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In this article, you will learn what makes these security vendors the largest players in the market.
COVID-19 has changed the face of security forever. The perimeter defense model, which slowly collapsed, is now completely destroyed. Employees began to work from home, and many of them work in this format all the time. Apps are moving to the cloud at an accelerated pace. Today's corporate security means secure remote access and protection of cloud resources. Therefore, enterprises need to deploy SD-WAN, Secure Access Service Edge (SASE), and zero-trust network access (ZTNA).
Cybersecurity vendors present hundreds of amazing product innovations every year. However, senior executives do not choose the brightest new products. An acute shortage of security professionals and the need to confront rapidly evolving threats are forcing CIOs to engage strategic partners, consultants, and vendors that offer broad platforms. Security directors also prefer managed security and cloud solutions.
Taking these factors into account, we have compiled a list of cybersecurity companies (presented in alphabetical order) that have made strong moves in the past year and have taken influential positions in the field of cybersecurity.
Strong Moves: In May, Cisco acquired Kenna Security, which provides risk-based vulnerability management technology.
The Numbers: Despite Covid-related market and supply chain disruptions, Cisco's annual security revenue increased 7% year over year to $ 3.3 billion.
Outlook: Eric Parisot, Senior Analyst at Omdia, describes Cisco's security landscape as follows: “Cisco remains one of the strongest top-tier competitors in enterprise security today, especially in firewalls. However, Cisco's tremendous advances in cloud security are often overlooked. Umbrella's cloud-based security solution is one of the most popular and fastest growing offerings from the Cisco Security Division. Umbrella combined with other cloud offerings including Threat Grid, Stealthwatch Cloud and Duo, each of which integrates with other Cisco security solutions such as firewalls and network access control solutions, will allow Cisco to maintain a strong position in corporate security in the future. ".
Strong Moves: Acquisition of S2 Systems, a Seattle-based startup that has developed an innovative remote browser isolation solution unlike any other currently on the market. The technology will help protect endpoints from zero-day attacks.
The Numbers: After a successful IPO and a 53% revenue growth in the last quarter, Cloudflare boasts a $ 38.5 billion market cap.
Outlook: Cloudflare, led by founder and CEO Matthew Prince, has a simple and powerful goal of making the Internet a better place. According to Frost & Sullivan analysts, Cloudflare is well positioned to take advantage of the growing need for companies to secure websites and web applications. “The Cloudflare security concept reflects a commitment to securing customer infrastructure without sacrificing performance. Cloudflare is a clear leader in innovation, ”added Frost & Sullivan analysts.
Strong Moves: CrowdStrike acquired Preempt Security, a provider of zero-trust and conditional access technology for threat prevention. In addition, in a $ 400 million spend, CrowdStrike acquired Humio, a provider of high-performance cloud-based log management and observation technologies.
Figures: The company's revenue grew 82% to $ 874 million for the fiscal year ended January 2021. Since its IPO in April 2019, CrowdStrike's shares have surged to around $ 230 per share, bringing the current market capitalization to $ 52 billion.
Outlook: “CrowdStrike started out as a threat intelligence provider and continues to be at the forefront of the industry,” says Forrester. The company's strategy is to expand cloud and mobile vulnerability analysis methods, as well as to continue investing in digital intelligence. Forrester adds, "The surveyed customers using CrowdStrike's Falcon X Elite were extremely impressed with the high level of service provided by dedicated analysts."
Strong Moves: In December, Fortinet bought cloud IT management solutions provider Panopta. In March, Fortinet acquired ShieldX, a cloud and network security provider, and in July, AppSec continuous testing provider Sken.ai.
The Numbers: $ 34 million is the amount Fortinet paid for Panopta.
