2014-01-08 11:01:01 - Global Managed Security Services Market - a new market research report on companiesandmarkets.com
The global managed security services market is forecast to continue to expand at double-digit rates. The increasingly complex and real threat to security and the dynamic regulatory compliance frameworks combined with the lack of internal expertise has driven organisations to consider solutions with managed security serivce providers.
The global MSS market continues to expand at a healthy rate. Protecting information technology (IT) infrastructure and reducing the risk of data breaches from targeted attacks, and assisting in compliance with regulations represent major drivers across all geographies.
The financial and reputational risks associated with cyber attacks incentivize organizations to consider engagements with a MSS provider (MSSP). An increasingly complex and voluminous threat environment, coupled with a lack of in-house expertise, exacerbates the need to
find a MSSP partner. Ever-changing regulatory compliance frameworks also compels organizations to engage with MSSPs to lessen their post-audit non-compliance remediation efforts and streamline compliance reporting.
Along with these drivers, leading MSSPs are enhancing their product portfolios. MSSPs place significant emphasis on demonstrating their threat detection, threat landscape research, and security intelligence capabilities.
From a regional perspective, EMEA represents the largest regional market. However, APAC is driving the expansion of the global MSS market, exhibiting the highest growth rates of all the regions. LATAM ranks second in terms of growth.
From a segment standpoint, the global MSS market remains predominantly customer premises equipment (CPE)-based. However, the majority of MSSPs consider that hosted MSS will be the fastest growing segment during the next five years. Research indicates that organizations in NA exhibit the highest readiness to adopt hosted MSS.
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