TECH SUPPLIER Jul 2022 - Market Presentation - Doc # US49431922
Cybersecurity Concerns for Vendors Selling to the SMB IT Markets: Buyer Perspectives and Features They Want
This IDC Market Presentation looks at businesses with 500-4,999 (SMB) employees. This document provides a mix of survey data, product distribution models, competitive drivers, buyer recommendations, and long-term outlook.
The cloud has made the breadth of cybersecurity offers more attractive and practical for the small and medium-sized business (SMB) vector. However, in terms of both budget and talent, SMBs often have to consider IT and cybersecurity in the same fell swoop. SMBs will not have as many options in defense in depth in security tools as bigger companies.
"The cybersecurity options for SMB clients is a story of both historical limitations and new capabilities," said Chris Kissel, research vice president, Security & Trust Products. "The legacy problem is that SMBs are (generally) staffed with generalists as opposed to security specialists. Smaller companies have to make budget-based decisions on the amount of point products and platforms they can afford. On the bright side, the cloud is making the types of analytics such as network detection and response (NDR) and extended detection and response (XDR) affordable for SMBs. Last, managed detection and response (MDR) providers are an increasingly affordable and attractive option for SMBs."
Analytic applications, Cognitive/artificial intelligence, Global IT and economic markets, Infrastructure as a service, Intrusion detection and prevention, Network security, Public cloud services, Security management, Small and medium-sized business