MANAGED APPLICATION SERVICES MARKET ANALYSIS

Market Concentration and Competitive Landscape

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Cybersecurity Risk Management Is Top Priority

With the accelerating digital transformation across industries, the risks of cyber attacks and data breaches have unfortunately multiplied. Regular software updates, patching of vulnerabilities, and 24x7 monitoring are required to prevent sophisticated hacking attempts and ensure regulatory compliance. However, building robust security operations requires deep security expertise that is challenging for most companies to develop and maintain in-house. The growing complexity of hybrid multi-cloud environments has further compounded these issues. Opting for managed application security services allows businesses to leverage the advanced tools, processes, and security talent available with large managed service providers.

Providers implement gold standard security best practices, policies and governance for the entire application environment including access controls, identity management, encryption, logging, and alerts. Round-the-clock security monitoring centers hunt for threats continuously. Regular risk assessments and penetration testing help identify weaknesses proactively. Machine learning and analytics are used to detect even stealthy attacks in real-time.