By now cloud-based security services are no longer a niche product, and have made their way into becoming a prominent market trend in IT. According to a study on cybersecurity, about 80% of companies are familiar with cloud-based security offerings – a number that’s only likely to increase as time goes on.
A still-growing market
The cybersecurity market grows along with the threats facing it, and the threats have never been more numerous. According Allied Market Research, the cybersecurity market itself is expected to grow upwards of $42.8 Billion by 2020.
This market isn’t likely to slow down either. As more organizations rely heavily on network-based business practices, the stealing of data or threat of hack is growing ever more dangerous. While previously big hacks may have focused on large corporations or politically motivated groups, hackers are moving towards more small-and-medium sized businesses for easy payouts. This means cybersecurity solutions, especially easy-to-deploy cloud-based security solutions, are becoming a necessary commodity for any business that wants to be secure (hint, all of them).
Keeping up with the hackers
While a large scale organization may have a small army of IT professionals dedicated to thwarting hacks and attacks, smaller companies may not have that luxury. That’s where the need for cloud-based security comes into play.
Smaller organizations need their protection too, and they need it updated as threats present themselves just like the larger corporations. Cloud-based solutions offer them the security and timeliness of a full IT team without the price tag – or headcount – of a personal IT army. And with more small-and-medium-sized businesses becoming the targets debilitating attacks, these safety measures are becoming safety requirements.
Where there’s a threat, there’s money
The cybersecurity market is far from reaching its finale. According to Cybersecurity Ventures, $1 trillion will be spent on cybersecurity between 2017 and 2021 as companies struggle to remain up-to-date on the latest security procedures to fight threats.
If you’re part of one of the aforementioned large corporations with a small IT army, then this spend will be focused in house. For the rest of the IT world, it’s the cloud-based security solutions they’ll be looking to for protection from the latest hacking trends.
Whether your organization is 5 people or 500 people, working with a trusted IT partner is the most surefire way to ensure your cloud-based security technologies are up to speed. Call us at NENs today to work with an IT partner who will help keep your cloud-based security solutions prepared for tomorrow’s next big threat.