Cyber security companies train their models with data from previous attacks to create autonomous systems that can detect if an attack is ongoing based on certain readings. As a result that increases companies’ lead time for an attack and allows them to prepare mitigation and response strategies. Video: How AI is changing the cybersecurity landscape.
Cyber attacks have skyrocketed in the past year, with the average number of weekly attacks climbing 75% globally year-over-year (56% in the U.S.), and, as such, businesses, governments and individuals are racing to protect themselves from these threats. Research forecasts that corporate spending on cybersecurity should grow at a CAGR of 13.8% between now and 2030 (source) and, for investors, this means that companies developing cutting-edge technology to secure networks and data could be positioned for explosive growth and be excellent long-term buys.
eSecutityPlanet.com provides a list of cyber security companies (see here) of which the 5 largest of those companies (i.e. +$20B market capitalization) that focus exclusively on the development and provision of cyber security software are highlighted below.
- CrowdStrike (CRWD):
- Zscaler (ZS):
- Palo Alto Networks (PANW):
- Check Point Software Technologies (CHKP):
- Fortinet (FTNT):
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