Tag Archives: cybersecurity

Europe & Central Asia, Global

IT Managed Services Sector Hits US$472 Billion in Global Value in 2023

Leave a comment

Findings from a global study commissioned by Cisco and conducted by Canalys, reveal that IT channel partners focusing on managed services are expected to see significant growth in 2023. Despite global economic uncertainty, the projected outlook for managed services indicates a worldwide growth of 12.7%, reaching a total value of US$472 billion. This growth surpasses the estimated 3.5% growth in overall IT spending.

For the Asia Pacific Region (APAC) region, managed services revenue currently stands at US$95 billion, and is expected to experience a growth rate of 14%. In India, the managed services revenue delivered by channel partners in 2022 showed impressive growth, rising by 16.1% compared to the previous year. This surge amounted to a total of US$ 7.4 billion.

Key Drivers: Cybersecurity, Expertise, Demand for Flexible Consumption Models

A key driver of this demand is the pressing need for cybersecurity, as organizations across the globe contend with a rapidly evolving threat landscape. This challenging landscape, in addition to a global shortage of cybersecurity and IT talent, has prompted many organizations to turn to partners in managed services for their technology expertise and support. Findings from the study indicate that 56% of channel partners expect revenues from cybersecurity managed services to grow this year.

“In the digital era where technology plays an increasingly critical role across industries, customer expectations and requirements in the IT landscape are evolving significantly. Organizations are now turning to their partners for solutions that not only provide agility and value, but also offer flexible consumption models to efficiently manage their ever-expanding and intricate technological needs,” said Panish PK, Managing Director, Partner Business Group, Cisco India and SAARC. “It is promising to witness the substantial growth of managed services in India, with 19.4% year-on-year increase in Indian partners providing these services. This growth reflects customers’ evolving IT needs, as well as a major shift in how partners are addressing them.”

“As we move ahead into India’s techade, we see significant opportunities for channel partners to innovate and capitalize on this opportunity by helping companies adapt to emerging technologies and enhance their IT investments to achieve better business outcomes,” he added.

Global Growth

Buoyed by global growth, confidence among channel partners selling managed services has surged significantly. The study reveals that in June 2023, 35% of channel partners said they expect growth of at least 20% in their managed services businesses this year. This represents a significant increase compared to the 27% reported in 2022 and points to a rapid update of managed services by organizations of all sizes.

“Managed services are the force driving the global IT industry’s adaptability and growth. Our research underscores the substantial potential for companies selling managed services, opening up diverse avenues for them to thrive in a post-pandemic era,” said Robin Ody, Senior Analyst at Canalys.

The study also identified cloud infrastructure management as another key growth opportunity. As organizations digitize operations and move to the cloud, they face challenges with complex cloud infrastructure spanning private and public clouds, along with distributed applications and services. This has increased the need for cloud infrastructure management and expertise, with 55% of channel partners saying they expect revenues in this segment to grow in the current year.

Revenue growth for managed service providers is also likely to accelerate with emerging technologies like AI and the growing emphasis on sustainability measures driven by IT investments. According to the study, nearly 6 in 10 partners (59%) believe AI presents a business opportunity, with 39% stating it will be “significant” or “tremendous.” Similarly, 57% believe customers would be willing to pay a premium for sustainability products and solutions.

“At their core, managed services are about businesses getting the most from technology investments, and as new technologies emerge, managed services are vital to an organization’s digital business strategy. By specializing in specific verticals, technologies, or even geographic areas, partners in managed services are helping customers to solve their IT challenges, remove complexity and deliver outcomes that drive a business forward,” said Ody.

The study showed that revenues for partners delivering managed services are poised for global growth between 2023 and 2025, with double-digit Compound Annual Growth Rate (CAGR) figures anticipated across all regions. In Europe, the Middle East and Africa, where managed services revenue is currently US$122 billion, growth is forecast up to 12%. Latin America is expected to grow 11-12% from US$11.5 billion, while North America will see growth of between 10-12% from US$190.6 billion.

