Frost & Sullivan Report Recognizes FireEye as Leading Provider of 'Must Have' Network Security Technology for Advanced Attacks
Combination of Features and 62 Percent Market Share Establish FireEye as Clear Segment Leader
MILPITAS, Calif– Aug. 05, 2015—FireEye, Inc. (NASDAQ: FEYE), the leader in stopping today's advanced cyber attacks, today announced that a new report from Frost & Sullivan recognizes FireEye as the leading vendor in the network security sandbox market. A half billion market in 2014, the network security sandbox segment is expected to grow to $3.5 billion by 2019, with an average compound annual growth rate (CAGR) of 45.6 percent from 2014-19.
The report, Network Security Sandbox Market Analysis: APTs Create a “Must Have” Security Technology, examines the rapidly growing market for network security sandbox technologies in response to the rise of advanced attack. Network security sandbox technologies, which execute and analyze suspicious software in a controlled environment, use sophisticated algorithms to detect and validate previously unseen attacks missed by signature-based detection technologies.
“The network security sandbox segment is dominated by FireEye, which commands almost two-thirds of 2014 market revenue,” said Frank Dickson, research director with Frost & Sullivan. “A combination of network security sandbox features and large market share puts FireEye in the position of clear leadership. FireEye continues to capitalize on its first-mover advantage.”
“Advanced attackers are transforming the threat landscape,” said Manish Gupta, senior vice of products at FireEye. “This Frost & Sullivan report recognizes that advanced threats are the ‘new normal,’ and organizations of all sizes and in all industries must realign their security budgets to protect their intellectual property and data. FireEye network, endpoint and cloud-based security products, powered by our MVX virtual machine detection engine, help customers build attack-resilient networks. When combined with our FireEye-as-a-Service and advanced threat intelligence offerings, FireEye products reduce the time from security alert to remediation and mitigate the risks of an attack.”
A complimentary excerpt of the new Frost & Sullivan report is
About FireEye, Inc.
FireEye has invented a purpose-built, virtual machine-based security platform that provides real-time threat protection to enterprises and governments worldwide against the next generation of cyber attacks. These highly sophisticated cyber attacks easily circumvent traditional signature-based defenses, such as next-generation firewalls, IPS, anti-virus, and gateways. The FireEye Threat Prevention Platform provides real-time, dynamic threat protection without the use of signatures to protect an organization across the primary threat vectors and across the different stages of an attack life cycle. The core of the FireEye platform is a virtual execution engine, complemented by dynamic threat intelligence, to identify and block cyber attacks in real time. FireEye has over 3,700 customers across 67 countries, including 675 of the Forbes Global 2000.
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Vitor De Souza
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FireEye Investor Relations
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