The shortage of in-house security expertise is compelling many organizations worldwide to turn to professional security services, according to research from Frost & Sullivan. Also contributing to market demand is the endless progression in sophisticated advanced persistent cyber threats, the report says.
The study, “Professional Security Services in North America,” says market revenues reached $1 billion in 2013 and will increase to $1.9 billion by 2018. This study covers security advisory, implementation and technical services.
“Unprepared organizations, when notified of a breach by external entities such as the FBI, are increasingly employing professional security service providers to address security emergencies,” Frank Dickson, Frost & Sullivan network security research director, said in a statement. “Evolving compliance requirements for organizations will also amplify the need for professional security services.”
While more organizations are opting to outsource security services, some remain reluctant to employ professional security services because they’re concerned about ceding control of or extending visibility into their sensitive data to outsiders, the report notes.
Professional security service providers should present a logical business case, including a compelling return on investment for migrating security functions while “assuaging their customers’ emotional concerns about the sanctity of their sensitive data,” the report says. “Furthermore, providers of professional security services need to include a strong managed security services component to their product portfolio too, as the link between managed security services and professional services is unmistakable,” Dickson said.
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