The pace at which cybersecurity breaches are splashed across the headlines is enough to keep any enterprise security officer awake at night. Just as any business organization is innovating, streamlining processes and improving productivity, those looking for ways to infiltrate your network are doing the same. Many enterprises struggle to keep up, finding that managed security is the only way to keep pace with threats.
The latest findings published by Transparency Market Research estimate that by 2026, the adoption of managed security will increase by a 15% compound annual growth rate (CAGR). The reason for this is that managed security has begun delivering the high-quality service to customers necessary for today’s cybersecurity threats.
In North America, the growth is expected to be particularly strong, with estimates around 18.5% between 2017 and 2026. Other regions like Japan and Europe are expected to have higher-than-average growth in managed security.
In another survey from Trustwave, 22% of full-time information technology professionals listed preventing attacks through malware, viruses and ransomware to be their biggest security threat, as well as their primary obligation for 2018. The survey included 1,600 security decision-makers across six countries.
The global market for managed security is expected to grow as a result of the increasingly complex threats impacting the enterprise. In addition, the tightening up of data compliance rules is forcing enterprises to know where all personal data is at any given time, as well as adhere to new regulations such as an individual’s right to be informed of any security breach.
As enterprises struggle to keep up with security threats, they must also manage the compliance regulations requiring them to separate personal data so that it can be located, which is a challenging task for companies utilizing public cloud storage.
Given these circumstances, there’s good reason for enterprises to invest in managed security. It lowers the cost of security management for IT, and frees up IT personnel to focus on areas like productivity improvement or the digital transformation strategy. It also delivers a security approach that utilizes the latest technology and updated information, because the work is done by experts in cybersecurity.
Many organizations are taking a proactive approach to cybersecurity, using secure coding and frequent testing and monitoring. A managed security provider can help with these areas.
To learn more about managed security and how it can benefit your organization, contact us at eXemplify. We offer superior support and can help you increase your business value through your technology decisions.