Are you worried about the security of your network? Do you want to protect your business from cyberattacks, data breaches, and downtime? If so, you might be wondering how much it would cost to hire a professional IT support company to manage your network security.
So, let's explore how much managed network security costs in Ireland and what factors affect the price.
In this blog, we will provide a detailed explanation of the costs involved, helping you make a decision to secure your business.
What is Managed Network Security?
Managed network security is a service provided by specialised IT support companies to protect your business network from cyber threats.
It involves outsourcing the management and monitoring of your network's security to experts who use advanced tools and technologies to secure your infrastructure. These services typically include firewall management, antivirus protection, intrusion detection, and incident response.
By continuously monitoring and updating security measures, managed network security providers ensure that your network remains protected against the latest threats, allowing you to focus on your core business operations without worrying about potential security breaches.
How Much Does Managed Network Security Cost in Ireland?
The cost of managed network security in Ireland depends on several factors, including the size of your network, the level of services required, and the reputation of the IT support company you choose. On average, the annual cost is approximately €900 - €1,500 per network device.
For example, a business with 50 network devices might spend around €30,000 - €40,000 per year on managed IT services, including managed network security. This estimate provides a rough idea, with actual costs varying based on specific needs and provider offerings.
What Factors Influence the Cost of Managed Network Security?
When considering the cost of managed network security, several factors come into play. These elements determine the overall pricing and help you understand what you are paying for. Below, we have listed down the main factors influencing the cost of managed network security.
Size and Complexity of Your Network
The size and complexity of your network are primary factors of the cost. Larger networks with multiple devices, servers, and endpoints require more extensive monitoring and management.
Complex networks with diverse systems and applications necessitate advanced security measures and more frequent updates, leading to higher costs.
Level of Security Services Required
The level of security services you choose significantly impacts the price. Basic packages might include firewall management, antivirus protection, and regular monitoring.
In contrast, comprehensive plans offer advanced threat detection, incident response, and compliance management. The more extensive the services, the higher the cost.
Compliance Requirements
Industries with strict regulatory requirements, such as healthcare and finance, need strong security solutions to comply with laws. Ensuring compliance adds to the cost due to the need for additional resources and expertise.
Managed security providers must regularly update and maintain these security measures to meet regulatory standards.
Service Level Agreements (SLAs)
Service Level Agreements (SLAs) define the level of service and response times you can expect from your security provider. Higher SLAs guarantee faster response times, more frequent updates, and dedicated support, which can increase costs.
It's crucial to choose an SLA that aligns with your business needs and risk tolerance.
Customisation and Integration
The need for customised security solutions and smooth integration with your existing IT infrastructure can also affect costs.
Customised solutions that address specific business requirements or integrate with current systems may require additional development and support, leading to higher expenses. Customisation ensures that your network security measures are perfectly suited to your business needs.
