Global security appliance vendor market share 2012-2023, by quarter

In the second quarter of 2023, Fortinet's market share in the security appliance market stood at 21.3 percent, while Palo Alto Networks occupied 21 percent of the market. Both companies saw an increase in their market share over the course of a year.

IT Security

Information security refers to the practice of managing access to information. By 2023, the information security technology market is estimated to be worth 151.2 billion U.S. dollars worldwide. Analysts have suggested that security trends are being shaped by new markets, such as big data or the internet of things (IoT).

Enterprise Security

Enterprise information security is a complex undertaking, covering computers, servers, routers, and other electronic systems, all of which relies on software, hardware, and information management policies to secure corporate data. Revenue for the corporate web security market worldwide is projected to rise to about 6.8 billion U.S. dollars in 2024, while endpoint security sales are also expected to increase to 16.3 billion U.S. dollars in the same year.