The Biggest Cyber Security Companies in the World
July 17, 2023, 7 min read
A few decades ago, virtually no one was aware that a field such as cyber security would ever come into existence. Despite this, developments have made it possible to have things like technology, and as a direct consequence, the industry has seen the emergence of new dangers.
In only the past few years, the cyber security business has gone from virtually nothing to a market worth 200 billion dollars, making it one of the fastest-growing industries in the world. According to the most recent forecast made by the research company Fortune Business Insights, the global market for cyber security is anticipated to reach USD 376.32 billion by the year 2029.
Because new dangers appear on the internet daily and the prevalence of online crime continues to rise, there is no indication that the demand for cyber security companies will decrease shortly.
We take a look at some of the most well-known and successful cyber security organizations operating in the globe today in this post.
These organizations almost exclusively focus their operations on the field of cyber security. They not only provide security software as a component of a comprehensive business strategy.
Each of these companies falls into one of three primary categories: software solution providers, service providers, or hybrid security companies offering both solutions and services.
Location: Newton, Massachusets, USA
Founded: 1999
Funds Raised: $570.5M
Employee Number: 1001-5000
In 1999, Alon N. Cohen established the company that would later become known as CyberArk.
CyberArk, an information security firm, provides identity management solutions and trades on a public exchange.
A wide range of industries, including healthcare facilities, the energy industry, retail businesses, financial services, and government agencies, frequently utilize the company’s technology.
CyberArk ensures that only authorized persons can access the most important files in such institutions.
The city of Newton, in the state of Massachusetts, serves as the location of the company’s headquarters. CyberArk had around 2400 employees as of the third quarter of the year 2022. After submitting paperwork to the Securities and Exchange Commission (SEC) for an initial public offering (IPO), CyberArk began trading publicly on the NASDAQ under the ticker symbol CYBR in 2014.
Location: Moscow, Russia
Founded: 1997
Funds Raised: N/A
Employee Number: 1001-5000
Kaspersky Lab is a worldwide corporation that specializes in computer security and has its headquarters in Moscow, Russia. In 1997, Eugine Kaspersky, Alexey De-Monderik, Natalya Kaspersky, and Vadim Bogdanov laid the groundwork for what would become their company. By the year 2020, the corporation has more than 4000 workers under its employ.
Software designed to protect networks and data is the primary offering of the company. Kaspersky Lab established the Global Research and Analysis Team in 2008 to research potential risks to online security. After discovering the computer worms Stuxnet in 2010 and Flame in 2012, which, respectively, damaged 14 businesses in Iran and 1000 to 5000 machines all over the world, Kaspersky Lab became increasingly well-known.
Location: San Franciso, CA, USA
Founded: 2022
Funds Raised: $35M
Employee Number: 1001-5000
FireEye and McAfee’s enterprise were the previous names for what is currently known as Trellix. The corporation is headquartered in Milpitas, located in the state of California in the United States. Originally founded in 2004 under the name FireEye, the company first concentrated on developing virtual machines to download and test internet data. FireEye completed the acquisition of Mandiant in 2013, which was a private firm that offered response services in the event of data breaches.
In 2014, FireEye once again expanded its business by purchasing nPulse, a data security breach startup. In addition, FireEye purchased iSIGHT in 2016, followed by Invotas, a firm specializing in information technology automation. FireEye sold its brand name and product line to Symphony Technology Group (STG) for a total of 1.2 billion dollars in June 2021. Later, in 2022, STG launched Trellix, which resulted from a merger between FireEye and McAfee.
The company offers several pieces of hardware, software, and services to investigate and combat cyber security threats, protect against malicious software, and assess the risks associated with IT security. Email security, endpoint security, cyber security hardware and software, management interface, and file security are some of the goods that this company offers.
Location: San Carlos, CA, USA
Founded: 1993
Funds Raised: N/A
Employee Number: 5001-10000
Check Point is a multinational software firm with headquarters in Tel Aviv, Israel, and San Carlos, California, in the United States. Check Point was founded by Americans and Israelis. In 1993, the business was first established by Gil Shwed, Marius Nacht, and Shlomo Kramer.
FireWall-1 was the first product released by the company, and then VPN-1 came next. During the first decade of the 21st century, Check Point purchased several other information technology companies, one of which was Nokia network security.
The business is concentrating its efforts on its fifth-generation cyber security system, which is referred to as Gen V. This system has its sights set on large-scale and rapid-fire attacks on mobile phones.
Products and services offered by Check Point include, amongst other things, Network security, Data security, threat cloud, Mobile Security, Endpoint Security, Security Management, and Software Defined Protection.
