Keeping Cyberattacks at Bay: Key 10 Cybersecurity Companies Offering Superior Threat Protection

The growing urbanization and the unforeseen COVID-19 situation have enhanced Wi-Fi infrastructure in both developed and developing economies across the globe. Due to this factor, the incidences of data breaches and phishing have become more prevalent in residential and commercial spaces. Especially in commercial spaces, the highly connected infrastructure has made data highly susceptible to phishing and breaches.

Moreover, to keep fraudsters at bay, businesses are deploying advanced technologies, including machine learning, the cloud, and the Internet of Things, in their business security units. Companies such as IBM Corporation, Cisco Systems, and others are emphasizing the development of advanced solutions based on cloud computing. These services help users detect and mitigate threats quickly. Thus, the incorporation of technologies is augmenting market growth.

As per a report by Fortune Business Insights™, the market for cybersecurity reached USD 172.24 billion in 2023 and is set to reach USD 562.72 billion by 2032 with a CAGR of 14.3% during the 2024-2032 forecast period. Moreover, one of the top cyber security companies; Cisco Systems, Inc. are emphasizing broadening their product offerings with the uptake of emerging technologies, including advanced analytics and machine learning. The company also provides comprehensive internet security solutions pertaining to network-related areas.

Fortune Business Insights™ Profiles Top 10 Key Players in the Cybersecurity Market

1. Cisco Systems, Inc.

Cisco Systems, Inc., based in the U.S., offers technologies and products, such as security, infrastructure platforms, and more, to governments, public institutions, and businesses of all sizes. In addition, it is a provider of a wide array of services, such as advanced services and technical support services. Some of the prominent solutions include web and unified threat management, access and policy, integration and managed services, email security, network and data center security, integration, and advisory. In January 2024, it co-developed security edge services with Kyndryl to aid customers in proactively responding to and addressing cyber incidents while enhancing their security controls.

2. Fortinet, Inc.

Fortinet, Inc., headquartered in the U.S., is one of the top cyber security companies that serves enterprises, small businesses, and communication service providers. Its cybersecurity solutions through its integrated Security Fabric platform entail VPN, web filtering, traffic shaping, intrusion prevention (IPS), antispam, and firewall. Its major offerings are FortiWeb, FortiSandbox, FortiMail, FortiDB, and FortiDDoS. In June 2024, the company inked a definitive agreement for the acquisition of cloud security company Lacework. The acquired company offers an AI-enabled cloud security platform that seamlessly integrates all critical CNAPP services.

3. Proofpoint, Inc.

Proofpoint, Inc. is a U.S.-based company that provides an integrated suite of on-demand security-as-a-service solutions for social media, cloud, web, and email via its hardware & services and subscription business segments. It also offers a security-as-a-service platform that is inclusive of an integrated set of on-demand data protection solutions, such as threat protection, regulatory compliance, secure communication, incident response, eDiscovery, and governance. In April 2023, the company unveiled Aegis Threat Protection for the identification of threat defense and Sigma. This allows organizations to prevent, detect, stop, and defend against malicious email attacks.

4. Microsoft Corporation

Microsoft Corporation is a U.S.-based provider of cybersecurity solutions. Its cloud workload protection platform offers a threat intelligence service that aids in blocking and identifying any malware and threats for any cloud or servers. In addition, it provides an Azure security environment that aids monitoring and protection of cross-cloud resources. Using these services, applications can be run and developed by users through the security cloud. In October 2023, the Cyber Security Agency of Singapore (CSA) and Microsoft Singapore announced that they had inked a deal to enhance cybersecurity foundations and extend international partnerships while protecting Singapore’s cyberspace.

5. IBM Corporation

IBM Corporation is an American multinational technology firm that provides a diverse array of cybersecurity solutions, such as data protection management, application security, visibility and intelligence management, threat management, cloud workload management, cloud network security, security operations, and others. It presently emphasize on revamping and investing in its business platform, which includes IT segments, such as quantum computing, artificial intelligence, and others. In July 2024, it teamed up with Microsoft to aid customers in the simplification and modernization of their security operations.

6. Palo Alto Networks, Inc.

One of the top cybersecurity companies, Palo Alto Networks, Inc. is an American multinational cybersecurity firm that provides security solutions to service providers, enterprises, and government sectors, which include defense & military and research. These security solutions assist in the security of the organization’s confidential information through the safe deployment of applications. Its major offerings are Security subscriptions, Next-Generation Firewall, Prisma Access (SASE), Prisma Cloud, and others. In May 2024, it unveiled a broad partnership with IBM to offer AI-powered security solutions to their solutions.

7. Zscaler, Inc.

Zscaler, Inc. is a provider of cloud-based security solutions and information, such as malware protection services, web security, and others. It caters to a diverse array of industries, such as consumer goods and retail, manufacturing, media and communications, IT & telecommunications services, BFSI, healthcare, airlines and transportation, and education. In May 2024, the company inked a deal with Google on Zero Trust architecture with Chrome Enterprise. This deal unveils the power of Zscaler Private Access to offer secure Zero Trust access to private applications for various devices and websites.

8. Broadcom, Inc.

Broadcom, Inc. is a U.S.-based firm that provides software solutions and products, such as enterprise software and mainframe software. It offers enterprise security software, such as identity access management and privileged access management for risk and fraud recognition and prevention and API security. Recently, it has created a security system to maintain the confidentiality of the user’s proprietary information and credentials. It has an emphasis on the creation of technology related to semiconductors, infrastructure software solutions, and cybersecurity.

9. F5 Networks, Inc.

F5 Networks, Inc. is a U.S.-based technology firm with expertise in multi-cloud management. It is involved in offering solutions, such as servers, storage systems, security, and availability of network applications. Its product offerings are cloud-based Silverline platform, application security, and others. In June 2023, the company announced the expansion of its partnership with Telefonica to launch Web Application Defense services for enterprise customers to enhance the speed and security of app delivery in distributed multi-cloud environments.

10. Check Point Software Technologies Ltd

Check Point Software Technologies Ltd is a multinational provider of combined software and hardware products. It delivers cybersecurity solutions equipped with new Gen V advanced threat prevention methods that offer a multilevel security architecture while protecting networks from unknown attacks. It also offers security management solutions, such as Next Generation Secure Web Gateway, Next Generation Threat Prevention, Next Generation Data Protection, and Next-Generation Firewall. In June 2024, the company unveiled CloudGuard WAF-as-a-Service, which is an automated application firewall that offers groups a completely managed solution.

How Growing Number of E-commerce Platforms Set to Foster the Adoption of Cybersecurity Solutions?

The surging number of e-commerce platforms and technological innovations, including blockchain, cloud, and artificial intelligence, has bolstered internet security solutions in a connected network infrastructure. In addition, e-commerce firms are emphasizing the embracement of network security solutions in their electronic security systems. The rising uptake of these technologies to protect against cyber threats boosts the demand for network security solutions. Thus, the flourishing e-commerce sector is presenting new pathways to the usage of cybersecurity. It will be interesting to note how the acceleration in this sector will unfold in the future to drive the usage of cybersecurity solutions.