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Gartner has positioned Cyberoam, a division of Elitecore Technologies, in the visionary quadrant of the 2012 Magic Quadrant for Unified Threat Management report.
For 2011, Gartner estimates that worldwide revenue in the UTM market totaled approximately $1.28 billion, which represents 19.5 percent growth over its estimate for 2010, and forecasts the market to grow at a CAGR of 15 percent till 2017.
The positive trends influencing growth in the UTM market include a rising demand from small and mid-sized businesses (100 to 999 employees), especially in North America and Western Europe, due to product aging and demand for higher speed Internet connectivity. There is also significant greenfield growth potential, especially in emerging markets and growing number of small businesses.
Hemal Patel, CEO, Elitecore Technologies said, “We believe Cyberoam’s rating as visionary reflects our ability to offer the right design and features set for the mid-sized businesses along with our global footprint spanning 110+ countries. Our current vision is to develop a local sales and marketing strategy in different countries and set up local offices to complement a successful channel engagement. On the product front, we want to strengthen our offerings for enterprise and Soho/home user segments.”
Source : crn
For 2011, Gartner estimates that worldwide revenue in the UTM market totaled approximately $1.28 billion, which represents 19.5 percent growth over its estimate for 2010, and forecasts the market to grow at a CAGR of 15 percent till 2017.
The positive trends influencing growth in the UTM market include a rising demand from small and mid-sized businesses (100 to 999 employees), especially in North America and Western Europe, due to product aging and demand for higher speed Internet connectivity. There is also significant greenfield growth potential, especially in emerging markets and growing number of small businesses.
Hemal Patel, CEO, Elitecore Technologies said, “We believe Cyberoam’s rating as visionary reflects our ability to offer the right design and features set for the mid-sized businesses along with our global footprint spanning 110+ countries. Our current vision is to develop a local sales and marketing strategy in different countries and set up local offices to complement a successful channel engagement. On the product front, we want to strengthen our offerings for enterprise and Soho/home user segments.”
Source : crn