Cybersecurity, Technology For SMEs

Fortinet Named Challenger in 2023 Gartner Magic Quadrant for Single-Vendor SASE

Leave a comment

John Maddison, Chief Marketing Officer and EVP, Product Strategy at Fortinet

“Fortinet’s single-vendor SASE solution brings together all of the components needed for comprehensive security across the entire hybrid environment. With unified management and simple licensing, many customers are able to successfully consolidate point products and shift to an OpEx model. We believe that our inclusion in the 2023 Gartner Magic Quadrant for Single-Vendor SASE is a testament to Fortinet’s ability to deliver integrated, enterprise-grade solutions to secure the hybrid workforce.”

Fortinet®, the global cybersecurity leader driving the convergence of networking and security, today announced its position as a Challenger in the 2023 Gartner® Magic Quadrant™ for Single-Vendor SASE. This Magic Quadrant is the first of its kind, and Fortinet is one of only eight vendors included. Fortinet is recognized for its ability to execute and completeness of vision.

Fortinet believes that being recognized as a Challenger in the 2023 Gartner® Magic Quadrant™ for Single-Vendor SASE is a result of its ability to deliver:

  • Converged SD-WAN and cloud-delivered security: FortiSASE seamlessly converges cloud-delivered security, including secure web gateway (SWG), Universal ZTNA, next-generation dual-mode CASB, and Firewall-as-a-Service (FWaaS), with Fortinet’s industry-leading Secure SD-WAN networking solution.
  • Consistent security for the hybrid workforce: Powered by FortiOS, FortiSASE provides uniform security for users no matter the location, whether employees are working on premises, at a branch, or remotely.
  • Superior user experience: Managed from a single console and leveraging a unified agent, natively available SD-WAN capabilities in FortiSASE offer a seamless user experience and empowers organizations to consolidate security products and simplify policy management.
  • Simple licensing: FortiSASE offers a compelling total cost of ownership and simple licensing. Additionally, many services are available at no extra cost, like Universal ZTNA, which enables robust secure access to and from the internet, privately hosted applications, and SaaS applications.
  • AI-Powered Security: FortiSASE uses built-in FortiGuard AI-Powered Security Services, including Web filtering, DNS filtering, SSL inspection, intrusion protection (IPS), sandboxing, and data loss prevention (DLP), to protect against new and emerging threats.

Additional Third-Party Recognition of FortiSASz

Fortinet was also recently named a Leader in the Forrester Wave™: Zero Trust Edge Solutions, Q3 2023 report. Zero Trust Edge is also known as SASE, and Fortinet believes this recognition validates our continuing commitment to developing one of the leading single-vendor SASE solutions on the market.

Additional Resources

Gartner, Magic Quadrant for Single-Vendor SASE, By Andrew Lerner, Jonathan Forest, Neil MacDonald, Nat Smith, Charlie Winckless, 16 August 2023.

Gartner does not endorse any vendor, product or service depicted in its research publications and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s Research & Advisory organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally, Magic Quadrant is a registered trademark of Gartner, Inc. and/or its affiliates and is used herein with permission. All rights reserved

Cybersecurity, Technology For SMEs

Ensign InfoSecurity Featured on MSSP Alert’s Top 250 List

Leave a comment

Ensign InfoSecurity (Ensign), the largest pure-play, end-to-end cybersecurity service provider in Asia Pacific, proudly announces its second consecutive year of recognition as a top 10 Managed Security Services Provider (MSSP) by MSSP Alert in its 2023 Top 250 MSSP List.

Ensign is ranked 7th globally, reaffirming its status as the leading MSSP in the Asia Pacific region. Ensign’s accolades extend beyond MSSP Alert, as the company has also recently received Special Recognition for being the Best Managed Security Service Provider at the PIKOM Unicorn Tech Awards 2023 in Malaysia.

“Our Managed Security Services are underpinned by proprietary AI-Powered Cyber Analytics, a potent tool in countering cyber threats. We excel in training on extensive anonymised datasets, harnessing expert insights, and adopting the MITRE ATT&CK framework to identify behaviours of advanced attackers. Delivered through our EnSOCs (Security Operation Centres), our services provide real-time monitoring for both on-premises and hybrid cloud environments”, said Chua Zong Fu, Head of Managed Security Services at Ensign. “Our mission is to empower organisations to fortify their security posture, optimise cyber investments, and safeguard their invaluable digital assets,” he added.

