Top 12 Companies in the Global Cyber Security Market, Protecting Against Rising Cyber Attacks

Cisco Systems, Inc., Palo Alto Networks, Inc., Fortinet, Inc., Broadcom inc., Trend Micro Inc, IBM Corporation, Microsoft Corporation, Check Point Software Technologies Ltd., McAfee Corp, CrowdStrike Holdings, Inc., Sophos Ltd., and ESET, spol. s r.o., among others, are the key players in the global market for cyber security.

As per the analysis by Expert Market Research, the global cyber security market is expected to grow at a CAGR of 10% in the forecast period of 2022-2027, owing to the increased expenditure on security solutions and services.

Some of the factors driving the market expansion include the proliferation of smart devices, the deployment of cloud solutions, and the rise in cyberattacks with the emergence of e-commerce platforms. With the increased use of devices with intelligent and IoT technology, cyber risks are predicted to evolve. In order to detect, mitigate, and reduce the danger of cyberattacks, enterprises are therefore anticipated to acquire and install advanced cyber security solutions, which will spur the cyber security market expansion.

AI-powered security solutions are being developed by cyber security firms to assist businesses in automating their IT security. By enabling automated threat detection and mitigation, these solutions let IT professionals spend less time and effort detecting malicious behaviours. These technologies provide real-time monitoring, new threat detection, and autonomous response. This lowers security incident expenses by enabling security teams to study the information about breaches that has been filtered, facilitating faster identification and addressal of cyberattacks.

North America currently dominates the global cyber security market and is expected to continue to do so in the forecast period. The existence of well-known security firms with worldwide and regional offices in the United States can be credited with driving the market for cyber security solutions. The market is also expanding due to increased spending on security solutions and services by both major businesses and small and medium-sized businesses. Additionally, stricter standards and laws governing data privacy and protection are a factor in the expansion of the local business.

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Top 12 Global Cyber Security Companies:

Cisco Systems, Inc.

Internet solutions that allow networks to function are made possible by Cisco hardware, software, and service offerings, enabling quick access to information whenever and wherever it is needed. Cisco enables businesses to protect and automate operations, connect and monitor devices, and compute and manage data.

Palo Alto Networks, Inc.

A leader in cybersecurity globally, Palo Alto Networks is defining the cloud-centric future with technology that is revolutionising how people and businesses function. With ongoing innovation that takes use of the most recent developments in artificial intelligence, analytics, automation, and orchestration, the organisation contributes to addressing the greatest security concerns facing the world. By providing an integrated platform and empowering a growing community of partners, it is a leader in safeguarding tens of thousands of businesses across clouds, networks, and mobile devices.

Fortinet, Inc.

Next-generation firewalls and network security solutions for businesses are offered by Fortinet Inc. (Fortinet). The business streamlines IT infrastructure and offers defence against security risks. It offers carriers and MSSPs products for data centres, enterprises, distributed offices, network access, application security, and security management. The business also offers training services.

Broadcom Inc.

With its headquarters in San Jose, California, and a history of innovation, teamwork, and engineering excellence spanning 50 years, Broadcom Inc. is a corporation that leads the world in infrastructure technology. Broadcom concentrates on innovations that link up the world. Technology leadership, market-leading semiconductors, and infrastructure software solutions are the main areas of focus for Broadcom. Serving the most prosperous businesses in the world, the company leads in a number of product categories.

Trend Micro Inc

The company Trend Micro Incorporated develops software for cyber security. With its security platform, the company makes the globe a safer place for the exchange of digital information. Trend Micro Antivirus+ Security offers crucial internet security for PCs. It protects against spam, viruses, malware, spyware, and ransomware with Antivirus+ Security, which uses Advanced Artificial Intelligence Learning technology.

IBM Corporation

The most well-known IBM services and products include cloud computing, data analytics, and computer hardware and software. To speed up business transformation, IBM Security Services assists with risk quantification and understanding, resource expansion, threat detection and response, and alignment of the organisation's security priorities.

Microsoft Corporation

Microsoft Corporation, founded by Bill Gates and Paul Allen, is one of the most powerful multinational corporations in the world. The company offers a wide range of services, such as consultancy, cloud-based solutions, and solution support. Microsoft works to have laws and regulations enforced globally for cybercrime. This effort promotes consistency and coordination for better enforcement and deterrence, identifies new ways to catch cyber criminals, and lessens the effects of cybercrime on its clients.

Check Point Software Technologies Ltd.

Check Point Software Technologies Ltd. is a leading provider of cyber security solutions to businesses and governmental organisations on a global scale. Solutions from Check Point feature an industry-leading catch rate for ransomware, malware, and advanced targeted threats, defending against latest cyberattacks. The "Infinity Total Protection with Gen V advanced threat prevention" layered security architecture from Check Point safeguards an organisation's cloud, network, and mobile devices.

McAfee Corp

McAfee is an industry leader in online security. The company prioritises safeguarding people over protecting technology. McAfee provides antivirus, cloud, and endpoint security solutions that defend against cyberattacks for consumers, businesses, and governments.

CrowdStrike Holdings, Inc.

Leading global cybersecurity company CrowdStrike has transformed contemporary security with one of the most cutting-edge cloud-native solutions available for protecting endpoints and cloud workloads, identity, and data. Using threat intelligence, real-time attack indicators, evolving adversary tradecraft, enriched telemetry from across the enterprise, and elite threat hunting, the CrowdStrike Falcon® platform provides superior protection.

Sophos Ltd.

Global pioneer in next-generation cybersecurity, Sophos shields millions of customers in more than 150 countries and over 500,000 businesses from latest cyberthreats. To protect users, networks, and endpoints from ransomware, malware, exploits, phishing, and a wide range of other threats, Sophos offers a broad array of cutting-edge products and services. Threat intelligence, AI, and machine learning from SophosLabs and SophosAI support these products and services.

ESET, spol. s r.o.

ESET, one of Europe's leading providers of cybersecurity technologies, sells firewall and antivirus software. It offers dependable security solutions with many layers of cutting-edge technology that can find, stop, and get rid of malware that is deeply installed, shield users from ransomware, spyware, spam, phishing, and other social engineering tactics, and provide protection.