We are a global IT security 'Challenger' according to Omdia

In a recent report, ‘Universe: Global IT Security Services Providers, 2024’, the global and independent technology research firm, OMDIA, analyzes the leading global IT security service providers. In this report, Telefónica Tech is recognized in the ‘Challenger’ category for its solid strategic vision, effective execution capability, innovative offering, relevant partnerships, and strong financial performance.

The firm highlights Telefónica Tech's ability to offer comprehensive IT security solutions on a global scale, its commitment to innovation and the development of digital technologies, as well as its specialized capabilities and experience in strategic sectors such as telecommunications, banking, industry, and public administration.

This recognition signifies the advancement and consolidation of Telefónica Tech in the global IT security market, a key sector within IT services due to the operational, financial, and reputational damages that companies can suffer from security incidents.

According to the Omdia report, 35% of companies have experienced operational downtime due to a security incident, and 20% have lost revenue. The IT security services market is expected to grow at a rate of more than 10% annually, reaching 130 billion dollars by 2028.

Thanks to its focus on innovation and technology integration, Telefónica Tech is equipped to address the complex cybersecurity challenges faced by companies and organizations.

◾ Full Omdia report (available by subscription).