瑞信美股网络安全Gartner公司赞同没有防火墙的云2017121745页

DISCLOSUREAPPENDIXATTHEBACKOFTHISREPORTCONTAINSIMPORTANTDISCLOSURES,ANALYSTCERTIFICATIONS,LEGALENTITYDISCLOSUREANDTHESTATUSOFNON-USANALYSTS.USDisclosure:CreditSuissedoesandseekstodobusinesswithcompaniescoveredinitsresearchreports.Asaresult,investorsshouldbeawarethattheFirmmayhaveaconflictofinterestthatcouldaffecttheobjectivityofthisreport.Investorsshouldconsiderthisreportasonlyasinglefactorinmakingtheirinvestmentdecision.17December2017Americas/UnitedStatesEquityResearchSoftwar[e-mail],[e-mail]@credit-suisse.comCOMMENTGartnerAgreestheCloudHasNoWalls“Theshiftfromon-premisesdeploymentspresentscompetitivechallengestotraditionalfirewallvendorsfordatacenterandcloudprotection.”–Gartner,12thDecember2017GartnerpublishedaMarketTrendsreportonWednesday12thDecembertitledIsPublicCloudAdoptionMakingTraditionalFirewallSolutionsLessRelevant?Whilewearenotinthehabitofregurgitatingindustryresearch,weseeGartner’snewmessagereflectingourviewsexpressedinTheCloudHasNoWalls,anditrepresentsachangeintheirhouseview,andoffersincrementalmarketdata.Weinterpretthebroadconclusionsofthereporttobe:(1)acceptancethatcloudchallengesFirewallvendors,(2)mostimpactedaredatacenterfirewallsfilteringeast-westtraffic(20%ofthemarket).Morespecifictakeawaysinclude:■TransitiontoCloudChallengesFirewall:Datacentersareincreasinglyhybridandvirtualized;thesechangingarchitecturesaredisruptingenduserdemandandcreatingopportunitiesforabroadersetofsolutionsandproviders.UltimatelyGartnerbelievesthis“willimpingeonrevenuestreamsfromsalesoftraditionaldatacenterfirewallsolutions.”■FirewallMarketSlowingDown:Latestmarketsizingsuggeststheoverallmarketgrew~16%y/yfor1Q-3Q17,butonly5.7%in3Q.Gartner’sforecastssuggestthegrowthcurvewillsoftenthroughtheforecastperiod,aresultofsize,maturityandcommoditizationofthemarket.■RefreshCyclesLengthening:Asdatacentersvirtualize,Gartnerforeseesanimpactonfirewallreplacementcycles,whichhavehistoricallybeenconsistentasrisingbandwidth/throughputdrivescapacityupgrades.Expectincreaseto5-7years,insteadof4-5years.■VirtualFirewallNotSuitedtoIaaS:Gartnerbelievesuseofnativecontrols,microsegmentationandCWPPsolutionsareprovingmorecrediblesolutionstosecuringIaaSenvironmentsthanvirtualfirewalls.Firewallsarenot‘infinitelyscalable,multiuseandmultitenant.’■LowerBarrierstoEntryintheCloud:Incontrasttothehighbarrierstoentryinherentindedicatedphysicalhardwareappliances(aroundwhichmajornetworksecurityvendorshaveorientedtheirmodelfor25years),softwaredefinedcomponentshavelowerbarrierstoentry.■FirewallExposedtoDeflation:Inadditiontolowerbarrierstoentry,Gartnernotedthehistoryofcloudcomputingandappstoresimply“asoftware-defined‘firewall’marketwillbemorecompetitiveanddeliveredatalowerpricepointthanvirtualfirewallappliances.Foracomprehensiveoverviewofourcategorythesis,pleaseseeourFirewallinitiation:TheCloudHasNoWalls,5thSeptember2017.17December2017Cybersecurity2IncrementalGartnerDataFirewallMarketSegmentationbyUse-CaseGartnerhassegmenteditsfirewallmarket(UTMandNGFW)forecast,forwhatwebelievetobethefirsttime,intoitsseparateusecases–(1)Edge,(2)Branchand(3)Datacenter.Figure1:FirewallMarketin2017~$10bn.~$5.5bnspentontheEnterprisePerimeterEdge,~$2.5onBranchFirewalland~$2bnintheDatacenter2017FirewallMarketSegmentationByUseCase(%)Source:Gartner,CreditSuisseResearch.DataCenterUse-CasesMostAtRiskGartnerconsidersDatacenterandClouddeploymentstobemostatriskofdisruption.WhileitconsiderstheimpactonEnterprisePerimeterProtection(BranchandEdge)tobelow,itisnotedthatdespiteemergingFirewall-as-a-ServiceandSD-WANsolutionslaggingfirewallprovidersinfunctionality,theydodemonstratethatnetworksecuritycanbedonedifferently–anyfunctionalityimprovementwillincreasepotentialfordisplacement.Figure2:GartnerConsiderstheCloudandDataCenterProtectionFirewallUse-CasetoBeMostAtRiskSource:Gartner,CreditSuisseResearch.DataCenter/CloudProtectionEnterprisePerimeter(Branch)EnterprisePerimeter(Edge)19%26%55%2017TotalFirewallMarket~$10bnFirewallUseCaseUse-CaseDescriptionMarketTrendCompetitiveImpactofCSPsorAlternativeSecurityProvidersDataCenterProtectionThefirewallprotectsphysicalandvirtualserverinfrastructure.Theenterprisedatacentermarketistodayevolvingrapidly,toembracetechnologiessuchasvirtualization,software-definednetworkingandadvancedsecuritytechnologies,suchasmicrosegmentationandnewmethodsofdeliveringapplications,suchascontainers.Enterprisedatacentersaretodaymorehybridandincreasinglyvirtualized.Mostfirewallvendorsprovidemicrosegmentationforprotectionwithinvirtualdatacenters.However,differentmicrosegmentationapproachesexist,andagrowingnumberofalternativeprovidersarecompetinginthisspace.Containertechnologywillbecomemorewidelydeployed,andsupportforthisnewapplicationdeliveryparadigmiscritical.MediumtoHighCloudProtectionVirtualfirewallsprotectworkloadsandapplicationsmovingtothepublicIaaS(forexample,AWS,MicrosoftAzureandGoogleCloud).CWPPandmicrosegmentationsolutionsforIaa