Consolidation is coming for the cybersecurity industry
It’s starting to happen. Amid a flurry of mergers and acquisitions, the cybersecurity industry is embarking on a path of consolidation that analysts predict will result in the existence of far fewer companies within just a few years. Thousands of cybersecurity vendors are in the marketplace, offering services ranging from anti-phishing and malicious software analysis to threat detection that relies on artificial intelligence technology. The number of companies will reduce by half within five to seven years, as many existing firms are acquired by larger players, and others simply go out of business, said Bill Crowell, a partner at the venture capital firm Alsop Louie Partners. “Cyber defense is about having an integrated set of tools that work together to prevent attacks,” said Crowell, a former deputy director of the U.S. National Security Agency. “But the industry now has a thousand points of light and no illumination. It’s as if […]
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