Outlook: Under the constant leadership of the Xie brothers (Ken and Michael), Fortinet has separated from the cybersecurity community by developing its own ASICs and trying to build an integrated, optimized security framework from the ground up. For example, while its competitors were buying from budding SD-WAN vendors and struggling with integration, Fortinet built its own SD-WAN. Because the do-it-yourself approach can go too far, Fortinet continues to take over vendors whose solutions are filling gaps in the company's portfolio. With the leadership of the Xie brothers, Fortinet is well positioned to take advantage of the transition from a perimeter security model to a new world of remote access, cloud, and zero trust.
Strong moves: In January, IBM acquired StackRox, a container and security software provider for Kubernetes.
The Numbers: According to IBM's annual data breach report, the cost of a data breach rose from $ 3.86 million to $ 4.24 million, the highest average total cost in the report's 17-year history.
Outlook: The list of IBM security products and services can be confusing for anyone. There is a QRadar line. There are X-Force threat research and analysis capabilities. There is a Cloud Pak for Security platform. In March, IBM announced an expanded set of services called IBM Security Services for Cloud. Either way, IBM security products and services are highly rated and align well with the company's broader hybrid cloud goal.
Strong moves: Having got rid of excess assets, Mandia emerges from the shadow of FireEye and can focus exclusively on its core business, completely neutral towards suppliers.
The Numbers: $ 1.2 Billion: The amount a consortium led by Symphony Technology Group (STG) paid for FireEye's threat detection portfolio.
Outlook: According to Forrester analysts Jeff Pollard, Brian Kyme and Joseph Blankenship, "The relationship between the two sides of the business was never equal, and ultimately Mandiant realized that outdated FireEye solutions were holding them back." Forrester analysts add that “Mandiant will continue to move forward by optimizing itself. The separation will enable Mandiant to benefit from its knowledge-based services and develop a managed defense business. "
Figures: $ 10 billion. In January, Microsoft said it had generated more than $ 10 billion in security revenue in the previous 12 months, more than 40% more than last year.
Strong moves: Microsoft continues to fill gaps in its security portfolio with recent acquisitions of RiskIQ and CloudKnox.
The Outlook: By embedding Microsoft Defender in Windows, Microsoft can stay ahead of third-party security vendors. In the past, competitors could claim that their tools were superior to the security features provided by Microsoft. However, this is no longer the case. For example, Gartner ranks Microsoft as a leader in endpoint security and a visionary for the SIEM product, Azure Sentinel. “Both Defender for Endpoint and the protection mechanisms built into Windows 10 have evolved exponentially over the year. In addition, new capabilities have been added to each Windows release to create a coherent set of security layers, ”says Gartner. Microsoft's security platform is cloud-based and helps organizations securely move most of their applications to the cloud.
Strong Moves: In November, Palo Alto Networks announced its intention to acquire Expanse, an attack surface control provider, for $ 800 million. In February 2021, Palo Alto Networks bought cloud security company Bridgecrew for approximately $ 156 million.
Figures: 14 is the number of Palo Alto acquisitions in the last four years.
Outlook: Palo Alto shares jumped after the company announced that it would stop buying (at least temporarily). The company plans to continue integrating recent acquisitions into its product lines and take advantage of the increasing security threats to enterprises. Jefferies analyst Brent Till said, "We believe the network security leader remains well positioned to meet the needs of customers in a hybrid world given its massive investment in cloud security." Mizuho analyst Greg Moskowitz added that Palo Alto "easily owns the strongest array of cloud resources among traditional network security providers."
Strong moves: Positive Technologies plans to go public in the near future. Part of the proceeds is planned to be attracted to expand the portfolio of products and services within the framework of a single platform developed by the company. The company also plans to invest in the development of innovative products at an early stage of development.
Figures: By the end of 2020, Positive Technologies' revenue to RUB 6.2 billion, which is 55% more compared to 2019. Over the past five years, the average growth of the company to 41%. The plan corresponds to 40-50% year-on-year growth, and the new technological direction, according to Positive Technologies forecasts, will increase the current turnover several times in the coming years. Positive Technologies took 15th place in the Forbes ranking of the most valuable companies on the Runet, published at the beginning of the year.
