Market Share of Cybersecurity Software Industry
The global cybersecurity software market is highly fragmented and competitive, comprising several international and regional players. Innovation can bring about a sustainable, competitive advantage to these firms. New fields, such as Big Data and IoT, are reshaping security trends, and the firm concentration ratio is expected to record higher growth during the forecast period. Key players in the market are Cisco Systems Inc., Microsoft Corporation, IBM Corporation, and a few others.
- April 2022 - CrowdStrike and Mandiant have established a strategic alliance to help joint customers investigate, remediate, and defend against increasingly sophisticated cybersecurity events that impact enterprises worldwide. Mandiant will use the CrowdStrike Falcon platform and subscription options for its incident response (IR) services and proactive consulting engagements for joint customers as part of the agreement.
- February 2022 - Check Point Software Technologies has acquired Spectral, a key innovator in developer-first security tools. This acquisition will help the company to extend its cloud solutions, Cloud Guard, with developers' first security platform and provide the broadest range of cloud application security use cases.
Cybersecurity Software Market Leaders
IBM Corporation
Microsoft Corporation
Cisco Systems, Inc.
Check Point Software Technologies
Broadcom, Inc.
*Disclaimer: Major Players sorted in no particular order
