Investor Presentaiton

A Large and Growing TAM: $174B+ by 2025 2021: $121B, 4-YR CAGR = ~10% Networking and Network Security Endpoint Security & Security Ops Identity & IoT/OT Security Cloud Security m W $86B 5G Network Firewall Switching Web (SASE) NPMD (NOC) Wireless SD-WAN IDPS $38B Threat Intel $25B SOAR SIEM VPN ZTNA loT/OT NAC Endpoint IAM Source: Fortinet estimates based on recent analyst research. 2025 opportunity shown. O Fortinet, Inc. All Rights Reserved. $25B WAF ADC CWPP SEG CASB 14

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