Charting the Road to Security Revenue: Growing Your Security Practice with WatchGuard
As midmarket businesses evolve their IT environment, suffering a breach should not be a rite of passage, yet 53% have experienced at least two security incidents in the last 24 months.
Despite being smaller than their large enterprise counterparts, midmarket organizations typically retain a wealth of valuable data, but fewer resources with which to defend themselves. This issue is exacerbated as they expand their digital transformation initiatives that were already in progress before the COVID-19 global health crisis and face a forced acceleration due to having to rapidly increase support and security for a newly expanded remote workforce.
The need for Managed Security Service Providers (MSSPs) who can help these businesses stay safe and on track to meet their digital transformation goals has never been greater. Transitioning from an IT support services practice to one that delivers cybersecurity and risk management can be a boon for service providers looking to build their businesses, accelerate growth and strengthen client relationships.
Spending on managed security is on the rise, with the MSSP market projected to grow from US$31.6 billion in 2020 to US$46.4 billion by 2025. Security promises to be a primary need for businesses of all sizes for the foreseeable future.
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