Coalfire released the results of its first annual FedRAMP Marketplace report – Securing Your Cloud Solutions: Research and Analysis on Meeting FedRAMP and Government Standards.
The findings highlight many positives for cloud service providers and federal agencies, but also opportunities for both to improve. The report examined more than 500 FedRAMP assessment and advisory engagements that Coalfire conducted, analysis of FedRAMP.gov authorized and in-process Cloud Service Provider (CSP) listings and interviews with information security executives with FedRAMP experience. Download the FedRAMP Market Report here.
For more information, register for a complimentary webinar on May 24 (2:00pm ET), to discuss the findings, impacts to CSPs and lessons learned from our Third-Party Assessment Organization (3PAO) team.
Opportunities for cloud service providers if they can meet common requirements
The cloud market continues to grow providing opportunity for CSPs of various sizes to serve the federal government if they can better prepare to overcome these common obstacles that CSPs have encountered in the FedRAMP process.
Time to complete FedRAMP authorization is declining, but it’s a company wide effort with a range of investments.
Time to authorization has decreased 65% for CSPs pursuing Joint Authorization Board (JAB) ATO and 59% for those seeking an Agency ATO. CSPs working with a Third-Party Assessment Organization (3PAO) for preparation and assessment typically spend $250,000 to $385,000 on their services.
For organizations that are considering FedRAMP, Coalfire has an extensive list of resources on the FedRAMP assessment or advisory process. If you have any questions or want to begin the FedRAMP process please contact us.