Cybersecurity merger and acquisition (M&A) deals increased 12 percent year over year in July 2018, according to a "
Cybersecurity Snapshot" report from advisory firm
Momentum Cyber. Eighteen mergers and acquisitions (M&A) deals were finalized last month, and these agreements were worth approximately $1.8 billion.
Notable cybersecurity M&A pacts from July included:
In addition, 29 cybersecurity financing transactions were recorded in July, Momentum indicated. These transactions raised a total of $302 million.
A Closer Look at Cybersecurity M&A and Financing Transactions in 2018
To date, 119 cybersecurity M&A deals worth approximately $5.7 billion have been finalized in 2018, Momentum stated. There also has been 237 cybersecurity financing transactions worth $3.3 billion thus far in 2018.
The number of cybersecurity M&A and financing transactions in the privileged identity management and endpoint detection and response (EDR) markets may increase in the foreseeable future, too.
Privileged identity management solutions had a global market size worth an estimated $922 million in 2016, according to Momentum. This sector is expected to expand at a compound annual growth rate (CAGR) of 33 percent between 2016 and 2021 and could be worth $3.8 billion by 2021.
Comparatively, the global EDR market is expected to be worth approximately $1.5 billion by 2020, Momentum indicated. As security professionals search for ways to manage endpoint risk, EDR solutions could help these professionals identify and address data breaches faster than ever before.
Global Cybersecurity Market Projected to Grow
The global cybersecurity market is expected to grow at a CAGR of 4.5 percent between 2016 and 2026, industry analyst
Orbis Research noted. Increasing threats of terrorist attacks and risks of IT and communication hacks are some of the key factors that could accelerate this sector's growth.
MSSPs also could play important roles in the global cybersecurity market's growth. By offering privileged identity management, EDR and other cybersecurity services, MSSPs can help organizations detect and address evolving cyber dangers.
