Cisco, Palo Alto Networks and Fortinet are the leading cybersecurity vendors worldwide. In the first quarter of 2020, Cisco accounted for 9.1 percent of the market share in the cybersecurity industry, while Palo Alto Networks and Fortinet accounted for 7.8 and 5.9 percent respectively. In this quarter, the largest segment in the cybersecurity market by revenue is network security with a revenue of 3.7 billion U.S. dollars.
Global cybersecurity spending
Worldwide spending on cybersecurity is forecast to grow from 2017 to 2020, increasing from 34 billion U.S. dollars in 2017 to 42 billion in 2020. The U.S. is the regional market with the most spending on cloud security solutions, with projected expense of almost two billion by 2021. Next to the U.S. in cloud security solutions expense is Asia pacific and Europe with combined expenses of over a billion U.S. dollars in 2021. When ranked according to deployment, hardware is the deployment model that makes up the largest portion of cybersecurity spending worldwide, accounting for 38 percent of the projected total spending in 2020. This share is expected to decrease as virtual appliance, public cloud and services are gaining popularity.
Leading cybersecurity vendors by market share worldwide from 2017 to 2020
Characteristic
Cisco
Palo Alto Networks
Fortinet
Check Point
Symantec
IBM
McAfee
Trend Micro
Others
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Website (infotechlead.com), & Canalys. (June 23, 2020). Leading cybersecurity vendors by market share worldwide from 2017 to 2020 [Graph]. In Statista. Retrieved July 24, 2024, from https://www.statista.com/statistics/991308/worldwide-cybersecurity-top-companies-by-market-share/
Website (infotechlead.com), und Canalys. "Leading cybersecurity vendors by market share worldwide from 2017 to 2020." Chart. June 23, 2020. Statista. Accessed July 24, 2024. https://www.statista.com/statistics/991308/worldwide-cybersecurity-top-companies-by-market-share/
Website (infotechlead.com), Canalys. (2020). Leading cybersecurity vendors by market share worldwide from 2017 to 2020. Statista. Statista Inc.. Accessed: July 24, 2024. https://www.statista.com/statistics/991308/worldwide-cybersecurity-top-companies-by-market-share/
Website (infotechlead.com), and Canalys. "Leading Cybersecurity Vendors by Market Share Worldwide from 2017 to 2020." Statista, Statista Inc., 23 Jun 2020, https://www.statista.com/statistics/991308/worldwide-cybersecurity-top-companies-by-market-share/
Website (infotechlead.com) & Canalys, Leading cybersecurity vendors by market share worldwide from 2017 to 2020 Statista, https://www.statista.com/statistics/991308/worldwide-cybersecurity-top-companies-by-market-share/ (last visited July 24, 2024)
Leading cybersecurity vendors by market share worldwide from 2017 to 2020 [Graph], Website (infotechlead.com), & Canalys, June 23, 2020. [Online]. Available: https://www.statista.com/statistics/991308/worldwide-cybersecurity-top-companies-by-market-share/