Ensign places strong emphasis on proactive and early threat detection to effectively neutralise potential risks. Ensign has recently released its 4th edition of their Cyber Threat Landscape 2023 report, providing a deep analysis of the cyber threat groups and vulnerable sectors in the APAC territories of Singapore, Malaysia, Indonesia, South Korea, and Hong Kong. This reflects Ensign’s commitment to providing cutting-edge insights for a robust security posture.

The MSSP Alert’s Top 250 MSSPs list identifies and honours the top MSSPs worldwide by tracking the MSSP market’s ongoing growth and evolution. This recognition reflects Ensign’s continuous growth and dedication to excellence, marking its 5th consecutive appearance on the list.

“MSSP Alert and CyberRisk Alliance congratulate Ensign InfoSecurity on this honor,” said Jessica C. Davis, editorial director of MSSP Alert, a CyberRisk Alliance resource. “The Top 250 MSSPs continue to outperform the overall cybersecurity services market in 2023. It’s an indication of the strength of managed security services provided by these specialists at a time when cybercrime has accelerated and threatens businesses of every size and from every industry.”

Click here to download the list and associated report.

Cybersecurity, Technology For SMEs

VeeamON Tour India Extends to Bangalore: Emphasizes Cybersecurity

Leave a comment

Veeam® Software, the global leader in Data Protection and Ransomware Recovery, hosted VeeamON Tour India 2023 in Bangalore today, which received 400 registrations. This initiative by Veeam aims to build a community event for data recovery experts, reflecting the company’s constant dedication to data security and ransomware recovery.

Designed by and for backup and recovery experts, the Bengaluru edition of VeeamON Tour India hosted a CIO Panel discussion on ‘Navigating the Digital Frontier: Cyber Resilience and Backup Disaster Recovery in an Evolving Threat Landscape.’ The panel was led by Mr. Sandeep Bhambure, Vice President and Managing Director, Veeam Software for India & SAARC, and attended by Abdul Rahman, Director- Infrastructure Services, Collins Aerospace and Stanly Kumar, Sr. Scientific Officer, Karnataka State Remote Sensing Applications Centre leader. The panel discussion delved deep into the challenges, strategies, and best practices associated with maintaining a robust cybersecurity posture and implementing efficient backup and disaster recovery measures.

VeeamON Tour India, Bengaluru offered a glimpse into the future of data protection by showcasing innovations around Veeam Data Platform, cloud-native solutions for AWS, Veeam M365 demo, Veeam & AWS Cloud Transformation Journey, a session on 5 Levels of Unbreakable Cyber Resiliency and much more. This event was strategically designed to facilitate an in-depth exploration of solution-oriented sessions, empowering industry experts to enhance their proficiency in cloud and security capabilities.

Securing important organizational data has grown increasingly important in an era when cyberattacks are on the rise across industries. During the event, Veeam Software also shared insights from its latest Veeam® 2023 Ransomware Trends Report which suggests that one in seven organizations will see almost all (>80%) data affected as a result of a ransomware attack. Additionally, Veeam alongside Women in Cloud, also hosted the #WICxIndia 2023 at VeeamON Tour India, in Bengaluru. This monumental initiative celebrates India’s groundbreaking cloud and artificial intelligence (AI) ecosystem while creating pathways for women’s leadership growth.

Speaking about this initiative, Mr. Sandeep Bhambure, Vice President & Managing Director, Veeam Software for India & SAARC, said, “We are delighted to host the Bangalore edition of VeeamON Tour India. Amidst the increasing frequency of cyberattacks, organizations require a proactive strategy for data protection and recovery. As the world’s leading experts in data protection and ransomware recovery, we advocate for effective data recovery procedures. India has emerged as a significant technology center today. The VeeamON Tour India ensures that organizations are cognizant of the importance of data recovery in today’s dynamic threat landscape. With expert-led discussions, top-notch training, designs and demos for cyber threat management and cloud-powered data protection, we are excited to share our vision for the future of data protection and ransomware recovery and assist our Veeam Community in overcoming the challenge of rapidly evolving persistent security threats.”

