U.S. Firms Strengthen Cybersecurity as Data Breaches Soar
The 2024 ISG Provider Lens™ Cybersecurity report reveals that U.S. enterprises are intensifying their cybersecurity investments due to a surge in data breaches. Key findings include:
1. Healthcare and financial services are the most targeted sectors.
2. Companies are adopting AI for vulnerability analysis and prediction.
3. Extended Detection and Response (XDR) and Security Service Edge (SSE) are becoming essential.
4. Large enterprises are implementing Zero Trust Architectures (ZTAs).
5. SMBs are focusing on fundamental security measures and managed services.
The report evaluates 108 providers across ten quadrants, with IBM leading in six quadrants. Other notable leaders include Accenture, Deloitte, and TCS.
Il report sulla cybersecurity 2024 di ISG Provider Lens™ rivela che le imprese statunitensi stanno intensificando i loro investimenti in cybersecurity a causa di un aumento delle violazioni dei dati. Le principali conclusioni includono:
1. I settori maggiormente presi di mira sono quello sanitario e finanziario.
2. Le aziende stanno adottando l'IA per l'analisi delle vulnerabilità e la previsione.
3. L'Extended Detection and Response (XDR) e il Security Service Edge (SSE) stanno diventando essenziali.
4. Le grandi imprese stanno implementando Architetture Zero Trust (ZTA).
5. Le PMI si concentrano su misure di sicurezza fondamentali e servizi gestiti.
Il report valuta 108 fornitori in dieci quadranti, con IBM che guida sei quadranti. Altri leader notevoli includono Accenture, Deloitte e TCS.
El informe de ciberseguridad 2024 de ISG Provider Lens™ revela que las empresas de EE. UU. están intensificando sus inversiones en ciberseguridad debido a un aumento en las violaciones de datos. Las conclusiones clave incluyen:
1. Los sectores más objetivos son el de salud y servicios financieros.
2. Las empresas están adoptando inteligencia artificial para el análisis y la predicción de vulnerabilidades.
3. La Detección y Respuesta Extendida (XDR) y el Borde de Servicios de Seguridad (SSE) se están volviendo esenciales.
4. Las grandes empresas están implementando Arquitecturas de Confianza Cero (ZTA).
5. Las pymes se están centrando en medidas de seguridad fundamentales y servicios gestionados.
El informe evalúa a 108 proveedores en diez cuadrantes, con IBM liderando en seis cuadrantes. Otros líderes notables incluyen a Accenture, Deloitte y TCS.
2024년 ISG Provider Lens™ 사이버 보안 보고서는 미국 기업들이 데이터 유출의 급증으로 사이버 보안에 대한 투자를 강화하고 있다고 밝혔습니다. 주요 발견사항은 다음과 같습니다:
1. 의료 및 금융 서비스 부문이 가장 공격받고 있습니다.
2. 기업들이 취약점 분석 및 예측을 위해 AI를 채택하고 있습니다.
3. 확장 탐지 및 대응(XDR)와 보안 서비스 엣지(SSE)가 필수 요소가 되고 있습니다.
4. 대기업들은 제로 트러스트 아키텍처(ZTA)를 구현하고 있습니다.
5. 중소기업(SMB)은 기본적인 보안 조치와 관리형 서비스에 집중하고 있습니다.
이 보고서는 10개 사분면에서 108개의 공급자를 평가하며, IBM은 6개 사분면에서 선두를 차지하고 있습니다. 그 외 주목할 만한 리더로는 Accenture, Deloitte 및 TCS가 있습니다.
Le rapport sur la cybersécurité 2024 d'ISG Provider Lens™ révèle que les entreprises américaines intensifient leurs investissements en cybersécurité en raison d'une augmentation des violations de données. Les principales conclusions comprennent :
1. Les secteurs de la santé et des services financiers sont les plus ciblés.
2. Les entreprises adoptent l'IA pour l'analyse et la prédiction des vulnérabilités.
3. La détection et la réponse étendues (XDR) et le Security Service Edge (SSE) deviennent essentiels.
4. Les grandes entreprises mettent en œuvre des Architectures Zero Trust (ZTA).
5. Les PME se concentrent sur des mesures de sécurité fondamentales et des services gérés.
Le rapport évalue 108 fournisseurs dans dix quadrants, avec IBM en tête dans six quadrants. D'autres leaders notables incluent Accenture, Deloitte et TCS.
