target audience: TECH SUPPLIER Publication date: Aug 2023 - Document type: Market Forecast - Doc Document number: # LA50412223
Latin America Managed Security Services Forecast, 2023–2027
Managed security service providers will be able to find opportunities with enterprises as they see the importance of managing risk in a proactive manner rather than being reactive. As cybercriminals become more sophisticated and attacks involve more financial losses, companies will adopt managed security services and seek expert providers for their primary alliances.
“The market for managed security services must consider the need for services with a holistic perspective. They should be able to cover hybrid ecosystems and adhere to an open collaboration perspective that allows the integration of different solutions and providers. It is crucial for companies to comprehend that the foremost obstacle for corporations will persist in constructing cyber resilience competencies that result in budget efficiencies. Cybersecurity departments will continue to evaluate their security architecture and facilitate the consolidation of their solutions. Lastly, the incorporation of analytical and automation skills will continue to put data at the center of security strategies, placing managed service providers in a strategic position to support these initiatives.” Emanuel Figueroa, Senior Analyst, Security Markets | Enterprise, LatAm