A report published by Everest Group has found that over 70 per cent of enterprises see cyber security as a major concern when adopting new digital technologies such as social media, mobility, cloud and analytics, yet over 40 per cent of those organisations have not invested in digital security sufficiently.

Everest writes that “this creates significant opportunity for service providers; however, only those providers who can architect a security ecosystem for the modern digital enterprise will succeed.”

The infrastructure services market grew by roughly 0.6 per cent in 2014, well behind the overall growth of the IT services market (2.4 per cent), demonstrating that many ITOs are yet to cash in on this opportunity.

Yugal Joshi, practice director at Everest, commented: “Enterprises realize that digital adoption is a vital business strategy for being agile and nimble in the marketplace. Though enterprises have aggressively expanded the mandate of cyber security in light of digital adoption, they are still not giving it the attention that is due. We believe this creates significant opportunities for service providers to demonstrate differentiated capabilities across digital and security services.”

The full report “Digital Businesses: Mind Your Security” is available to download on the Everest Research website.

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