VeeamON Tour India is scheduled in five additional locations across the country phased through the rest of the month to spread awareness on the growing demand for data security solutions and ransomware and show how organizations can own, back up, and recover data irrespective of where it resides. The remaining cities include:

  • Pune, September 13th
  • New Delhi, September 14th
  • Hyderabad, September 20th
  • Kolkata, September 27th
  • Chennai, September 29th
Corporate, InFocus

Netskope Acquires Kadiska to Enhance SASE Digital Experience Management

Leave a comment

Netskope, a leader in Secure Access Service Edge (SASE), today announced the acquisition of digital experience monitoring innovator Kadiska. The news follows the announcement last week of significant enhancements to Netskope’s Digital Experience Management (DEM) capabilities with the introduction of Netskope Proactive DEM (P-DEM), and cements Netskope’s advances in the ability to monitor and proactively remediate performance, and assure experience across the entire SASE architecture – from SD-WAN to SSE – as well as across the cloud and application estate. 

Digital Experience Management has become a key component of a SASE architecture, where security and networking converge to securely and optimally connect users, devices and locations to applications, websites and data wherever they reside. Actively monitoring network and application performance from a user’s perspective – and leveraging AI and ML to enable proactive remediation of issues – ensures the success of digital transformation projects such as hybrid work, and digitised customer experiences. Netskope Proactive DEM provides experience management capabilities spanning the company’s SASE architecture, including Netskope Intelligent SSE, Netskope Borderless SD-WAN and the Netskope NewEdge global infrastructure. 

Kadiska was founded in 2020 and is headquartered in France, with a hybrid international team of Digital Experience Management experts. With decades of experience in DEM, Application Performance Monitoring (APM), and Network Performance Monitoring (NPM), the Kadiska team built its technology to combine real user experience monitoring (RUM) with end-to-end network and application performance visibility from user devices to hybrid, SaaS and cloud applications. These capabilities complement and enhance Netskope’s AI and ML -fuelled proactive experience remediation right across the stack. 

Sanjay Beri, CEO and co-founder of Netskope commented; “The founding vision of Kadiska matches uncannily well with the Netskope platform vision. Both technologies have been built to recognise the new world where data, users, cloud infrastructure and applications are all dispersed, leaving blindspots and challenges for organizations seeking to control and optimize experience and security. We already share some very large global customers, and seeing the appetite for the integration – bringing together the capabilities of both companies – really proved to us the rationale for this acquisition.”

Gilles Huguenin, CEO at Kadiska commented; “Through a 20 year journey, the Kadiska team has assembled unparalleled experience, bringing together individuals with a deep understanding of the challenges and opportunities for improving digital experience across complex modern infrastructure, applications and hybrid workplaces. We are incredibly excited that our team and technology has become a part of the Netskope platform as it aligns perfectly with our commitment to helping organizations overcome the historical trade-offs between security and user experience.”

Leading analysts estimate SASE to be a $36 billion market opportunity by 2025, and Gartner® predicts the market to grow at a CAGR of 36% over the next five years. Gartner also expects that, by 2026, at least 60% of infrastructure and operations leaders will use DEM to measure application, services and endpoint performance from the user’s viewpoint, up from less than 20% in 2021.

Frank Dickson, Group Vice President, Security and Trust at IDC commented on the announcement; “Enterprises across the globe are undertaking security and network transformation to support changing working patterns and new IT architectures. These projects seek to provide secure, high-quality connectivity for every user, on any device, from anywhere to any application, which makes the ability to monitor, manage and optimize the users’ experience a critical success factor. This acquisition by Netskope demonstrates the company’s focus on providing a complete platform for its customers, giving both security and networking teams the ability to understand, in real time, how networks and applications are performing, and take action as needed.”

For more information on Netskope Proactive DEM, visit www.netskope.com/products/digital-experience-management.

Gartner Disclaimer

Gartner does not endorse any vendor, product or service depicted in its research publications and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved.

Europe & Central Asia, Global

Kaspersky Endpoint Detection and Response Expert Demonstrated the Absolute Efficiency on APT Protection

Leave a comment

For the second year in a raw, Kaspersky Endpoint Detection and Response (EDR) Expert has earned the maximum possible points of ’The Total Accuracy Rating’ in the Enterprise Advanced Security test of EDR solutions conducted by SE Labs.