Location: Denver, Colorado, USA
Founded: 2015
Funds Raised: N/A
Employee Number: 5001-10000
Optiv Security, Inc., a privately held information security company, operates from its headquarters in Denver, Colorado. The company emerged through the merger of Accuvant and FishNet Security on February 2, 2015. Currently, KKR & Co., the Blackstone Group, along with a few other investors, jointly hold the majority ownership of Optiv corporation.
Cyber operations and strategies, innovation and integration, risk management, threat management, identity and access management, and cyber digital transformation are all part of Optiv’s service offerings.
Location: Tempe, Arizona, USA
Founded: 1982
Funds Raised: $1.2B
Employee Number: 10001+
Norton LifeLock is a software corporation that was founded in the United States and has its headquarters in Tempe, Arizona. The previous name for this company was Symantec Corporation. On March 1, 1982, Gary Hendrix established the business in the city of Sunnyvale in the state of California. As of the year 2022, the business had a total of 2700 employees.
The distribution of information security software is NortonLifeLock’s primary business focus. Norton Mobile Security, Norton Online Backup, Norton360, Norton Computer Tune Up, Norton Security, and Norton Utilities are some of the goods that this company offers.
Location: Santa Clara, CA, USA
Founded: 1987
Funds Raised: N/A
Employee Number: 5001-10000
McAfee is a multinational corporation that specializes in computer security software and has its headquarters in San Jose, California. McAfee Associates, Inc. was the original name of the company that John McAfee established in 1987; however, in 2017, the company changed its name to McAfee, LLC. The Intel Security Division completed the acquisition of McAfee in February 2011. In 2017, Intel Security and TPG Capital merged their businesses to form a joint venture called McAfee.
Users of computers and mobile devices benefit from the comprehensive suite of products and services offered by McAfee, which provides the highest possible level of protection. Its product lineup includes, amongst others, McAfee Total Protection, McAfee Gamer Security, and McAfee Mobile Security for Android.
Location: Sunnyvale, CA, USA
Founded: 2000
Funds Raised: $89M
Employee Number: 1001-5000
Fortinet is a worldwide firm that specializes in the research, development, and sale of various products related to cyber security. The headquarters of the corporation may be found in Sunnyvale, which is located in the state of California in the United States. In the year 2000, Ken Xie and his brother Michael Xie established their business. By December 2021, the company’s various locations had a combined total of 10,195 employees.
Antivirus software, virtual private networks (VPN), online filtering, antispyware, spam protection, wireless security control, and an intrusion prevention system are all provided by Fortinet. The first major product that Fortinet released was called FortiGate and it was a physical firewall. After that, the company released antivirus software. The Fortinet Security Fabric, FortiSwitch, FortiClient, FortiAnalyzer, FortiManager, FortiSandbox, and FortiWeb are some of the company’s additional products.
Location: Mountain View, CA, USA
Founded: 1986
Funds Raised: N/A
Employee Number: 10001+
Synopsys is a firm specializing in electronic design automation and has its headquarters in the city of Mountain View in the state of California in the United States. This company was initially established in 1986 by David Gregory and Aart de Geus. As of the year 2021, Synopsys had a total of 16,361 employees.
Application security testing is a new offering that Synopsys has recently incorporated into its products and services. Software security, silicon design and verification, software security and quality, and silicon intellectual property are the primary services provided. Simulators built into Synopsys can be used to create and troubleshoot environments for the design of computer chips and systems.
Location: Santa Clara, CA, USA
Founded: 2005
Funds Raised: $65M
Employee Number: 5001-10000
Palo Alto Networks is a multinational cyber security firm that operates out of Santa Clara, California, where the company’s headquarters are located. In 2005, Nir Zuk established the business on his own. As of the 30th of April 2022, Palo Alto Networks has 11,870 employees working for the company.
Products and services offered by this corporation are utilized in over 70,000 organizations located in 150 different countries. The Fortune 100 is comprised of ninety-five of these companies, which includes eighty-five of them. In addition to that, Palo Alto Networks is home to the threat research team known as Unit 42. Palo Alto Networks is well-known for its development of cloud-based software and firewalls, both of which protect users of the internet.
Conclusion
The business security market encompasses a wide range of technologies and systems requiring protection against unauthorized access. While some retailers offer diverse goods, others specialize in specific categories. Before seeking a suitable service provider, analyze your company’s requirements. Despite powerful solutions offered by these vendors, investing time in researching and testing multiple products is essential to find the ideal match for your organization’s cyber security needs.
