What’s Driving the Market:
Increasing Cyber Threats: The frequency, sophistication and impact of cyberattacks have been increasing. Ransomware attacks have been significantly disruptive to the market. Digital Transformation: As state and local governments and educational institutions modernize their IT infrastructure and adopt cloud services, the need for robust cybersecurity measures becomes paramount. Public Expectation: Citizens and students expect their data to be handled securely. Any breach can lead to a loss of public trust, which can have long-term implications. Legacy Systems: Many state and local governments operate outdated IT systems. These legacy systems can be more vulnerable to cyberattacks, driving the need for increased security spending. Collaboration and Shared Services: Smaller jurisdictions might not have the resources to have their own dedicated cybersecurity teams. This has led to collaborative efforts where multiple entities share cybersecurity resources and costs.
4
Made with FlippingBook - professional solution for displaying marketing and sales documents online