Cybersecurity Consolidation 2023-2025: Major M&A Deals and Market Dynamics
Executive Summary The cybersecurity industry has experienced unprecedented consolidation from 2023-2025, with over 800 M&A deals announced and $167+ billion in disclosed transaction values. This period has been marked by eleven mega-deals over $1B each, including three $25B+ acquisitions in 2025 alone: Google's $32B Wiz acquisition,