Outlook: The maxPatrol O2 flagship product, thanks to automation and artificial intelligence technologies, will reduce the number of high-level experts to counter cyberattacks “literally to one”. Due to new technologies, the company intends to significantly increase its market share.
Strong moves: Rapid7 recently acquired threat intelligence startup IntSights for $ 335 million. The acquisition will provide Rapid7 customers with a unified threat view, attack surface monitoring and proactive threat mitigation.
The Numbers: $ 335 Million: The amount Rapid7 paid for IntSights.
Outlook: Rapid7 has good prospects for the future. As a cloud platform, Rapid7 is designed specifically for today's hybrid and multi-cloud environments. The company's strengths are analytics and automation - the most important areas for enterprise security organizations. The company offers a managed detection and response service that is critical for understaffed and overstaffed security professionals. Rapid7 is constantly adding new features to its platform. For example, in July, the company launched InsightCloudSec, which combines the cloud and container security capabilities of its recent acquisitions DivvyCloud and Alcide.
Strong Moves: In May, Zscaler agreed to buy Smokescreen Technologies, which provides technology to proactively find new enemy tactics and uses deception technology to confuse opponents.
The Numbers: 59.6% - Zscaler's annualized revenue growth in the last quarter (from $ 110.5M to $ 176.4M).
Outlook: Zscaler is poised to take full advantage of zero-trust security trends, increased remote employee access, and more applications and data in the cloud. Zscaler is positioning itself as more than just a cloud security solution provider, it can also partner with enterprises embarking on digital transformation.
COVID-19 has changed the face of security forever. The perimeter defense model, which slowly collapsed, is now completely destroyed. Employees began to work from home, and many of them work in this format all the time. Apps are moving to the cloud at an accelerated pace. Today's corporate security means secure remote access and protection of cloud resources. Therefore, enterprises need to deploy SD-WAN, Secure Access Service Edge (SASE), and zero-trust network access (ZTNA).
Cybersecurity vendors present hundreds of amazing product innovations every year. However, senior executives do not choose the brightest new products. An acute shortage of security professionals and the need to confront rapidly evolving threats are forcing CIOs to engage strategic partners, consultants, and vendors that offer broad platforms. Security directors also prefer managed security and cloud solutions.
Taking these factors into account, we have compiled a list of cybersecurity companies (presented in alphabetical order) that have made strong moves in the past year and have taken influential positions in the field of cybersecurity.
Cisco
Why Listed: With a series of strategic acquisitions (CloudLock, Viptela, Duo and Thousand Eyes are among the most notable) and an unprecedented ability to integrate new products into its core and network security platforms, Cisco has taken the lead in emerging security areas such as SD-WAN, zero trust and SASE. Gartner called Cisco a visionary in its endpoint security rankings, noting that the Cisco SecureX cloud service brings together security analytics, threat discovery, and threat intelligence in a single view to investigate and respond to threats.Strong Moves: In May, Cisco acquired Kenna Security, which provides risk-based vulnerability management technology.
The Numbers: Despite Covid-related market and supply chain disruptions, Cisco's annual security revenue increased 7% year over year to $ 3.3 billion.
Outlook: Eric Parisot, Senior Analyst at Omdia, describes Cisco's security landscape as follows: “Cisco remains one of the strongest top-tier competitors in enterprise security today, especially in firewalls. However, Cisco's tremendous advances in cloud security are often overlooked. Umbrella's cloud-based security solution is one of the most popular and fastest growing offerings from the Cisco Security Division. Umbrella combined with other cloud offerings including Threat Grid, Stealthwatch Cloud and Duo, each of which integrates with other Cisco security solutions such as firewalls and network access control solutions, will allow Cisco to maintain a strong position in corporate security in the future. ".
