings has resulted in superlative market performance. This is evident in its built-in hardware and wide range of models, which have helped the company maintain its edge over competition in this fiercely-competitive market. Fortinet's growth can be attributed to its continuous pace of innovation, delivery of new features and products, ease of deployment, and centralized management of its appliances onsite. The move toward next-generation security gateways has seen tremendous traction from the enterprise mindshare. Launch of its new models in the high-end, mid-range, and low-end segments has placed Fortinet as a key market player.
The Frost & Sullivan Product Line Strategy Award is bestowed upon a company that has demonstrated excellence by continually focusing on innovation, translating customer insights into strong product lines, and showcasing a clear roadmap strategy. Such initiatives enable companies to capture a significant market and mind share; and in the process generate immense visibility amongst customers. The recipient of this Award is chosen after assessing nominees on the basis of predetermined criteria and through extensive research. The research process involves collecting information through primary research with industry experts, market participants, end users, other value chain players, and supplementing that with reliable secondary information, as well as Frost & Sullivan's ongoing proprietary industry research.
Bashar Bashaireh, Regional Director at Fortinet Middle East, stated, "We are honored to be recognised by Frost & Sullivan for our technology innovation. This Award has acknowledged the leading position of our FortiGate product line in providing next generation of network security solutions to the enterprise." He further added, "Fortinet's product development has always been driven by the objective of delivering innovation that helps shape the market. To that end, our recently announced FortiOS 5.0 operating system, which underlies our FortiGate suite, delivers unique features that bring more intelligence to network security. Fortinet will continue to significantly invest in R&D and sales support to provide the best protection to our customers."
Presenting the Award, Haritha Ramachandran, Program Manager, Information and Communication Technologies (ICT) Practice, Frost & Sullivan, said, "Although, the Middle East is a highly-competitive market, Fortinet remains one of the fastest-growing vendors in the region. With its clear vision for network security, combined by its emphasis on continual product development, Frost & Sullivan expects Fortinet to further consolidate its position in the market during the next few years."
According to Frost & Sullivan, the Middle East Network Security Market was estimated at USD 291.4 million in 2011 and is likely to witness a compound annual growth rate (CAGR) of 18.3 per cent over the period 2011-2018. Increased sophisticated focused attacks, targeted Government investments in ICT-related projects, the increasing trend of 'Bring Your Own Device' in enterprises, and rise in employee mobility are primary drivers for the network security market in the Middle East. The market is presently at a growth stage. While telecom; and banking, financial service, and insurance (BFSI) verticals remained the top spenders; public sector companies increased their focus on enhancing security infrastructure. Technology convergence, regulatory compliance, and network infrastructure expansion are expected to boost sales of network security products in the next 4-5 years.
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Aout Fortinet (www.fortinet.com):
Fortinet (NASDAQ: FTNT) is a worldwide provider of network security appliances and a market leader in unified threat management (UTM). Our products and subscription services provide broad, integrated and high-performance protection against dynamic security threats while simplifying the IT security infrastructure. Our customers include enterprises, service providers and government entities worldwide, including the majority of the 2011 Fortune Global 100. Fortinet's flagship FortiGate product delivers ASIC-accelerated performance and integrates multiple layers of security designed to help protect against application and network threats. Fortinet's broad product line goes beyond UTM to help secure the extended enterprise - from endpoints, to the perimeter and the core, including databases and applications. Fortinet is headquartered in Sunnyvale, Calif., with offices around the world.
CONTACT DETAILS
Tanu Chopra, Corporate Communications Middle East and North Africa, Frost & Sullivan, +91 9820480089, tanu.chopra@frost.com
Bassam Takieddine,Senior PR Account Executive, Orient Planet, +971 4 3988901, bassam.takieddine@orientplanet.com
KEYWORDS
PEOPLE, BUSINESS SERVICES, DEFENCE, IT, MEDIA, TECHNOLOGY
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