IDC predicts growing shift towards outsourced security models as organisations look to unify their security posture.
Security strategies involving outsourced security management are set to grow, taking share from in-house and hybrid
security models, according to the findings of IDC's recently released Australia and New Zealand Security Services
report. This shift comes as A/NZ organisations look to relieve themselves of the costly and inefficient pain points
associated with security management, freeing up resources to focus on higher business value tasks. As a result, IDC is
forecasting a five-year CAGR of 18.9% for security-related services revenue to 2023.
Hybrid security management represents a transition zone for organisations migrating towards third-party security
partnerships. "Organisations are now using successful partnering to enhance security beyond internal capabilities and
alleviate compliance headaches", says Emily Lynch, Associate Market Analyst at IDC Australia/New Zealand.
Getting security sourcing and vendor selection right requires businesses to undertake a thorough evaluation of potential
providers. Managed Service Providers (MSPs) should not only have strong security credentials and reputation, but also be
aligned with the business on the security process and longer-term security strategy.
"Changing managed security providers can quickly become disruptive and expensive," says Lynch. "By first evaluating the
relevance and quality of a security provider's partner ecosystem, organisations can then ensure they are getting the
alignment right when they partner. Collaboration is key in the DX era, so taking a long-term view on security
partnerships can help businesses enable stronger DX innovations with security embedded, rather than an afterthought".
The report, Australia and New Zealand Security Services: Key Trends to Optimise Security, demonstrates that unifying an organisation's security posture requires equal investment across people, processes, and
technology. Companies are now investing across these interlinked areas in order to effectively manage security and stay
ahead of evolving threats, including employee training, software-defined (SD) security solutions, and identity and
access management (IAM) tools.
Australia and New Zealand technology buyers are now starting to map their organisation's current security posture and
risk profile to evaluate where investment is most needed, and from which security management partners they will receive
the most benefit. "Mapping your organisation's current security state can identify legacy concern areas but will also
inform the future security state and roadmap. A resilient and forward-thinking strategy will be key as businesses
weather the current storm and markets get a shake-up".
As COVID-19, and particularly the effects of New Zealand and Australia's measures to prevent its spread, negatively
affects businesses and reduces cash flow, security is one thing that A/NZ tech buyers should not reduce investment in.
Communication through the ecosystem and with services providers on security priorities in the face of COVID-19
disruptions will further strengthen partnerships and ensure that key business priorities are still being met during this
turbulent period for local and global markets.