The use of technologies, processes, and policies to defend and safeguard systems, servers, mobile devices, and data from fraudulent actions and harmful attacks is known as cybersecurity, or information technology security, in the popular sense. Cybersecurity, often known as computer security, is a technique for protecting vital systems and private information from online threats. The importance and need for cybersecurity solutions have grown in the modern world due to a greater reliance on computer systems, the Internet, wireless networks, and the expanding prevalence of intelligent gadgets and IoT-enabled products.
The number of systems at risk has dramatically expanded due to the quick expansion in computer systems and growing reliance on them by individuals, corporations, enterprises, and governments. Cyberattacks and malicious data breaches frequently target large organizations, industrial machinery, airlines, autos, and financial institutions. Additionally, with the rapid growth of the Internet of Things (IoT), cyberattacks are predicted to become a more significant concern than physical threats. In many ways, the Internet has shrunk the world, but it has also exposed it to various complex influences. Cybersecurity is the defense and defense against cyberattacks offered by systems connected to the Internet, including hardware, software, and data.
Data breaches are becoming more frequent each year, contributing to the rapid growth of the worldwide cyber threat. According to a security assessment, almost 7.9 billion records were uncovered in data breaches in the first few months of 2019, with medical services, retailers, and public institutions being the most frequent targets. As the world moves toward a more digital approach, cyber risks are anticipated to grow tremendously over the upcoming years, raising global spending on cyber-security solutions. The size of the global cyber security market, according to Emergen Research, is anticipated to reach USD 311.73 billion in 2028 and post a CAGR of 7.6% over the forecast period.
Cybersecurity is now more crucial than ever for the internet era to remain regulated and safe for consumers. Thanks to cybersecurity solutions, data, information, and entire enterprises are protected from cybercriminals, fraudsters, and harmful hackers.
Here are the world’s leading ten most prominent Companies in the Cybersecurity Market by Revenue:
- Microsoft Corporation – Revenue [US$143.02 Billion]
Microsoft is an American information technology company that offers various services with a full suite of cybersecurity, identity, and security features. A wide range of security and identity services, such as strategy, planning, implementation, and support, are included in the services. These services are made to help businesses adopt security solutions that support their operational objectives. By thoroughly evaluating the defense-in-depth concept, which is the execution of layered defenses, Microsoft Security Risk Assessment (MSRA) is specifically created to assist organizations in overcoming problems and assessing the effectiveness of the security policy deployed.
- ScienceSoft – Revenue [US$25 Million]
ScienceSoft, a provider of cybersecurity services, was founded in 1989. It provides defense against all cyber threats, including advanced persistent attacks and detection and response.
Senior software developers, Certified Ethical Hackers, cybersecurity and DevSecOps engineers, and compliance consultants comprise the ScienceSoft team. They create and maintain cloud-based security infrastructures, test complex IT systems and applications for cybersecurity flaws, and offer doable suggestions on strengthening cybersecurity posture.
ScienceSoft assists organizations in achieving, verifying, and maintaining compliance with HIPAA, PCI DSS, SOX, SOC T1/T2, GDPR, GLBA, and other security standards. ScienceSoft is skilled in IT security for healthcare, banking and finance, retail, manufacturing, and over 25 other industries. ScienceSoft is accredited with ISO 9001 and ISO 27001, which attests to the vendor’s commitment to quality and complete data security.
- IBM – Revenue [US$76.2 Billion]
International Business Machines (IBM) Corporation, a multinational corporation headquartered in the United States, focuses on cloud computing, artificial intelligence, and other cutting-edge technology. IBM offers one of the most extensive consulting and managed security services selections. Large businesses can take advantage of the excellent security solutions offered by IBM Security Services, such as zero trust. To speed up their business transformation, IBM Security Services helps enterprises and organizations evaluate and understand risks, improve resources, quickly detect and respond to threats, and strengthen security priorities. IBM uses Watson, AI, and machine learning to quickly identify and address cyber threats.
