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Cisco, Palo Alto Networks and Fortinet are the leading cybersecurity vendors worldwide. In the first quarter of 2020, Cisco accounted for *** percent of the market share in the cybersecurity industry, while Palo Alto Networks and Fortinet accounted for *** and *** percent respectively. In this quarter, the largest segment in the cybersecurity market by revenue is network security, with a revenue of *** billion U.S. dollars.

Global cybersecurity spending

 â¶Ä¯â¶Ä¯ Worldwide spending on cybersecurity is forecast to grow from 2017 to 2020, increasing from ** billion U.S. dollars in 2017 to ** billion in 2020. The U.S. is the regional market with the most spending on cloud security solutions, with projected expense of almost *** billion by 2021. Next to the U.S. in cloud security solutions expense is Asia pacific and Europe with combined expenses of over **** U.S. dollars in 2021. When ranked according to deployment, hardware is the deployment model that makes up the largest portion of cybersecurity spending worldwide, accounting for ** percent of the projected total spending in 2020. This share is expected to decrease as virtual appliance, public cloud and services are gaining popularity.