25 Fastest Growing Cybersecurity Companies (2024)

FAQs

What are the best upcoming cyber security companies? ›

Analysts say a new wave of startups is taking share from industry incumbents. They include Netskope, Wiz, Snyk, Lacework and Illumio. Analysts say others to watch include Vectra AI, Venafi, Recorded Future, Noname Security, Obsidian Security, Deep Instinct and Skyflow.

High Demand and Job Growth: The U.S. Bureau of Labor Statistics projects a 32% growth rate for information security analyst positions from 2022 to 2032, far exceeding the average. Meaning, you can expect a surge in cybersecurity job openings year after year.

SentinelOne tops the list for being the fastest-growing cybersecurity company in the world. In Q1 2024 their revenue increased 70 percent year-over-year to $133.4 million and annualized recurring revenue (ARR) grew 75 percent year-over-year to $564 million.

Trend 1: Increased Focus on AI and Machine Learning in Cybersecurity. In 2024, AI and Machine Learning (ML) are set to play a more critical role in cybersecurity. AI's advanced data analysis capabilities are increasingly used for identifying and predicting cyber threats, enhancing early detection systems.

Specialization can be a good thing in cybersecurity, with the likes of CrowdStrike, Okta, and OneTrust high on our list. The vendors at the top of the list shouldn't surprise longtime readers — Palo Alto Networks and Fortinet continue to impress us — and a number of other vendors have also withstood the test of time.

The field of cybersecurity is rapidly evolving as a result of technological advancements and the constant evolution of cyber threats. As per Roots Analysis, the cybersecurity market is projected to increase from $215 billion in 2024 to $697 billion by 2035, experiencing a CAGR of 11.3% throughout the forecast period.

1. Wipro Limited: Wipro is one of the leading IT companies that extends cybersecurity-related services to its clients. Wipro hires cybersecurity professionals in various positions, including security engineers, security analysts, and CISOs.

What Are the Top-Paying Cybersecurity Companies? In the current job market, cybersecurity companies like CrowdStrike, Splunk, Palo Alto, and ZScaler pay high salaries. Security consultancy firms like FireEye and Mandiant are top-paying companies too.

What is the hardest field in cyber security? ›

Healthcare Industry: A High-Stakes Target

The healthcare sector has become a prime target for cybercriminals. As per a study, the global healthcare cybersecurity market is projected to reach 35.3 billion by 2028, emphasizing the growing recognition of the sector's vulnerability (Marketsandmarkets, 2023)¹.

Oracle Cloud

Oracle's cloud business has been one of the fastest-growing, with 43% year-over-year growth in Q4 2023. As a “legacy” software company, Oracle has been able to leverage its existing customer base and expertise to grow its cloud offerings.

Microsoft Corporation, Cisco Systems, Inc., IBM Corporation, Palo Alto Networks, Inc., Broadcom Inc. and others are the major players in the global market. Which region held the highest share in the market? North America dominated the market share in 2023.

You can work anywhere - The demand for cybersecurity professionals will grow significantly in the coming years. According to a recent study, the global cybersecurity workforce will need to grow by nearly 3.5 million by 2025.

What Are the Top-Paying Cybersecurity Companies? In the current job market, cybersecurity companies like CrowdStrike, Splunk, Palo Alto, and ZScaler pay high salaries. Security consultancy firms like FireEye and Mandiant are top-paying companies too.