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70% of Enterprises Will Use Security-as-a-Service by 2021

70% of Enterprises Will Use Security-as-a-Service by 2021

70% of Enterprises Will Use Security-as-a-Service by 2021

Today, privileged access management provider Thycotic released their 2019 Global Research Report: “Security-as-a-Service on the Rise.” In this report, conducted at the KuppingerCole  European Identity & Cloud conference in Munich, researchers observed increasing SaaS adoption. Indeed, according to the report, 70% of enterprises shall incorporate SaaS into their infrastructure by 2021.

Additionally, when Thycotic conducted their study, they found two-thirds of enterprises adopting, or adopting to deploy, SaaS. Why this sudden surge in enterprise adoption? 

Download Link to Privileged Access Management Buyer's Guide

First, Thycotic believes enterprises see SaaS as an avenue for reduced cybersecurity costs and faster delivery. Second, enterprises perceive SaaS as a more secure option than on-premises solutions. Finally, calling upon security-as-a-service allows your enterprise to not rely as much on in-house expertise. 

Joseph Carson, Chief Security Scientist at Thycotic, shared his observations on the report. “Organizations typically use Security-as-a-Service solutions to limit or eliminate the need for on-premise hardware, software or specialized skilled resources.”

“”In another interesting result, the survey showed the security functions most frequently moved to Cloud-as-a-Service were led by Privileged Account Management and Identity Access Management (IAM).”

Why Security-as-a-Service Matters to PAM and IAM 

The cybersecurity staffing crisis should consider enterprises of all sizes. After all, it means your enterprise cannot as readily call upon in-house security expertise. In fact, finding the expertise to maintain your identity management and privileged access management can prove challenging in itself. 

Therefore, if your enterprise similarly struggles with maintaining secure privileged access, consider seeking out a PAM provider with SaaS options. Doing so allows you to enjoy the capabilities of a next-generation solution with taxing your IT security team. Above all, never just stick with your legacy solution; that basically signals to hackers you’ve thrown in the towel. 

You can read the full 2019 Global Research Report: “Security-as-a-Service on the Rise” here. To learn more about enterprise privileged access management, check out out 2019 PAM Buyer’s Guide.

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