1. Market Research
  2. > Computer Security Market Trends

The Managed Security Services (MSS) Market in the Gulf Corporation Council (GCC) Countries : Hosted MSS and Cloud Services to Witness Strong Growth

  • November 2014
  • 95 pages
  • Frost & Sullivan
Report ID: 2506818

Summary

Table of Contents

Key Findings

•Managed security services (MSS) are witnessing the fastest growth among all the managed services in the Gulf Corporation Council (GCC) countries.
•The MSS market is predominantly based on customer premises equipment (CPE).
•Over 2014 to 2017, with the increase in Internet and broadband connections, the hosted MSS segment will gain traction and emerge as the fastest growing segment.
•The complexities of securing an organisation’s network and infrastructure against targeted attacks have been a major driver in adopting MSS.
•Cloud computing and virtualisation are the key market trends. The managed security service providers (MSSPs) focus on offering customer support for providers of cloud services, who offer various service delivery models such as Software as a Service (SaaS), Platform as a Service (PaaS), or Infrastructure as a Service (IaaS). The few vendors who are able to leverage on their expertise in network security experience high revenue growth.
•CPE-based Firewalls and intrusion detection systems/intrusion prevention systems (IDS/IPS) are the most mature services among MSS. Currently, cloud-based security services are gaining momentum in Qatar and the United Arab Emirates (UAE).
•The government and business, financial services and insurance (BFSI) are the key verticals for MSS. Network security and its related services are considered the most crucial offerings by multinational companies (MNCs) in the GCC countries.

CEO’s Perspective

There is a need for cloud-based managed services in the GCC region to reduce the risk of malware infections.
Customers demand the bundling of security services with other information technology (IT) or telecom services.
Businesses are looking for a centralised access point to control traffic flow and data leakage as well as for remote connectivity.
MSSPs offer the intelligence, tools and capabilities that are necessary to understand the content and context of application traffic.
Managed services for mobile security are poised to boost MSS revenue.

Market Definitions

•MSS involve the outsourcing of network security to a third party, which hosts, monitors and responds to malicious malware and criminal activity.
•Forward-thinking IT departments are outsourcing security to dedicated MSSPs to get ahead of the latest threats while retaining oversight of security operations. This ensures the safety of intellectual property, better allocation of resources, reduced operational costs and greater peace of mind.
•MSSPs manage the life cycle of specific information security hardware and software such as IDS/IPS, firewalls, antivirus, etc. to handle security services better.
•MSSPs monitor the results of security appliances (security products) from a security operations centre (SOC). In many instances, they also manage the security appliances throughout their life cycle.
•MSSPs help customers to reduce their capital expenditure (capex) while providing in-depth expertise on security and maintaining efficient security management.
•Frost & Sullivan splits the MSS market into three segments: CPE-based MSS, hosted MSS and assessment services (professional and technical services). In this research service, only CPE-based MSS and hosted MSS will be discussed.

Key Questions This Study Will Answer

What is the total addressable market for MSS by country in the GCC region?
Which services are growing at a healthy rate and which specific services are the most in demand?
Which services are experiencing higher demand? How will the demand for services change over the forecast period?
Which are the current and future trends that are likely to influence the MSS market?
At what rate is the market slated to grow and what are its prospects through 2020 ?

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

Ahmad helps you find the right report:

Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

Purchase Reports From Reputable Market Research Publishers

Asia-Pacific Web Application Firewall Solutions Market, Forecast to 2021

  • $ 15000
  • Industry report
  • May 2017
  • by Frost & Sullivan

Escalation of Sophisticated Attacks on Web Applications Driving Market Growth The Asia-Pacific (APAC) Web application firewall (WAF) solution market continued to grow tremendously in 2016 by 27.6% year-on-yea ...

Network Forensics Market by Solution, Service, Application Area, Deployment Mode, Organization Size, Vertical, and Region - Global Forecast to 2021

  • $ 5650
  • Industry report
  • March 2017
  • by MarketsandMarkets

Increased need to secure networks from advanced attacks, such as ransomware, DDoS, and APTs is expected to drive the network forensics market The network forensics market size is expected to grow from ...

SMS Firewall Market by SMS Type, SMS Traffic, Messaging Platform, Service Type, Organization Size, Vertical, and Region - Global Forecast to 2022

  • $ 5650
  • Industry report
  • June 2017
  • by MarketsandMarkets

“Stringent regulations are driving the demand for SMS firewall solutions.” MarketsandMarkets: The SMS firewall market size is expected to grow from USD 1.73 billion in 2017 to USD 2.82 billion by 2021, ...


ref:plp2014

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.