Thomas Alsop
Research expert covering the global hardware industry
Cisco - statistics & facts
Founded in 1984, Cisco is a global leader in networking technologies and one of the leading technology brands globally. The California-based company designs, manufactures, and sells telecommunications equipment, networking products, software, and technology services. Cisco generated revenue of around 57 billion U.S. dollars in 2023, with a net income of 12.6 billion U.S. dollars in the same year. The company is a notable player in the telecommunications equipment market, ranking second only to Huawei among leading telecom infrastructure companies.
Cisco provides innovative networking, cloud, and security solutions
Cisco’s business operates across multiple product segments and is led by the secure, agile networks and services. Cisco's product offering includes its networking technologies products such as switching, routing, wireless, and data center products. In addition to these divisions, Cisco also reports an "Internet for the future" segment that generated 5.3 billion U.S. dollars in revenue in their 2023 fiscal year. To support its various business activities, the company employs around 83,300 people globally, with around 48 percent of Cisco’s employees based in the United States.Cisco competes with a wide number of other IT firms
Cisco is one of the major vendors in the IT network hardware technologies market. The company dominates the enterprise network infrastructure market, ahead of rivals such as Huawei, Hewlett Packard Enterprise, or HPE, and Nokia. Cisco is also a key player in the ethernet switch market, as well as dominating the wireless local area network, or more commonly WLAN, market. In addition, Cisco performs strongly in the security appliance market, ranking second behind the market leader Palo Alto Networks. Cisco is also among the more prominent players in cloud infrastructure, IT automation, and hyperconverged systems markets. With the acceleration of artificial intelligence (AI) expected to change the world fundamentally, this is likely to create new growth drivers for Cisco, with the company’s technologies supporting an array of organizations in their pursuit of AI.
