PwC named a Leader in the IDC MarketScape: Worldwide Cybersecurity Risk Management Services 2023

PwC has been named as a Leader in the IDC MarketScape: Worldwide Cybersecurity Risk Management Services 2023 Vendor Assessment (October 2023, IDC #US49435222). 

According to the IDC MarketScape report, ‘Cybersecurity risk management (CRM) services continue to evolve not only in value-added service offerings but with making CRM a key component in overall business risk management. This set of services can play a role as a strategic capability enabling organizations to highlight threats and the risks they pose to the organization and drive this strategic capability into ongoing business strategy.' 

The IDC MarketScape report states, ‘PwC brings all facets of cybersecurity and risk management under a single global platform to enable better collaboration, quality, and insights and to better serve clients’ cybersecurity needs.’

Commenting on PwC’s strengths, the IDC MarketScape also notes, ‘Despite the global talent shortage, PwC remains capable of attracting qualified employees combining industry expertise, business knowledge, and technology skills to support organizations in their cybersecurity journeys.’

It goes on to say, ‘PwC’s understanding of industry sectors is supported by extensive thought leadership. This includes extensive research around rethinking tomorrow’s cybersecurity risk management needs across people, process, and solutions.’

Sean Joyce, Global Cybersecurity & Privacy Leader, US Cyber, Risk and Regulatory Leader, PwC US, said: ‘We are grateful for the recognition of PwC as a Leader in cyber risk management solutions. Cybersecurity is a strategic business risk. It impacts many important aspects of business today, from how business models are designed and executed, to product development, to emerging technology and talent decisions.  And cyber risk management is a shared responsibility that requires cross-functional disciplines in order to plan, protect, defend and respond effectively. Our purpose at PwC is to build trust in society and solve important problems, including those posed by cyber threats.  We do this by enabling our teams to deliver human and tech-powered cyber solutions around the world, supporting our clients in an ever-changing business, political, and social environment.’

About IDC MarketScape

IDC MarketScape vendor assessment model is designed to provide an overview of the competitive fitness of ICT (information and communications technology) suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors.

Read the report here 

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