Palo Alto Networks' acquisition of Console buffers $2.59 trillion AI market

On Tuesday, Palo Alto Networks reported outstanding quarterly results and a new acquisition, which marks a big move towards a segment of enterprise technology that is growing very fast: security for AI agents.

The cybersecurity company (NASDAQ: PANW) has reported better-than-expected results for the fourth quarter and acquired Console, an AI-native platform designed to help organizations automate complex operational tasks.

This happened at the right time when the market is growing rapidly. According to Gartner, the worldwide spending on AI will reach $2.59 trillion in 2026, which is almost 47% higher than in 2025. The spending on AI cybersecurity will also grow, almost doubling from $25.9 billion to $51.3 billion in 2025, while in 2027 it may approach $86 billion.

For Palo Alto, Console is a bet that securing AI agents will become an increasingly important part of that spending.

Why Palo Alto is buying an agent company

According to Palo Alto Networks, Console lets organizations use AI to analyze problems and take action across their operations. Its technology will be integrated into Cortex.

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