SAN JOSE, Calif., June 29, 2021 /PRNewswire/ -- Extreme
Networks, Inc. (Nasdaq: EXTR), a cloud-driven networking company,
today announced it is one of the fastest growing cloud-managed
network service providers and is the second-ranking brand in the
industry as reported in 650 Group's June
2021 Cloud-Managed Network Services Report. Extreme is
significantly outpacing the market, including the market leader,
and holds more market share than the third and fourth ranked
vendors combined.
Key Facts
- According to 650 Group, the cloud-managed network services
market experienced 38% growth year-over-year from 2020 to 2021,
while Extreme delivered 101% growth during that same period.
Extreme was ranked as the second leading vendor in the
cloud-managed network services market.
- The 650 Group anticipates additional growth in the
cloud-managed network services market over the next five years as
vendors bring further innovation to the market such as artificial
intelligence (AI), analytics, and locationing. The report shows
that Wi-Fi 6 market revenues have doubled year-over-year and
forecasts that the highest growth access point (AP) types in 2022
will be Wi-Fi 6 and Wi-Fi 6E systems. Wi-Fi 6 ensures networks can
support the bandwidth demands of the rapidly increasing number of
internal and external IoT devices that flood every organization
today.
- ExtremeCloud™ IQ is a machine learning and AI-driven cloud
management platform that simplifies onboarding, configuration,
monitoring, managing, troubleshooting, alerting, and reporting for
network infrastructure devices. The platform is trusted to manage
nearly 1.6 million network devices each day and counting. All
ExtremeCloud IQ Pilot subscribers have automatic access to CoPilot,
a new subscription level available within the platform that
delivers explainable AI insights for IT network administrators,
enabling them to more easily monitor highly distributed network
environments.
- ExtremeCloud IQ holds multiple industry-first
designations. It is the only cloud-agnostic network management
solution available on Amazon Web Services, Google Cloud Platform,
and Microsoft Azure; it offers public, private, or distributed
cloud deployment options; and it is the only cloud platform with
unlimited data retention as well as 90-day data
retention.
- To support compliance requirements,
ExtremeCloud IQ is the only cloud network management platform
that is currently ISO 27001, ISO 27017, and ISO
27701 certified. The platform complies with Global Data Privacy
Regulation (GDPR) and all ExtremeCloud IQ
customers retain the ability to delete any of their data at any
time. ExtremeCloud IQ has also attained Level 1 status
in the Cloud Security
Alliance (CSA) Security Trust Assurance and
Risk (STAR) program. The platform has unmatched data sovereignty,
with 17 Regional Data Centers (RDCs) around the world
and a cloud footprint spanning 5 continents in 13
countries.
Executive Perspectives
Chris DePuy, Founder and
Technology Analyst, 650 Group
"Over the past year we
have seen rapid growth in the cloud-managed network services market
as an expanding number of enterprises adopt cloud services. Cloud
and wireless technology are critical for today's working world and
are a necessity for enterprises looking to succeed in the flexible,
distributed environment that exists today. This is a rapidly
growing market where Extreme is punching above its weight, and we
anticipate the market will continue to expand as leading vendors
like Extreme further their cloud offerings."
Wes Durow, Chief Marketing
Officer, Extreme Networks
"The value of cloud services
for today's enterprise cannot be overstated and is reflected in the
fact that cloud is the fastest growing segment of the networking
industry. Extreme's strong position in this market was established
through unsurpassed network automation capabilities, insights, and
performance assurance. We work relentlessly so our customers can
stay ahead of the curve by innovating next generation networking
solutions powered by the cloud. Extreme is proud of this industry
recognition and we look forward to continuing to expand our cloud
offerings, which will enable us continue to earn the trust of
present and future customers."
Additional Resources
- Read the 650 Group report here
- 650 Group Confirms Extreme is a Cloud Networking Leader Blog
Post
- ExtremeCloud IQ Solutions Page
- ExtremeCloud IQ CoPilot Solutions Page
- Extreme is the Fastest Growing Vendor in Omdia 2020
Cloud-Managed Networking Report
- Wi-Fi 6 for Dummies eBook
About Extreme Networks
Extreme Networks, Inc. (EXTR)
creates effortless networking experiences that enable all of us to
advance. We push the boundaries of technology leveraging the powers
of machine learning, artificial intelligence, analytics, and
automation. Over 50,000 customers globally trust our end-to-end,
cloud-driven networking solutions and rely on our top-rated
services and support to accelerate their digital transformation
efforts and deliver progress like never before. For more
information, visit Extreme's website at
https://www.extremenetworks.com/ or follow us on LinkedIn, YouTube,
Twitter, Facebook, or Instagram.
Extreme Networks, the Extreme Networks logo, and ExtremeCloud
are trademarks or registered trademarks of Extreme Networks, Inc.
in the United States and other
countries. Other trademarks shown herein are the property of their
respective owners.
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SOURCE Extreme Networks, Inc.