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Now and Next for the Cybersecurity Industry

  • ID: 5451126
  • Report
  • November 2020
  • Region: Global
  • 41 Pages
  • Canalys

FEATURED COMPANIES

  • Acronis
  • Check Point
  • First American Financial
  • Kaspersky
  • Microsoft Xbox
  • SolarWinds Sunburst

This special report provides analysis of the impact of COVID-19 on the cybersecurity industry, as digital transformation accelerates, workforces evolve to be more decentralized, and IT becomes perimeter-less. 


Market Overview

Prioritize cybersecurity and invest in broadening protection, detection and response measures or face disaster. This is the stark reality facing organizations in 2021. For many, it is too late. The data breach crisis escalated last year, as more records were compromised in 12 months than in the previous 15 years combined. Ransomware attacks surged, with tragic consequences, as hospitals were specifically targeted. 


Some high-profile organizations even went out of business, such as Travelex, which entered administration after an attack crippled its operations at a time when the travel industry faced mounting pressures.


Organizations had to implement business continuity measures quickly in response to the COVID-19 pandemic or face going out of business. This was often at the expense of cybersecurity and bypassed longstanding corporate policies, leaving many exposed to exploitation by highly-organized and sophisticated threat actors, as well as other more opportunistic hackers.


Parallels can be drawn with the natural world, where predators and prey evolve their attack and defense strategies in a battle for the survival of the fittest. The cybersecurity industry is responding, with investment in new innovative, scalable and flexible architectures. Cybersecurity is being embedded across all technologies. But the challenge is to shift the mindset of executives in charge of running their organizations from if to when a breach will affect their business. For many, this will not happen until their operations have been breached and taken down, or their sensitive data has been compromised. It will also not happen until they face a large fine for failing to adhere to regulations or their brand has been negatively affected.


 


Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Acronis
  • Check Point
  • First American Financial
  • Kaspersky
  • Microsoft Xbox
  • SolarWinds Sunburst

1: Cybersecurity in the new digital era 


  • COVID-19 accelerated digital transformation
  • Organizations compromised on cybersecurity 
  • Workforce dynamics have changed permanently 
  • IT becomes perimeter-less
  • The evolving cybersecurity ecosystem

2: Escalating cyber-threats and strengthening regulations


  • The data breach crisis
  • Mega-breaches accelerate
  • Large numbers have been compromised
  • Digital transformation accelerates data breaches 
  • Ransomware targets the sectors most under pressure 
  • Threats become more sophisticated 
  • Strengthening data regulations will force change 
  • Beyond data protection 

3: Innovating cybersecurity vendors 


  • A young and global ecosystem
  • Leading vendors take a platform approach
  • Generalists grow larger, specialists grow faster 
  • Taking an integrated approach to cybersecurity
  • Mergers and acquisitions add new specialist capabilities
  • Startups and pre-IPO funding maintain upward momentum 

4: Cybersecurity: a fast-growing opportunity 


  • Limited progress made by most organizations 
  • 2020 surpasses expectations despite economic slowdown
  • No sign of a slowdown in 2021 or beyond
  • Endpoint security forecasts 
  • Network security forecasts
  • Vulnerability and security analytics forecasts 
  • Identity access management security forecasts 
  • Web and email security forecasts 
  • Data security forecasts
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  • Acronis
  • Avast
  • Avira 
  • Barracuda Networks 
  • Bitdefender
  • BlackBerry Cylance 
  • British Airways
  • Broadcom (Symantec)
  • CAM4, AIS.      
  • Check Point
  • Chime
  • Cisco 
  • ConnectWise
  • CrowdStrike
  • ESET 
  • F5 Networks 
  • Facebook
  • FireEye
  • First American Financial
  • Fortinet 
  • F-Secure
  • Google
  • Google Classroom
  • H&M
  • Huawei
  • IBM
  • Juniper Networks
  • Kaspersky
  • Keepnet Labs
  • Logitech
  • Marriott
  • McAfee
  • Microsoft
  • Microsoft Exchange
  • Microsoft Office 365
  • Microsoft Teams
  • Microsoft Xbox
  • Mimecast 
  • Orvibo
  • Oxydata
  • Palo Alto Networks
  • People Data
  • Proofpoint
  • Salesforce 
  • SentinelOne 
  • SolarWinds Sunburst
  • SonicWall
  • Sony’s PlayStation
  • Sophos
  • Symantec 
  • TIMs
  • Travelex
  • Trend Micro
  • VMware Carbon Black 
  • WatchGuard 
  • WebEx
  • Zoom
  • Zscaler
Note: Product cover images may vary from those shown