Top 10 Companies of the Cybersecurity Market

• Published Date: May 15, 2024

What is Cybersecurity?

When there is too much reliance on something, there should be proper security to defy any kinds of threats that it may pose. With we living in the age of computers, the usage of computers has gotten so deep in our lives that the hackers and the fraudsters are also on the lookout for some of the key information of a person or an organization, And, if they are successful in their evil plans than it could prove costly for a person as an individual or an organization.

This is where cybersecurity comes into play, for guarding you against cyber-attacks. The total value of the market will reach USD 352.2 billion by the end of this decade. The top players operating in the industry are as follows.

Cisco Systems Inc.

 Establishment: 1984

Headquarters: U.S.

Website: http://www.cisco.com

The company develops Internet Protocol (IP)-based networking technologies. It is also in the area of routing and switching, along with in advanced technologies for example IP telephony, home networking, security, storage area networking, optical networking, and wireless technology.

Apart from its products, Cisco has various service offerings, such as tech support and advanced services. The company sells its services and products, directly along with through its channel partners, to large companies, service providers, commercial businesses, and consumers. The total revenue of the company till January 2024 was USD 12.8 billion.

Check Point Software Technologies Ltd.

Establishment: 1993

Headquarters: Israel

Website: http://www.checkpoint.com

It provides cyber security solutions to corporate and government enterprises. It also advances, and markets products and technologies for IT security. This company also offers endpoint security, network security, data security, and security. The company offers services and products to enterprises, service providers, financial services, government institutions, education, and consumers. The products are sold through resellers, distributors, OEMs, system integrators and MSPs. The company is operational in North America, MEA, Europe and APAC. The total revenue made by the company in the year 2022 was USD 638 million.

Fortinet Inc.

Establishment: 2000

Headquarters: U.S.

Website: https://www.fortinet.com/

Fortinet is a U.S. based cybersecurity company. It specializes in securing people, devices, and data everywhere. There are more than 50 enterprise-grade products available, offering cybersecurity, whenever there is a need. There is a customer base of over 730,000 people. The total billings of the organization were USD 6.40 billion by 2023. And, if we talk of the total number of patents of the organization. It has got 1299 patents as of 31st December 2023.

Juniper Networks Inc.

Establishment: 1996

Headquarters: U.S.

Website: https://www.juniper.net/

It is a networking and cybersecurity company, which holds expertise in making innovative products and solutions, good enough for meeting the demands of the connected world.

The company also provides network security, Wi-Fi, AI and software-defined networking technologies. It serves various industries for example financial service providers, retail companies, telecom companies, research, government agencies, healthcare, and education institutions. There are more than 10,000 employees in 50 countries and almost USD 5.30 billion revenue by 2022.

Palo Alto Networks Inc.

Establishment: 2005

Headquarters: U.S

Website: http://www.paloaltonetworks.com

The company is a cybersecurity solution provider, based in the U.S it has detected 12.82k exploit attempts, blocked 463.85k malware executions, 1.11 billion new unique objects analyzed, identified 7.02 million new unique attack objects, and 8.16 billion attacks prevented inline by 29th February 2024.

FireEye Inc.

Establishment: 2004

Headquarters: U.S.

Website: https://www.trellix.com/

It is a cybersecurity company offering a single platform mixing innovative security technologies. It was acquired by symphony technologies in 2021. The company provides cybersecurity solutions for the firm for averting and responding to cyber-attacks.

It has got an experience of 350,000+ hours of incident investigations and cyber security consulting every year, and 700+ experienced platform engineers, threat researchers, malware analysts, and investigators.

The International Business Machines Corporation

Establishment: 1911

Headquarters: U.S.

Website: http://www.ibm.com

The International Business Machines Corporation, or IBM integrates tech and expertise, offering infra, software and consulting services.

For 2022, the company made USD 60.5 billion revenue and USD 9.3 billion of free cash flow. The revenue grew at 12% at constant currency in 2022, including around four points from incremental external sales to Kyndryl. The revenue represents more than 50% of IBM’s total revenue. And more than 70% of the annual revenue is in Software and Consulting.

McAfee LLC

Establishment: 1987

Headquarters: U.S.

Website: https://www.mcafee.com/

It is an online security company providing virus alerts and analysis on network security threats, malware, and vulnerabilities of the web. It offers cutting-edge security solutions to consumers, businesses, governments. The cloud security solutions offer protection from online threats.

For home users, it secures mobiles, tablets, PC, laptops etc. It not only provides antivirus and antimalware protection but internet security like spyware, adware, phishing, identity theft.

Trend Micro Inc.

Establishment: 1988

Headquarters: Japan

Website: http://www.trendmicro.com/

It is a company providing network and cyber security solutions. If only the numbers of 2023 are to be talked about, then the threats queries collected in the year were over 6.5 trillion. It is not just about the collection of threat queries, the company blocked over 160 billion threats in 2023 alone.

The company has a customer base of over 500K because of such impressive numbers. There are over 7,000 employees across 65 nations.

Broadcom Inc.

Establishment: 1961

Headquarters: U.S.

Website: http://www.broadcom.com

It is a tech company designing, developing, and supplying semiconductor and infra software solutions. The company makes controllers and ICs, storage adapters, wireless, wired and optical products. It also provides cybersecurity software with an emphasis on systematic cybersecurity, and factory automation.

Its products are used in broadband access, set-top box, telecom equipment, smartphones and base stations, data center servers and storage. The product distribution is done with a network of contract manufacturers, distributors, OEMs, and direct sales.

Coming to a close

With the increasing use of internet all over the world, and also with the development of 5G, the need for cybersecurity is constantly on the rise. And, there will also be no stopping that, as the internet users will only increase.