Edmond de Rothschild Megatrends | Cybersecurity

The security market continues to face a complex range of threats and increasingly sophisticated cyberattacks and their consequences. As a result, businesses are being forced to place the emphasis on their security infrastructure, alongside their digital transformation, against a backdrop of rapid technological change (Cloud, SaaS).

As highlighted by recent surveys, security remains one of the highest-priority IT expenditure areas, with 67% of respondents planning to increase their security budget for the remainder of 2023.

In this complex and rapidly changing environment, mergers and acquisitions continue to play an important role in the sector, as demonstrated by Cisco’s recent acquisition of Splunk. This acquisition will enable Cisco to create an end-toend security portfolio, with the aim of moving from threat detection and response to threat prediction. The deal also has a positive impact on the observability and logging market, which is expected to grow significantly in the next few years due to the massive influx of data fuelled by the proliferation of AI and generative AI. In addition, the increasing complexity of cyberattacks is forcing the industry to continue to invest and upgrade its existing products and solutions.

Edmond de Rothschild CIO Office - December 2023