117 Silicon Valley companies, and 36 Israeli companies on the definitive list of cybersecurity companies

MENLO PARK, CA, USA, March 1, 2017 /EINPresswire.com/ -- Cybersecurity Ventures announces the Q1 2017 edition of the Cybersecurity 500, a global compilation of leading companies who provide cybersecurity solutions and services.

Worldwide spending on cybersecurity products and services is forecast to eclipse $1 trillion for the five-year period from 2017 to 2021, according to the Cybersecurity Market Report, published quarterly by Cybersecurity Ventures. There are many new entrants as well as M&A, investment and IPO activity, that is constantly changing the vendor and service provider landscape.

The Cybersecurity 500 creates awareness and recognition for the most innovative cybersecurity companies – ranging from the largest and most recognizable brands, to VC backed start-ups and emerging players, to small firms with potentially game-changing technologies, to solution providers poised for growth around productized or vertically focused services.

“For many years, business publications have shared lists of companies of which they recommend readers take note” says Joseph Steinberg, a cybersecurity expert, entrepreneur, author, speaker, and Inc. columnist covering cybersecurity.

“The Cybersecurity 500 gives the same convenience and wisdom to people interested in the cybersecurity industry; IT departments, analysts, journalists, and consumers now have a great list from which to learn about the industry and its current providers” adds Steinberg. “The Cybersecurity 500 list also offers a great window into emerging technologies from newer firms which often solve problems about which everyone knows, but has been unable to address” adds Steinberg.

Cybercrime continues to fuel an expanding cyber market. Cybersecurity Ventures recently predicted that cybercrime damages will cost the world $6 trillion annually by 2021, up from $3 trillion last year.

“There’s a new pecking order in the Cybersecurity 500” says Steve Morgan, founder and Editor-in-Chief at Cybersecurity Ventures. “Human capital has moved ahead of technology when we look at companies. Organizations are struggling through a prolonged labor shortage which has 1 million cybersecurity job openings in 2017, and that will grow to a minimum of 1.5 million by 2019” adds Morgan.

SELECTION CRITERIA

Cybersecurity Ventures continuously looks at new companies for inclusion in the Cybersecurity 500, by soliciting feedback from CISOs, IT security practitioners and service providers, and researching hundreds of cybersecurity events and news sources.

The selection criteria for the Cybersecurity 500 is subjective and includes some or all of the following when evaluating each company:

Cybersecurity Sector (market category)
Problem(s) Solved
Customer Base
Feedback from CISOs and Decision Makers
Feedback from IT Security Evaluators & Recommenders
Feedback from VARs, SIs and Consultants
VC Funding
Company Growth
Published Product Reviews
Demos and Presentations at Conferences
Corporate Marketing and Branding
Media Coverage
Notable Implementations
Founder and Management Pedigree
Interviews with Senior Management

The Cybersecurity 500 does not rank companies by revenues, employees, or annual growth. “We do not think a list of the largest cybersecurity companies is useful to our target audience of cyber and IT security decision makers, evaluators, and recommenders” says Morgan. “They already know who the biggest vendors are. Instead, we give a nod to the hottest and most innovative companies.”

SORTABLE DIRECTORY

The Cybersecurity 500 is both a list and a sortable directory. A link to the corporate website is displayed next to each company that is listed.

The driving force behind the Cybersecurity 500 is providing something useful to the CISOs and security decision makers, evaluators, and recommenders. The compilation lets them search and find specific types of solutions from the most innovative cybersecurity companies in the industry.

Cybersecurity Ventures publishes a new edition of the Cybersecurity 500 each quarter. The revised quarterly editions have new companies coming on the list, others dropping off, and changes to the listing order, to accurately reflect the current hottest and most innovative companies.

ABOUT

The Cybersecurity 500 is published by Cybersecurity Ventures, the world’s leading researcher and publisher of reports covering global cybercrime damage projections, cybersecurity spending forecasts, and cybersecurity employment figures.

Editor-In-Chief
Cybersecurity Ventures
631-680-8660
email us here

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