With all the cybersecurity vendors in today’s landscape, companies can still fall victim to holes in their security systems by not assembling the right patchwork of services to cover all aspects of their enterprise from potential threats. The migration from on-premises tools to SaaS has helped with this because companies can patronize multiple vendors, but companies still need help sourcing the best software for their needs.
If Sheila Jordan and the rest of Symantec’s senior leadership team complete their vision they will transform the company into the Amazon.com of cybersecurity, essentially a one-stop shop where CIOs and consumers alike can buy digital tools to protect their data assets. The Symantec CIO is deploying her IT department’s resources to help build out a software subscription platform for SaaS applications, part of a broader strategy to deliver solutions that are more in line with the evolving purchasing preferences of CIOs and CISOs.
We want it to be like an Amazon experience where with a handful of clicks you can book your cloud security subscription, Jordan tells CIO.com.
The idea isn’t so far-fetched. Although CIOs have been implementing third-party cybersecurity tools on-premises for decades, the trend has increasingly skewed toward SaaS. Spending on global cloud security solutions is expected to top $3.4 billion by 2021, a compound annual growth rate of 28 percent over the next five years, according to new data from Forrester Research.
If Symantec is successful in building this platform and aggregating the best security solutions that can provide end-to-end coverage for their clients, they will present a great opportunity for companies looking to simplify their security systems while also ensuring they are robust.
At the same time, it will be interesting to see how this affects competition in the security space. Will being Symantec’s top offering in a particular category become the new benchmark for companies to hit? Interested in attending highly curated events where enterprise technology leaders convene to discuss issues like choosing the best security systems for their needs, sign up for updates on VENN events here