The Global Endpoint Detection and Response Market is still growing, expected to reach a global size of $7.1 billion by 2028. As the number of threats increase and attacks themselves become more sophisticated, it is important for companies to have reliable detection and response solutions to protect their business environment across all devices.

Independent security testing organization SE Labs ran sixteen full chain attacks based on four different advanced persistent threats (APTs) – Turla, Ke3chang, Kimsuky and ThreatGroup3390 against six market leading EDR products to assess their detection abilities. These attacks were based on real attackers’ behavior and each product was examined at different stages: from penetration and permission escalation, till propagation through corporate network and data exfiltration.

Kaspersky EDR Expert managed to detect each of the sixteen attacks, across all stages, receiving a ‘Total Accuracy Rating’ of 100% gaining the maximum possible 1188 points. This score came from the product’s ‘Detection Accuracy’ and ‘Legitimate Accuracy’ ratings, meaning that it not only identified each stage of attacks, but it also avoided generating any false positives. The Kaspersky solution was awarded with the highest possible ‘AAA’ rating.

“Independent tests let us control the quality of our solutions and confirm the company’s success in keeping up with the evolving threat landscape. We are excited to receive recognition from SE Labs regarding Kaspersky EDR Expert’s superior capabilities. It proves that we are moving in the right direction”, comments Alexander Liskin, Head of Threat Research at Kaspersky.

“Kaspersky has performed consistently well in SE Labs’ advanced security testing from the very beginning. Our tests expose products to standard and advanced threats faced by businesses and individuals across the globe. This is an extremely challenging prospect and the fact that Kaspersky has a demonstrated history of success is extremely admirable,” says Simon Edwards, Founder and CEO, SE Labs

Kaspersky Endpoint Detection and Response Expert provides comprehensive visibility across all endpoints on a company’s corporate network and delivers superior defense, automating routine EDR tasks, enabling analysts to speedily hunt out, prioritize, investigate, and neutralize complex threats and APT-like attacks.

The full results of the Enterprise Advanced Security tests run by SE Labs are available via this link. To read more about awards and recognitions received by Kaspersky Endpoint Detection and Response and Kaspersky Anti Targeted Attack Platform you can here.

For more information about Kaspersky Endpoint Detection and Response Expert, please visit the website.

LimeLight

Gartner Announces Gartner IT Symposium/Xpo in Kochi

Leave a comment

Thriving in times of intense economic and social volatility requires organizations to find new forms of efficiency in their operations, scale their productivity and pioneer new business models. To be effective, CIOs and IT executives must create a technology strategy that is resilient to change and flexible to deal with uncertainty. At Gartner IT Symposium/Xpo 2023 in Kochi, CIOs and IT leaders will gather to explore the technology, insights, and trends shaping the future of IT and business, including artificial intelligence (AI), accelerating business transformation, cybersecurity, customer experience, data analytics, executive leadership and more.

The conference will feature 30+ Gartner experts and 100+ research-driven sessions. The audience will consist of CIOs and IT leaders including CISOs, chief data officers and chief analytics officers, senior application leaders and VPs of IT infrastructure and operations.

The conference agenda features three comprehensive tracks that take a deep dive into industry-specific topics including AI, applied innovation, cybersecurity and risk management, executive leadership and change management, future of work and more.

  • Gartner Opening Keynote: The Next Era — We Shape AI, AI Shapes Us with Gartner analysts Dave Aron, VP Analyst and Alicia Mullery, VP Research. 
  • Guest Keynote: Create Your Own Shazam Magic: Disrupt Your Thinking. Defy Barriers. Inspire Delight with Chris Barton, Founder and Creator of Shazam.
  • Guest Keynote: Leadership & Advocacy: The Power of Positive Change with Haben Girma, Disability Rights Lawyer and Author.

IT Xpo: An exhibit showcase at the conference, will bring together leading IT technology and solution providers. A listing of current exhibitors is available in the Exhibitor Directory.

Registration: Full-time journalists from editorial publications are eligible for a press pass. For additional details and registration requests, please contact: komal.chawla@archetype.co or srijani.ghoshal@archetype.co.

For complete conference details, please visit the Gartner IT Symposium/Xpo 2023 website.