Almost every day, new cyber security research appears, underscoring both the challenges facing enterprise CSOs and the opportunities service providers can reap if they can deliver cost-effective, powerful protection to clients across industries.
Research firm after research firm confirms the same basic story line: Budgets, like attacks, are up, but spending is never adequate to combat the slew of hackers and errors. Internal talent is hard to find -- and even more difficult to keep. Businesses large and small, already embracing cloud, want to partner with trusted, proven advisors, and believe cloud typically is more secure than on-premise datacenters. And service providers seek new, ongoing forms of added-value revenue.
We've pulled together this slideshow to illustrate how today's cyber security story is in the numbers. On the slides we've collected, notice the investment organizations make, the challenges around finding qualified talent, the lack of understanding in the C-suite and the never-ending cyber security requirements, and it's clear communication service providers will play an expanding role in creating a safer virtual environment.
The $170 Billion Business
At least two research firms -- Gartner and MarketsandMarkets -- predict organizations will spend at least $170 billion on these technologies by 2020.