Outsourcing security a growing trend
Analyst firm IDC believes there’s a growing shift towards “outsourced security models as organisations look to unify their security posture”.
In the recently released Australia and New Zealand (A/NZ) Security Services report by IDC, the analyst firm predicts security strategies involving outsourced security management are set to grow, taking share from in-house and hybrid security models.
According to IDC the shift comes as A/NZ organisations look to relieve themselves of the costly and inefficient pain points associated with security management, freeing up resources to focus on higher business value tasks.
As a result, the analyst firm is forecasting a five-year CAGR of 18.9 per cent for security-related services revenue to 2023.
Hybrid security management represents a transition zone for organisations migrating towards third-party security partnerships, said Emily Lynch, Associate Market Analyst at IDC A/NZ.
“Organisations are now using successful partnering to enhance security beyond internal capabilities and alleviate compliance headaches,” she said.
However, IDC warns getting security sourcing and vendor selection right requires businesses to undertake a thorough evaluation of potential providers.
According to Lynch managed service providers (MSPs) should not only have strong security credentials and reputation, but also be aligned with the business on the security process and longer-term security strategy.
“Changing managed security providers can quickly become disruptive and expensive,” she said.
“By first evaluating the relevance and quality of a security provider’s partner ecosystem, organisations can then ensure they are getting the alignment right when they partner.
Collaboration is key in the DX era, so taking a long-term view on security partnerships can help businesses enable stronger DX innovations with security embedded, rather than an afterthought”.