Now well into 2024, one thing is clear: the popularity of network aggregators is on the rise.
More than ever, the tech landscape is volatile—marked by massive M&As, downsizing, and increasingly threatening cyber attacks.
With a growing need to simplify connectivity, enhance security, and optimize costs, enterprises are turning to network aggregators.
Challenges lead to a change in buyer preference
While enterprises have traditionally been locked into rigid, long-term contracts, recent research by McKinsey suggests a shift in the market. The study found that a staggering 87% of decision-makers now prefer solutions that can be easily adapted or scaled.
Plus, the threat landscape of cyber attacks is becoming more sophisticated and widespread. In fact, worldwide cybercrime costs are estimated to hit $10.5 trillion annually by 2025, according to eSentire.
In this climate, traditional one-size-fits-all solutions no longer fit.
Network aggregators: the optimal choice for enterprises
As specialized providers, network aggregators change the game by offering a curated portfolio of best-in-class network solutions from multiple vendors. Enterprises can then cherry-pick the services that best fit their unique requirements.
Network aggregators act as a single point of contact to efficiently integrate diverse technologies. They eliminate the hassle of managing multiple vendor relationships and ensure seamless interoperability.
Ultimately, enterprises are turning to network aggregators to deliver on three key problem-solving factors:
- Flexibility.
92% of enterprise leaders now consider the ability to quickly add or remove capabilities as a critical factor in their technology decisions, according to McKinsey. Network aggregators deliver the high level of flexibility that enterprises need to easily scale their solutions up or down without being locked into rigid contracts or proprietary ecosystems. - Protection against cyber risks.
93% of organizations had two or more identity-related breaches in the past year. (Cyberark, 2024). Network aggregators prioritize safeguarding enterprises against evolving cyber risks. With deep expertise and a vendor-agnostic approach, network aggregators are well positioned to protect against cyber threats. By assembling tailored security stacks that leverage the strengths of various specialized solutions, they build a multi-layered defense. - Cost efficiency.
Network aggregators streamline network services into a cohesive solution, reducing operational complexity and administrative costs for enterprises.They leverage economies of scale to negotiate competitive pricing with providers, optimizing resource use, and ensuring cost-effective scalability. By enhancing network security and compliance, aggregators also mitigate financial risks associated with breaches.
As we move toward greater agility, security, and cost-efficiency in 2024 and beyond, it’s evident that network aggregators are paving the way. Contact us to discuss how we can help.
