Consolidation of the Cybersecurity industry
As networks become more complex and distributed, detecting and responding to threats has become increasingly difficult, which has led to security sprawl. Today, enterprises have deployed an average of 45 security solutions across their network, most of which operate in a silo, making centralized management nearly impossible.
To make matters worse, detecting and responding to a cyber incident needs the coordination of 19 security solutions. It leads to complex workarounds that need to be constantly managed and reconfigured whenever devices upgrade. The above and similar challenges related to complexity and integration have made a cybersecurity mesh architecture essential for today’s organizations.
The situation for security today is that security leaders have too many tools. The large number of security products in organizations increases complexity, integration costs and staffing requirements. The digital attack surface is expanding at a rapid rate, making it increasingly difficult to protect against advanced threats.
According to a recent Ponemon study, nearly 80% of organizations are introducing digital innovation with high frequency, which cannot adapt to their ability to secure it against cyber-attacks.
Greater integration that accompanies consolidation can improve security, minimizing the functional gaps between the protection that each product delivers. The reduced time, cost, and resource saved with integrated management could be better utilized to improve cybersecurity performance.
Hence, there is a need for consolidation and aggregation and these are the two major strategic forces that determine how companies and market segments shift over time — whether that's combining, separating, or creating is something entirely new.
Every industry follows a pattern, regardless of domain or size. Cybersecurity is no exception — every part of the ecosystem follows industry life cycle stages just like the rest of the business world.
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