Fortinet, Inc. · NASDAQ:FTNT
Fortinet — Investor Day (2021)
30 slides from Fortinet's investor day presentation, 2021
Slide 1: John Maddison, CMO & EVP Products
John Maddison CMO & EVP Products
Slide 2: Who is Fortinet?
Fortinet a global leader in broad, integrated and automated cybersecurity solutions Who is Fortinet? OUR VISION OUR MISSION Fortinet is one of the world’s top cybersecurity brands, Making possible a is to secure people, delivering broad, integrated, digital world you can devices, and data and automa
Slide 3: One Opportunity - TAM $93B+ by 2024
One Opportunity - TAM $93B+ by 2024 2020: $65B, Growing 4YR CAGR of 9.7% Network Security User/Device Security Cloud Security Security Ops $14B $48B $14B $18B VPN ZTNA WAF ADC Threat Intel OT NAC IAM CWPP SEG SOAR SIEM 5G Network Firewall CASB Endpoint Switching Web (SASE) NPMD (NOC) Wireless SD-WAN
Slide 4: Market Growth Drivers
Market Growth Drivers User/Device Cloud Security Network Security Security Ops Security Cloud Edge (SASE) WFH Hybrid SD-WAN EDR/XDR/MDR IOT Cloud Networking Cross Cloud SOC Automation OT 5G Distributed/Edge AI/ML ZTNA AIOps Native Zero Trust Access Security-driven Networking Adaptive Cloud Security
Slide 5: Accelerated convergence of Networking and Security
Accelerated convergence of Networking and Security Security-driven Flexible, anytime and anywhere security Networking across all network edges © Fortinet Inc. All Rights Reserved 5 © Fortinet Inc. All Rights Reserved. 5
Slide 6: Network Security Landscape
Network Security Landscape Market Guides Magic Quadrants Market Guides (Dynamic) (Buying Center) (Static) NPMD Network IPS SD-WAN Firewall Switching DEM SWG & Wireless SASE Gartner Sources: Magic Quadrants and Market Guides 2019/2020 © Fortinet Inc. All Rights Reserved. 6
Slide 7: Network Security TAM
Network Security TAM Market grows from $37.9B 2021 to $47.7B in 2024 @ 9.3% CAGR 2021 2024 NPMD NPMD 7% 8% Wireless Wireless 17% Firewall 16% Firewall 36% 35% Switching Switching 20% 19% IPS IPS 3% 2% SD-WAN SD-WAN SWG 7% SWG 9% 10% 11% Gartner Sources: Forecast: Information Security and Risk Manage
Slide 8: SASE is a Percentage of Existing Markets
SASE is a Percentage of Existing Markets 2021 - $4.5 B 2024 - $11B ZTNA ZTNA 13% 9% SD-WAN CASB SD-WAN CASB 29% 12% 31% 9% FWaaS 11% SWG FWaaS SWG 34% 14% 38% Gartner Sources: Forecast Analysis: Gartner’s Initial Secure Access Service Edge Forecast – Aug 6 2020 © Fortinet Inc. All Rights Reserved. 8
Slide 9: Network Security Markets
Network Security Markets Gartner Magic Quadrants Market Fortinet Palo Alto CKPT Cisco VMware Microsoft Symantec McAfee HPE Zscaler Others Network Huawei Firewall SWG ForcePoint SD-WAN Versa WLAN/LAN Extreme Juniper Gartner Market Guides Market Fortinet Palo Alto CKPT Cisco VMware Microsoft Symantec
Slide 10: Security-driven Networking Vision
Security-driven Networking Vision Convergence of Networking and Security Enterprise Networking Enterprise Security At Platform At All Edges All Edges Cloud Edge DC Edge LAN Edge Content Web User Security Security Security AIOps WAN Edge LTE Edge OT Edge Device Advanced Bundles Security SOC/NOC Netwo
Slide 11: Need to Protect All Network Edges
Need to Protect All Network Edges Single Policy Security-driven Networking 5G Engine LTE Edge Cloud Off-Net Edge Edge Travel SaaS Users Cloud Edge Switch WAN IaaS Edge Edge Campus Internet Endpoints Edge Internet WiFi WAN Edge Edge DC Mobile Branch Edge DC Compute Home Edge IoT Edge OT Edge Edge WFH
Slide 12: FortiSASE Product Offering
FortiSASE Product Offering Cloud-native security for all Access Edges Data IaaS SaaS Application aaS Center • Digital Experience Monitoring Network aaS Peering Monitoring FortiCASB Secure NGFW Integrated • Enterprise Class Security aaS Web ZTNA Security Gateway FortiGate FortiExtender FortiClient SD
Slide 13: Zero Trust Access
Knowing and controlling everyone and everything on Zero Trust and off the Zero Trust Access network Access Users and Device Security © Fortinet Inc. All Rights Reserved © Fortinet Inc. All Rights Reserved. 13
Slide 14: Zero Trust Access Landscape
Zero Trust Access Landscape Market Guides Magic Quadrants Market Guides (Dynamic) (Buying Center) (Static) Access NAC ZTNA Manage ment OT Security Gartner Sources: Magic Quadrants and Market Guides 2019/2020 © Fortinet Inc. All Rights Reserved. 14
Slide 15: Zero Trust Access TAM
