Security threats are going up by the day. No wonder, many enterprises are creating separate digital security organizations and hiring CISOs and CDOs to manage the security complexities as they embark on digital transformation initiatives.

MARKET DYNAMICS

Enterprise security spending (hardware, software, and services) in India is on pace to reach $1.12 billion in 2016, up 10.6% from $1.01 billion in 2015, according to Gartner. According to analysts, they say that security spending will continue to grow in 2017 and of which security services will take a lion’s share as we move forward. Security services encompass consulting, implementation, support and managed security services. Gartner says that the strong growth in the security services market will be primarily due to customers’ need for external services to transform their security posture in the digital business era. Security services are typically categorized as either implementation, consulting or security outsourcing services, and many providers are beginning to offer all three categories to address customer requirements.

Analysts like Gartner say that the key security initiatives for a majority of organizations in 2016 included: security operations, incident response network and data center security, identity governance and administration, mobile and cloud security governance, advanced threat defense, application security, security policy and program development and governance, risk and compliance (GrC). Mature organizations that have begun the journey towards detection and response approaches are now looking to focus on advanced capabilities around security operations and incident response.