Cloudflare
Why the company is on the list: With a modest denial of service blocking asset, Cloudflare has built one of the largest global content delivery networks. Then, by catching the current trends in cloud technology, mobility and remote access, she became a leader in the field of cloud security. Frost & Sullivan says Cloudflare is an innovator in so-called holistic web protection (DDoS prevention, web application firewall, and bot risk management). At the same time, the company does not intend to be satisfied with what has already been achieved. An expansion was recently announced that goes beyond protecting the infrastructure that companies use to access the Internet. New Cloudflare solutions will help protect internal employees who need access to applications hosted on the Internet.Strong Moves: Acquisition of S2 Systems, a Seattle-based startup that has developed an innovative remote browser isolation solution unlike any other currently on the market. The technology will help protect endpoints from zero-day attacks.
The Numbers: After a successful IPO and a 53% revenue growth in the last quarter, Cloudflare boasts a $ 38.5 billion market cap.
Outlook: Cloudflare, led by founder and CEO Matthew Prince, has a simple and powerful goal of making the Internet a better place. According to Frost & Sullivan analysts, Cloudflare is well positioned to take advantage of the growing need for companies to secure websites and web applications. “The Cloudflare security concept reflects a commitment to securing customer infrastructure without sacrificing performance. Cloudflare is a clear leader in innovation, ”added Frost & Sullivan analysts.
CrowdStrike Holdings
Why the company is on the list: The shift in corporate security trends towards cloud endpoint and workload protection, threat intelligence and incident response has allowed CrowdStrike to take the lead with its Falcon platform. Gartner says CrowdStrike "has a strong reputation as a single solution for organizations looking to consolidate their endpoint protection and disaster recovery solutions." In addition, CrowdStrike's professional services “are highly rated and popular with customers without their own SOC / Threat Search teams and customers looking to enhance internal security,” says Gartner.Strong Moves: CrowdStrike acquired Preempt Security, a provider of zero-trust and conditional access technology for threat prevention. In addition, in a $ 400 million spend, CrowdStrike acquired Humio, a provider of high-performance cloud-based log management and observation technologies.
Figures: The company's revenue grew 82% to $ 874 million for the fiscal year ended January 2021. Since its IPO in April 2019, CrowdStrike's shares have surged to around $ 230 per share, bringing the current market capitalization to $ 52 billion.
Outlook: “CrowdStrike started out as a threat intelligence provider and continues to be at the forefront of the industry,” says Forrester. The company's strategy is to expand cloud and mobile vulnerability analysis methods, as well as to continue investing in digital intelligence. Forrester adds, "The surveyed customers using CrowdStrike's Falcon X Elite were extremely impressed with the high level of service provided by dedicated analysts."
Fortinet
Why the company is on the list: From a simple firewall provider, Fortinet has evolved into a full-service security hub. Fortinet is a leader in mission-critical areas such as SIEM (FortiSIEM), next-generation firewalls (FortiGate), SD-WAN, SASE, and zero trust. The ever-expanding Fortinet Security Platform includes intrusion detection and response, web security, sandboxing, advanced endpoints, identity / multi-factor authentication, multi-cloud workload protection, cloud application security broker (CASB), browser isolation, and firewall capabilities web applications ...Strong Moves: In December, Fortinet bought cloud IT management solutions provider Panopta. In March, Fortinet acquired ShieldX, a cloud and network security provider, and in July, AppSec continuous testing provider Sken.ai.
The Numbers: $ 34 million is the amount Fortinet paid for Panopta.
Outlook: Under the constant leadership of the Xie brothers (Ken and Michael), Fortinet has separated from the cybersecurity community by developing its own ASICs and trying to build an integrated, optimized security framework from the ground up. For example, while its competitors were buying from budding SD-WAN vendors and struggling with integration, Fortinet built its own SD-WAN. Because the do-it-yourself approach can go too far, Fortinet continues to take over vendors whose solutions are filling gaps in the company's portfolio. With the leadership of the Xie brothers, Fortinet is well positioned to take advantage of the transition from a perimeter security model to a new world of remote access, cloud, and zero trust.