Der Cybersecurity-Bericht 2024 von ISG Provider Lens™ zeigt, dass US-Unternehmen ihre Investitionen in Cybersecurity verstärken aufgrund eines Anstiegs von Datenverletzungen. Die wichtigsten Erkenntnisse umfassen:
1. Das Gesundheitswesen und die Finanzdienstleistungen sind die am meisten ins Visier genommenen Sektoren.
2. Unternehmen setzen KI zur Analyse und Vorhersage von Schwachstellen ein.
3. Extended Detection and Response (XDR) und Security Service Edge (SSE) werden unverzichtbar.
4. Große Unternehmen implementieren Zero Trust-Architekturen (ZTA).
5. KMU konzentrieren sich auf grundlegende Sicherheitsmaßnahmen und verwaltete Dienste.
Der Bericht bewertet 108 Anbieter in zehn Quadranten, wobei IBM in sechs Quadranten führend ist. Weitere bemerkenswerte Führungskräfte sind Accenture, Deloitte und TCS.
- Increasing adoption of AI technologies for vulnerability analysis and protection
- Growing implementation of Zero Trust Architectures (ZTAs) by large enterprises
- Rising demand for cybersecurity tools and services in the U.S. market
- Emergence of extended detection and response (XDR) and security service edge (SSE) as essential enterprise platforms
- Significant rise in data breaches between 2022 and 2023
- Increased complexity for enterprise security teams due to new laws and proposals
- Growing risk from attacks against third-party vendors in complex supply chains
- Resource constraints for SMBs in implementing comprehensive security measures
Insights
The surge in cybersecurity investments by U.S. enterprises is a significant trend with far-reaching implications for the tech sector and related industries. This uptick is driven by an alarming increase in data breaches, particularly targeting healthcare and financial services. The report highlights several key developments:
- Growing adoption of AI for vulnerability analysis and threat prediction
- Shift towards zero trust architectures (ZTAs) among large enterprises
- Increasing focus on supply chain security
- Rising demand for managed security services among SMBs
These trends indicate a maturing cybersecurity market with potential for sustained growth. For investors, this suggests opportunities in companies providing advanced cybersecurity solutions, AI-powered security tools and managed security services. However, the market's complexity and the rapid pace of technological change may lead to consolidation, favoring established players with comprehensive offerings.
The report's identification of IBM, Accenture, Deloitte and TCS as leaders in multiple quadrants underscores the strength of large, diversified tech consultancies in this space. This could signal potential outperformance for these firms in the cybersecurity segment. Conversely, the emergence of specialized providers as leaders in specific quadrants suggests a fragmented market with room for niche players to capture market share in specialized areas.
Overall, the cybersecurity sector appears poised for continued growth, driven by regulatory pressures and the evolving threat landscape. Investors should monitor both established leaders and innovative newcomers in this dynamic market.
The cybersecurity landscape is undergoing a significant transformation, with several technological shifts worth noting:
- The rise of Extended Detection and Response (XDR) and Security Service Edge (SSE) as essential enterprise platforms marks a move towards more integrated, cloud-native security solutions.
- The adoption of Zero Trust Architectures (ZTAs) represents a fundamental shift in security philosophy, moving away from perimeter-based models to a more granular, identity-centric approach.
- The integration of AI in cybersecurity tools for predictive analysis and threat detection is a game-changer, potentially improving response times and accuracy.
- Emerging technologies like quantum computing and passwordless identity access management are on the horizon, promising to reshape the cybersecurity landscape further.
These trends suggest a growing sophistication in enterprise security strategies, with a focus on resilience and adaptability. The mention of companies rationalizing their security stacks indicates a move towards more efficient, integrated solutions, which could benefit providers offering comprehensive platforms.
For investors, this technological evolution presents both opportunities and challenges. Companies at the forefront of XDR, SSE and AI-powered security solutions may see increased demand. However, the rapid pace of innovation also means that today's leaders could quickly become tomorrow's laggards if they fail to keep up.
The report's emphasis on cloud-based security offerings for SMBs also highlights a growing market segment. This trend could benefit cloud-native security providers and managed security service providers (MSSPs) catering to smaller businesses.
Overall, the cybersecurity sector appears to be in a state of rapid technological advancement, driven by the need to counter increasingly sophisticated threats. This dynamic environment favors agile, innovative companies capable of delivering cutting-edge solutions while also addressing the growing complexity of regulatory compliance.
The cybersecurity market is showing strong growth signals, driven by increasing threats and regulatory pressures. This trend has several financial implications:
- Increased enterprise spending on cybersecurity solutions and services, potentially boosting revenues for leading providers.
- Growing demand for AI-powered security tools, which could lead to higher margins for companies with advanced AI capabilities.
- Rising adoption of managed security services, especially among SMBs, suggesting a stable, recurring revenue stream for MSSPs.
- Potential for market consolidation as companies seek to offer comprehensive security platforms, which may lead to M&A activities.
The report's identification of multiple leaders across various quadrants suggests a competitive market with no single dominant player. This competition could pressure margins but also drive innovation.
Investors should note the strong positioning of large tech consultancies like IBM, Accenture, Deloitte and TCS. These firms' broad capabilities and established client relationships could translate into sustained market share and revenue growth in the cybersecurity segment.
The emergence of specialized providers as leaders in specific quadrants indicates opportunities for niche players. However, the trend towards integrated solutions might favor larger, more diversified companies in the long term.
