Forbes August 5, 2024
A major theme has emerged as the cybersecurity industry is in the midst of a consolidation phase. High-profile acquisitions and alliances, such as Cisco’s acquisition of Splunk and IBM’s alliance with Palo Alto Networks, are reshaping the landscape.
This consolidation, often referred to as platformization, promises a streamlined, all-in-one solution for cybersecurity needs. However, the cyclical nature of the cybersecurity market and the ever-evolving complexity of threats underscore the enduring value of modularity and flexibility.
Cyclical Nature of the Cybersecurity Market
The cybersecurity market has always been characterized by cycles of consolidation and diversification. In the early 2000s, giants like McAfee and Symantec dominated the industry, offering comprehensive security suites that promised to address all security needs. This period was...
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