Fundamental, Research

How Alphabet’s Wiz Acquisition Impacts Cloud Security and Cybersecurity Leaders

Janice Quek, Vice President, Equity Analyst
10 April 2025

Summary

Google’s acquisition of Wiz marks a pivotal moment in the evolution of cloud security. With $32 billion on the line, Alphabet is betting big on protecting workloads and data in increasingly complex multicloud environments.

While the acquisition boosts Google Cloud’s position, it’s unlikely to dramatically alter the dominance of established cybersecurity leaders—yet. Companies like Palo Alto Networks and CrowdStrike already offer robust CNAPP suites and benefit from cloud-agnostic designs. But this is only part of the story.

Our latest research dives deep into:

  • How this deal may impact mid-market and enterprise CNAPP adoption
  • The potential fallout for Wiz’s existing partnerships—especially with Check Point
  • Why cloud security spending is still under-allocated—and poised for a breakout
  • Real-world ARR growth from leading vendors like PANW, CRWD, and S
  • Strategic shifts that security vendors may pursue in response

What You’ll Learn

In this exclusive research report, you will gain insights into:

  • How the Wiz acquisition strengthens Alphabet’s cloud security platform
  • Why CNAPP (Cloud Native Application Protection Platform) spending is accelerating
  • The projected growth of cloud security relative to overall cloud IT spend
  • Which cybersecurity vendors are best positioned to maintain momentum
  • Risks and opportunities tied to partnerships and multicloud strategies post-acquisition

Download Full Research Report

Solutions

Fundamental Equity Research
Gain a comprehensive view of global themes, industries, and companies.

Related Insights

Utilities and AI: A Powerful Combination?

Utilities and AI: A Powerful Combination?

Supported by lower bond yields and subdued inflation, utilities stocks performed much better in the first half of 2024
Read more