Avasant has unveiled its pioneering RadarView™ market assessment for Cybersecurity Services. The Cybersecurity Services 2019 RadarView™ report covers the top 28 service providers that have shown mature capabilities, future-aligned investments and innovations, and consistent growth in their Cybersecurity offerings. The report recognizes the top service providers as follows:
Leaders: Accenture, AT&T, HCL, IBM, Secureworks, Symantec, Trustwave, Wipro
Innovators: Atos|Syntel, British Telecom, DXC, Fujitsu, NTT Security, TCS, Telefonica
Disruptors: Capgemini, CenturyLink, Cognizant, Infosys, Orange Business Services, Tech Mahindra, Verizon
Challengers: CGI, LTI, Mphasis, T-Systems, UST Global, Zensar
Key research findings include:
– Though Healthcare and BFSI industries constitute 50% of the cybersecurity services revenue, Manufacturing is fast emerging as a high-risk industry for breaches and attacks with the rapid growth in industrial IoT devices and Industry 4.0 initiatives.
– Enterprises are changing the way they identify, select and engage with third party outsourcers, with security criteria being core in the provider evaluation.
– It is imperative for enterprises to have an independent second line of defense (Enterprise Risk Management team) that reviews and checks the first line (Core Information Security team), and involve financial controller and HR for effective security posture.
– It is critical to elevate CISO up in the corporate ladder and directly report to the board, and involve at the beginning of business projects which ensures they are delivered securely for launch, hence mitigate reputation damage and financial loss.
– Cyber insurance premiums written have increased by 50% from 2015 to 2017 and expected to touch USD 10B in next 3 to 5 years, owing to increase in number of cyber data breaches and the transition to cloud-based services.
This Research Byte is a brief overview of the full Cybersecurity Services 2019 RadarView™ report. The full report is available at no charge for Avasant clients, or it may be purchased by non-clients directly from our website (click for pricing).
Avasant’s research and other publications are based on information from the best available sources and Avasant’s independent assessment and analysis at the time of publication. Avasant takes no responsibility and assumes no liability for any error/omission or the accuracy of information contained in its research publications. Avasant does not endorse any provider, product or service described in its RadarView™ publications or any other research publications that it makes available to its users, and does not advise users to select only those providers recognized in these publications. Avasant disclaims all warranties, expressed or implied, including any warranties of merchantability or fitness for a particular purpose. None of the graphics, descriptions, research, excerpts, samples or any other content provided in the report(s) or any of its research publications may be reprinted, reproduced, redistributed or used for any external commercial purpose without prior permission from Avasant, LLC. All rights are reserved by Avasant, LLC.
Login to get free content each month and build your personal library at Avasant.com
