It security and compliance

A recent survey showed that 58% of businesses are worried about cyber attacks. This is not surprising given historical as well as recent events covered in the media. In order to address these and other concerns, more and more businesses are opting to outsource their IT security and other necessary services to managed service providers.

According to a 2015 survey, 66% of the participating businesses indicated that they utilized the services of an outside IT firm during 2014. Deloitte’s 2016 Global Outsourcing Survey revealed that 31% of business IT services were being outsourced in 2015. When surveyed about their reasons for using a managed service provider, 61% of the companies reported that they did so given the return on their investment. Enhanced security and compliance were the reasons provided by 38% of the participating companies. It’s interesting to note that this applied to companies of all sizes.

While 96% of businesses recently reported that they have a disaster recovery solution, just 50% are using cloud-based technology to back-up their data along with other aspects of their infrastructure. Some companies may experience more downtime than others due to a single event. However, 54% of the companies surveyed reported that they experienced over eight hours of downtime due to a singular event.

Given the ongoing concern with cyber attacks, forecasts show that IT spending and the managed security services market will continue to experience considerable growth. Gartner’s most recent forecast indicated that by 2018, IT spending is projected to reach $3.7 trillion on a worldwide basis. Furthermore, by 2020, the managed security services market is expected to increase from $17.02 billion to $33.68 billion.

In addition to providing enhanced IT security in the form of server monitoring and maintenance, an information technology consulting firm can provide other vital managed IT support services. Since your company wants to experience business continuity, it makes sense to schedule a consultation with an IT firm. At this time, you will be able to learn more details about how these firms can be of benefit to your company.