The increasing complexity of regulatory compliance mentioned in the report could drive demand for compliance-focused security solutions, potentially creating a lucrative sub-segment within the broader cybersecurity market.
Overall, the cybersecurity sector appears poised for continued growth, with potential for both revenue expansion and margin improvement as companies leverage AI and other advanced technologies. However, investors should be mindful of the sector's rapid evolution and the potential for swift changes in competitive positioning.
Enterprises update their arsenals with new tools and services to defend against rising wave of more advanced attacks, ISG Provider Lens™ report says
The 2024 ISG Provider Lens™ Cybersecurity — Solutions and Services report for the
“New threats and powerful attack mechanisms have exposed weaknesses in critical infrastructure at
While
Several emerging technologies, including quantum computing and passwordless identity access management, are rapidly gaining potential. Globally, extended detection and response (XDR) and security service edge (SSE) are becoming essential enterprise platforms.
More organizations, especially large enterprises, are implementing zero trust architectures (ZTAs) in place of traditional perimeter-based security to shrink potential attack surfaces and minimize the impacts of breaches, ISG says. This requires skilled personnel and significant investments in access controls, identity management and continuous verification.
Large companies with complex supply chains face growing risk from attacks against third-party vendors linked to their IT systems, the report says. They are beginning to assess these vendors’ security postures and take a stronger role in managing risk across the supply chain.
Many small and medium-sized businesses (SMBs) are focusing on fundamental security measures such as automated patch management and user education, ISG says. For technologies and skills beyond the reach of internal IT departments, small firms are turning to managed security services and cloud-based security offerings.
“SMBs have fewer resources and may present smaller targets to attackers, but many are instituting strong security practices with help from service providers,” said Jan Erik Aase, partner and global leader, ISG Provider Lens Research.
The report also explores other cybersecurity trends in the
For more insights into major security challenges at
The 2024 ISG Provider Lens™ Cybersecurity — Solutions and Services report for the
The report names IBM as a Leader in six quadrants. It names Accenture, Deloitte and TCS as Leaders in four quadrants each. Capgemini, Cyberproof, Cyderes, Eviden, HCLTech, Infosys, Kudelski Security, Optiv, Proficio, PwC, Rackspace Technology, Trustwave, Unisys and Wipro are named as Leaders in three quadrants each. Broadcom, EY, KPMG, Kroll, Microsoft, Palo Alto Networks, Presidio, Thales and Verizon Business are named as Leaders in two quadrants each. BeyondTrust, Cato Networks, Cisco, Critical Start, CrowdStrike, CyberArk, Forcepoint, Fortinet, Netskope, Okta, One Identity (OneLogin), Ping Identity, SailPoint, Saviynt, SentinelOne, Trend Micro, Versa Networks and Zscaler are named as Leaders in one quadrant each.
In addition, EY and Persistent Systems are named as Rising Stars — companies with a “promising portfolio” and “high future potential” by ISG’s definition — in two quadrants each. Capgemini, Kroll, ManageEngine, Microland, Skyhigh Security and Trellix are named as Rising Stars in one quadrant each.
In the area of customer experience, Zensar Technologies is named the global ISG CX Star Performer for 2024 among cybersecurity providers. Zensar Technologies earned the highest customer satisfaction scores in ISG's Voice of the Customer survey, part of the ISG Star of Excellence™ program, the premier quality recognition for the technology and business services industry.
Customized versions of the report are available from Cyberproof and IBM.
The 2024 ISG Provider Lens™ Cybersecurity — Solutions and Services report for the
About ISG Provider Lens™ Research
The ISG Provider Lens™ Quadrant research series is the only service provider evaluation of its kind to combine empirical, data-driven research and market analysis with the real-world experience and observations of ISG's global advisory team. Enterprises will find a wealth of detailed data and market analysis to help guide their selection of appropriate sourcing partners, while ISG advisors use the reports to validate their own market knowledge and make recommendations to ISG's enterprise clients. The research currently covers providers offering their services globally, across
About ISG
ISG (Information Services Group) (Nasdaq: III) is a leading global technology research and advisory firm. A trusted business partner to more than 900 clients, including more than 75 of the world’s top 100 enterprises, ISG is committed to helping corporations, public sector organizations, and service and technology providers achieve operational excellence and faster growth. The firm specializes in digital transformation services, including AI and automation, cloud and data analytics; sourcing advisory; managed governance and risk services; network carrier services; strategy and operations design; change management; market intelligence and technology research and analysis. Founded in 2006, and based in
View source version on businesswire.com: https://www.businesswire.com/news/home/20240725455822/en/
Will Thoretz, ISG
+1 203 517 3119
will.thoretz@isg-one.com
Julianna Sheridan, Matter Communications for ISG
+1 978-518-4520
isg@matternow.com
Source: Information Services Group, Inc.
FAQ
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