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Trend

Cybersecurity

Cyberattacks cost businesses $8 trillion in 2023 and that number keeps rising. AI is making attacks faster and smarter, forcing every company to spend more. Unlike most tech sectors, cybersecurity budgets rarely get cut, even in recessions.

16
companies
14
pure play
2
major beneficiary
Pure Play
Core business is this trend
CRWDCRWD
CRWD
CrowdStrike
Pure Play

Runs the #1 cloud-native endpoint security platform. Protects over 29,000 customers from malware and data breaches. Its Falcon platform collects data from millions of devices to detect threats in real time.

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PANWPANW
PANW
Palo Alto Networks
Pure Play

The largest cybersecurity company by revenue. Sells next-gen firewalls, cloud security, and SOC software. Strategically "platformising" to get customers to consolidate their security spending onto one vendor.

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ZSZS
ZS
Zscaler
Pure Play

Built the zero-trust network architecture that replaces traditional VPNs. All traffic routes through Zscaler's cloud rather than a corporate network, making remote work fundamentally safer.

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OKTAOKTA
OKTA
Okta
Pure Play

Controls identity: who gets access to what. Acts as the front door of corporate security. Every company with remote workers needs identity management, and Okta is the market leader.

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FTNTFTNT
FTNT
Fortinet
Pure Play

Scores 10/10 for Network Security. Also relevant to Cybersecurity and Firewalls.

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NETNET
NET
Cloudflare
Pure Play

Scores 9/10 for Cybersecurity.

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CYBRCYBR
CYBR
CyberArk
Pure Play

Scores 9/10 for Cybersecurity. Also relevant to Identity & Access Management and Zero Trust Security.

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QLYSQLYS
QLYS
Qualys
Pure Play

Scores 9/10 for Cybersecurity. Also relevant to Cloud Security and Vulnerability Management.

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TENBTENB
TENB
Tenable
Pure Play

Scores 9/10 for Cybersecurity. Also relevant to Vulnerability Management and Cloud Security.

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RBRKRBRK
RBRK
Rubrik
Pure Play

Scores 9/10 for Cybersecurity. Also relevant to Cloud Backup & Recovery and Ransomware Protection.

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VRNSVRNS
VRNS
Varonis
Pure Play

Scores 9/10 for Cybersecurity. Also relevant to Data Security and Zero Trust Security.

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CHKPCHKP
CHKP
Check Point Software
Pure Play

Scores 9/10 for Cybersecurity. Also relevant to Network Security and Cloud Security.

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RPDRPD
RPD
Rapid7
Pure Play

Scores 9/10 for Cybersecurity. Also relevant to Vulnerability Management and Managed Detection & Response.

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SS
S
SentinelOne
Pure Play

Scores 9/10 for Cybersecurity. Also relevant to AI Security and Endpoint Detection.

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