Cybersecurity · Industry brief

IonQ announced on October 12, 2026, that it has entered into a definitive agreement to acquire Zero Trust security company Elisity in an all-stock transaction valued at up to $1.3 billion, including up to $150 million in earnout payments. The acquisition pairs IonQ's post-quantum cryptography and quantum key distribution capabilities with Elisity's enterprise Zero Trust technology platform to address current cyber threats and prepare for quantum-era security risks. Elisity brings an established customer base with more than 100 global deployments, deep CISO relationships, and recurring revenue in the more than $10 billion microsegmentation market, with a track record of doubling revenue and customer base year-over-year with zero churn. The transaction is expected to close in Q4 2026 and is subject to customary regulatory approvals.

The global cybersecurity solutions market was valued at USD 255 billion in 2025 and is projected to reach USD 580.18 billion by 2031, expanding at a CAGR of 14.68%, according to a ResearchAndMarkets.com report. Growth is driven by escalating cyberattacks, cloud migration, stricter regulatory requirements, digital transformation, and AI/ML integration. The FBI's Internet Crime Complaint Center received 859,532 complaints in 2024 with reported losses exceeding USD 16 billion, a 33% increase from 2023. Managed security services are forecast to record the fastest CAGR of 17.02% during the forecast period, with providers including Palo Alto Networks, Fortinet, CrowdStrike, Cisco, and IBM Security leading the segment. Products accounted for over 60% of the market in 2025, with identity and access management holding the largest share. Cloud-based deployment held the largest market share, supported by faster implementation and scalability. Major vendors pursued technological development, M&A, and strategic partnerships in 2025: Cisco expanded AI Defense and Extended Detection and Response capabilities; CrowdStrike introduced operational threat intelligence through its Falcon Adversary Intelligence platform; Fortinet introduced Generative AI IoT Security Assistant; and Radware opened cloud security centres in Chennai, Mumbai, and Nairobi, increasing global mitigation capacity to 15 Tbps.

Gartner published its first Emerging Market Quadrant for AI Application Security, naming Enkrypt AI by Anaconda a Specialist vendor. The report defines the AI application security market as combining security testing, exposure management, and runtime defense for enterprise-developed AI applications and agents. Anaconda's Enkrypt AI product suite includes Agent Red Teaming (300+ adversarial test categories), Agent Guardrails (sub-15ms runtime decisions), Agent Policy Engine (policy enforcement and audit logging), MCP Scanner and Gateway (tool security), and AI Data Risk Audit (training data exposure checks). The market is newly established as buyers seek guidance on AI-specific security controls before deploying agents to production.