IBM
Why Listed: IBM is a leader in enterprise-class security with a world-class security operations center, an impressive suite of security products and a fully managed security team. The IBM security portfolio includes the industry-leading QRadar SIEM platform, Guardium platform for data loss prevention, Trusteer fraud protection, X-Force Threat Intelligence, QRadar Network Insights for network detection and response, and QRadar Vulnerability Manager.Strong moves: In January, IBM acquired StackRox, a container and security software provider for Kubernetes.
The Numbers: According to IBM's annual data breach report, the cost of a data breach rose from $ 3.86 million to $ 4.24 million, the highest average total cost in the report's 17-year history.
Outlook: The list of IBM security products and services can be confusing for anyone. There is a QRadar line. There are X-Force threat research and analysis capabilities. There is a Cloud Pak for Security platform. In March, IBM announced an expanded set of services called IBM Security Services for Cloud. Either way, IBM security products and services are highly rated and align well with the company's broader hybrid cloud goal.
Mandiant
Why the company is on the list: Mandiant has established itself as the company you call when a serious violation occurs. A team of highly qualified Mandiant experts will lead your team to help detect and respond to intrusions. Over the years, Mandiant has expanded its offerings beyond consulting. The company's offering now includes SaaS-based security auditing, threat intelligence, and guided detection and response. In 2013, security equipment supplier FireEye bought Mandiant (founded by Kevin Mandia). The combined company was called FireEye, and Mandia became its CEO. There was no fruitful cooperation, in June Mandia announced the sale of FireEye.Strong moves: Having got rid of excess assets, Mandia emerges from the shadow of FireEye and can focus exclusively on its core business, completely neutral towards suppliers.
The Numbers: $ 1.2 Billion: The amount a consortium led by Symphony Technology Group (STG) paid for FireEye's threat detection portfolio.
Outlook: According to Forrester analysts Jeff Pollard, Brian Kyme and Joseph Blankenship, "The relationship between the two sides of the business was never equal, and ultimately Mandiant realized that outdated FireEye solutions were holding them back." Forrester analysts add that “Mandiant will continue to move forward by optimizing itself. The separation will enable Mandiant to benefit from its knowledge-based services and develop a managed defense business. "
Microsoft
Why the company is on the list: Leveraging its huge installed base of Windows, Office and Active Directory clients, Microsoft has created a security platform that integrates with its software portfolio and extends to the Azure cloud. Microsoft offers endpoint protection, identity and access management, security information and event management (SIEM), threat detection, web application gateways, and various Azure-based cloud-based security services.Figures: $ 10 billion. In January, Microsoft said it had generated more than $ 10 billion in security revenue in the previous 12 months, more than 40% more than last year.
Strong moves: Microsoft continues to fill gaps in its security portfolio with recent acquisitions of RiskIQ and CloudKnox.
The Outlook: By embedding Microsoft Defender in Windows, Microsoft can stay ahead of third-party security vendors. In the past, competitors could claim that their tools were superior to the security features provided by Microsoft. However, this is no longer the case. For example, Gartner ranks Microsoft as a leader in endpoint security and a visionary for the SIEM product, Azure Sentinel. “Both Defender for Endpoint and the protection mechanisms built into Windows 10 have evolved exponentially over the year. In addition, new capabilities have been added to each Windows release to create a coherent set of security layers, ”says Gartner. Microsoft's security platform is cloud-based and helps organizations securely move most of their applications to the cloud.
Palo alto networks
Why Listed: Palo Alto Networks, the world's largest security vendor ($ 4.3 billion in annual revenue, 25% year-over-year growth), has been a driving force behind innovation since the first next-generation firewall was released in 2007. Palo Alto today offers a wide range of cloud-based security products and services. Forrester views Palo Alto as a leader in zero trust. Palo Alto's offering is "the most comprehensive offering, offering threat prevention, detection and access control across endpoints, IoT, networking and cloud applications," according to Forrester's endpoint security research.Strong Moves: In November, Palo Alto Networks announced its intention to acquire Expanse, an attack surface control provider, for $ 800 million. In February 2021, Palo Alto Networks bought cloud security company Bridgecrew for approximately $ 156 million.
