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2019 Global Research Report

Security as a Service on the Rise

Organizations are turning to cloud based security services to help keep up with rapidly escalating threats, costs and demand on staff resources

Key Takeaways from KuppingerCole European Identity and Cloud Conference in Munich, Germany

  1. Organizations are moving to Security-as-a-Service for reduced costs, faster IT services delivery, greater flexibility.
  2. Security-as-a-Service is considered more secure, fail proof and less costly than on prem solutions.
  3. You no longer need to be the expert for everything cyber security in order to properly protect your organization.

At the KuppingerCole European Identity & Cloud conference held in Munich in May, Thycotic conducted research interviews with IT managers and technology decision makers focused on Security as a Service (SECaaS).  Survey results show that organizations are turning to cloud based security services to help keep up with rapidly escalating threats, costs and demand on staff resources.

  • 2 out of 3 organizations already adopting Security as a Service or will in the next 12 months
  • By 2021 more than 70% of companies will be using Security as a Service
  • Choosing Security-as-a-Service for reduced costs, faster IT services delivery, greater flexibility
  • Managed Security Service Providers (MSSPs) offer viable option for those lacking security expertise

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