Independent Research Firms Position IBM as a Leader in Managed Security Services

By STS News Desk On Nov 2, 2020

Independent Research Firms Position IBM as a Leader in Managed Security Services

IBM (NYSE: IBM) announced today that the company has been recognized as a Leader in three market reports evaluating Managed Security Services Providers. Profiling IBM’s strategies and capabilities in managed security services are:

“The Forrester Wave™: Global Managed Security Services Providers, Q3 2020” by Forrester Research: IBM Security Services received the highest score in the strategy category and among the highest in the market presence category and second highest in the current offering category.
“The Forrester Wave™: European Managed Security Services Providers, Q3 2020”, by Forrester Research: IBM Security Services was top ranked in two categories – current offering and strategy with the highest score possible in the third-market presence.
“IDC MarketScape: Worldwide Managed Security Services 2020 Vendor Assessment” (Doc # US46235320, September 2020): IBM Security Services was cited for its key strengths as a global scale partner with local delivery capabilities able to address customer needs such as the journey to cloud, application security, threat intelligence and threat management operations.

Managing more than 150 billion security events on average daily, IBM Managed Security Services brings together the power and integration of proprietary and third-party machine learning and AI to help customers reduce incident fatigue, perform triage quickly and manage what matters most to clients. With many organizations today navigating wider, more complex environments, the company’s managed security services are built for scale and efficiency to help protect hybrid cloud environments.

IBM Managed Security Services, an all-in-one suite, focuses on relieving clients from alert fatigue and undetected threats – allowing for quick response and remediation with incident response, security orchestration and automation built into the platform. In fact, in its global report, Forrester Research cites the breadth of IBM’s portfolio, and in its European report, it cites IBM’s ability to integrate its product offerings in automation, threat intelligence, incident response and vulnerability capabilities into its managed security services.

With over half a million cybersecurity jobs currently in demand just in the U.S., many in-house security teams are struggling to keep up with the volume of threat data, alerts and incidents flooding their environments. Responding to this challenge, IBM’s Managed Security Services platform leverages IBM Security Resilient SOAR and IBM Security QRadar Advisor with Watson to escalate and remediate threats quickly. An asset recognized by the IDC MarketScape in its market report as one of IBM’s strengths, QRadar Advisor not only ingests data from activity within the end user environment, it also relies on insights gleaned from the external security community, ultimately enriching and contextualizing SOC analysts’ understanding of cyber behaviors and threat activity to empower speedy actions.

According to the IDC MarketScape evaluation of IBM: “At a strategic level, IBM Security is collaboratively guiding clients through their security transformation journey, helping them mature and innovate their security program aligned to business requirements.”

“With massive volumes of data moving through our network in a single day, we needed a partner who has the know-how and resources to quickly triage security threats and automate tasks that accelerate security response across a hybrid cloud environment,” said Shivkumar Pandey, Group CISO, Bombay Stock Exchange Ltd. “With its extensive depth and breadth of threat visibility and AI advancements, IBM is helping us get to threats before they turn into security incidents.”

“We believe being recognized as a leader for our detection and response capabilities is a proof point to our clients’ confidence in us as their managed security services partner,” said Spencer Ingram, Vice President, Global Managed Security Services, IBM. “We’re honored to receive this recognition from two such highly-regarded analyst firms. It makes us more determined to continue providing smarter and more responsive managed security services to our clients across the world.”

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