Figures: 14 is the number of Palo Alto acquisitions in the last four years.
Outlook: Palo Alto shares jumped after the company announced that it would stop buying (at least temporarily). The company plans to continue integrating recent acquisitions into its product lines and take advantage of the increasing security threats to enterprises. Jefferies analyst Brent Till said, "We believe the network security leader remains well positioned to meet the needs of customers in a hybrid world given its massive investment in cloud security." Mizuho analyst Greg Moskowitz added that Palo Alto "easily owns the strongest array of cloud resources among traditional network security providers."
Positive Technologies
Why the company is on the list: Positive Technologies has been creating innovative solutions in the field of information security for 19 years. The company's products and services allow us to identify, verify and neutralize real business risks that may arise in the IT infrastructure of enterprises. Among her clients are government and financial structures, telecommunications, industrial and other companies. Positive Technologies is highly rated by international analytical agencies. The company has been a visionary three times in the Gartner Magic Quadrant on Web Application Security (WAF).Strong moves: Positive Technologies plans to go public in the near future. Part of the proceeds is planned to be attracted to expand the portfolio of products and services within the framework of a single platform developed by the company. The company also plans to invest in the development of innovative products at an early stage of development.
Figures: By the end of 2020, Positive Technologies' revenue to RUB 6.2 billion, which is 55% more compared to 2019. Over the past five years, the average growth of the company to 41%. The plan corresponds to 40-50% year-on-year growth, and the new technological direction, according to Positive Technologies forecasts, will increase the current turnover several times in the coming years. Positive Technologies took 15th place in the Forbes ranking of the most valuable companies on the Runet, published at the beginning of the year.
Outlook: The maxPatrol O2 flagship product, thanks to automation and artificial intelligence technologies, will reduce the number of high-level experts to counter cyberattacks “literally to one”. Due to new technologies, the company intends to significantly increase its market share.
Rapid7
Why the company is on the list: Rapid7, named a leader in the latest SIEM research by Gartner, has created an extensive portfolio of cloud security offerings under the Insight brand. The Rapid7 platform includes threat detection and incident response, vulnerability management, application security, cloud health management, user behavior analytics, network traffic analysis, logging and reporting.Strong moves: Rapid7 recently acquired threat intelligence startup IntSights for $ 335 million. The acquisition will provide Rapid7 customers with a unified threat view, attack surface monitoring and proactive threat mitigation.
The Numbers: $ 335 Million: The amount Rapid7 paid for IntSights.
Outlook: Rapid7 has good prospects for the future. As a cloud platform, Rapid7 is designed specifically for today's hybrid and multi-cloud environments. The company's strengths are analytics and automation - the most important areas for enterprise security organizations. The company offers a managed detection and response service that is critical for understaffed and overstaffed security professionals. Rapid7 is constantly adding new features to its platform. For example, in July, the company launched InsightCloudSec, which combines the cloud and container security capabilities of its recent acquisitions DivvyCloud and Alcide.
Zscaler
Why the company is on the list: Enterprises wanting only secure remote access to cloud services quickly realized the need for additional services: a truly secure cloud access system includes zero trust network access (ZTNA), remote browser isolation (RBI), sandboxing, Firewall as a Service (FWaaS), Data Loss Prevention (DLP), Cloud Access Security Broker (CASB), and other cloud security services. In the latest Gartner analysis of secure web gateways, Zscaler was the only vendor to make it to the top.Strong Moves: In May, Zscaler agreed to buy Smokescreen Technologies, which provides technology to proactively find new enemy tactics and uses deception technology to confuse opponents.
The Numbers: 59.6% - Zscaler's annualized revenue growth in the last quarter (from $ 110.5M to $ 176.4M).
Outlook: Zscaler is poised to take full advantage of zero-trust security trends, increased remote employee access, and more applications and data in the cloud. Zscaler is positioning itself as more than just a cloud security solution provider, it can also partner with enterprises embarking on digital transformation.
