Analysts at FBR & Co. attended the RSA Conference 2015 in San Francisco this week and released a report summarizing what they learned. The key focus of the hundreds of vendors in attendance was the next generation of cybersecurity threats.
Increasing Demand
Analysts believe that recent demand for cybersecurity will likely continue to grow as businesses feel increasing pressure to upgrade dated systems and avoid reputational damage that can result from high-profile cyber-attacks.
Analysts mention Anthem Inc ANTM 0.05%, Sony Corp SNE 2.02% and JPMorgan Chase & Co JPM 0.32% as three past victims of past cyber-attacks that suffered reputational damage as a result.
After speaking with key enterprise and government IT decision-makers, analysts predict about a 28 percent increase in security spending in 2015.
Collaborative IT Environment
According to the report, a major theme at this year’s conference was the idea of convergence of security solutions, as opposed to a range of prevention offerings.
Analysts believe the new spirit of convergence and collaboration will lead to an increase in partnerships and M&A activity.
Right Products, Right Time
Analysts believe that there will be an intense fight for market share in the cybersecurity space in coming years, but they see several names as extremely well-positioned in the current environment.
They mention Palo Alto Networks Inc PANW 0.61%, FireEye Inc FEYE 0.23%, Fortinet Inc FTNT 0.1%, Proofpoint Inc PFPT 4.57% and Check Point Software Technologies Ltd CHKP 0.49% as their top picks in the space.
The report also mentions large vendors such as Cisco Systems Inc CSCO 0.51% and Juniper Networks Inc JNPR 8.92% as likely market share losers in coming years.
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