IT Security Services PEAK Matrix® Assessment 2022 – Europe

Organizations are leveraging IT security services to improve their security postures and prepare for challenges such as ransomware attacks and business disruptions. The COVID-19 pandemic, the shortage of cybersecurity talent, and the incidence of rising CAPEX and OPEX in maintaining in-house security teams, especially during the Great Resignation, have further accelerated the adoption of security services. At its end, the European countries too have started to implement stricter laws to provide better security to their citizens, one key example being the UN regulation that mandates cybersecurity management through defined performance metrics and audit requirements for car manufacturers.

Europe-based enterprises are looking for service providers that can offer geographically nuanced security services, especially in areas such as data security & privacy, verticalized SOCs, converged IT/OT security services, and regulatory assessment services, to make sure that enterprises are not just adhering to ever evolving EU regulations but also the localized data privacy laws. All these factors combined have surged IT security services demand across Europe.

In this research, we present an assessment of 28 IT security service providers in Europe.

Scope

• Geography: Europe
• Industries: all industries
• Services: IT security services
• The assessment is based on Everest Group’s annual RFI process for the calendar year 2022, interactions with leading IT security service providers, client reference checks, and an ongoing analysis of the IT security services market

Contents

In this PEAK Matrix® assessment, we:

• Examine the profiles of 28 IT security service providers in Europe
• Study each provider’s strengths and limitations
• Evaluate enterprise sourcing considerations

Membership(s)

Cybersecurity

Sourcing and Vendor Management