This Frost & Sullivan research service titled Analysis of the Global Managed Security Service Providers Market provides market size, growth projections, and a detailed analysis of key market drivers, restraints, and challenges. In this research, Frost & Sullivan's expert analysts thoroughly examine the following markets: assessment services, cloud-based security services, and managed/monitoring (customer premises equipment (CPE) services.

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Market Overview

Enterprises Prefer to Outsource Security Needs due to Rising Sophistication of Attacks

MSSPs Gain Preference Due to the Cost Benefits They Offer

Enterprises are becoming increasingly exposed to organized cyber crime rings and for many businesses, the complexity of threats have compelled them to turn to managed security service providers (MSSPs). These external service providers enable organizations to maintain a strong security posture while improving business efficiencies and minimizing costs. Organizations are also realizing that traditional security practices and regulatory mandates are not effective enough to prevent data breaches and other attacks. “Different verticals have different compliance requirements, but adhering to them remains a top driver across all organizations,” says the analyst of this research. “Therefore, many are choosing to partner with an MSSP for monitoring and response capabilities as well as regulatory compliance.”

Even though the benefits are many, MSSP vendors will be hard pressed to demonstrate the possible savings accrued through data protection. They have to educate end users about the advantages of outsourcing security to an MSSP. They should also provide a wide range of new security technologies and enhance security portfolios in response to the escalating demand for broader platforms/technology support and more flexibility. “With the rapid introduction of new platforms and security device models, there will be a greater number of devices that the MSSP must support,” notes the analyst. “Consequently, MSSPs must focus on improving their specialization and supporting new emerging solutions to remain competitive in the market.”

Market Sectors

Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research:

• Assessment services
• Cloud-based security services
• Managed/monitoring (customer premises equipment (CPE)) services

Technologies

The following technologies are covered in this research:

• Intrusion detection/prevention systems (IDS/IPS)
• Wireless IDS/IPS
• Secure socket layer-virtual private network (SSL-VPN)
• Firewalls
• Endpoint security
• Mobile anti-malware

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