The Biden Administration has recently released its new National Cybersecurity Strategy, highlighting the need to strengthen cybersecurity measures in both the public and private sectors. Managed Security Service Providers (MSSPs) are in a prime position to support this effort and offer their services to businesses across the United States.
Key Additions in the National Cybersecurity Strategy:
These additions in the National Cybersecurity Strategy indicate the government's commitment to improving cybersecurity measures in the US, and present significant opportunities for MSSPs to offer their services and expertise to businesses looking to improve their cybersecurity posture.
MSSPs offer a range of cybersecurity services, including threat monitoring, incident response, vulnerability management, and more. By partnering with MSSPs, businesses can benefit from the latest cybersecurity technologies and expertise, without having to invest in personnel and infrastructure in-house. This is especially beneficial for small and medium-sized businesses that may not have the resources to build and maintain their cybersecurity capabilities.
According to a report by MarketsandMarkets, the managed security services market is expected to grow from USD 31.6 billion in 2020 to USD 46.4 billion by 2025, at a CAGR of 8.0% during the forecast period. The report attributes this growth to the increasing sophistication and frequency of cyber attacks, which has led businesses to seek the expertise of Managed Security Service Providers (MSSPs) to safeguard their sensitive data and infrastructure. Additionally, the report notes that the need for compliance with regulations and the growing adoption of cloud-based security solutions are also contributing to the growth of the MSSP market. As organizations continue to face an ever-evolving threat landscape, the demand for MSSPs is expected to increase, making them an increasingly vital partner in the fight against cybercrime.
The new cybersecurity strategy emphasizes the importance of collaboration between government agencies, private sector companies, and international partners to combat cyber threats. MSSPs can facilitate this collaboration by providing a shared platform for threat intelligence and best practices. MSSPs can help businesses gain access to the latest threat intelligence and cybersecurity technologies, which can be particularly challenging for small and medium-sized businesses.
The Biden Administration's National Cybersecurity Strategy presents a significant opportunity for MSSPs to offer their services and expertise to businesses of all sizes. As the global MSSP market continues to grow, MSSPs will play an increasingly vital role in the fight against cybercrime. By partnering with MSSPs, businesses can improve their cybersecurity posture and better protect themselves from the growing threat of cyber-attacks.
Calyptix Security is a leading provider of network security solutions for small and medium-sized businesses (SMBs). Calyptix's flagship product, AccessEnforcer, is an all-in-one firewall solution that provides advanced security features, including content filtering, VPN connectivity, Zero-Trust remote access with Gatekeeper™, and community-driven threat feeds with Community Shield®. The company prides itself on providing affordable, easy-to-use solutions that offer small and medium business-level security. With a focus on simplicity, reliability, and security, Calyptix has become a trusted partner for SMBs across the United States.
MarketsandMarkets. (2021, June 1). Managed Security Services Market worth $46.4 billion by 2025. Retrieved from https://www.marketsandmarkets.com/PressReleases/managed-security-services.asp
White House, "National Cybersecurity Strategy", March 2023: https://www.whitehouse.gov/wp-content/uploads/2023/03/National-Cybersecurity-Strategy-2023.pdf