Fortinet SWOT and PESTLE Analysis

Strength

1. Diversified portfolio of products offered: Fortinet is a global leader in cybersecurity solutions and provides its products to a wide array of organizations like enterprises, communication service providers, government organizations and small businesses. The integrated Fortinet Security Fabric platform, which features automated protection, detection and response, is designed to provide broad visibility and segmentation of the digital attack surface. Fortinet focuses on four major areas of business: Security-Driven Networking, Infrastructure Security, Dynamic Cloud Security and Endpoint Protection, Internet of Things (IoT) and Operational Technology (OT) Security. FortiGate network security appliance derives most of the company’s product sales. A broad set of built-in security and networking features and functionalities are offered by FortiGate. Features offered by FortiGate includes, firewall, next-generation firewall, secure web gateway, secure socket layer inspection, software-defined wide area network, intrusion prevention system, sandboxing, data leak prevention, virtual private network, switch and wireless controller and wide area network.

2. Open architecture allows third party solutions leading to a diverse ecosystem: The Fortinet Security Fabric platform helps organizations secure their environments and reduce their security and network complexities. The Fortinet Security Fabric platform has an open architecture designed to connect Fortinet solutions and third-party solutions into a single ecosystem, enabling integration and automation. Fortinet’s product offerings consist of its FortiGate network security product family and its non-FortiGate products. The company’s FortiGate hardware and software licenses are sold with a set of security services in addition to networking features and are run using its proprietary FortiOS operating system. The security services are enabled by FortiGuard Labs, which provides threat research and artificial intelligence capabilities from a cloud network to deliver protection services to each FortiGate appliance and virtual machine that is registered by the end-customer. All these are combined to form the Fortinet Security Fabric platform, which is an approach to security that ties discrete security solutions together into an integrated whole. This open architecture allows the company to leverage third party applications to grow its ecosystem and garner more user base for revenues.

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Weakness

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Opportunity

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Threats

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Political

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Economic

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Social

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Technological

1. Rising cases of cyber-attacks may lead to demand for cyber security software: The Covid-19 outbreak has led to an increase in phishing email schemes by cybercriminals. Not only that, there has been other cyber-attacks on organizations, government entities and other such related firms. Cyber-attacks can be of various types including malware, phishing, ransomware and denial of service. These attacks are caused because most of the enterprises are not effectively protected. An end-to-end cyber security architecture that is multilayered and spans all networks, endpoint and mobile devices, and cloud can prevent cyber-attacks.

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Legal

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Environmental

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