28 Apr 2020
IDC predicts growing shift towards outsourced security models as organisations look to unify their security posture
IDC PRESS RELEASE
Auckland, 17th April 2020
Security strategies involving outsourced security management are set to grow, taking share from in-house and hybrid security models, according to the findings of IDC's recently released Australia and New Zealand Security Services report. This shift comes as A/NZ organisations look to relieve themselves of the costly and inefficient pain points associated with security management, freeing up resources to focus on higher business value tasks. As a result, IDC is forecasting a five-year CAGR of 18.9% for security-related services revenue to 2023.
Hybrid security management represents a transition zone for organisations migrating towards third-party security partnerships. "Organisations are now using successful partnering to enhance security beyond internal capabilities and alleviate compliance headaches", says Emily Lynch, Associate Market Analyst at IDC Australia/New Zealand.
Getting security sourcing and vendor selection right requires businesses to undertake a thorough evaluation of potential providers. Managed Service Providers (MSPs) should not only have strong security credentials and reputation, but also be aligned with the business on the security process and longer-term security strategy.
"Changing managed security providers can quickly become disruptive and expensive," says Lynch. "By first evaluating the relevance and quality of a security provider's partner ecosystem, organisations can then ensure they are getting the alignment right when they partner. Collaboration is key in the DX era, so taking a long-term view on security partnerships can help businesses enable stronger DX innovations with security embedded, rather than an afterthought".
The report, Australia and New Zealand Security Services: Key Trends to Optimise Security, demonstrates that unifying an organisation's security posture requires equal investment across people, processes, and technology. Companies are now investing across these interlinked areas in order to effectively manage security and stay ahead of evolving threats, including employee training, software-defined (SD) security solutions, and identity and access management (IAM) tools.
Australia and New Zealand technology buyers are now starting to map their organisation's current security posture and risk profile to evaluate where investment is most needed, and from which security management partners they will receive the most benefit. "Mapping your organisation's current security state can identify legacy concern areas but will also inform the future security state and roadmap. A resilient and forward-thinking strategy will be key as businesses weather the current storm and markets get a shake-up".
As COVID-19, and particularly the effects of New Zealand and Australia's measures to prevent its spread, negatively affects businesses and reduces cash flow, security is one thing that A/NZ tech buyers should not reduce investment in. Communication through the ecosystem and with services providers on security priorities in the face of COVID-19 disruptions will further strengthen partnerships and ensure that key business priorities are still being met during this turbulent period for local and global markets.
For further information, please contact:
Associate Market Analyst
IDC New Zealand
International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. With more than 1,100 analysts worldwide, IDC offers global, regional, and local expertise on technology and industry opportunities and trends in over 110 countries. IDC's analysis and insight helps IT professionals, business executives, and the investment community to make fact-based technology decisions and to achieve their key business objectives. Founded in 1964, IDC is a wholly-owned subsidiary of International Data Group (IDG), the world's leading tech media, data and marketing services company. To learn more about IDC, please visit www.idc.com. Follow IDC on Twitter at @IDCNewZealand and LinkedIn. Subscribe to the IDC Blog for industry news and insights: http://bit.ly/IDCBlog_Subscribe.
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