Global Managed Security Services Market

  • December 2013
  • -
  • Frost & Sullivan
  • -
  • 73 pages

Regulatory Compliance and Advanced Threat Protection Induce Organizations to Outsource Security

The global managed security services market continues to grow at double-digit rates. An increasingly complex and voluminous threat environment, ever-changing regulatory compliance frameworks, and the lack of internal expertise have incentivized organizations to consider engagements with a managed security service provider. In this research service, Frost & Sullivan has consolidated research on the regional managed security services markets. This research service includes global revenue forecast for hosted and customer premises equipment-based managed security services segments for the 2011 to 2017 period, and competitive landscape and market analysis.

Introduction

•The global managed security services (MSS) research service (RS) provides a consolidated, top-level view of Frost & Sullivan’s regional research into the global MSS market.
•This RS draws on detailed research from Frost & Sullivan’s security experts across Asia-Pacific (APAC), Europe, the Middle East, and Africa (EMEA), Latin America (LATAM), and North America (NA).

Executive Summary

•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.
•Frost & Sullivan’s research indicates that organizations in NA exhibit the highest readiness to adopt hosted MSS.

CEO’s Perspective

1. MSSPs’ service-delivery operations are broadening in service options and deepening in security efficacy.
2. Hosted MSS constitutes the fastest growing service category.
3. APAC is expected to experience the highest growth rates over the next five years.
4. The global MSS market remains highly fragmented.
5. Powerful security analytics tools, and broad and deep security intelligence become the cornerstone of MSS.

Market Overview—Definitions

Market Description
•The service-delivery operations of MSSPs are broadening in service options and deepening in security efficacy.
•MSSPs monitor results (log stream data) of security appliances (security products) from a security operations centre (SOC). In many instances, MSSPs also manage the security appliances throughout their lifecycle.
•Leading MSSPs include advanced threat protection, and security research services in their product portfolios.
•By providing an outsourcing service, MSSPs assist customers in reducing capital expenditure (CAPEX) while providing in-depth expertise on security and maintaining efficient security management.
•MSSPs are expected to have expertise in a wide number of product vendors because frequently their initial customer engagements are to monitor and manage existing equipment..
•Frost & Sullivan splits the MSS market into three service category segments: CPE-based MSS, hosted MSS, and professional and technical services (PTS).

Region Definitions
•APAC encompasses Japan, Australia, New Zealand, India, and members of the Association of Southeast Asian Nations.
•EMEA includes countries in Western and Eastern Europe, Western Asia, and North and Sub-Saharan Africa.
•LATAM comprises Mexico, Central and South America.
•NA includes the United States and Canada.

Key Questions This Study Will Answer

What is the total addressable market of MSS globally and by regions?
What are the values of the CPE and hosted MSS segments? How fast will these segments grow over the next five years?
Which services are experiencing more demand? How will the demand for services change over the forecast period?
What are the most prominent verticals that MSSPs are operating in?
What trends are, and will continue, shaping the future of MSSPs and MSS offerings?
Who are the leading competitors in the global MSS market?

Table Of Contents

Table Of Contents

1. Executive Summary
2. Market Overview
3. Total Managed Security Services Market
• External Challenges: Drivers and Restraints
• Forecasts and Trends
• Market Share and Competitive Analysis
4. CPE-based MSS Segment Breakdown
5. Hosted MSS Segment Breakdown
6. Asia-Pacific Breakdown
7. Europe, the Middle East, and Africa Breakdown
8. Latin America Breakdown
9. North America Breakdown
10. The Last Word
11. Appendix

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