Other companies in the top 10 lists are Cyber Ark, Cisco, IBM, Microsoft, Amazon, FireEye, Lockheed Martin, Check Point Systems and BAE Systems. Norton LifeLock features amongst the top 10 publicly traded cyber security companies, according to the latest data from Cyber Security Ventures, 2019. This Global cyber security leader protects enterprises, governments and consumers covering 86% of Fortune Global 500 and 300K+ customers globally. Global leader in consumer Cyber Safety: Norton LifeLock is credited to be the largest pure-play Cyber security Company in the world. High Competition in the security and cybercrime protection industryĢ.ěirth of novel unseen threats arising from surge in IoT usage and rollout of 5G networks going undetectedġ. Integration with internet service providers or other software companiesĦ.Ğnhancing solutions and market reach by strategically acquiring companies with complementary technologyġ. Spreading awareness on the importance of anti-virus tools and harnessing the uninitiatedĥ. Uncovering patterns using AI and Machine learning:Ĥ. Increasing cybercrimes presenting scope for improved solutions Increasing internet usersģ. Restructuring and layoffs resulting from dwindling financial performanceġ. Pirated Versions costing the Company and the consumersģ. Global leader in consumer Cyber safetyĢ.ěreadth of product and services offeringsĥ.ěusiness and consumer offerings are powered by the largest civilian threat intelligence networkĦ.Ĝontinuously adding innovation with novel products to strengthen competitive positionġ. The SWOT analysis of Norton LifeLock is presented below:ġ. It provides a wide range of products helping to secure the devices, private data, online privacy, and domestic and corporate needs of approximately 50 million individuals and over 350,000 organizations, partnering as a trusted ally in a complex digital world. Norton LifeLock’s USP or unique selling point lies in being a global leader in consumer Cyber Safety. However, the earlier name "Symantec" was a portmanteau of the words "syntax" and "semantics" with "technology". As of early 2020, NortonLifeLock employs over 11,900 people globally. acquired Enterprise Security software subsidiary of Symantec for $10.7 billion and later changed the name of the company to Norton LifeLock Inc. Subsequently, Symantec sold its information-management subsidiary, named Veritas Technologies (which Symantec had acquired in 2004) to The Carlyle Group on 29th January, 2016. By end of 2015, the Company got split into independent publicly traded companies software security and information management subsidiaries. Norton LifeLock is a Fortune 500 company and a member of the S&P 500 stock-market index. The company provides cyber security software and services and is a leader in Consumer Cyber safety. About Norton LifeLock : Norton LifeLock (previously known as Symantec Corporation) is an American software company having its headquarters in Tempe, Arizona, United States.
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