With cyber threats becoming increasingly sophisticated and frequent, organizations of all sizes are looking for ways to improve their security posture. Managed Service Providers (MSPs) have long played a critical role in managing IT infrastructure and applications for businesses, but now, the focus is shifting towards security. The rise of managed security services is changing the MSP landscape, providing organizations with a more proactive approach to security and reducing the risk of cyber attacks. In this blog post, we’ll explore the rise of managed security services and how they’re changing the MSP landscape.

Increased demand for managed security services

As cyber threats continue to evolve, businesses are looking for ways to improve their security posture. However, many organizations lack the in-house expertise and resources to effectively manage their security. This is where MSPs come in. By offering managed security services, MSPs can provide businesses with the expertise and resources they need to improve their security posture and reduce the risk of cyber attacks. According to a report by MarketsandMarkets, the global market for managed security services is expected to reach $47.6 billion by 2023, up from $24.1 billion in 2018.

More proactive approach to security

Traditionally, MSPs have focused on managing IT infrastructure and applications, with security as an afterthought. However, the rise of managed security services has led to a more proactive approach to security. Managed security services providers (MSSPs) focus on identifying and mitigating security threats before they can cause harm. They offer a range of security services, including threat detection and response, vulnerability management, and compliance management. By taking a proactive approach to security, MSSPs can help organizations reduce the risk of cyber attacks and minimize the impact of any security incidents.

Specialized security expertise

Managed security services providers often have specialized security expertise that is not available in-house. They employ security experts who have experience dealing with a wide range of security threats and are up-to-date with the latest security trends and best practices. By working with an MSSP, organizations can access this expertise and benefit from customized security solutions that meet their specific needs.

Flexible and scalable security solutions

Managed security services are flexible and scalable, which makes them ideal for businesses of all sizes. MSSPs offer a range of security services that can be tailored to meet the specific needs of each client. They can also scale their services up or down based on the client’s needs, providing a cost-effective way to manage security. Additionally, by outsourcing security to an MSSP, organizations can free up resources and focus on their core business activities.

Compliance and regulatory requirements

Many industries have specific compliance and regulatory requirements related to data security. Managed security services providers are well-versed in these requirements and can help organizations stay compliant. They can also provide regular security assessments and audits to ensure that organizations are meeting their security obligations.

In conclusion, the rise of managed security services is changing the MSP landscape, with more MSPs adding security services to their offerings. By offering managed security services, MSPs can provide organizations with a more proactive approach to security, access to specialized security expertise, flexible and scalable security solutions, and compliance and regulatory assistance. With cyber threats becoming increasingly sophisticated and frequent, managed security services are becoming a critical component of any organization’s security strategy.