Posted by Mumbai: 67% of Indian enterprises are looking at outsourcing key areas of their security landscape to managed security service providers (MSSPs) in the next three years, according to the latest IDC survey.
Interestingly, the IDC’s Future of Trust India survey, revealed that 67% of Indian enterprises are looking to outsource key areas of their security landscape to MSSPs in the next three years. Also, it observed that there’s an increasing trend towards consolidation of MSSPs, which enterprises are partnering with.
“While traversing towards investing in digital transformation initiatives and running a viable digital business, enterprises in India must also look at outsourcing key functions such as threat detection, security operations, and risk mitigations to external security services providers as a part of their enterprise strategy and also to improve operational efficiencies and bottom-line,” said Sakshi Grover, Research Manager – Future of Trust, IDC India and Asia/Pacific.
“A lot of enterprises go with security service providers that can offer global capabilities in a local delivery model and can help them in unifying their vendor ecosystem by offering a plethora of services under one umbrella,” added Grover.
The survey also revealed some of insights, which that can provide guidance to business leaders.
1: 72.5% of the enterprises stated that they use threat intelligence products or services in their organisation, and 26.5% stated that they plan to implement it in the next two years.
2: Almost 92% of the enterprises stated that they believe the use of secure access service edge (SASE) will grow as a part of their enterprise’s strategy to implement a more agile, pervasive cybersecurity strategy.
3: Majority of the enterprises stated that their major challenge using an IAM solution is deploying authentication and access controls for partners and contractors, and balancing security requirements and user experience for customers and employees concurrently. A similar trend is observed across all industries such as BFSI, professional services, healthcare, and retail and wholesale, with the exception being manufacturing, where challenges arising from legacy solutions and perimeter-based architecture were also predominant.
4: Majority of the enterprises stated that the alarming increase in sophisticated external cyber threats and cybersecurity attacks is one of their most significant challenges in establishing organisational trust today.
5: The survey also revealed the key drivers towards establishing trust in today’s ecosystem, and the number of times enterprises interact with the CEO and the board on the topics of trust.
“Security must now become a central and vital topic within operations, across the C-suite, and elevated at the board level. The principal challenge Indian enterprises are facing today is the difficulty to tackle increasingly sophisticated external cyber threats and cybersecurity attacks,” said Sharath Srinivasamurthy, AVP – IDC India.
“Beyond the same, complex regulatory requirements, lack of visibility into applications and data assets, and lack of security culture and awareness amongst employees remain a common challenge,” added Srinivasamurthy.