Santa Clara, Calif., (July 12, 2017) – Gigamon Inc. (NYSE: GIMO), the industry leader in traffic visibility solutions, today announced the results of the recently released IHS Markit Network Monitoring Equipment, 2017 Annual Market Report1 in which it was identified as the clear market share leader. While overall industry revenues grew by 17 percent for a total of $599M in the 2016 calendar year (CY16), Gigamon grew at more than twice that rate accounting for 36 percent of the market in CY16 with a 6-point increase over CY15. Other notable stats include:
“The continuing need for pervasive visibility solutions to make networks more secure and reliable once again drove strong demand for network monitoring equipment,” said Matthias Machowinski, research director of enterprise networks and video at IHS Markit. “Gigamon has a full portfolio of network monitoring equipment, addressing the whole range of deployments from small to very large, and captured the highest market share in 2016.”
IHS Markit states that several dynamics are driving industry growth including:
Gigamon is helping drive this shift with the Gigamon Visibility Platform. The platform’s GigaSMART™ applications offer organizations the advanced processing capabilities that include SSL/TLS decryption, application session filtering, NetFlow/IPFIX generation, metadata generation, packet slicing, data masking, traffic deduplication and load balancing. GigaSMART extends the intelligence and value of the Gigamon Visibility Platform so that organizations can better secure, manage and understand the critical data-in-motion traversing their physical, virtual and cloud-based infrastructures to gain increased control and improved security tool performance.
“Today, organizations need an adaptive and automated security architecture that integrates a visibility platform at its core,” said Kim DeCarlis, chief marketing officer at Gigamon. “Gigamon delivers an advanced visibility platform that enables our customers to see the data that matters most so they can take immediate action. This IHS Markit report validates the market adoption of Gigamon solutions and our ability to satisfy customer needs.”
1IHS Markit: Network Monitoring Equipment Annual Market Report, May 19, 2017 by Matthias Machowinski
Gigamon (NYSE: GIMO) provides active visibility into physical and virtual network traffic, enabling stronger security and superior performance. Gigamon Visibility Fabric™ and GigaSECURE®, the industry’s first Security Delivery Platform, deliver advanced intelligence so that security, network, and application performance management solutions in enterprise, government, and service provider networks operate more efficiently and effectively. See What Matters™ at www.gigamon.com, the Gigamon blog, or follow Gigamon on Twitter, LinkedIn, or Facebook.
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Legal Notice Regarding Forward Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements generally relate to future events or our future financial or operating performance. In some cases, you can identify forward-looking statements because they contain words such as "may," "will," "should," "expects," "plans," "anticipates," "could," "intends," "target," "projects," "contemplates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of these words or other similar terms or expressions that concern our expectations, strategy, plans or intentions. Forward-looking statements in this media alert include, but are not limited to, the potential benefits of the new product offerings and solutions, and goals and expectations regarding future performance and opportunity for the Gigamon Visibility Platform and GigaSMARTÒ technologies. Our expectations and beliefs regarding these matters may not materialize, and actual results in future periods are subject to risks and uncertainties that could cause actual results to differ materially from those projected. These risks include our ability to continue to deliver and improve our products and general market, political, economic and business conditions. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the period ended December 31, 2016 and most recent Quarterly Report on Form 10-Q. The forward-looking statements in this press release are based on information available to Gigamon as of the date hereof, and Gigamon disclaims any obligation to update any forward-looking statements, except as required by law.