Juniper Networks Grows SSL VPN Market Share Leadership According To Report By Infonetics Research
SUNNYVALE, Calif., Sept. 7, 2004 – Juniper Networks, Inc. (Nasdaq: JNPR) today announced that it has grown its market share leadership position in the Secure Sockets Layer Virtual Private Network (SSL VPN) market, according to Infonetics Research, Inc.’s “VPN and Firewall Appliances and Software Quarterly Worldwide Market Share and Forecasts for 2Q04” report published recently.
According to the Infonetics report, Juniper Networks garnered 57 percent revenue market share within the SSL VPN product category during 2Q04, in a market forecasted to reach $466 million by CY07. The company’s market share leadership has continued to grow, including from Q104 when Infonetics reported that Juniper Networks owned 45 percent revenue market share.
“Juniper had another great quarter, particularly in application security gateways (SSL VPNs), a market that they are beginning to run away with. Worldwide SSL VPN revenue grew 10 percent between the first and second quarters this year, and will grow 92 percent by 2Q05; between 2003 and 2007, we project annual revenue to jump 467 percent,” stated Jeff Wilson, senior analyst at Infonetics Research. “Juniper is not only excelling with its core routing and secure access products, it is also experiencing growth in sales of its intrusion detection and prevention solutions.” Krishna “Kittu” Kolluri, general manager and vice president, security products group at Juniper Networks, said, “Our lead in the SSL VPN market continues to grow because enterprises share our vision for ubiquitous secure access. The Juniper Networks SSL VPN products continue to standout from the crowd, offering enterprises significant technology enhancements for remote employee, partner and customer access to network resources, and deep integration with key vendors for a layered security approach. We are proud to see our SSL VPN innovation and sales efforts rewarded with unrivaled market leadership, as measured by Infonetics Research.”
In a related Infonetics report titled “Intrusion Detection and Prevention System Products – Quarterly Worldwide Market Share and Forecasts for 2Q04,” Juniper Networks was recognized as the unit shipment leader with 37 percent market share in the network-based in-line intrusion detection and prevention products (IDP) market. This demonstrates Juniper Networks momentum in the market and the increasing recognition of the value of its NetScreen IDP products, which provide the ability to detect and prevent application-level attacks, in a single device, in real-time before they reach the intended victims.
The “VPN and Firewall Appliances and Software Quarterly Worldwide Market Share and Forecasts for 2Q04” report provides an in-depth analysis of the VPN and firewall markets for Q204, including worldwide and geographic regional results, market assumptions and drivers, as well as forecasts for each market. The “Intrusion Detection and Prevention System Products (IDS/IPS) – Quarterly Worldwide Market Share and Forecasts for 2Q04” report provides an in-depth analysis of the IDS/IPS markets for Q204, including worldwide and geographic regional results, market assumptions and drivers, as well as forecasts for each market. To obtain the reports or for more information, please contact Larry Howard at (916) 933-3543 or larry@infonetics.com
About Juniper Networks, Inc.
Juniper Networks transforms the business of networking by creating competitive advantage for our customers with superior networking and security solutions. Juniper Networks is dedicated to customers who derive strategic value from their networks, including global network operators, enterprises, government agencies and research and educational institutions. Juniper Networks’ portfolio of networking and security solutions supports the complex scale, security and performance requirements of the world’s most demanding mission critical networks. Additional information can be found at www.juniper.net.
Juniper Networks, NetScreen and the Juniper Networks logo are registered trademarks of Juniper Networks, Inc. in the United States and other countries. The following are trademarks of Juniper Networks, Inc.: NetScreen Secure Access.
This press release contains specialized projections, statements and data provided by third parties, including Infonetics Research, Inc. Juniper Networks does not adopt these projections, statements or data, and does not warrant or guarantee the accuracy or completeness of such projections, statements or data. Further, the projections and certain of the statements and data contained in this press are, by their nature, forward-looking. Such forward-looking projections, statements and data are subject to many assumptions, risks and uncertainties that may cause actual results to differ materially from those expressed or implied by such forward-looking projections, statements or data. Those assumptions, risks and uncertainties include, but are not limited to the timing and rate of new product adoption by current and prospective customers, the introduction of new technologies, entry of new competitors into existing or emerging markets, global economic conditions and spending habits of current and prospective customers.