Majority Indian Enterprises Want To Outsource Key Security Areas To MSSPs: Report

A report on digital trust revealed that nearly 67 per cent of Indian enterprises say that they are looking at outsourcing key areas of their security landscape to managed security service providers (MSSPs) in next three years.

The IDC report also observed that there is an increasing trend towards consolidating the number of MSSPs the enterprises are partnering with, going forward.

According to a MarketsandMarkets report, the global Managed Security Services market size was worth USD 27.7 billion in 2022 in terms of revenue. The market is expected to generate revenue of around USD 49.6 billion by the end of 2027, growing at a CAGR of 12.3 per cent.

"While traversing towards investing in digital transformation initiatives and running a viable digital business, enterprises in India must also look at outsourcing key functions such as threat detection, security operations, and risk mitigations to external security services providers as a part of their enterprise strategy and also to improve operational efficiencies and bottom-line,” said Sakshi Grover, research manager, Future of Trust, IDC India and Asia/Pacific.

The IDC report also revealed that 72.5 per cent of the enterprises stated that they use threat intelligence products or services in their organisation and 26.5 per cent said that they plan to implement it in the next two years.

“A lot of enterprises go with security service providers that can offer global capabilities in a local delivery model and can help them in unifying their vendor ecosystem by offering a plethora of services under one umbrella," Grover added.