Headquartered in Tel Aviv, Israel, Check Point (CHKP) is developing and marketing a range of products and services for IT security worldwide. The company offers network security, endpoint security, data security, and management solutions. On the other hand, CrowdStrike Holdings, Inc. (CRWD) provides cloud-delivered protection across endpoints and cloud workloads, identity, and data. It offers threat intelligence, managed security services, IT operations management, and threat hunting.
Given the accelerated move to cloud computing, the hybrid lifestyle, and rapid digitization have led to many ransomware attacks. With the worldwide resurgence of COVID-19 cases and the Russia-Ukraine war escalating, cybersecurity companies should witness steady demand for their products and services. According to Grand View Research, the global cyber security market is expected to grow at a CAGR of 10.9% until 2028. Therefore, both CHKP and CRWD should benefit.
