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Publication date: December 19, 2022

Top cyber security vendors in Q3: Canalys

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Palo Alto Networks (8.4 percent share), Cisco (6.9 percent) and Fortinet (6.7 percent) are the top three cyber security vendors during the third quarter of 2022. The other leading cybersecurity vendors include Check Point (3.8 percent), CrowdStrike (3.2 percent), Okta (3.1 percent), Trellix (3.1 percent), Symantec (2.9 percent), Microsoft (2.9 percent), Trend Micro (2.4 percent), IBM (2.3 percent) and Zscaler (2.1 percent).

Cyber security solutions providers such as Check Point, Trellix, Symantec, Trend Micro, and IBM have lost share in Q3 2022.

The cybersecurity market grew 15.9 percent in Q3 2022 to $17.8 billion, though vendors saw a tightening in the SMB sector.

Palo Alto Networks was the number one cybersecurity vendor, growing 24.9 percent and increasing its market share to 8.4 percent, up from 7.8 percent in Q3 2021.Cisco was the second-largest cybersecurity vendor, with growth of 16.7 percent and a flat market share of 6.9 percent.Fortinet placed third in the […]

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