Executive Summary: ISG Provider Lens™ Cybersecurity - Solutions & Services - Brazil 2022
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ISG Provider Lens™ Cybersecurity - Solutions & Services - Managed Security Services - Brazil 2022
ISG Provider Lens™ Cybersecurity - Solutions & Services - Strategic Security Services - Brazil 2022
ISG Provider Lens™ Cybersecurity - Solutions & Services - Technical Security Services - Brazil 2022
Cybersecurity brings efficiency to technology environments
The cybersecurity market in Brazil is projected to grow at an above average rate, following a similar trend seen in other countries where this study is conducted annually. With the launch of new products and services, ISG has noticed that most service providers and product vendors have reported solid growth in sales volumes and an increase in the number of full-time employees.
Some providers in the region are still strengthening their presence and accelerating growth in this market through business partnerships, while others are diversifying their strategic outlook through technology partners that are exploring new action areas in the market. Part of this demand is explained by investments in products and services made by the companies to enhance protection against external access to corporate networks or cloud-hosted services.
Another important factor is the migration of employees from the office to the home. This shift made new investments necessary, including those on cybersecurity. The General Data Protection Regulation (GDPR), mandates companies to seek strategic security services while planning and implementing projects to guarantee conformity with the new market legislation.
Such factors have changed paradigms and created new challenges. One factor is that employees have been moving to the home office, a move brought about by the Covid pandemic. Another factor is the need to protect the health of the employees and their families to preserve the continuity of the company’s operations. Companies are under immense pressure to ensure employee productivity, and safety, to ensure the continuity of the company’s operations.
Companies are required to provide fast, secure, reliable connections to local corporate networks and cloud resources. They are also under increased pressure to conform with the requirements of the GDPL, and to ensure project and implementation conformity with the new law coming into effect.
Moving many employees to home offices creates great pressure on a company’s infrastructure and cybersecurity teams. One of the most important requirements is a fast, stable connection to a local network and corporate cloud resources.
The use of such personal devices as home computers and phones, sometimes shared by the employee with other family members, often results in lack of endpoint security that is typically provided by the employers. This factor results in heightened security risks.
The heightened increase in security risks, is driving the need for immediate investments to avoid any negative impact on business continuity. For corporate environments, security and IT teams should ensure end-to-end protection and strengthened networks across endpoints.
This lack in endpoint protection initiated a significant rise in cyberattacks aimed at obtaining relevant data and accessing company networks and servers. Ecommerce operations specialized in selling corporate network credentials also increased in the dark web, leading to more sophisticated ransomware attacks.
The need to invest in cybersecurity has become significant and demands quick action, as reported by Brazilian providers. Companies in the region responded to these challenges in different ways – by accelerating digitalization or cloud migration projects, prioritizing or encouraging cybersecurity projects, and investing in services products for strengthening or complementing point-to-point security in terms of employee access that is necessary for business continuity. This, in turn, led to an increase in hiring consultancy services for strategic planning, technical services for product installation, managed services for remote monitoring of networks, threat protection, and acquisition of products aimed at data, identity, and endpoint protection.
Through acquisitions, providers in Brazil have been addressing the high demand for cybersecurity capabilities and are subsequently expanding their market share. One provider acknowledged this as the moment to expand such activities to consolidate their position.
New tools and processes to accelerate the attack detection and resolution processes, such as XDR, are being implemented to safeguard clients. There is also a greater need for services based on zero trust and SAE concepts, generating new projects in the pipelines. However, even providers without long-term plans have workload for the short and medium term, and have deadlines, both ongoing and under negotiation. providers believe that Brazil’s cybersecurity market will remain dynamic and strong for a long time.
Given the trends in Brazil’s cybersecurity market that we’ve noted, this study covers six quadrants as described below:
- The Identity and access management (IAM) segment is undergoing consolidation; a noteworthy acquisition is Auth0 by Okta, a deal worth US$6.5 billion.
- Acquisitions are also taking place in the Data leak/loss prevention (DLP) and data security quadrant. The acquisitions include Bay Dynamics by Broadcom, and Titus and Boldon James by HelpSystems. McAfee and FireEye werer acquired and renamed Trellix.
- In the Advanced endpoint threat protection, detection, and response (advanced ETPDR) quadrant, CrowdStrike and VMware Carbon Black emerged as Leaders. Other leading providers include Broadcom, Microsoft, Trend Micro, and Kasperski. Trellix is a Rising Star.
- In the Technical security services quadrant, the arrival of NTT Ltd. Has emerged as a leading player. Additional leaders include Agility Networks, Capgemini, Deloitte, IBM, ISH Tecnologia, and Logicalis. Accenture is a Rising Star.
- In the Strategic security services quadrant, Tempest is a new player with other Leaders being Accenture, Capgemini, Deloitte, EY, IBM, ISH Tecnologia, Logicalis and PwC. The Rising Star is Tempest.
- In the Managed security services quadrant, Accenture progressed from a Rising Star position to a Leader in this year’s quadrant. Other leading players include Agility Networks, Edge UOL, IBM, ISH Tecnologia, Logicalis, Lumen, Stefanini Rafael, Unisys, and Wipro. NTT Ltd. is a Rising Star.
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