Zero Trust Access TAM Market grows from $11B 2020 to $14.2B in 2024 @ 6.6% CAGR VPN/ZTNA Identity client VPN/ZTNA Identity client Access 40% Management Access 44% Management 45% 52% IoT Security IoT Security 8% 11% Gartner Sources: Forecast: Information Security and Risk Management, Worldwide, 2018-
Slide 16: User and Device Security Markets
User and Device Security Markets Market Fortinet Palo Alto CKPT Cisco VMware Microsoft Symantec McAfee HPE Zscaler Others Access OKTA Management Ping PAM CyberArk BeyondTrust Gartner Market Guides Market Fortinet Palo Alto CKPT Cisco VMware Microsoft Symantec McAfee HPE Zscaler Others ZTNA NetScope
Slide 17: ZTNA Use Case Requires a Platform Approach
ZTNA Use Case Requires a Platform Approach Multivendor Approach Platform Approach MFA FortiToken 4 Contextual Authentication Engine FortiEMS FortiAuthenticator 5 DC DC 2 3 EDR FortiEDR 1 Access Proxy FortiOS ZTNA Agent Cloud FortiZTNA (Campus) Cloud (DC) (Cloud) (SaaS) © Fortinet Inc. All Rights Res
Slide 18: Appendix
ACCELERATE 2021 Appendix
Slide 19: Secure Any Application On Any Cloud
Secure Any Application On Any Cloud Cloud Security Adaptive Cloud Adaptive Cloud Security Security © Fortinet Inc. All Rights Reserved © Fortinet Inc. All Rights Reserved. 19
Slide 20: Cloud Security Landscape
Cloud Security Landscape Market Guides Magic Quadrants Market Guides (Dynamic) (Buying Center) (Static) CWP WAF Email DDoS CASB ADC Innovations Insights Solution Comparison Micro- CSPM segmentation Gartner Sources: Cloud Security Magic Quadrants and Market Guides 2019/2020 © Fortinet Inc. All Rights
Slide 21: Cloud Security TAM
Cloud Security TAM Market grows from $9.7B 2021 to $13.7B in 2024 @ 12% CAGR 2021 2021 CASB CASB 9% 9% ADC ADC 30% 30% Email Email 32% 32% WAF WAF 12% 12% CWP CWP 17% 17% Gartner Sources: Forecast: Information Security and Risk Management, Worldwide, 2018-2024, 1Q20 Update & Forecast: Enterprise Net
Slide 22: Cloud Security Markets
Cloud Security Markets Gartner Magic Quadrants Market Fortinet Palo Alto CKPT Cisco VMware Microsoft Symantec McAfee HPE Zscaler Others WAF Imperva CASB Netskope Gartner Market Guides Market Fortinet Palo Alto CKPT Cisco VMware Microsoft Symantec McAfee HPE Zscaler Others Micro Illumio Segmentation
Slide 23: Adaptive Cloud Security
Adaptive Cloud Security Hybrid and Cross Cloud PRIVATE PUBLIC SAAS EDGE CLOUD/DC CLOUD APPLICATION Mail Web ADC Global LB PLATFORM Workload Protection CASB Container Security Native NETWORK Cloud On Ramp Virtual Microsegmentation Cloud Networking © Fortinet Inc. All Rights Reserved. 23
Slide 24: Automate Security Operations
Security Operations Center Automate (SOC) Security Operations Across The Fabric Security Fabric Management Center Security Operations © Fortinet Inc. All Rights Reserved © Fortinet Inc. All Rights Reserved. 24
Slide 25: Security Operations TAM
Security Operations TAM Market grows from $14.1B 2021 to $18.2B in 2024 @ 8.9% CAGR 2021 2024 Threat SOAR SOAR Intelligence 3% Threat 3% 10% Intelligence 9% SIEM SIEM 26% 29% Endpoint Security Endpoint Security 61% 59% Gartner Sources: Forecast: Information Security and Risk Management, Worldwide, 2
Slide 26: Security Operations Landscape
Security Operations Landscape Market Guides Magic Quadrants Market Guides (Dynamic) (Buying Center) (Static) SOAR NDR Endpoint UEBA Protection SIEM Insider Threat Risk Mgt Intel EDR Digital Forensic and IR XDR Services New! Expected 2Q/3Q21 Gartner Sources: Magic Quadrants and Market Guides 2019/202
Slide 27: Security Operations Market
Security Operations Market Market Fortinet Palo Alto CHPT Cisco VMware Microsoft Symantec McAfee HPE Zscaler Others EPP Trend Micro CrowdStrike SIEM Splunk Gartner Market Guides Market Fortinet Palo Alto CHPT Cisco VMware Microsoft Symantec McAfee HPE Zscaler Others XDR New Threat RiskIQ Intelligenc
Slide 28: Traditional vs eXtended Detection and Response (XDR)
Traditional vs eXtended Detection and Response (XDR) Traditional XDR Situational Operational Awareness Efficiency Threat Hunting Malware Analysis Insider Risk • Tooling for the Security Operations Center • Integrated and Automated for Lean Teams • Powerful and Customizable • Fortinet Curated © Forti
Slide 29: M&A Strategy Accelerates Specific Development
FortiMonitor FortiEDR 2020 2019 M&A Strategy FortiNAC FortiSIEM Accelerates Specific 2018 2017 Development 2017 2018 Integration Fabric Platform FortiAP FortiInsight 2019 2019 FortiSASE FortiSOAR © Fortinet Inc. All Rights Reserved. 29
Slide 30: Fortinet Accelerate 2021
F=:RTIMET. ACCELERATE 2021