Fortinet Continues its Strong Momentum in Latin America as the Leading Cybersecurity Company, Delivering 46.7%** of Security Appliances Shipped in the Region in 2018

 “In today’s overly digitalized era, companies across industries are looking to adopt a holistic approach to security – one that is broad, integrated and automated. Our advanced security fabric architecture, along with our unmatched team of cybersecurity experts in the region, enables us to help Latin American organizations accelerate their digital transformation without ever compromising security. The Fortinet Security Fabric’s ability to protect all points in the network provides our customers with the necessary comprehensive threat protection to counter the evolving cybersecurity challenges we face today”, said Pedro Paixao, Vice President of International Sales and General Manager, Latin America & the Caribbean, Fortinet . 

Fortinet®,  a global leader in broad, integrated and automated cybersecurity solutions, today announced the results from International Data Corporation’s (IDC) latest Worldwide Quarterly Security Appliance Tracker. The 2018 Q4 report reinforces Fortinet’s continued leadership in Latin America, positioning the company as the number one cybersecurity vendor in the region in both units of shipped security appliances and in revenue generated by the sale of these units in 2018, considering the Firewall / UTM / IDP (IPS & IDS) / VPN technology category.

Once again securing the regional leader placement, Fortinet earned 46.73 percent of the appliance shipments unit market share in 2018. The company also led the regional revenue market share with a 24.34 percent during the same time period, further showing the cybersecurity leader’s strong presence and demand in Latin America for the aforementioned technologies.

In 2018, Fortinet also positioned itself as the number one cybersecurity company in appliance shipments unit market share in several key Latin American markets, including Argentina, Brazil, Chile, Colombia, Mexico, Peru and a consolidated geography called Rest of Latin America. Fortinet’s appliance shipments unit market per country in 2018 are as follows:

  • Argentina:09%
  • Brazil:12%
  • Chile:01%
  • Colombia:65%
  • Mexico:11%
  • Peru:12%
  • Venezuela:84%
  • Rest of LATAM:48%

At a global scale, Fortinet also saw an appliance shipment increase of 22.4 percent year-over-year in the fourth quarter of 2018 and was once again the leader in terms of security appliance shipments for the sixth consecutive year. Moreover, Fortinet’s unique Firewall, Unified Threat Management (UTM) and Virtual Private Network (VPN) solutions helped the company move from the third to second spot in revenue for the combined markets in the fourth quarter of 2018 compared to the previous quarter.

Fortinet has continuously invested in Latin America and the Caribbean with some of the most skilled cybersecurity experts in the region. The results once again demonstrate Fortinet’s proven ability to provide customers the most innovative, highest-performing security fabric approach to not only secure, but also simplify today’s complex IT infrastructure.