TECH SUPPLIER Apr 2020 - Market Perspective - Doc # US46192319
COVID-19 Implications for Security Services
By: Curtis PriceProgram Vice President, Infrastructure Services, Craig RobinsonProgram Director , Security Services, Martha VazquezSenior Research Analyst, Security Services, Christina RichmondProgram Vice President, Security Services
This IDC Market Perspective provides an overview of the implications that the COVID-19 pandemic of 2020 currently has and will have on the cybersecurity service firms that provide their needed services to a cybersecurity-challenged world. The demand for certain segments within the managed and professional security services is addressed for the immediate, short-term, and longer-term windows.
"The COVID-19 pandemic has ramifications for the security service providers in the immediate short-term outlook, as well as the longer-term impact as cyberhygiene takes a back seat to immediate financial concerns for many organizations. IDC sees that service providers need to be prepared to shift resources around to respond to changing market conditions while preparing for the new demands for their capabilities when the world slowly starts to return to a sense of normalcy." — Craig Robinson, program director, IDC's Security Services