COVID-19 rapidly increased the need for enterprise security in remote and edge environments to enable remote employees to work securely.
Many multiline vendors in the enterprise security market also sell data center infrastructure and attach enterprise security sales to hardware sales to provide customers with complete solutions. Data center hardware backlogs therefore slowed some near-term sales for these vendors, which will be remedied in 2H20.
IBM maintained its position as the revenue leader among benchmarked enterprise security vendors in 1H20.
TBR’s Security Benchmark provides clients a deep dive into the enterprise security market, highlighting the financial performance of public and private, multiline, and pure play vendors within the industry.