What Does This Mean for the Market:
Managed Security Services: Given the talent shortage in cybersecurity, many entities are looking for third-party companies to manage at least part of their security operations, including monitoring, detection and response services. Security Awareness Training: Human error remains the top vulnerability of any organization. Companies can offer training solutions to better educate users on best practices and threat awareness. Identity and Access Management (IAM): Solutions that manage user identities and control access to resources are crucial. Cloud Security Solutions: With more and more data being stored in the cloud, there’s a need for solutions that secure cloud environments, applications and data. Backup and Disaster Recovery: Given the rise of ransomware attacks, solutions that back up data and ensure quick recovery after an incident are essential.
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