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Global Managed Security Services Market : Threat Detection and Remediation to Emerge as a Key Market Engine Over the Forecast Period

  • March 2015
  • 72 pages
  • Frost & Sullivan
Report ID: 2779408

Summary

Table of Contents

Introduction

•The global managed security services (MSS) research service provides a consolidated, top-level view of Frost & Sullivan’s regional research into the global MSS market.
•This research service draws on detailed previous research by Frost & Sullivan’s security experts across Asia-Pacific (APAC), Europe, the Middle East and Africa (EMEA), Latin America (LATAM), and North America (NA).
•For more in-depth analysis on each of these regions, please see the region-specific studies:
oAnalysis of the EMEA MSS Market, (MA60-74)
oAnalysis of the APAC MSS Market (P811-74)
oAnalysis of the NA MSS Market (NDF2-74)
oAnalysis of the LATAM MSS Market (NE2B-72)

Executive Summary

•The global managed security services (MSS) sales reached $ x billion in 2013.
•EMEA was the largest MSS market globally in 2013, with sales of $ x billion ( x % of the global market), followed by APAC with sales of $ x billion, and North America also with $ x billion. Both the regions held x % each of the global market share. LATAM was significantly behind with $ x billion ( x % of the global MSS sales).
•Frost & Sullivan expects the global MSS market to reach $ x billion by 2018, at a compound annual growth rate (CAGR) of x % from 2013 to 2018. APAC is forecast to be the fastest-growing region with a CAGR of x % from 2013 to 2018.
•Manufacturing, healthcare, and energy and utilities verticals will generate the highest demand in EMEA. In APAC, the highest demand will come from financial services, followed by government. In North America, finance and banking will remain the main drivers, with demand from government decreasing and that from healthcare increasing.
•With cyber threats growing in sophistication and number, more complex tools are required to combat them. As organisations lack in-house expertise to develop such tools, they seek the assistance of MSS providers.
•Organisations are becoming more advanced in use of cloud technology, and larger numbers of employees are accessing official data through their personal mobile devices. Cloud and mobility are hence important market drivers for MSS.
•From a segment standpoint, the majority of sales is still generated in the traditional managed security services space: security asset monitoring and management (SAMM), and specifically, customer premises equipment (CPE)-based SAMM services.
•Customer preference for CPE-based SAMM will decrease over the forecast period shifting toward hosted SAMM. The majority of managed security service providers (MSSPs) expect the hosted segment to be the fastest growing during the forecast period. Frost & Sullivan’s research indicates that organisations in North America have the highest willingness to adopt hosted MSS.
•It has become highly important for leading MSSPs to offer advanced threat protection and security research services in their product portfolios.
•To be profitable, MSSPs need to strike a balance between having strong network security expertise in order to engage big customers, and keeping in check the cost of hiring and training staff.

CEO’s Perspective

To stay competitive, MSSPs must move from generating security alerts to proactively averting or remediating security breaches.
The reputational risks and revenue loss associated with sensitive customer data breaches will be important market drivers.
Threat intelligence, real-time protection, Big Data, and security analytics are the hot areas to watch.
Lack of qualified security staff is increasingly becoming a pressing issue for many organisations, which can be resolved by MSSPs.
Standard customer premises equipment-based SAMM still constitute the largest segment of the market.

Key Questions This Study Will Answer

Which are trends and market drivers that will shape the MSS market in the forecast period?
What is the revenue forecast by region?
Which are the most prominent verticals that MSSPs are operating in?
Which are the leading competitors in the global MSS market?
What are the market shares by MSS segment?
How are the different regions performing?

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