According to a Markets and Markets research report, the global cyber security market is expected to grow at a CAGR of 10.2% from $152.71 billion in 2018 to $248.26 billion by 2023. The growth is expected to be driven by the growing need for cloud-based solutions among SMBs. Sunnyvale-based Proofpoint (PFPT) is a cloud-based enterprise email security, e-discovery, and compliance service provider that continues to see strong revenue growth.
Proofpoint's Financials
For recently-announced fourth quarter results, Proofpoint saw revenues grow 35% over the year to $198.5 million, significantly ahead of the market's forecast of