Cloud computing services, mobile computing technologies and the emerging Internet of Things (IoT) have demolished traditional notions of an enterprise perimeter and exposed organizations to more threats from more directions than before. Attackers are more sophisticated and targeted in their approaches and a growing number of them are well resourced and belong to organized criminal gangs and state-sponsored groups.
The trend is driving a growing number of enterprise security organizations to take another look at managed security service providers (MSSPs). MSSPs have been around for more than a decade, but like other cloud hosted services enterprises, have been slow to engage with them in a major way. That is changing rapidly.
Gartner® for instance, expects security spending to become increasingly service driven in the next few years as organizations grapple with talent shortages. The analyst firm expects demand for managed detection and response services in particular to increase from organizations struggling to deploy and manage new tools for detecting and mitigating threats.
IDC® similarly expects that organizations making the largest investments in security over the next few years will spend a bulk of their security dollars in managed security services-especially in areas such as identity and access management. IDC estimated that in 2016 alone, the managed security service sector generated some $13 billion in revenues.