E-Business
Cisco Leads Security Appliance Market 2013 With 16.6% Share
Cisco continues to lead the overall security appliance market with a 16.6% share in factory revenue for the first quarter as disclosed by International Data Corporation (IDC) Worldwide Quarterly Security Appliance Tracker.
Also, IDC found that security appliance market revenue rose in the first quarter of 2013 (1Q13) compared to Q1 2012, while unit shipments declined over the same period.
Worldwide factory revenue was up 3.4% year over year to $2.0 billion, as shipments decreased -6.8% to 472,306 units.
The shipment decline was due in large part to Cisco, which has transitioned to new appliances with higher price point causing revenue to remain more consistent compared to declining units. The year-over-year growth rate for factory revenue was the lowest since Q1 2010.
Geographically, Canada saw the highest year-over-year growth in the quarter (16.4%), followed by Japan (8.6%). Asia/Pacific (excluding Japan) continued to see steady growth (7.1%) and accounted for more than 16% of worldwide factory revenue.
Western Europe also built on a strong fourth quarter and saw factory revenue rise 3.9% versus 1Q12. Asia/Pacific (excluding Japan) was the only region to see a year-over-year increase in unit shipments in the quarter (2.8%). The United States recorded a -0.2% decline in factory revenue and a unit decrease of -10.2% compared to 1Q12.
“The government sector seemed to impact the results somewhat in the United States,” said John Grady, Research Manager, Security Products at IDC.
“However, all organizations continue to prioritize security within their overall IT budget. With advanced, targeted threats a growing concern, IDC expects continued high single-digit growth in the overall security appliance segment over the course of 2013.”
However, the report ranked Cisco as leading the overall security appliance market with a 16.6% share in factory revenue for the first quarter, but this was down from 17.8% in the prior year period.
Check Point held the number 2 spot with a 12.5% share for the quarter as revenue increased 5.7% compared to the first quarter of 2012.
Fortinet saw the largest revenue growth among the top five vendors at 16.6%. The combined shares of the top 5 global vendors represented 49% of the market in Q1 2013.
Blue Coat, Palo Alto Networks, and Sophos were some of the vendors outside the top 5 seeing strong growth in the quarter.
Functional Market Results show that at the functional market level, the Unified Threat Management (UTM) segment saw the largest year-over-year revenue growth at 36.4% and accounted for 37.1% of security appliance revenue in 1Q13, as multi-function appliances continued to drive growth in the overall market.
The Firewall/VPN market declined 21.2% year over year, but still represented 20.9% of security appliance revenue in the quarter.
The Content Security segment rose by 6.8% compared to the prior year and accounted for 20.3% of the market. IDP saw modest growth of 0.3% compared to the prior year period.
“While businesses continue to explore the opportunities for migrating to a private cloud network as a new technology paradigm, unified security prospects will continue to expand rapidly into other small and medium-size businesses where demand is greater than ever,” said Ebenezer Obeng-Nyarkoh, senior research analyst.
E-Business
Hisense Electronics Unveils Flagship Showroom in Abuja
By Fabian Tarpael, Abuja
Hisense electronics unveiled a flagship showroom in Abuja over the weekend. Speaking at the event, Mr. Mustapha Khries, the Abuja Branch Manager of the Fouani Group, highlighted the significance of the flagship store, describing it as the first of its kind in the entire West African region.
He also addressed the challenges facing businesses in Nigeria, particularly the high exchange rates and transportation costs.
“The Fouani Group remains resilient and ready to overcome challenges, unlike others who often exit the market when faced with similar issues.”
Ms. Haifa Du, Senior Sales Manager for Hisense Electronics, emphasized the brand’s commitment to affordability and innovation, stating that Hisense offers the most cost-effective and advanced solutions in the market.
The event underscored Hisense’s dedication to technological innovation and sustainability while reaffirming its leadership position in the consumer electronics market.
Mr. Robbin Wei, Senior Sales Manager of Hisense Group, supported by Mr. Greg and Ms. Haifa Du, showcased various innovative products from the new flagship store.
