As part of broadening focus into new markets, Q Advisors believes cloud-native security will remain a key investment area and an integral part of the cloud native infrastructure given the implications of the velocity and volume of distributed, ephemeral, and remote access services that the move to the cloud brings. Far outstripping any other enterprise IT budget item, spending on cybersecurity continues to ratchet up each year—eclipsing $130 billion in 2020—with long-lasting implications driven by COVID-19 and the surge in demand for Work-From-Home (WFH) access services. Q Advisors further believes that corporate networks are likely to see an accelerated shift towards mobility-enabling services, which in turn provide a strong secular tailwind to cloud-based security, identity access and management (IAM), next-gen endpoint detection and response (EDR) tools, and AI-based analytics and automation. We expect this to result in a heightened response toward consolidation by legacy security and IT vendors.
Read the full version here.
In addition, Q Advisors curated a list of 100 private vendors benefiting from increased investments in the cybersecurity space.
Download the vendor matrix here.