Analysis of the EMEA Managed Security Services Market

  • July 2014
  • -
  • Frost & Sullivan
  • -
  • 70 pages

Threat Intelligence and Threat Remediation Will Drive Revenue Growth

The managed security services (MSS) market continues to grow at double-digit rates in Europe, the Middle East, and Africa (EMEA). Threat intelligence, incident remediation, and advanced MSS will be major growth drivers. Organizations increasingly demand managed security service providers (MSSPs) to go beyond security alert notifications to take an active role in threat remediation. In this research service, Frost & Sullivan has conducted in-depth interviews with leading MSSPs and extensively reviewed secondary research sources. This research service includes revenue forecasts and trends for MSS in EMEA for the 2011 to 2018 period, along with competitive and market analyses.

Key Findings
-The managed security services (MSS) market in Europe, the Middle East, and Africa (EMEA) is forecast to grow from $ billion in 2013 to $billion in 2018.
-Threat intelligence, research, detection, and remediation, and advanced MSS will be major growth drivers. Organizations increasingly demand managed security service providers (MSSPs) to go beyond notifying the organization of security alerts to take an active role in threat remediation.
-Standard MSS, including security asset monitoring and management, and risk and compliance management, represent approximately % of the total market but are expected to expand at high, single-digit growth rates.
-Regulatory compliance, in particular data protection and data privacy compliance, continues to be both a driver and a restraint. While the complexity of maintaining regulatory compliance compels organizations to adopt MSS, misperceptions on regulations—particularly on data protection and data privacy—often deter organizations to engage in MSS.
-From a regional standpoint, the United Kingdom and Germany represent the largest MSS markets in EMEA.
-From a vertical perspective, financial services and government command the MSS market in terms of size.

Market Definitions

Market Description
-MSSPs monitor events (log stream data) of security appliances (security products) from a security operations center (SOC). In many instances, MSSPs also manage the security appliances throughout the appliances’ lifecycle.
-Traditionally, MSSPs have helped customers reduce their capital expenditure (CAPEX) while providing in-depth expertise on security and maintaining efficient security asset management.
-MSSPs are expected to have expertise in a wide number of product vendors because initially they are hired to monitor and manage customer’s existing equipment.
oAs highlighted in Frost & Sullivan’s 2013 Analysis of the EMEA MSS Market, MSSPs’ portfolios are undergoing a transformation, whereby security intelligence, threat analysis, and proactive incident response become core elements of MSS offerings.
oIn the 2014 Analysis of the EMEA MSS Market, Frost & Sullivan sees a consolidation and continuation of this transformation. Hence, Frost and Sullivan has changed the segmentation of the MSS market to reflect this transformation.
oFrost & Sullivan splits MSS into 4 segments: 1) security asset monitoring and management; 2) threat intelligence, research, detection, and remediation; 3) risk and compliance management; and 4) advanced and emerging managed security services.

Segment Definitions
-Security asset monitoring and management refers to traditional MSS.
-More specifically, it refers to event collection, event correlation, event analysis, and security alert notification; security asset maintenance and upgrades; and security assets policy management.
-Security asset monitoring and management has 2 sub-segments, which are customer-premises equipment (CPE)-based and hosted service delivery modes.
oCPE-based delivery modes refer to managing, monitoring, and maintaining security equipment, which is owned by the client and housed in the client’s premises (CPE) from a SOC or by dedicated onsite personnel.
oHosted service delivery modes refer to shared-customer (i.e., multi-tenant security equipment) or dedicated-customer security services, which is delivered based on single-customer equipment housed in the service provider’s premises (service provider premises equipment) or at a third-party location. Regardless of equipment location, the services rendered are fully managed through the service provider’s SOC.

Table Of Contents

1. EXECUTIVE SUMMARY

Executive Summary
Key Findings
Market Engineering Measurements
CEO’s Perspective

2. MARKET OVERVIEW

Market Overview
Market Definitions
Key Questions This Study Will Answer
Market Segmentation
Market Overview—Service Technology Roadmap
Market Distribution Channels

3. DRIVERS AND RESTRAINTS—TOTAL MSS MARKET

Drivers and Restraints—Total MSS Market
Drivers and Restraints
Drivers Explained
Restraints Explained

4. FORECAST AND TRENDS—TOTAL MSS MARKET

Forecast and Trends—Total MSS Market
Forecast Assumptions
Revenue Forecast
Revenue Forecast Discussion
MSS Market Pricing Factors
Pricing Factors Discussion
Percent Revenue Forecast by Segment
Revenue Forecast by Segment
Revenue Forecast by Segment Discussion
Regional Revenue Forecast Discussion
Revenue Forecast by Vertical Market
Vertical Market Revenue Forecast Discussion
Percent Revenue Forecast by Business Size
Revenue Forecast by Business Size
Revenue Forecast by Business Size Discussion

5. MARKET SHARE AND COMPETITIVE ANALYSIS— TOTAL MSS MARKET

Market Share and Competitive Analysis— Total MSS Market
Competitive Analysis Assumptions
Market Share
Market Share Analysis
Competitive Environment

6. SECURITY ASSET MONITORING AND MANAGEMENT SEGMENT ANALYSIS

Security Asset Monitoring and Management Segment Analysis
Security Asset Monitoring and Management Segment Breakdown
Market Engineering Measurements
Revenue Forecast by Delivery Mode
Revenue Forecast by Delivery Mode Discussion

7. THE LAST WORD

The Last Word
The Last Word—Predictions
The Last Word—Recommendations
Legal Disclaimer

8. APPENDIX

Appendix
Market Engineering Methodology
Market Engineering Measurements
List of Items Included in “Others”
Partial List of Other Companies Included for Market Sizing Purposes
Table of Acronyms Used
Learn More—Next Steps

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