Extreme Networks named fastest growing vendor, ranked second in revenue
FYI, this story is more than a year old
Extreme Networks has been named the fastest growing vendor in Omdia’s 2020 Cloud-Managed Networking Report, and is number two in cloud-managed networking, with increasing market share, revenue and devices under management.
In the report, Omdia found that of the top five vendors in the cloud-managed networking market, Extreme has experienced the largest increase in market share since the release of the 2019 industry report from IHS Markit.
Extreme ranked second overall for revenue share in the industry, growing from 6% market share to 10% market share, and tied for second for devices managed, again taking 10% of market share.
Extreme’s growth follows its 2019 acquisition of Aerohive Networks, which was successfully integrated as of April 2020.
Omdia also cites Extreme’s flexible management model, which enables companies to migrate from an on-premises installation to a public cloud subscription or an off-premises private cloud, as an additional factor that influenced the company's success over the past year.
ExtremeCloud IQ is a machine learning and AI-driven cloud management platform that is designed to simplify onboarding, configuration, monitoring, managing, troubleshooting, alerting, and reporting for network infrastructure devices.
The platform provides administrators with a 360-degree view of device, client, application, and network health and performance.
It is the industry's first end-to-end cloud management platform, the first cloud networking management architecture to be both cloud-hosting agnostic and cloud operating system agnostic, and is the first cloud platform to offer unlimited data.
According to the report, the global cloud-managed networking market grew by $2.6 billion in 2019, a 29% increase from 2018 and a significant increase over the traditional managed networking market, which grew by 3% in the same time frame.
The cloud-managed share of the total networking market is expected to triple by 2024, even despite COVID-19, the report finds.
Omdia research director enterprise networks Matthias Machowinski says, “Cloud-managed networking is clearly resonating with organisations as it addresses common pain points like deployment in distributed locations, upgrading and troubleshooting remote equipment, insights into users and applications across the entire network, and responding quickly to changing business needs.
"Extreme has built upon Aerohive's serious commitment to cloud-managed networking by significantly expanding its cloud-managed portfolio, resulting in rapid growth and the number two ranking for revenue.”
Extreme Networks chief marketing officer Wes Durow says, “The user experience should feel effortless and cloud is key to making that happen.
"We are rapidly cloudifying our edge-to-core, wired and wireless solutions portfolio and with that, delivering unmatched deployment flexibility and unlimited data insights to help our customers transition toward cloud-driven networking wherever they are in their digital transformation.
"Demand for our innovative solutions and our approach to walking alongside our customers through this journey is what is driving our growth. We are proud of this industry ranking and believe our game-changing approach toward cloud networking will allow us to maintain our trajectory in this market for years to come.”
Omdia is a global technology research group established following the merger of the research division of Informa Tech's research brands Ovum, Heavy Reading, Tractica and the acquired IHS Markit technology research portfolio.