As organizations continue to be on the path of digital transformation, the bad actors keep playing a decisive role as a barrier in their journey. The last two years have been very challenging on the security front for organizations across all sectors predominantly due to the pandemic. Commenting on the increasing cyber incidents, Debasish Mukherjee, Vice President, Regional Sales APJ, SonicWall Inc said, “Across the globe, we saw that pandemic while stretched companies’ networks, accelerated their digital transformation, on the downside exposed them to more cybercrime. Cybersecurity has become much more important in today’s times than ever before. The global cyber security market is estimated to record a CAGR of 10.5% over the forecast period of 2022 to 2032.”
*In India itself, one report states the cybersecurity services and product industry had combined revenue of $9.85 billion in 2021 and grew at a CAGR of 40% in the last two years. The services industry grew from $4.3 Billion in 2019 to $8.48 Billion in 2021 at a CAGR of 40.33%. The product industry grew from $740 Million in 2019 to reach $1.37 Billion in 2021 at a CAGR of 36.49%.”
Debasish Mukherjee further added, “This shows that there is a much greater awareness of crimes and more importantly organizations across every industry vertical are looking at how to solve the problem sustainably and stay ahead of the problem.”
Rise in Cybersecurity Investments from Indian Organizations
Indian organizations have started investing more in cybersecurity as the uptick in cyber-attacks has created the dire need of boosting cybersecurity infrastructure. Commenting on the opportunities for security solution providers, Debasish Mukherjee said, “Since the pandemic, the last couple of years has been the era of digital transformation across industry verticals globally. The need to build robust security infrastructures in the face of rising cyber-attacks has become paramount. This has created new opportunities for security service providers and the larger channel community to offer agile, innovative solutions and create enhanced value for their customers.”
According to a report, the Managed Security Services Market was valued at USD 23.19 billion in 2021 and is expected to reach USD 56.6 billion by 2027, at a CAGR of 16.11% over the forecast period 2022 - 2027.
“At SonicWall, we are a strong team of over 17000 partners in various regions across the globe of which 2500 partners are based in India. Our success is based on the philosophy of knowledge building and sharing, so we can learn and grow together. The addition of over 5,000 new partners last year alone is another testament to SonicWall’s momentum and strong value proposition,” stated by Debasish Mukherjee.
Organizations Moving Ahead with Zero Trust
Today in the new remote and hybrid work environment, reliance on external business partners is increasing and the nature of hyper-distributed offices has become almost nomadic. The crucial question that arises is how to enforce consistent and effective security policies. Debasish Mukherjee commented, “By using a Zero-Trust security model and next-generation secure cloud network services, Managed Service Providers (MSPs) can now create and easily secure client networks in the cloud and on-premises, accessible from anywhere globally at any time, to prevent unauthorized access, defend against breaches and stop lateral movement.”
When Zero-Trust is enabled from Software-Defined Perimeter (SDP) architecture, secure access becomes very simple included below steps:
“This enables faster deployment so that an IT admin can sign up, create a gateway, and configure granular policies based on network and user context, all in less than 15 minutes. Remote employees in any part of the world can access this configured ZTNA network using their mobile device or desktop client app, or client-less using a browser. With the self-service deployment model, onboarding for remote workers can be completed in 5 minutes,” concluded by Debasish Mukherjee.