SECURITY SPENDING MARKET ANALYSIS

Security Spending Market, By Application (Disaster Recovery, Email Security, Web Security, Firewall, SIM, SIEM Network Security), By Deployment Models (On-Premises, Cloud-Based, Hybrid), By Components (Application security, Network security, Endpoint security, Cloud security, Wireless security, Identity and Access Management), By Security Spending Types (Preventive Spending, Detective Spending, Remediation Spending), By End User (Commercial sectors, Government sector, Individuals, Infrastructure facilities, Transportation, Others (Healthcare, Utilities)), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Recent Developments

New product launches

In 2021, Fortinet (a cyber-security company that develops and sells security solutions like firewalls, endpoint security, and intrusion detection systems) launched its new FortiGuard Labs Threat Intelligence Cloud, which provides organizations with access to real-time threat intelligence. The Threat Intelligence Cloud helps organizations identify and respond to threats more quickly.
In 2020, Cisco Systems (which provides information technology and networking services) launched its new SecureX platform, which is designed to simplify and automate security operations. SecureX integrates Cisco's security products and services into a single platform, making it easier for organizations to manage their security posture.

Acquisition and partnerships

In February 2023, Cisco Systems acquired SecureWorks, a provider of threat intelligence and security services. The acquisition will help Cisco expand its security offerings and provide customers with a more comprehensive view of their security posture.
In January 2023, Palo Alto Networks (which offers an enterprise cyber security platform that provides network security, cloud security, endpoint protection, and various cloud-delivered security) acquired Demisto, a provider of SOAR software. The acquisition will help Palo Alto Networks to expand its SOAR offerings and provide customers with a more automated and integrated security solution.
In 2022, Check Point Software Technologies (an American-Israeli multinational provider of software and combined hardware and software products for IT security, including network security, endpoint security, cloud security, mobile security, data security and security management) acquired Hyper proof, a provider of cloud security posture management (CSPM) software. The acquisition will help Check Point to expand its CSPM offerings and provide customers with a more comprehensive view of their cloud security posture.