ISG Adds Cybersecurity Pricing Data to ISG ProBenchmark® Platform
May 19 2022 - 9:00AM
Business Wire
New capability provides up-to-date market
pricing and contract costs for cybersecurity services and
solutions
At a time when geopolitical threats, cyberattacks and market
growth have dramatically increased demand for cybersecurity
services and solutions, leading global technology research and
advisory firm Information Services Group (ISG) (Nasdaq: III), said
today it has expanded the ISG ProBenchmark® platform to include
cybersecurity market pricing.
“The threat of ransomware attacks is driving enterprises to
increasingly view cybersecurity as a board-level risk management
priority,” said Chris Pattacini, managing director, ISG
ProBenchmark. “ISG Index™ research shows more than a 20 percent
increase in the number of cybersecurity-related contract awards in
2021. Real-time, comprehensive pricing data for cybersecurity
services is critical for business decisions in this
environment.”
The ISG ProBenchmark IT price benchmarking and market price
intelligence platform is powered by the largest database of market
price points of its kind, gathered from more than 23,500 completed
engagements for 2,700 clients. ISG ProBenchmark now offers pricing
benchmarks for cybersecurity services such as security operations
centers, security incident and event management, identity and
access management, endpoint security and vulnerability
management.
Cybersecurity labor shortages are also a critical concern for
enterprises as they look to elevate their cybersecurity
capabilities, ISG says. The explosive growth in demand for managed
cybersecurity services has caused service providers to increase
their rate cards by as much as 15 percent for in-demand cyber
skills, ISG research finds.
“Investing in cybersecurity services is an imperative for
businesses across industries and geographies,” Pattacini said. “ISG
is tracking more than 150 managed service awards that include
cybersecurity in scope, representing over $4 billion of ACV that
will come up for renewal in the next two years.”
Along with the ISG Contract KnowledgeBase™, pricing insights
leverage the comprehensive annual ISG Provider Lens™ Cybersecurity
– Solutions & Services report, as well as market knowledge from
ISG Cybersecurity, a dedicated, vendor-agnostic business unit that
helps enterprise clients address the exponential increase in threat
actors and the growing complexity of cybersecurity operating
models.
Cybersecurity is the latest tower added to the ISG ProBenchmark
Software-as-a-Service platform, which offers detailed pricing on
infrastructure, application, network and business and shared
services for both buyers and sellers. For more information, visit
the ISG ProBenchmark webpage.
About ISG
ISG (Information Services Group) (Nasdaq: III) is a leading
global technology research and advisory firm. A trusted business
partner to more than 800 clients, including more than 75 of the
world’s top 100 enterprises, ISG is committed to helping
corporations, public sector organizations, and service and
technology providers achieve operational excellence and faster
growth. The firm specializes in digital transformation services,
including automation, cloud and data analytics; sourcing advisory;
managed governance and risk services; network carrier services;
strategy and operations design; change management; market
intelligence and technology research and analysis. Founded in 2006,
and based in Stamford, Conn., ISG employs more than 1,300
digital-ready professionals operating in more than 20 countries—a
global team known for its innovative thinking, market influence,
deep industry and technology expertise, and world-class research
and analytical capabilities based on the industry’s most
comprehensive marketplace data. For more information, visit
www.isg-one.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20220519005321/en/
Press:
Will Thoretz, ISG +1 203 517 3119 will.thoretz@isg-one.com
Erik Arvidson, Matter Communications for ISG +1 978 518 4542
isg@matternow.com
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