How big is the growing market for managed services in cybersecurity?
There are many challenges when it comes to securing IT systems. The resources and skills needed for efficient protection are very specialised and it can be very complicated to foster and maintain these in companies in the long term. Outsourcing is a great option, being efficient, agile, and affordable.
According to one study, the global market for managed services was estimated at 161.37 billion USD in 2021 and could potentially reach 311.32 billion USD by 2027. Growth that can be directly traced back to SMEs outsourcing specific services in order to concentrate on their core business.
And the trend seems to be only just beginning. Managed services also allow companies to benefit from a wide range of services that complement the expertise within their company.
What are managed services?
Managed service providers allow companies to fully or partially outsource operations without losing control of their IT security. They give companies the opportunity to benefit from a larger team with the expertise of qualified professionals. Managed services include:
- Auditing and evaluating the level of security
- Managing the intrusion detection system
- Managing and deploying IT system security solutions
The infrastructure resources as well as technical expertise are provided by the service provider in order to ensure the security of the IT system. This service can be performed both on premise as well as remotely and offers a raft of advantages.
What advantages do managed services offer for companies and how does it work?
This model allows you to focus on your core business without having any niggling doubts about your IT system. It also provides a comprehensive and personalised service that spans the management of the entire IT infrastructure from hardware maintenance to real-time system monitoring.
These types of services provide huge flexibility and allow each company to choose the services that best suit their unique needs. A wide range of services such as preventative maintenance, troubleshooting, data storage, network management, IT security, and more are on offer. Managed service deployment also lowers IT costs by an estimated 25% to 45% and boosts enterprise operational efficiency between some 45% and 65% (source : Intelligent Technical Solutions).
The strength of managed services is in keeping IT systems in the best possible condition. Anticipating issues that companies could encounter to implement sufficient security with maximum availability, all while providing one of the most valuable commodities for everyone—time.
Please don’t hesitate to contact our security experts or visit our website for more information and to answer any questions you might have on cybersecurity projects.