In 2015, the cyber security and application delivery solutions provider Radware has registered an impressive growth of 24.5% growth over the previous year in India. There is an increase of 33% in client base and the revenue from the existing clients surged 11%.
The demand for application delivery controllers (ADC) and application security solutions are the growth drivers of Radware in India. “Rising demand from cloud and communications service providers, and prioritization of ADCs for IPv4-IPv6 address translation are the key driver of the application delivery and application security solutions market in India, as it is global. ADC market in India is expected to grow between 8 to 10 percent till 2018, and we intend to leverage upon this growth as well. We feel great about the fact that we have been able to understand the customers’ emerging requirements and serve them with the right kind of products,” commented Mr. Nikhil Taneja, Managing Director – India & SAARC, Radware about the revenue growth.
The company also experienced robust growth of 20% in its security solutions offering and 14% in its Application Delivery Controller (ADC) offerings.
Roy Zisapel, President, and Chief Executive Officer, Radware said, “We have remained committed to the India market for the past 14 years. Because of this dedication, along with our comprehensive application delivery and attack mitigation technology and customer-centric approach, we are in the perfect position to grow our market share in this region.”
In 2016, ADC and application security solution industry is expected to grow faster. Radware intends to solidify and strengthen its market position in 2016. Telecom, government, BFSI and enterprise sectors comprise its client base.