Is 2016 the Year of the Managed Security Services Provider?

If 2015 has proven anything, it’s that we will not see a decline in the number of malicious cyber-attacks on our networks and data any time in the near future.

Studies now show that Advanced Persistent Threats (APTs) and other advanced attacks are driving more North American businesses to turn to a Managed Security Service Provider (MSSPs). Not only are data security professionals in high demand, they’re a limited resource which drives up their salaries to prices beyond most mid-market budgets.

According to Transparency Market Research, the managed security service provider market is has grown by leaps and bounds since 2013 and is expected to be worth more than $24 billion by 2019, setting the stage for 2016 to be the “Year of the MSSP.”

So what’s driving this growth?

  1. The Need by Larger Organizations for Enhanced Services: These big companies have IT security staff, but want to augment that staff with specialized services that monitor the constant barrage of attacks they face.
  2. Franchises That Want to Focus on Growth – not Data Security: These organizations want to focus all of their energy on expanding their hotel or restaurant chain, but are prime cybercriminal targets. An MSSP can focus on their security while they concentrate on opening new locations.
  3. Mid-Market Organizations Who Cannot Afford the High Salary of a Security Professional: These companies are also now a prime target for cybercrimes because they often don’t have a data security professional on staff.
  4. Smaller Businesses Who Have Grown Accustomed to Compliance Audits: Small companies who have had a compliance audit have realized that compliance is just a small part of security and they need the expertise to help them stay secure and compliant.

The rising awareness of cybercrime will fuel the demand for MSSP services in 2016 and beyond because it can deliver successful solutions for information security with one approach.

With no long-term investments in equipment or applications required, an MSSP is a low cost/high value service that is purchased as a subscription rather than a complex capital expenditure.

MSSPs are an extension of a company’s IT department. A good MSSP looks at your firewall, anti-virus and patching, but also ensures your company has a holistic outlook by recommending appropriate technology and the implementation of policies and procedures to keep your data safeguarded.

The Sword & Shield MSSP, for example, is tailored to meet the needs of our customer’s networks, which means deployments involve a single location or multiple locations worldwide and are scaled to meet the changing needs of computing and network environments.

You can use our experts to help reduce your costs and plug your gaps.

Submit a request for a free consultation to find out how we lower your cost of ownership and let your team focus on your business while Sword & Shield’s highly skilled staff of certified consultants ensures the safety of your data.

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