Cisco announced that it was forming a services group to deliver professional and managed security services. The company also announced that hiring of Bryan Palma as Senior VP and GM to lead this new group. According to ESG Research, 56% of enterprises using security services will actually increase their spending on services in 2013. An investment in security services could also help the company: 1. Push its security architecture. Weave security into the Internet of Everything at a corporate level, Cisco wants its share of big government and industry applications.”]
Source: https://www.csoonline.com/article/2225395/why-is-cisco-getting-into-security-services-.html