Access infrastructure market defined and sized at US$21.6B in 2007, CAGR at 11.7%
Citrix Systems, Inc., the global leader in access infrastructure solutions, today announced that the overall access infrastructure market will exceed US$21.6 billion in 2007, based on a compound annual growth rate (CAGR) of 11.7 percent. Citrix's view of the access infrastructure market, its size and its forecasted growth data was developed using research from several sources including IDC and META Group, both leading market research firms. According to the research carried out by Citrix, access infrastructure includes 14 segments, including virtual user interface, remote access, conferencing, collaboration, areas of networking and security, and other segments.
Citrix access software and services currently map to nine of the 14 segments. These nine segments are expected to grow at a rate of 14 percent annually, reaching an expected US$12.7 billion by 2007.
"IDC sees the Citrix vision for access infrastructure as part of a larger confluence of several trends which is leading to utility computing," said Dan Kusnetzky, vice president of IDC's system software research. "Citrix's focus on the access mechanisms to this computing utility makes it a strong candidate for this role as utility computing is increasingly seen as a viable way to deploy applications and IT services."
In March 2003, Citrix announced it would expand into the access infrastructure market by extending its MetaFrame brand into a suite of products - the Citrix MetaFrame Access Suite - that addresses end-to-end enterprise access requirements. At that time, preliminary company estimates sized the access infrastructure market between US$8-10 billion over three to four years. Since March 2003, the company delivered a complete suite of access infrastructure, which is now available in three packaging choices. The MetaFrame Access Suite is the most complete, secure and well-managed access infrastructure enabling access to enterprise applications and information on demand. Additionally, in the first quarter of 2004, Citrix completed the acquisition of Expertcity to expand into the remote control software market and add desktop PC access capabilities to its access infrastructure portfolio.
"We entered 2003 as the leader of server-based computing, and exited the year as a leader in the much larger access infrastructure market," said Mark Templeton, president and chief executive officer for Citrix. "Our growth strategy is based on focusing 100% on access; partnering to preserve customer choice; and extending our access infrastructure offering by growing organically and through consolidation to provide the most complete and secure access infrastructure solution for customers."
As part of its strategy to provide the most complete and secure access infrastructure, Citrix said it will augment its offering in the firewall/VPN software segment through technology it acquired from Motivus Software, Ltd. The technology Citrix gains provides several "policy-based" security features that improve end-point security while providing a rich user experience.
"A key growth strategy for Citrix is to continue consolidating the access infrastructure market in ways that help our customers realise the strategic power of access by transforming their businesses into global on-demand enterprises," Templeton said. "We are building, buying and licensing technology, as well as partnering with complementary solution providers, to maintain our strong lead in the rapidly expanding access infrastructure market by providing the most complete suite of access solutions from one trusted source."
About Citrix
Citrix Systems, Inc. (Nasdaq: CTXS) is the global leader in access infrastructure solutions and the most trusted name in secure access for enterprises and individuals. Nearly 50 million people in more than 120,000 organisations around the world use Citrix every day. Our software gives people secure and well-managed access to business information wherever it lives-on demand. Citrix customers include 100% of the Fortune 100 companies, 99% of the Fortune 500, and 92% of the Fortune Global 500. Based in Fort Lauderdale, Florida, Citrix has offices in 22 countries, and more than 7,000 channel and alliance partners in more than 100 countries. For more information visit http://www.citrix.com.
For Citrix Investors
This release contains forward-looking statements which are made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934. The forward-looking statements in this release do not constitute guarantees of future performance. Those statements involve a number of factors that could cause actual results to differ materially, including risks associated with the company's business involving the company's products, their development and distribution, economic and competitive factors and the company's key strategic relationships and other risks detailed in the company's filings with the Securities and Exchange Commission. Citrix assumes no obligation to update any forward-looking information contained in this press release or with respect to the announcements described herein.
Citrix access software and services currently map to nine of the 14 segments. These nine segments are expected to grow at a rate of 14 percent annually, reaching an expected US$12.7 billion by 2007.
"IDC sees the Citrix vision for access infrastructure as part of a larger confluence of several trends which is leading to utility computing," said Dan Kusnetzky, vice president of IDC's system software research. "Citrix's focus on the access mechanisms to this computing utility makes it a strong candidate for this role as utility computing is increasingly seen as a viable way to deploy applications and IT services."
In March 2003, Citrix announced it would expand into the access infrastructure market by extending its MetaFrame brand into a suite of products - the Citrix MetaFrame Access Suite - that addresses end-to-end enterprise access requirements. At that time, preliminary company estimates sized the access infrastructure market between US$8-10 billion over three to four years. Since March 2003, the company delivered a complete suite of access infrastructure, which is now available in three packaging choices. The MetaFrame Access Suite is the most complete, secure and well-managed access infrastructure enabling access to enterprise applications and information on demand. Additionally, in the first quarter of 2004, Citrix completed the acquisition of Expertcity to expand into the remote control software market and add desktop PC access capabilities to its access infrastructure portfolio.
"We entered 2003 as the leader of server-based computing, and exited the year as a leader in the much larger access infrastructure market," said Mark Templeton, president and chief executive officer for Citrix. "Our growth strategy is based on focusing 100% on access; partnering to preserve customer choice; and extending our access infrastructure offering by growing organically and through consolidation to provide the most complete and secure access infrastructure solution for customers."
As part of its strategy to provide the most complete and secure access infrastructure, Citrix said it will augment its offering in the firewall/VPN software segment through technology it acquired from Motivus Software, Ltd. The technology Citrix gains provides several "policy-based" security features that improve end-point security while providing a rich user experience.
"A key growth strategy for Citrix is to continue consolidating the access infrastructure market in ways that help our customers realise the strategic power of access by transforming their businesses into global on-demand enterprises," Templeton said. "We are building, buying and licensing technology, as well as partnering with complementary solution providers, to maintain our strong lead in the rapidly expanding access infrastructure market by providing the most complete suite of access solutions from one trusted source."
About Citrix
Citrix Systems, Inc. (Nasdaq: CTXS) is the global leader in access infrastructure solutions and the most trusted name in secure access for enterprises and individuals. Nearly 50 million people in more than 120,000 organisations around the world use Citrix every day. Our software gives people secure and well-managed access to business information wherever it lives-on demand. Citrix customers include 100% of the Fortune 100 companies, 99% of the Fortune 500, and 92% of the Fortune Global 500. Based in Fort Lauderdale, Florida, Citrix has offices in 22 countries, and more than 7,000 channel and alliance partners in more than 100 countries. For more information visit http://www.citrix.com.
For Citrix Investors
This release contains forward-looking statements which are made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934. The forward-looking statements in this release do not constitute guarantees of future performance. Those statements involve a number of factors that could cause actual results to differ materially, including risks associated with the company's business involving the company's products, their development and distribution, economic and competitive factors and the company's key strategic relationships and other risks detailed in the company's filings with the Securities and Exchange Commission. Citrix assumes no obligation to update any forward-looking information contained in this press release or with respect to the announcements described herein.
