The global cybersecurity market is expected to be valued at more than $167 billion in 2020, according to Grandview Research. Over the next couple years, the market is expected to grow at a double digit CAGR. This growth is fueled by the fact that an increased amount of industries are moving at least some aspects of their business to the digital realm. As a result, many companies are left vulnerable to the increasing number of cyber attacks. Intelligent threat detection and response solutions and services have become crucial. 2020 has again seen strong M&A activity in the space as investors demand for these capabilities rises.