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Finance

Fortinet Gains Market Share in Worldwide Security Segment

Fortinet managed to increase sales by 17.7% in the fourth quarter, which was one percentage point above the global sales growth of 16.7%. The company now has a market share of 9.9%, up from 9.8% among global security solution providers.

Palo Alto Networks (PANW) was the other major player to outperform market growth and managed to increase sales by 32% to $569.6 million in the fourth quarter. As seen in the above table, the global security market was led by Cisco (CSCO) with a share of 14.1%, followed by PANW at 12.8%, FTNT at 9.9%, Check Point (CHKP) at 9.5%, and Symantec (SYMC) at 4.2%.

The top five players account for 50.5% of the total market.

View more information: https://marketrealist.com/2019/04/fortinet-gains-market-share-in-worldwide-security-segment/

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