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Palo Alto Networks and McAfee, LLC hold a significant share of over 5% in the digital security control industry. Palo Alto Networks holds a major market share in the digital security control industry due to its comprehensive suite of advanced cybersecurity solutions, including next-generation firewalls, cloud security, endpoint protection, and threat intelligence. Their innovative approach to security, continuous product development, and strong customer focus ensure effective protection against evolving cyber threats, making them a leader in the cybersecurity industry.
McAfee, LLC holds a significant market share in the digital security control market because of its long-standing reputation for providing robust antivirus and security solutions. McAfee offers a comprehensive range of products that protect consumers and businesses from malware, phishing attacks, and other cyber threats. Their integrated, multi-layered security solutions across various platforms and devices solidify their position as a trusted leader in cybersecurity.
Major companies operating in the digital security control industry are:
The software component segment held over 40% of the market share in 2023, driven by high demand for security software that can protect data in the cloud, ensure safe data transmission, and manage user access.
The market size of digital security control reached USD 20 billion in 2023 and will record over 12.5% CAGR between 2024 and 2032, led by the expansion of digital infrastructure.
North America market held a share of over 30% in 2023, propelled by a rise in cyber threats and attacks targeting organizations.
Palo Alto Networks, McAfee, LLC, CrowdStrike, Inc., Cisco Systems, Inc., Fortinet Inc., Thales, and NEC Corporation among others.