The Rise of Cloud-based Managed Security Services

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Cyber security is a massive issue in today’s digital world and yet, many organizations are struggling to address an increasingly complex threat landscape. The biggest quandary lies with the ever ubiquitous smartphone and tablets that contain sensitive data and are rarely protected well. Even as enterprises grapple with the challenge of mobile workers and an ever growing remote workforce, accessing its private network, identity and access management has become a key security concern. Moreover, with increasing incidents of data theft and fraud, there is a growing concern about email security, VPN and web services. Therefore, how can enterprises secure data in a BYOD era?

The answer lies in cloud-based managed security services. While large enterprises have been increasingly using cloud computing and huge volumes of data being transacted daily across the enterprise, there has been a noticeable trend among small and midsize companies as well. With this shift, it is only natural that attention turns to information security as well, due to the complex nature and high costs associated with maintaining security infrastructure in-house. This is where cloud-based MSS fills the gap by equipping enterprises with a broad range of arsenal to respond to potential attacks with ease. Essentially, organizations find themselves gaining easy access to specialized tools besides traditional security measures such as SIEM, identity access management (IAM), security intelligence through network forensics, cloud security and endpoint management among others. And all this at amortized costs spread out over multiple customers from the Managed Security Service Provider‘s (MSSP’s) end. 

Cloud-based MSS also provides a way for businesses to shift IT security expenses to opex rather than capex. This translates to more predictable monthly security expenditure, along with significant perks that include scalability, affordability, state-of-the-art security solutions, ease of upgrades and access to specialized security professionals round the clock. Additionally, the cloud provides a golden opportunity for SMBs to leverage advanced security capabilities in a way that they could never do before and at a fraction of the burden of an on-premise system. 

In a nutshell, the rise of cloud-based MSS can be attributed to the following factors:

  • Increase adoption of cloud across organizations of all sizes and sectors.
  • Growing demand for managed security services amid a complex threat landscape.
  • Inadequate budgets and cost constraints for traditional in-house/premise based security models.
  • Increased regulatory/compliance pressures and stringent data security laws.
  • Lack of qualified security staff.

According to Allied Market Research, the global managed security market is estimated to touch $30 billion by 2020, with cloud-based deployment expected to lead in the coming years. Considering this growing trend, there is no better time than now to join the cloud-based MSS bandwagon. Are you ready for the next wave of security innovation?

Published In: Silicon India

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