- Cisco Systems, Inc. – Revenue [US$49.3 Billion]
Cisco Systems is an American multinational technology company that develops and markets cutting-edge products in addition to network and telecommunications gear. The business specializes in numerous IT sectors, such as energy-related services, IoT, and domain security. Cisco cybersecurity solutions are specially made for small and medium-sized businesses (SMBs) and have a high rate of malware, exploit, and evasion detection. They can detect 100% of attacks in under 5 minutes. Cisco Start is a flexible security product set that protects endpoints, networks, and the cloud. One of these is Cisco Umbrella, a security solution offered via the cloud that serves as the first line of defense against malware and other online dangers. Before a reliable connection can be made, it leverages the Internet as an interface and eliminates dangers. Small and medium-sized enterprises can use the Unified Threat Management (UTM) solution Cisco Meraki® MX Security Appliances provides. Businesses and organizations are safeguarded by AMP Solutions before, during, and after a cyberattack.
- Oracle Corporation – Revenue [US$39.07 Billion]
Oracle Corporation, a multinational computer technology business headquartered in California, creates and markets database software and technologies, cloud-based platforms, and tools for database development and systems. Oracle’s options improve security for sensitive and valuable data stored in the cloud and on-premises infrastructure. To assist businesses in defending their infrastructure, applications, and data against online threats and attacks, Oracle Cloud Infrastructure provides cloud-based systems with better security. Additionally, these solutions comply with the General Data Protection Regulation of the European Union and the California Consumer Privacy Act’s compliance requirements. Oracle Cloud Infrastructure and autonomous databases protect enterprises by continuously monitoring user activity and encrypting data at all times.
- Juniper Networks – Revenue [US$4.44 Billion]
Juniper Networks, Inc. is an American multinational enterprise leading provider of cloud-based services and networking technologies worldwide. Juniper Security Solutions provides improved visibility, intelligence, and enforcement through its wide range of solutions and services. In order to expand security across all network endpoint services, including next-generation firewalls for on-premises and cloud architecture, advanced threat prevention, threat intelligence, management, analytics, and security analysis are provided. Juniper vSRX Virtual Firewalls provide high flexibility, efficiency, and improved performance for AWS, Google Cloud, Azure, IBM Cloud, and Oracle Cloud systems.
- Synopsys – Revenue [US$3.69 Billion]
Software security and quality are provided by Synopsys, an electronic design automation business based in the United States. Throughout the application life cycle, Synopsys products assist enterprises in managing security and quality concerns effectively. It enables businesses to create an extensive AppSec program that spans the entire corporation, guaranteeing that personnel, procedures, and technology can ward off online threats and assaults on the software that powers the company.
- Palo Alto Networks – Revenue [US$3.4 Billion]
The leading cybersecurity firm Palo Alto Networks, Inc., is in the US and provides advanced firewalls and cloud-based services to increase protection. Palo Alto Networks provides automated delivery of improved security solutions across cloud and network infrastructure, enabling enterprises to detect and mitigate successful intrusions. The “Cyber Threat Alliance” was established in 2014 by Palo Alto Networks, McAfee, Fortinet, and Symantec. It is a non-profit organization that aims to enhance cybersecurity worldwide by fostering collaboration and partnerships between cybersecurity companies through sharing cyber threat intelligence. The company unveiled the K2-Series, a 5G-ready next-generation firewall, in 2019. It was created exclusively for telecom service providers and was planned with IoT and 5G infrastructure needs. The continuous security platform Cortex, built on artificial intelligence (AI), was introduced that year.
- McAfee – Revenue [US$2.90 Billion]
One of the top security software companies in the world is McAfee Corp., with headquarters in California, United States. McAfee primarily creates digital security technologies for mobile, server, and desktop PCs. The network-based intrusion prevention sensor device McAfee IntruShield, now known as McAfee Network Security Platform, is primarily used to stop malware, spyware, DoS assaults, and zero-day threats. Antivirus, firewall, anti-spyware, and anti-ransomware features are all available with McAfee LiveSafe. It provides cutting-edge security solutions to identify, guard against, and eliminate threats on any device. McAfee’s Advanced Cyber Threat Services assist businesses in preventing threats, developing robust security protocols, and safeguarding sensitive information.
- Fortinet – Revenue [US$2.59 Billion]
Fortinet is an American multinational firm that protects significant corporations, service providers, and governmental organizations worldwide. Fortinet provides seamless, brilliant security against a large attack surface. One of the most effective cybersecurity platforms in the market, Fortinet Security Fabric architecture provides security that addresses essential security concerns. It is supported by FortiOS and explicitly created for a significant threat surface to offer enterprises superior and integrated security to secure and streamline their IT infrastructure. It continuously evaluates the threats and makes the necessary adjustments automatically to provide complete real-time protection over the cyberattack surface.
