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Frost & Sullivan: Targeted Cyber Attacks Spur Managed Security Services Market in EMEA

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Frost & Sullivan: Targeted Cyber AttacksFrost & Sullivan: Targeted Cyber Attacks Spur Managed Security Services Market in EMEA PR Newswire LONDON, Nov. 21, 2013 - Marked revenues will double by 2018 - MSSPs focus on security intelligence and security analytics The managed security services (MSS) market in Europe, the Middle East and Africa (EMEA) is experiencing rapid growth as the proliferation of targeted cyber attacks compel organisations to turn to MSS providers for their security needs. Security analytics tools and threat landscape research are becoming core elements of MSS offerings. In the face of budget reductions for IT services, MSS also facilitate cost-effective and efficient security operations for enterprises. New Analysis of the EMEA Managed Security Services Market from Frost & Sullivan (http://www.networksecurity.frost.com) finds that the market earned revenues of $2.62 billion in 2012 and estimates this to more than double to reach $5.50 billion in 2018. The research covers customer premises equipment services, and hosted services, which are expected to experience higher than average growth rates as organisations seek to shift from capital expenditure to operational expenditure models. "In addition to the lack of in-house expertise and the growing complexity of threats, the need to comply with industry standards and regulatory requirements has incentivised organisations to outsource at least a part of their security operations.
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Frost & Sullivan: Targeted Cyber Attacks Spur Managed Security Services Market in EMEA

PR Newswire

- Marked revenues will double by 2018 - MSSPs focus on security intelligence and security analytics

The managed security services (MSS) market in Europe, the Middle East and Africa (EMEA) is experiencing rapid growth as the proliferation of targeted cyber attacks compel organisations to turn to MSS providers for their security needs. Security analytics tools and threat landscape research are becoming core elements of MSS offerings. In the face of budget reductions for IT services, MSS also facilitate cost-effective and efficient security operations for enterprises.