As the digital economy grows, so does digital crime. Data breaches are increasingly threatening digitized businesses. This also implies substantial growth opportunities for the cybersecurity market. At approximately 10% penetration of security solutions, the total opportunity amounts to a staggering $1.5 trillion to $2 trillion addressable market.
Cybersecurity company Fortinet, Inc. (FTNT) looks well-positioned to capitalize on the industry’s growth. The company provides broad, integrated, and automated cybersecurity solutions in several parts of the world. FTNT sells its security solutions to channel partners and directly to various customers.
