The Cybersecurity Market is expected to grow at a CAGR of 11.2% from 2019 to exceed $300 billion by 2027 wherein, Asia-Pacific cybersecurity market is expected to grow at the fastest CAGR during the forecast period. The growth of this market is driven by the growing adoption of disruptive digital technologies across industries, the increased frequency & sophistication of cyberattacks, and the rising need for data security & privacy. The growing need for cloud-based security solutions among SMEs and the increasing use of AI, ML, and blockchain technologies for cyber defense are expected to create growth opportunities for the players operating in the global cybersecurity market. Additionally, the increasing use of smartphones as an attack vector and 5G technology are prominent trends in the global cybersecurity market.
Here are the top 10 companies operating in Cybersecurity Market
Fortinet, Inc. (U.S.)
Founded in 2000 and headquartered in California, U.S., Fortinet, Inc. is a leading provider of security appliances. The company’s portfolio of security gateways, subscription services, and complementary products comprises network, content, and IoT security for enterprises of all sizes, service providers, and telecommunications carriers. The company operates through three business segments, namely, Product, Security Subscription, and Technical Support & Others. The company’s cyber security portfolio comprises network security, web filtering, web security gateway, enterprise firewall, network security next-generation firewall, VPN, antivirus, email security, unified threat management, and intrusion prevention system.
Cisco Systems, Inc. (U.S.)
Incorporated in 1984 and headquartered in California, U.S., Cisco Systems, Inc. designs and sells a broad range of technologies that power the Internet. Its intent-based technologies adapt to provide customers with highly secure, intelligent platforms for their digital businesses across networking, security, collaborations, applications, and the cloud. The company operates through five business segments – Infrastructure Platforms, Services, Applications, Security, and Others. The company offers advanced technologies such as IP, security, home networking, optical networking, storage area networking, and wireless portals.
Juniper Networks, Inc. (U.S.)
Founded in 1996 and headquartered in California, U.S., Juniper Networks, Inc. designs, develops, and sells products and services for high-performance networks to help customers build scalable, reliable, secure, and cost-effective networks. The company operates through two business segments, namely, Products and Services. Cybersecurity products and services come under the Product segment. Juniper offers solutions, including SD-WAN, switches, routers, web security, cloud security, optical networking, and storage area networking.
Palo Alto Networks, Inc. (U.S.)
Founded in 2005 and headquartered in California, U.S., Palo Alto Networks, Inc. is a global cybersecurity leader engaged in secure digital transformation. The company offers zero-trust network security, cloud security, SASE, security analytics & automation, threat intelligence, and security consulting services. The company operates through two business segments, namely, Product and Subscription and Support. In addition, the company provides cybersecurity and IoT strategies to detect, prevent, and resolve IoT security risks. The company’s cyber security framework includes end-to-end visibility solutions through vulnerability management, asset management, EDR, ZTNA, and NAC.
IBM Corporation (U.S.)
Founded in 1911 and headquartered in New York, U.S., IBM Corporation is an AI leader and one of the largest cybersecurity enterprises. It provides services to enterprises of all sizes and leaders in diverse industries. The company operates through five business segments, namely, Cognitive Solutions, Technology Services & Cloud Platforms, Global Business Services, Systems, and Global Financing. The company offers various solutions, such as SDN, application security, and cloud security.
IBM offers a diverse range of products and services, including artificial intelligence, IoT, cloud computing, and security. Additionally, it has one of the largest workforces in the world.
“Meticulous Research in its latest publication on Cybersecurity Market has predicted the growth of 11.2% during the forecast year 2019-2027”
F5 Networks, Inc. (U.S.)
Founded in 1996 and headquartered in Seattle, U.S., F5 Networks, Inc. provides security services for enterprise-grade apps, both on-premises and across any multi-cloud environment. The company operates through two business segments, namely, Products and Services. The Product segment deals in cybersecurity products and services.
F5 Networks offers application security, infrastructure security, cybersecurity, VPN, SSL, wan, DDoS protection, and web application firewall.
Microsoft Corporation (U.S.)
Founded in 1975 and headquartered in Washington, U.S., Microsoft Corporation is a multinational technology company. The company provides software products such as Internet Explorer, Microsoft Windows OS, Microsoft Office Suite, and Edge Web browser. The company operates through three business segments, namely, Productivity and Business Process, Intelligent Cloud, and Personal Computing. The company provides industry-specific cloud solutions on its only platform with intelligent edge-to-cloud technologies with built-in cyber security, privacy and compliance. The company’s cyber security portfolio comprises cloud protection, endpoint security, security analytics, and vulnerability management.
Imperva, Inc. (U.S.)
Founded in 2002 and headquartered in California, U.S., Imperva, Inc. delivers best-in-class cybersecurity solutions on-premises, in the cloud, and across the hybrid environment. The company operates through three business segments, namely, Product, Network, and Technical Support and Others. Cybersecurity products and services come under the Network segment. Imperva offers application security, regulatory and industry compliance, cloud security, intrusion prevention system, data security, insider threat protection, ransomware protection, data center security and database security.
McAfee LLC. (U.S.)
Founded in 1987 and headquartered in California, U.S., McAfee LLC. is a leading-edge cybersecurity company that provides advanced security solutions to consumers, small and large businesses, enterprises, and governments. The company offers solutions such as endpoint security, data loss prevention, mobile security, encryption, web gateway, server security, web security, and network security.
Check Point Software Technologies Ltd. (Israel)
Founded in 1993 and headquartered in Israel, Check Point Software Technologies Ltd. is a leading provider of cybersecurity solutions. The company specializes in providing network, endpoint, and data security solutions. Also, the company offers a multilevel security architecture called Infinity Total Protection with Gen V advanced threat prevention. This combined product architecture defends an enterprise’s cloud, network, and connected devices.
The company operates through three business segments, namely, Product and Licenses, Security subscriptions, and Software Updates and Maintenance. The company’s cyber security portfolio comprises endpoint protection, data loss prevention, advanced threat prevention, and security compliance.
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Authoritative Research on the Cybersecurity Market – Global Opportunity Analysis and Industry Forecast (2019-2027)
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