In 2005, a new market emerged when Gartner coined the term "SIEM" OR Security and Information Event Management. Back then, it was a legacy system aggregating event data produced by security devices, systems, network infrastructures and applications. However, it lacked monitoring functionality and was limited to vertical scalability.
The standard shipping container is the unsung hero of the modern world! More on that later…
Microsoft engineers shared that 99.9% of compromised accounts forgot to turn on MFA. Despite so many warnings and proof of the efficacy of MFA, an M365 security report by Coreview reveals that 78% of M365 administrators do not have MFA activated. Isn't that crazy? It's not always perfect (phishing, social engineering and password brute-force attacks, device theft etc.); nevertheless, it is clearly better than not having it. However, if not implemented with care, it can create headaches for MSPs.
If we look at the industry report, the Managed Services Market is forecast to touch USD 557.10 billion by 2028. It has become a mature business now, however the customers' needs are highly complex when compared to traditional businesses. MSP Business opportunity/challenges can be complex to navigate, often involving multiple external market forces, internal drivers, organisational and client-based frictions, resistance to scaling, and of course, both financial and opportunity costs.
