The largest American cybersecurity companies Demonstrate a strong increase in the revenue of this year. And in the last quarter, income should grow even more. It’s all about the predictable increase in the number of hacker attacks and a change in customer preferences in favor of major players with more complex solutions.
“Cybersecurity has become more important than ever due to a quick digital transformation that occurs in different sectors,” said Akshara Bassara, analyst Counterpoint Research.
It is reported that the current leader in the cybersecurity industry is Palo Alto Networks with a 7.9% market share. Fortinet is located right behind it with 6.8%, and closes the top three Cisco leaders with 6.1%.
market distribution in the cybersecurity industry
According to analysts, companies in the industry with the fastest increase in steel income: Palo Alto Networks, whose income for the last quarter grew by 24%, Crowdstrike with an increase of 39%and a record increase in profit by 45%.
The demand for cybersecurity services is heated by increasingly frequent cyberurincents in various fields. According to the analytical company International Data Corporation, global costs for solutions in the field of cybersecurity should increase by 12.1% and reach $ 219 billion by 2023.
Analysts also note that corporate customers seek to reduce the number of suppliers of cybersecurity software in order to reduce costs and provide better protection.
Suppliers who offer a full range of solutions for cybersecurity help their customers to better analyze security data, as well as integrate various applications, optimize costs and improve risk management. Such suppliers include, for example, Palo Alto Networks, Crowdstrike and Fortinet.
Thus, the cybersecurity industry continues to develop and attract the attention of customers and investors. In the conditions of a constant threat of hacker attacks and the need for digital transformation, cybersecurity companies become indispensable partners for business and the state. And companies that can offer comprehensive and innovative solutions have more chances to take leading positions in the market and provide their competitiveness.