Cybercrime is a rising concern, and it’s estimated that the annual price of preventing cyber crime will attain US$10.5 trillion by 2025. Cybersecurity corporations are working to deal with the problem.
As investor curiosity on this probably profitable sector will increase, the Investing Information Community (INN) is profiling the highest 10 largest cybersecurity corporations by market cap from eSecurity Planet’s listing of the highest cybersecurity corporations to observe.
The listing from eSecurity Planet options 20 privately held and publicly traded cybersecurity corporations throughout a spread of inventory exchanges. The agency employed standards equivalent to person critiques, product options and advantages, analyst stories, impartial safety assessments and use instances to guage corporations within the cybersecurity sector.
The most important cybersecurity corporations by market cap proven under are all listed on the NASDAQ and NYSE. Inventory knowledge was present as of market shut on January 9, 2025.
1. Microsoft (NASDAQ:MSFT)
Market cap: US$3.16 trillionShare worth: US$424.56
The most important cybersecurity firm by market cap is Microsoft. The tech big is a serious participant within the cloud safety market, which incorporates cloud native software safety platform (CNAPP) services and products. In truth, Microsoft is the biggest CNAPP resolution supplier, in response to KeyBanc Capital.
Outstanding cybersecurity agency Safety Threat Advisors lately turned a member of the Microsoft Clever Safety Affiliation.
2. Broadcom (NASDAQ:AVGO)
Market cap: US$3.16 trillionShare worth: US$424.56
World know-how agency Broadcom has constructed a big portfolio of embedded and mainframe safety options, in addition to fee authentication software program.
The corporate broadened its choices with the Symantec Enterprise Cloud in November 2019 with the acquisition of the enterprise software program division of Symantec, which has since modified its title to Gen Digital (NASDAQ:GEN). Broadcom’s Symantec choices embody safe entry service edge applied sciences and zero-trust safety.
3. Cisco Programs (NASDAQ:CSCO)
Market cap: US$235.78 billionShare worth: US$59.20
For numerous years now, Cisco Programs has more and more invested in boosting its cybersecurity companies. As we speak, the corporate gives an array of merchandise for cloud safety, endpoint safety and safety analytics. To handle the cybersecurity expertise scarcity, Cisco gives certification applications for IT professionals.
In response to rising safety dangers in AI-powered purposes, Cisco acquired Sturdy Intelligence, an organization specializing in defending AI techniques from vulnerabilities and assaults, in September 2024.
4. IBM (NYSE:IBM)
Market cap: US$206.36 billionShare worth: US$223.18
IBM’s safety division gives prospects a complicated and built-in portfolio of enterprise safety services and products. IBM X-Power helps companies and organizations combine safety options into their on a regular basis capabilities and gives assist with danger evaluation, incident detection and risk response. The corporate is harnessing the ability of AI to fight cybersecurity threats.
In Might 2024, IBM introduced new X-Power Pink testing companies that concentrate on figuring out and mitigating vulnerabilities in generative AI purposes and fashions. Like Cisco, IBM additionally gives cybersecurity certification applications.
5. Palo Alto Networks (NASDAQ:PANW)
Market cap: US$113.41 billionShare worth: US$172.83
Palo Alto Networks payments itself as “the worldwide cybersecurity chief.” The corporate’s safety portfolio contains superior firewalls and cloud-based choices that defend greater than 80,000 organizations throughout their clouds, networks and cellular gadgets.
An instance of its extra lately launched choices embody Prisma Cloud, which integrates AI throughout numerous safety domains, together with community safety, cloud safety and safety operations. In October 2024, Palo Alto expanded its choices to the commercial sector.
6. CrowdStrike Holdings (NASDAQ:CRWD)
Market cap: US$88.36 billionShare worth: US$358.72
CrowdStrike Holdings is a software-as-a-service options supplier. This group of cybersecurity professionals makes use of superior endpoint detection and response purposes and strategies in its machine-learning-powered antivirus safety choices to make sure breaches are stopped earlier than they happen.
That is one other main cybersecurity firm that’s incorporating AI, including it to its safety data and occasion administration (SIEM) choices.