Among the standout products showcased include; The Hisense 110″ Smart Ultra AMOLED TV, featuring unique capabilities such as a solar-powered remote control and a “locate remote” function to find misplaced remotes easily.
E-Business
PalmPay, Jumia Partner to Launch Integration for Shoppers in Nigeria
PalmPay, Africa-focused fintech operating Nigeria’s most used mobile wallet, and Jumia, Africa’s e-commerce giant, today announce a strategic partnership to enhance the digital payment ecosystem on the continent, starting with payment integrations and co-marketing efforts in Nigeria.
This partnership underscores both parties’ commitment to developing the digital payment ecosystem in Nigeria and grow the use of the cashless economy.
WIth PalmPay now available as a payment method, shoppers on Jumia will now be able to pay for their purchases with the option to check out with their PalmPay wallet, ensuring a seamless user experience and transaction reliability through the direct integration.
“We are proud to partner with Jumia as we bring together the best of fintech and e-commerce to redefine the online shopping experience,” said Sofia Zab, Chief Marketing Officer, PalmPay. “This strategic alliance aligns perfectly with our shared commitment to delivering a superior user experience and exceptional value to our customers.”
Speaking on the partnership, Sunil Natraj, CEO, Jumia Nigeria added: “At Jumia, we are dedicated to creating value for our customers by ensuring a convenient, reliable, and secure shopping experience.
“This partnership with PalmPay strengthens our commitment to enhancing the digital payments within our platform. By integrating PalmPay, we are providing more options for customers to access affordable and quality goods with the convenience of cashless transactions.”
This alliance marks the beginning of a long-term collaboration between two industry giants, aiming to drive innovation, increase convenience for consumers, and foster the adoption of digital payments across Africa.
To celebrate the launch of the partnership, PalmPay and Jumia are launching a special Christmas campaign, running from December 11th to 30th. During this period, customers who make purchases on Jumia using the PalmPay payment method will stand a chance to win exciting cash rewards. More details can be found on the brands’ respective social media pages. @palmpay_ng and @JumiaNigeria.
E-Business
Aero Contractors Launches “12 Days of Christmas” Campaign
Aero Contractors is thrilled to announce the launch of its “12 Days of Christmas” campaign, a festive and engaging social media initiative designed to spread holiday cheer and reward loyal customers.
Running from December 13 to December 24, 2024, this exciting campaign underscores Aero Contractors’ commitment to connecting families, friends, and communities during the holidays.
The “12 Days of Christmas” campaign invites travel enthusiasts, loyal customers, and holiday travelers to participate in fun and interactive activities on Aero Contractors’ social media platforms, including Instagram, Facebook, and X (formerly Twitter). Each day will feature engaging posts such as trivia, puzzles, and challenges designed to ignite the festive spirit and encourage community participation.
Participants are encouraged to follow Aero Contractors’ social media pages, engage with the daily posts by liking, commenting, or sharing, and follow the specific instructions for each day’s activity.
Winners will be selected daily and announced on the respective platforms. Exciting prizes await participants, with the grand reward of a free return economy class ticket—a perfect gift for reconnecting with loved ones or exploring new destinations this holiday season.
“At Aero Contractors, we believe in the power of togetherness, especially during the holidays,” said Capt. Ado Sanusi, Managing Director of Aero Contractors.
“Our ‘12 Days of Christmas’ campaign is our way of giving back to the community that has supported us throughout the year. It’s an opportunity to engage, celebrate, and reward our customers while spreading joy and festive cheer.”
This campaign targets travel enthusiasts, loyal Aero Contractors customers, and families looking to make the most of the holiday season. Through this initiative, Aero Contractors reaffirms its dedication to safe, reliable, and efficient air travel, bringing people closer when it matters most.
Follow Aero Contractors on Instagram, Facebook, and X to join the “12 Days of Christmas” campaign. Engage daily for a chance to win a free return economy class ticket and other exciting offers.
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