The privileged access management provider surveyed IT managers and technology decision-makers at the KuppingerCole European Identity & Cloud Conference in Munich in May, compiling its findings in the Security as a Service on the Rise report.
Two out of three respondents said their organization is already adopting Security-as-a-Service or will be in the next 12 months, with 70% planning to do so by 2021. Those polled cited reduced costs, faster IT services delivery and greater flexibility as reasons for opting for Security-as-a-Service solutions.
“Organizations typically use Security-as-a-Service solutions to limit or eliminate the need for on-premise hardware, software or specialized skilled resources,” said Joseph Carson, chief security scientist at Thycotic.
Respondents also indicated they are turning to cloud-based security services to help keep up with rapidly escalating threats, costs and a lack of staff resources with cybersecurity expertise.
“In another interesting result, the survey showed the security functions most frequently moved to Cloud-as-a-Service were led by Privileged Account Management and Identity Access Management,” added Carson.