Market Analysis
published on Jan 06, 2021
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Report Overview:
NelsonHall's market analysis of the Cyber Resiliency Services consists of 47 pages.
Who is this Report for:
NelsonHall’s “Resiliency Services” report is a comprehensive market assessment report designed for:
- Sourcing managers investigating sourcing developments within the managed security outsourcing market
- Vendor marketing, sales and business managers developing strategies to target ITO service opportunities within Resiliency Services
- Financial analysts and investors specializing in the IT services sector, including Resiliency services.
Scope of this Report:
The report analyzes the worldwide market for resiliency services and addresses the following questions:
- What is the market size and projected growth for the global resiliency services market by geography?
- What is the profile of activity in the global resiliency services market by industry sector?
- What are the top drivers for adoption of Resiliency Services?
- What are the benefits currently achieved by users of Resiliency Services?
- What factors are inhibiting user adoption of Resiliency Services?
- What pricing mechanisms are typically used within resiliency services and how is this changing?
- Who are the leading resiliency services vendors globally and by geography?
- What combination of services is typically provided within resiliency services contracts and what new services are being added?
- What is the current pattern of delivery location used for resiliency services and how is this changing?
- What services are delivered from onshore and which from offshore?
- What are the challenges and success factors within Resiliency Services?
Key Findings & Highlights:
NelsonHall’s market analysis of the managed security services market consists of 47 pages. The report focuses on cyber resiliency services contracts.
Issues currently affecting cybersecurity can include:
- An increasing number of regulations that carry the risk of fines
- Backups can be difficult to manage and are subject to regulations, for example, incorporating GDPR’s right to be forgotten, and add data storage costs
- Cyber resiliency awareness is low within organizations and remains one of the major areas of vulnerability
- Difficulty in keeping abreast of evolving best practices for next generation technologies such as cloud, IoT, RPA, blockchain, and quantum
- Organizations holding a large number of legacy applications which require heavy investment to patch to meet required standards. Organizations may find that patching these applications is uneconomical
- Increasing ease and sophistication of attacks. Attackers now have online stores in which they can purchase services to attack organizations
- While cybersecurity talent is becoming less of an issue among the vendors, at the client level, cybersecurity talent can be difficult to assess and retain
- A new wave of security tools and platforms leveraging AI needs to be understood if the organization wants to reduce the severity of incidents.
Organizations can benefit from outsourcing cyber resiliency services through:
- Using risk analyses performed by vendors to understand the ROI of deploying cybersecurity solutions and procedures for a cost benefit analysis
- Being able to leverage cybersecurity R&D and best practices from vendors with a much greater scale than they could achieve individually to give them a much better understanding of the threats and regulations that exist
- Increased understanding of how backups fit into cyber resiliency strategies, and have those backups effectively managed
- An informed workforce that feels more comfortable with cybersecurity, reduces the number of cyber incidents, and can spot a cyber incident in progress to reduce MTTD
- Increased understanding of how to secure legacy applications and bake security by design into digital transformation projects with DevSecOps
- Use of high levels of cybersecurity as a differentiator with clients
- The ability to leverage highly scalable, highly skilled teams when talent is too costly to hire, and to leverage the highly skilled teams for the likes of legal consultancy.