Security outsourcing to grow, says IDC

Outsourced security management strategies are set to grow in the Australian and New Zealand markets, taking share from in-house and hybrid security models, according to an IDC Security Services report.

The IDC report says the shift is happening 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, IDC is forecasting a five-year CAGR of 18.9% for security-related services revenue through to 2023.

Getting security sourcing and vendor selection right requires businesses to undertake a thorough evaluation of potential providers, with managed service providers (MSPs) needing to be aligned with the businesses on the security process and longer-term security strategy.

“Changing managed security providers can quickly become disruptive and expensive,” said Emily Lynch, Associate Market Analyst at IDC Australia/New Zealand.

“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.”

According to Lynch, A/NZ technology firms are starting to map their organisations’ security posture and risk profile to evaluate where investment is most needed, and from which security management partners they will receive the most benefit.

“Mapping your organisation’s current security state can identify legacy concern areas but will also inform the future security state and roadmap,” Lynch said.

“A resilient and forward-thinking strategy will be key as businesses weather the current storm and markets get a shake-up.”