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
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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 September 21, 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 September 21, 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: September 21, 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 September 21, 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/