Untangle Inc., a
leader in comprehensive network security for small-to-medium businesses (SMBs)
and distributed enterprises, today announced the results for its second annual
<"Voice of the Channel"> report. The report surveyed Channel Partners,
both locally and internationally, to better understand the current
cybersecurity trends impacting the channel, as well as their security
predictions for 2020. The survey results look at current trends and barriers
that Channel Partners face when protecting clients against emerging threats and
how they will shape future strategic business decisions for Managed Security
Providers (MSPs) and Value-Added Resellers (VARs).
Channel Partners, IT security professionals who assist SMBs
and organizations with network security deployment, were integral in 2019's
battle against cyberattacks. Cybercriminals shifted their target to weaknesses
within business supply chains to gain entry into networks, but MSPs were fast
to mitigate and help customers recover from these attacks. However, more than
100 Channel Partners surveyed reported that they continue to face three
significant barriers within the cybersecurity market: budget constraints,
limited client solution knowledge, and limited time to research and understand
new threats. This echoes results found in 2018.
"For many organizations, MSPs are the first and sometimes
the only line of defense against a cyberattack. Channel Partners, by nature of
their role in helping source solutions, inherit the barriers that SMB's face in
the cybersecurity market and need to work within the budgets allocated," said
Steve Young, channel marketing manager at Untangle. "With the number of
cyberattacks expected to increase in 2020, Untangle is helping the channel stay
ahead of emerging threats by providing enterprise-grade security solutions,
management, and advanced networking options at price points that help our
Channel Partners meet their client needs."
Key highlights of the report include:
- 65% of Channel Partners
purchase cybersecurity solutions directly from a vendor.
- 23% of Channel Partners
surveyed believe that lack of customer knowledge is the number one barrier
in the cybersecurity market, followed by budget constraints (22%), and
limited time to research and understand new threats (13%).
- 27% of Channel Partners
believe that moving customer and client data to the cloud offers better
security than on-premises solutions.
- In 2019, respondents
stated that providing cybersecurity solutions was over 50% of their
overall business, in comparison to 2018, where 77% of respondents stated
cybersecurity was less than 30% of their overall business.
- Channel Partners
identified their clients were specifically targeted by phishing (84%),
malware (84%), and ransomware (63%) attacks.
- 35% of Channel Partners
are considering adding identity and access management along with risk and
compliance management to their 2020 portfolio.
- Price (36%), limited
experience (26%) and lack of trust (20%) are the top barriers the channel
experiences when their clients begin or consider adopting cloud security
solutions.
The good news for SMBs is that 99 percent of Channel
Partners indicated that cybersecurity, as an overall part of their business,
will increase or stay the same in 2020, while 85 percent believe that their
cybersecurity revenue will increase in 2020. Other key 2020 predictions
include:
- The largest threats the
channel expects to encounter in 2020 are ransomware (46%) and phishing
(25%).
- Future product offerings
will include Compliance-as-a-Service (CaaS) for clients who require
additional reporting and regulations, such as schools, libraries,
financial institutions and government offices.