Defending Digital Communication
Accelerating digital transformation and adoption of cloud email services worldwide is making companies reorganize their email security architecture, with rising demand for phishing intelligence driving market growth. The global email security market is expected to grow at a compound annual growth rate of 16.2 percent over the next several years, expanding to $6.8 billion by 2025.
Four companies that have excelled as securely protecting web connections and applications have seen their valuations climb over the past year. Akamai’s stock was up 2 percent on a valuation of $16.3 billion; Cloudflare’s stock was up 22 percent on a valuation of $31.02 billion; Qualys’ stock was up 15 percent on a $4.46 billion valuation; and Zscaler’s stock was up 20 percent on a $35.75 billion valuation.
Three companies on our list secured six-figure funding rounds, including: code security tool developer Contrast Security, which raised $150 million on a more than $1 billion valuation; cloud security vendor Netskope, which raised $300 million in a $7.5 billion valuation; and application security vendor Snyk, which raised $530 million on an $8.5 billion valuation.
As part of CRN’s 2022 Security 100, here are 20 web, application and email security vendors that have focused on everything from safeguarding cloud applications to finding bugs in open-source software to thwarting impersonation attacks.