Global security appliance vendor market share 2012-2022, by quarter

In the second quarter of 2022, Cisco's market share in the security appliance market stood at 17.7 percent, while Palo Alto Networks occupied 19.5 percent of the market. Both companies saw an increase in their market share between the fourth quarter of 2020 and the second quarter of 2022.

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). One impact of this has been the shift towards managed security services, resulting in increased revenues of nearly five billion U.S. dollars from security appliances at the end of 2019.

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 4.6 billion U.S. dollars in 2021, while endpoint security sales are also expected to increase to over nine billion U.S. dollars in the same year.