“But Check Point has not adapted its portfolio or delivery models as quickly as some competitors, such as Blue Coat, to address growing customer demand to protect cloud-based workloads with cloud-based services,” Wright added.
“Blue Coat, with its acquisition of Elastica in 2015, will give Symantec fast access to more sought-after security solutions, including cloud access security brokerage, and security analytics and incident remediation for cloud-based applications.”
Meanwhile, Cisco, the No. 3 share holder in the enterprise security market according to TBR’s estimates, will be impacted less by Symantec’s acquisition of Blue Coat, as neither Symantec nor Blue Coat are focused on the network security segment where Cisco earns most of its security revenue.
“Many of Symantec’s recent declines were due to the challenges of shifting its traditional security portfolio and delivery model to address customers’ changing security requirements,” Wright added.
“With the acquisition of Blue Coat, Symantec’s portfolio will expand to address more of customers’ most pressing security concerns, such as SaaS usage monitoring and security analytics.
“This will enable customers to fulfil more of their security requirements from Symantec while helping the vendor retain its large customer base and increase its average deal size.”
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