WatchGuard Technology was recognized as a Cybersecurity Channel Champion in the 2022 Canalys Global Cybersecurity Leadership Matrix. The Cybersecurity Leadership Matrix assesses vendor performance in the channel over the last 12 months based on partner feedback, vendor surveys, Canalys shipment estimates, and analyst insight.
At a high level, the SOC's core mission remains to help the enterprise manage cyber risk, but what has changed is the sophistication of cyber threats and the mechanics of the SOC to operate. To successfully protect and respond to threats, SOCs need deep visibility into organization activity and automate key but repetitive functions while freeing analysts to focus on more valuable functions such as threat hunting and vulnerability management.
Hybrid work, which involves splitting the working week between in-office and remote work time, is the new normal that many companies have been adapting to after the COVID-19 pandemic crisis forced them to work remotely to continue providing services. A recent study indicates that, in fact, 58% of companies have been encouraged to promote a hybrid return to the office. In addition, it estimates that 48% of employees will be following a hybrid or remote model in the next two years.
As managed service providers (MSPs) at the helm of keeping organizations secure, taking proactive steps toward cyber hygiene is more vital now than ever. Maintaining an up-to-date and healthy environment is impossible without regularly updating software agents. Updating these tools improves operational efficiency, reduces IT ticket volume, and defends against known or potential new vulnerabilities in your clients' systems.
We have been talking about eXtended Detection and Response (XDR) for some years now, but despite being a buzzword in the industry, a fundamental question remains: what are we really talking about here? According to Gartner, which first defined the term in 2020, XDR is a vendor-specific threat detection and incident response tool that natively integrates multiple security products into a cohesive security operations system.
Global IT spending will reach $4.5 trillion this year, according to Gartner's latest forecast. While the economic climate is negatively impacting consumer markets, companies have reordered their priorities and continue to increase spending on digital business initiatives, despite the global economic slowdown. IT budgets started to rise in the third quarter of 2022 when Gartner reported that 76% of CIOs stated that their budgets had grown compared to the previous quarter.
Currently, it is possible to offer managed detection and response services from a SOC that are implemented in different ways. All implementation alternatives have their advantages and disadvantages, which must be carefully evaluated before deciding to adopt one or another deployment model. The most common deployment models include.
Once again for 2023, CRN has recognized WatchGuard as one of the top IT channel security leaders in its prestigious annual Security 100 list for 2023. CRN’s Security 100 honorees bring a combination of channel focus and trailblazing, innovative technology to solution providers.
Like previous years, 2022 was marked by the relentless rise in cybersecurity threats, resulting in higher investment in cybersecurity solutions and managed services (MSP). According to Canalys Q3 2022 data, despite deteriorating economic conditions, the global cybersecurity market grew 15.9% year-on-year to $17.8 billion. Channel sales accounted for 90.6% of the overall market and were up by 15.9% compared to 2021, outpacing direct sales.
