Impending Surge in vCISO Services: The Growing Demand for Specialized Cybersecurity Expertise

Impending Surge in vCISO Services

By the end of 2024, the number of Managed Service Providers (MSPs) and Managed Security Service Providers (MSSPs) offering vCISO services is projected to increase dramatically. The anticipated growth rate is nearly 5 times the current number, as portrayed in figure 1. This surge is not only a sign of burgeoning demand for specialized cybersecurity expertise but also a testament to the lucrative opportunities in vCISO services for MSPs and MSSPs.

Figure 1: Timeline for offering vCISO services

The timeline for the provision of vCISO services by MSPs and MSSPs indicates a significant upswing in the coming years. This rise in demand is primarily attributed to the ongoing and ever-increasing complexity and sophistication of cyber threats. Businesses, big and small, are constantly seeking the best cyber incident responses and protective measures – a niche that vCISO services aptly fill.

The State of the Virtual CISO Survey Report

As per the Virtual CISO Survey Report, there’s a palpable uptick in the number of organizations seeking vCISO services. The growing need for these services can be correlated to the increasing awareness about the importance of robust cybersecurity measures, especially in large organisations and the public sector.

FAQ Section

Conclusion

The surge in the number of MSPs and MSSPs offering vCISO services is a clear sign of the growing business need for specialized cybersecurity expertise. It also opens lucrative opportunities for service providers in this field. As cyber threats evolve and become more complex, the role of vCISO is set to become more critical in ensuring the safety and integrity of digital data and infrastructure.