As cybersecurity becomes more complex and demand grows for knowledgeable security staff, organizations will look for more ways to maximize their security budgets. One way to do so is to outsource security functions to a service provider. According to the Cisco 2018 Annual Cybersecurity Report, 49 percent of security practitioners said they outsourced monitoring services in 2017, up from 44 percent in 2015. In addition, the Global Managed Security Services Market has a projected compound annual growth rate of 14.5 percent through 2022, reaching US $45 billion.
