The growing incidence of cyber-attacks has trembled the businesses worldwide. They have implemented new tools and technologies to address the increasing cybersecurity threats, but in most cases, the outcome has remained far from optimum. Organizations have just ended up weaving a complex IT infrastructure that even their in-house teams cannot handle properly.
Under such a pressing situation, managed security service providers (MSSPs) have become superheroes with capes. These third-party IT security providers exercise their extensive knowledge in cutting-edge technologies to help organizations build a strong security posture. MSSPs services touch every aspect of cybersecurity, including the monitoring and management of intrusion detection, firewalls, and virtual private network management. They also complement businesses’ internal IT teams to help them better handle complex operations, be it system changes, modifications, or upgrades. The ability to offer such comprehensive services has significantly increased organizations’ reliance on MSSPs—needless to say, it will grow considerably in the upcoming years. Reports predict that the global managed security services market will make a revenue of $52.13 billion by 2027.
With these growth projections, the managed security services market has become extremely crowded in the past few years. As a result, it has become a cumbersome affair for organizations to find the right partner that can help them achieve the most robust security posture. They have to remember that cutting-edge technology might be alluring, but it alone cannot ensure the most robust security posture. So, while partnering with an MSSP, businesses first need to understand that there cannot be a one-size-fits-all approach to cyber security. It depends on multiple factors, including their area of operation, location, or work model. With that being said, an MSSP that spends time to understand all the intricacies of a particular business and architects the solution accordingly is the partner that an organization should vouch for.
This edition aims to provide readers with a comprehensive understanding of the current managed security services space to help them select the right partner.