The global cybersecurity industry is growing rapidly. But it is also fragmented.
This is especially the case in Europe, which has more smaller cybersecurity firms. Even so, the market is worth some $50bn and is growing at 10% a year.
But is the industry starting to consolidate?
But firms, their investors, and even their customers are looking for scale.
We have already seen a wave of acquisitions driven by the large technology firms, especially in North America.
Our guest this week, though, believes that European firms offer better value to investors, as well as access to some unique technologies.
Mark Smith is a director of advisory firm Houlihan Lokey, where he specialises in cybersecurity businesses.
As he sees it, consolidation could see some larger European firms emerge, able to compete in global markets.
But will changes in the European market also change the way CISOs buy security tools and services? And will they make organisations more secure, or lead to reduced choice and higher costs?
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