Enterprise AI adoption flows into identity and platform security demand Attack + workload surface grows identities, data, AI workloads multiply Enterprise AI adoption new agents, SaaS, cloud, data Identity & access demand more identities to govern Platform demand network + cloud stretched SailPoint · SAIL identity security spend IGA + privileged access Palo Alto · PANW consolidated platform spend budget shifts here Buildout stalls or budgets tighten spend decelerates to both SAIL · PANW multiples lose near-term support deployments stall analyst demand logic - directional, not measured