Vulnerability management:Growth. From 2017 to 2018, vulnerability management spending grew by more than 30%. This change reflects VM’s increasing importance to security decision-makers.
M&A. Identity and access management was the most active sector for M&A activity. Buyers completed 28 deals (40% growth from 2017) totaling $6.4 billion in deal value, including Cisco’s acquisition of Duo Security for $2.4 billion.
Identity management:Growth. From 2017 to 2018, spending on IM as a category grew by more than 45%. Privileged access management grew by 25% and Identity and access management grew by over 55%.
The resulting document, their 2019 Security Technology Spend Insights Report, details the top five cybersecurity technology buying trends and key areas to watch that may reflect shifts in organizational strategy and future buying trends. The study’s findings are based on analysis of Optiv’s client data and Momentum’s merger and acquisition (M&A) tracking.
Staying abreast of rapid changes in cybersecurity technologies can give even the most informed and knowledgeable of organizations a run for their money. Optiv (a Top 200 MSSP for 2019) and Momentum Cyber (a cyber focused investment bank and consultancy), have collaborated to help cybersecurity technology buyers and influencers make informed decisions by understanding peer buying behaviors.