Top Companies in Cybersecurity Market | Industry Leading Players Exclusive Report by VMR
The rise in malware and phishing threats among enterprises, as well as the increased adoption of loT and the BYOD trend, are driving the growth of the cyber security market.
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Upcoming Trends in Cybersecurity Market
The Global Cyber Security Market is valued at USD 217.5 Billion in the year 2021 and is projected to reach a value of USD 374.9 Billion by the year 2028. The Global Market is anticipated to grow to exhibit a Compound Annual Growth Rate (CAGR) of 9.5% over the forecast period. Cybersecurity aims at protecting computers, networks, programs, and data from unauthorized and/or unintended access. Recently, cybersecurity has become important as governments, corporations, and people collect, process, and store vast amounts of confidential information and transmit that data across networks. Virus, malware, and data breaches have become almost commonplace. High-profile cases of cyber hacks have increased the demand for sophisticated software and security products. Companies across the globe are growing more aware of the potential threat which is leading to a greater allocation of resources towards companies that help mitigate such risks.
One way in which investors can get exposure to the cybersecurity industry is through the NASDAQ CTA Cybersecurity Index (NQCYBR). In order to adequately understand the reasons why cybersecurity is important from an investment perspective, it is first vital to understand the growth drivers for cybersecurity as well as the industry outlook. The following research will discuss the growth drivers and industry outlook for cybersecurity and then show the ways in which NQCYBR is poised to capture these positive trends in the cybersecurity industry.
Some of the key players operating in the cybersecurity market are listed below:
|
Company Name |
Revenue in USD |
|
$50 Billion |
|
$27 Billion |
|
$19 Billion |
|
$18 Billion |
|
$2 Billion |
|
$23 Million |
|
$10 Billion |
|
$57 Billion |
|
$15 Billion |
|
$264 Million |
Accenture PLC is an Ireland-based multinational professional services company that specializes in information technology services and consulting. The company generated revenue of USD 50.53 billion in 2021. The company is listed as ACN (NYSE) on the New York stock exchange. The company is a professional services provider with leading capabilities in digital, cloud, and security, combining unmatched experience and specialized skills across more than 40 industries. The company offers strategy and consulting, interactive, technology, and operations services, all powered by the world’s largest network of Advanced Technology and Intelligent Operations centers. The company is located in Dublin, Ireland, and was founded in 1989.
Broadcom Inc. is an American designer, developer, manufacturer, and global supplier of a wide range of semiconductor and infrastructure software products. Broadcom's product offerings serve the data center, networking, software, broadband, wireless, cybersecurity, and storage and industrial market. The company is listed as AVGO (NASDAQ) in the stock exchange market. In 2020, the company had 21,000 employees working and generated revenue of USD 23.89 billion.
Capgemini is a French multinational company situated in Paris, France. The company is a USD 20.05 billion (revenue FY 2021) global market leader in the field of business consulting, technology, and outsourcing services. Capgemini helps its clients by developing their business with the help of technology and digital solutions that fit their needs, thus enabling them to achieve competitiveness and innovation. Capgemini has over 2,00,000 employees in over 40 countries, of which 1,00,000 are in India.
Cognizant is an American multinational information technology services and consulting company. It is headquartered in Teaneck, New Jersey, United States. Cognizant is part of the NASDAQ-100 and trades under CTSH. The company is listed as CTSH (NASDAQ) in the stock exchange market. The company generates around USD 168 billion in 2019 and has 3,30,000 employees working globally. Cognizant holds the majority of employees in India.
F5, Inc. is an American technology company specializing in application security, multi-cloud management, online fraud prevention, application delivery networking, application availability & performance, network security, and access & authorization. The company is listed as FFIV (NASDAQ) in the stock exchange market. In 2021, the company has 6,550 workers.
Trellix (FireEye Inc.) is a privately held cybersecurity company founded in 2004. It has been involved in the detection and prevention of major cyber-attacks. The parent organization is Symphony Technology Group. It provides hardware, software, and services to investigate cybersecurity attacks, protect against malicious software, and analyze IT security risks. The company generates USD 9.4 billion and has 3,400 employees working.
HCL Technologies is an Indian multinational information technology services and consulting company headquartered in Noida. It is a subsidiary of HCL Enterprise. Originally a research and development division of HCL, it emerged as an independent company in 1991 when HCL entered into the software services business. The company is listed as HCL TECH (NSE) on New York Stock Exchange. In 2021 the company generated revenue of USD 111 billion and has around 1,97,777 employees across the globe.
International Business Machines Corporation is an American multinational technology corporation headquartered in Armonk, New York, with operations in over 171 countries. The company generated USD 5,735 Million in 2021. The company is located in Armonk, New York, United States. In 2022, the company has 2,70,000 employees working across its major locations worldwide. The company has various subsidiaries such as Red Hat Software, FileNet, IBM India Private Limited, and various others.
Infosys Limited is an Indian multinational information technology company that provides business consulting, information technology, and outsourcing services. The company was founded in Pune and is headquartered in Bangalore. The company is listed as INFY (NSE) on the New York stock exchange. The company generated USD 4.17 Billion in 2021 and has 2,59,619 employees working across the majority of its locations.
F-Secure Corporation is a global cyber security and privacy company with over 30 offices around the world and is headquartered in Helsinki, Finland. The company was founded in 1988. The company has nearly 30 offices around the globe and a presence in more than 100 countries, with Security Lab operations in Helsinki and Kuala Lumpur, Malaysia. The company is listed as FSC1V (HEL) in the stock exchange market. In 2020, the company generated revenue of USD 1.44 Million and had 1,678 employees working across the globe.
Recent Developments
- Cloud vulnerability continues to be one of the biggest cyber security industry trends. Again, the rapid and widespread adoption of remote working following the pandemic increased the necessity for cloud-based services and infrastructure drastically, with security implications for organizations.
- Research by Capgemini recently found two-thirds of businesses now believe AI is necessary for identifying and countering critical cybersecurity threats, and nearly three-quarters of businesses are using or testing AI for this purpose.
- According to the UK National Cyber Security Centre, there were three times as many ransomware attacks in the first quarter of 2021 as there were in the whole of 2019. And research by PwC suggests that 61% of technology executives expect this to increase in 2022. Once again, we can largely blame this on the pandemic, and the growth in the amount of activity carried out online and in digital environments.
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