Palo Alto Networks CEO: Product Consolidation On Fewer Platforms Is Inevitable
Summary
Palo Alto Networks CEO Nikesh Arora says his cybersecurity firm is in a good position to take advantage of a coming products consolidation pushed by overwhelmed customers seeking more simplicity and fewer vendors when building up protections against cyberattacks. At Palo Alto Networks’ Ignite ‘22 conference this week in Las Vegas, Arora told audience members and later news reporters that consolidation of products on fewer platforms is already in the early stages of happening within the industry. “Consolidation is an outcome, not a strategy.” The ultimate problem is market fragmentation, with literally thousands of security companies vying to develop and sell products to those in need, he said. “Almost every customer I‘ve talked to has an average of 30 to 50 cybersecurity vendors.” He ticked off a number of reasons why IT personnel are overwhelmed today – and will increasingly demand that more products come on more manageable platforms with fewer vendors. Not surprisingly, Arora said his Santa Clara, Calif.-based cybersecurity powerhouse is in a good position to provide customers with comprehensive zero trust security across the entire stack.