Its new AI-powered capabilities for its Falcon Subsequent-Gen SIEM platform had been first launched in Might 2024, together with the mixing of its Charlotte AI. Then, in July, CrowdStrike introduced its Falcon Full Subsequent-Gen MDR service, which includes knowledge from its SIEM platform and AI capabilities.
7. Fortinet (NASDAQ:FTNT)
Market cap: US$73.61 billionShare worth: US$96.04
Fortinet gives end-to-end cybersecurity infrastructure services and products, equivalent to firewalls, antivirus instruments, intrusion prevention and endpoint safety. The corporate’s cybersecurity platform can tackle vital safety challenges and may defend knowledge throughout digital infrastructure techniques, whether or not in networked, software, multi-cloud or edge environments. Fortinet’s consumer base contains main sports activities groups, together with the Vancouver Canucks NHL hockey group and the Pittsburgh Steelers NFL soccer group.
8. Zscaler (NASDAQ:ZS)
Market cap: US$28.74 billionShare worth: US$187.78
Cloud safety firm Zscaler’s Zero Belief Alternate platform can be utilized to safe user-to-app, app-to-app and machine-to-machine communications over any community. The corporate additionally gives cloud migrating companies. Zscaler is thought for setting the usual within the area of safety service edge, and it claims the Zero Belief Alternate is the world’s most-used safety service edge platform.
In December 2024, the corporate expanded its partnership with IT companies and consulting firm Cognizant (NASDAQ:CTSH) because the pair work collectively to assist enterprises tackle cyber threats by offering a complicated, AI-enabled zero belief cloud safety platform.
9. Verify Level Software program (NASDAQ:CHKP)
Market cap: US$20.15 billionShare worth: US$183.19
Verify Level Software program is a part of the unified risk administration sector, and it gives all kinds of merchandise to guard customers on cellular, networks and the cloud. It additionally gives customers with numerous safety administration companies to forestall future cyber assaults and knowledge breaches.
Verify Level acquired Avanan, a cloud electronic mail and collaboration safety firm, in 2021. On the finish of 2024, technological analysis and consulting agency Gartner acknowledged Verify Level as a frontrunner within the 2024 Gartner Magic Quadrant for E-mail Safety Platforms.
10. Okta (NASDAQ:OKTA)
Market cap: US$14.64 billionShare worth: US$85.46
Okta is an id and entry administration firm that gives cloud software program options for managing and securing person authentication, in addition to constructing id controls into purposes, web site companies and gadgets. The corporate is investing in AI applied sciences to observe buyer indicators and proactively establish potential dangers.
Gartner acknowledged Okta as a Chief within the 2024 Gartner Magic Quadrant for Entry Administration for the eighth consecutive 12 months.
FAQs for cybersecurity
Is cybersecurity a rising trade?
Cybersecurity is a rising trade — in response to Statista, it has a projected CAGR of seven.58 p.c between 2025 and 2029, which can enable it to achieve a market worth of US$271.9 billion. The most important phase inside the cybersecurity market is safety companies, whereas cloud safety is forecast to expertise the quickest progress.
What are the present developments in cybersecurity?
As we speak’s high developments in cybersecurity embody enhancements in stopping and mitigating assaults towards cloud companies, progress in web of issues gadgets, the mixing of synthetic intelligence and machine studying, multi-factor identification and the rising risk of deepfakes. Cybersecurity corporations addressing these present points available in the market might have a bonus in attracting investor consideration.
Which cybersecurity shares pay dividends?
Only a few cybersecurity shares pay dividends; nonetheless, Cisco Programs and Juniper Networks (NYSE:JNPR) are two corporations that supply dividend funds to their shareholders. Each pay quarterly dividends, with Cisco sporting an annual dividend yield of two.7 p.c, whereas Juniper Networks is available in at 2.29 p.c. The typical annual dividend yield for corporations within the total know-how sector is 3.2 p.c.
That is an up to date model of an article first revealed by the Investing Information Community in 2016.
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Securities Disclosure: I, Melissa Pistilli, maintain no direct funding curiosity in any firm talked about on this article.
