Some industries excel during times of excitement or crisis. People flock to buy hotdogs, hamburgers, fireworks and nice cold U.S. beer during the summer time. The demand of umbrellas, flashlights, jugs of water and cans of food rise when the threat of a hurricane is imminent. Even a Trump presidency may lead to many democrats stocking up on their gold stockpiles.
The same may be said about the cybersecurity sector. As the number of hacking attacks increase—including the threats against state voter databases and the massive data breach at Yahoo! Inc. that impacted over 500 million accounts—the demand for cybersecurity software rose as well, according to a Bloomberg Intelligence report.
The cybersecurity industry “is undergoing a major shift as demand for traditional end-point products declines amid a shift towards” enhanced security software focusing on “cloud, mobile” and the internet of things sectors, Anurag Rana and Mandeep Singh, Bloomberg Intelligence industry analysts, said in a Oct. 5 report.
The cybersecurity industry growth may also lead to more sectoral mergers and acquisitions. As companies trend toward incorporating “net-gen products, companies like Cisco Systems Inc., IBM Corp. and Symantec Corp.” may seek to buy up smaller software companies to shore up their cybersecurity offerings.
At the top of the pack of cybersecurity industry growth is Palo Alto Networks and Fortinet Inc., both of which “are expanding faster than peers” because of their “focus on net-generation security products compared with legacy vendors such as Symantec,” the Bloomberg Intelligence report said.
Cybersecurity analysts tell consumers after a hacking incident to change passwords and to upgrade existing security. After a hack, consumers may want to diversify their investments to include cybersecurity software companies.
To keep up with the constantly evolving world of privacy and security sign up for the Bloomberg BNA Privacy and Security Update.
All Bloomberg BNA treatises are available on standing order, which ensures you will always receive the most current edition of the book or supplement of the title you have ordered from Bloomberg BNA’s book division. As soon as a new supplement or edition is published (usually annually) for a title you’ve previously purchased and requested to be placed on standing order, we’ll ship it to you to review for 30 days without any obligation. During this period, you can either (a) honor the invoice and receive a 5% discount (in addition to any other discounts you may qualify for) off the then-current price of the update, plus shipping and handling or (b) return the book(s), in which case, your invoice will be cancelled upon receipt of the book(s). Call us for a prepaid UPS label for your return. It’s as simple and easy as that. Most importantly, standing orders mean you will never have to worry about the timeliness of the information you’re relying on. And, you may discontinue standing orders at any time by contacting us at 1.800.960.1220 or by sending an email to email@example.com.
Put me on standing order at a 5% discount off list price of all future updates, in addition to any other discounts I may quality for. (Returnable within 30 days.)
Notify me when updates are available (No standing order will be created).
This Bloomberg BNA report is available on standing order, which ensures you will all receive the latest edition. This report is updated annually and we will send you the latest edition once it has been published. By signing up for standing order you will never have to worry about the timeliness of the information you need. And, you may discontinue standing orders at any time by contacting us at 1.800.372.1033, option 5, or by sending us an email to firstname.lastname@example.org.
Put me on standing order
Notify me when new releases are available (no standing order will be created)