"Hacks and phishing could effectively cause a business to crash," said Barlow, who focuses on private equity M&A. "This is a business that is fundamental to operating, so cybersecurity has been a resilient area for quite some time."
While megacap technology giants haven't shied away from cybersecurity investments, AI tail winds have forced companies to beef up their offerings. Google's Wiz deal could force rival Amazon to make its own acquisition, Maxim said. Potential targets include startups Aqua Security, Orca Security and Sysdig.
"The Google-Wiz tie-up does give them some capabilities that make them stronger than AWS in some areas," Maxim said. "AWS could target acquisitions to potentially bring their solution closer to Google."