Protecting Data | Security
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David Vignon | Equity Research Analyst, Software & Payments
The Covid pandemic has led organizations to embrace new technologies at a faster pace than ever before. This emergence of increasingly distributed IT infrastructure, along with the explosion in its diversity and scale has greatly increased vulnerability to attacks. As a result, cybersecurity has become more critical for governments and corporations alike. In this USD 130 billion industry, we see the unavoidable shift towards proactive cybersecurity continuing to gain momentum, to the benefit of intelligence-led security solutions. At the same time, the need for automation tools and managed services, notably managed detection and response, will continue to increase as a way of dealing with the talent shortage in the industry. Consolidation is also likely to be a theme. Corporate security organizations are being revamped to remove information silos, while security solution providers are working on Extended Detection & Response (XDR) and Secure Access Service Edge (SASE), which better integrate several formerly distinct products. Finally, reducing the attack surface remains a priority, to the benefit of vulnerability management and Identity and Access Management (IAM).