Press release
Extreme Extends Leadership Position in New Cloud-Managed Network Services Report from 650 Group
Explosive 101% YoY Growth Highlights Share Gains in Fastest Growing Segment of Networking Market SAN JOSE, Calif., June 29, 2021 /PRNewswire/ -- Extreme
About this update from Extreme Networks, Inc.
[{"type":"text","content":"Explosive 101% YoY Growth Highlights Share Gains in Fastest Growing Segment of Networking Market\n\n\nSAN 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. \n\n \n \n \n \n \n \n\n \nKey Facts\nAccording 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...