How Top 10 Cyber Security companies in the Industry Are Advancing Their End Security Solutions

Digital attacks are infiltrating the IT industry day by day. One of the digital attacks; cyberattacks, are designed and done with the purpose of modifying, destroying, or accessing sensitive information or extorting money. These attacks disrupt normal business functions. In order to counter these attacks, cyber security is designed to protect programs, networks, and systems. Numerous industries, such as BFSI, manufacturing, and healthcare, have been implementing enterprise security solutions in their operations.

As per a report by Fortune Business Insights™, the market for cyber security reached USD 172.32 billion in 2023 and is set to reach USD 424.97 billion by 2030 with a CAGR of 13.8% during the forecast period of 2023-2030.

Fortune Business Insights™ Profiles Top 10 Cyber Security Companies in the Market

1. Cisco Systems, Inc.

Started in 1984, Cisco Systems, Inc. is an American multinational digital communications technology giant. The company specializes in offering superior threat protection, web and unified threat management, network and data center security, access and policy, email security, advisory, integration, and managed services.

In August 2023, Cisco and Kyndryl partnered for the delivery of services on cyber resilience and help in managing and responding to cyber incidents. This partnership is set to help Kyndryl in leveraging Cisco's comprehensive portfolio of networking hardware, software, and equipment.

2. Fortinet, Inc.

Fortinet Inc. conducts its operations in four business domains: cloud security, the Internet of Things, operational technology, security fabric, and network security. The company caters to communication service providers, enterprises, and small businesses.

In August 2023, Fortinet launched FortiGate 90G, which delivers AI-powered threat prevention power and performance efficiency at a low price. It is an SD-WAN appliance with a new Security Processing Unit 5 (SP5) ASIC. This addition will enhance the ability of the company to deliver proper security, analytics, unified management, and FortiGuard AI-powered security services for hybrid networks.

3. Proofpoint, Inc.

With its headquarters in Sunnyvale, California, U.S., Proofpoint, Inc. was founded in 2022 by Eric Hahn. The company is known for offering an integrated solution of on-demand security-as-a-service solutions for the cloud, social media, email, and the web using its subscription and hardware & services business segments.

In April 2023, the company announced its Aegis Threat Protection, Identity Threat Defense, and Sigma Information Protection. This allows businesses to stop, detect, prevent, and defend from threatening email attacks. For this, the company launched a series of innovations for the protection of platform, data, theft, and insider threats. 

4. Microsoft Corporation

Microsoft Corporation is a U.S.-based global technology organization offering cloud security applications. The company’s cloud workload protection platform (CWPP) offers a threat intelligence service that helps in the detection and blocking of any threats and malware for servers or any cloud. The company also offers Azure, which offers a security environment, protects cross-cloud resources, and provides best-practice offerings to users.

In October 2023, Microsoft Singapore and the Cyber Security Agency of Singapore (CSA) collaborated to strengthen the roots of cyber security, expand with international partnerships, and protect Singapore’s cyberspace. This partnership will help analyze and offer intelligence on cyber threats and advance the sharing of information, vulnerabilities, malicious incidents, and campaigns.

5. IBM Corporation

The International Business Machines Corporation, also known as IBM, is one of the American giants in offering cybersecurity solutions, application security, cloud network security, visibility and intelligence management, security operations, threat management, and others.

In March 2023, IBM and Cohesity announced their collaboration to address the critical need of organizations for increased resiliency and data security in hybrid cloud environments. The IBM Storage Defender solution manages data resiliency for mission-critical enterprise applications across the data lifecycle.

6. Palo Alto Networks, Inc.

Palo Alto Networks, Inc. is one of the leading Cyber Security companies, offering solutions to governments, enterprises, and service providers. These solutions help organizations secure their confidential information by safely enabling applications and data running in their networks. The company’s product portfolio includes firewall appliances and software, panorama, virtual system upgrades, subscription offerings, and services. Key cyber security offerings by the company include Next-Generation Firewall, Security subscriptions, Prisma Cloud, Prisma Access (SASE), and others.

In November 2023, Palo Alto Networks completed the acquisition of Talon Cybersecurity, an enterprise browser startup for extending Palo Alto Networks' Secure Access Service Edge (SASE) solution to protect all unmanaged and managed devices.

7. Zscaler, Inc.

Zscaler, Inc. is a cloud security provider located in San Jose, California, offering enterprise cloud security services. The company offers cloud-based information and security solutions, including web security, automated threat forensics and malware protection services. Zscaler’s security platform is developed on multi-tenant and distributed cloud service protocols. The company product portfolio includes Zscaler Internet Access (ZIA), Zscaler Private Access (ZPA) and Zscaler Platform.

In July 2023, Zscaler partnered with Singtel to offer Zscaler’s security solution in Asia. Singtel’s Managed Security Service Edge (MSSE) suite of services comprises post-sales and pre-sales support from cybersecurity resources and experts such as implementation, maintenance and threat mitigation.   

8. Broadcom, Inc.

Broadcom Inc. is a global semiconductor manufacturing company based in the U.S. It offers software products and solutions, including mainframe software and enterprise software. The company’s main focus lies in developing technology that is related to cybersecurity, semiconductor, and infrastructure software solutions. The company offers enterprise security software, including API security, privileged access management and identity access management. The company has newly designed and developed a security system for maintaining the privacy of the user's credentials and proprietary information.

9. F5 Networks, Inc.

F5, Inc. offers solutions, including security, servers, performance and availability of network applications, and storage systems. The company offers application security, distributed denial-of-service (DDoS) protection, cloud-based Silverline platform, and others. The Silverline software-as-a-service (SaaS) is a cloud-based service.

In June 2023, F5 and Telefonica extended their partnership to introduce Web Application Defense services for enterprise customers. This will improve the security and speed of app delivery in distributed multi-cloud environments. 

10. Check Point Software Technologies Ltd.

Check Point Software Technologies Ltd., known in the market as Check Point, is an American-Israeli provider of software and combined hardware and software products. The company provides cybersecurity solutions integrated with new Gen V advanced threat prevention techniques. The company’s product portfolio includes Next-Generation Firewall, Next Generation Data Protection, Next Generation Secure Web Gateway, and Next Generation Threat Prevention.

In March 2023, Check Point Software Technologies launched Infinity Global Services to enable end-to-end cyber resiliency. Check Point's new service offerings improve cybersecurity practices and management, prevent advanced cyber threats, and address the cybersecurity skills gap.

IoT, Big Data, and Cloud: Foundations for the Development of Advanced Cyber Security Solutions 

The trend of integrating the Internet of Things (IoT), Big Data, machine learning, and cloud has been successfully setting its footsteps in cyber security. The rise in IoT solutions is leading to the adoption of advanced technologies in internet security. IBM Corporation, Cisco Systems, and others have been forging ahead in the market with progressive cyber security solutions based on cloud computing. These services are designed on the Analytics as a Service (AaaS) platform, which helps users in mitigating and identifying threats.