As enterprises spend more on building or enhancing their cybersecurity systems, they can become overwhelmed by the number of solutions they need. This could be a major catalyst for cybersecurity companies to consolidate their products; an inevitable coming trend, according to Nikesh Arora, CEO of Palo Alto Networks. To that end, Arora thinks his company is in a good position to capitalize on the demand for more simplicity and fewer vendors in the fight against cyberattacks.
The CEO made the claim in an address at Palo Alto Networks’ Ignite ‘22 conference, where he also asserted that product consolidation is already underway across the cybersecurity industry. As customers seek to upgrade or replace their security systems at an accelerating rate, providers will be forced to consolidate and optimize to remain competitive. Another driver of the demand for consolidation is market fragmentation, which has also led to market oversaturation.
Many organizations are already struggling to manage their data centers, as well as necessary cloud migrations, leaving them with little room to navigate an array of cybersecurity products. Arora, of course, recommends customers switch to his company’s comprehensive zero-trust security solutions to stay ahead of the rest.