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Home / India News / 2007 / February / February 2, 2007
Fuelled by Local Competitors, the European in-the-Cloud Managed Security Services Market Takes off

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Fuelled by Local Competitors, the European in-the-Cloud Managed Security Services Market Takes off

Mumbai, Maharashtra, India

Currently, the vast majority of revenues of the nascent EMEA in the cloud managed security services (MSS) market derive from offering clean pipe services to end users. These MSS providers (MSSPs) typically control a wide variety of security solutions for malware and threat prevention, virus scanning, and/or URL filtering. Increasingly, however, they are providing other security services such as e-mail archiving, anti-denial of service attacks and intrusion prevention systems to protect corporate networks in an ever-changing, threat landscape. These trends are poised to dramatically transform the MSS market over the coming years.

Frost & Sullivan (http://www.internetsecurity.frost.com) finds that the EMEA In the Cloud Managed Security Services Market earned revenues of $81.7 million in 2005 and estimates this to reach $603.7 million in 2012.

If you are interested in a virtual brochure, which provides manufacturers, end users, and other industry participants with an overview of the latest analysis of The European In the Cloud Managed Security Services Market, send an e-mail to Ravinder Kaur - Corporate Communications at ravinder.kaur@frost.com with your full name, company name, title, telephone number, e-mail address, city, state, and country. We will send you the information through email upon receipt of the above information.

"The growth and development of this market has been fuelled by specialist European MSSPs who have pushed e-mail hygiene services in the region," says Frost & Sullivan Industry Analyst Jose Lopez. "Their key selling proposition has been based on providing a clean pipe to their clients, thus saving bandwidth costs. In addition, the introduction of new services such as instant messaging (IM) filtering, Web filtering and e-mail archiving and encryption has had a positive effect on 2005 and 2006 growth levels, which will drive revenue expansion throughout the forecasted period."

While the existent services have attracted a number of important clients and demonstrate the validity of the in the cloud model, the anticipated growth of this market is unlikely to come from selling e-mail and Web security services alone. Instead, future market growth will derive from additional security services such as firewall and intrusion prevention services that are already popular customer premise equipment (CPE) based services.

"In 2007 and 2008 there will be stronger commitment from established MSSPs who will start to offer these services to a larger audience," suggests Mr. Lopez. "Therefore, the growth seen in the past few years will be sustained by the introduction of new services and stronger commitment from MSSPs, which will drive the market growth in the region throughout the forecasted period."

The in-the-cloud MSS model remains relatively new to the marketplace, and has been subjected to the scrutiny and scepticism that is typical in an industry still experiencing the early phase of its product lifecycle curve.

Moreover, the MSS model continues to encounter even more scepticism than most new industries would experience at this point in the lifecycle due to the extremely sensitive nature of the clients' networks. Therefore, the challenge of establishing and maintaining the trust of existing and potential clients alike is therefore of paramount importance to the future of the industry as a whole.

"This restraint will gradually be reduced over the next few years by ongoing consolidation with the presence of well established IT and telecom vendors," notes Mr. Lopez. "However, regardless of the reputation for excellence MSSPs earn through their client partnerships, it seems likely that in the long term large and small businesses alike will always be somewhat uneasy about relying on an external third party to secure their networks."

The European In the Cloud Managed Security Services Market is part of the Network Security Technologies Subscription which also includes research in the following markets: Intrusion Detection and Prevention Markets, SSL VPN markets, Content Filtering Markets. All research included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants. Interviews with the press are available.

Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics. For more information, visit www.frost.com.

The European In-The-Cloud Managed Security Services Market
BA15 -74

Ravinder Kaur, Corporate Communications - South Asia & Middle East, Frost & Sullivan, +91 (044) 4204 4515 ravinder.kaur@frost.com

Srividhya Parthasarathy, Corporate Communications - Europe, Frost & Sullivan, +91 (044) 4204 4668 sparthasarathy@frost.com

Source: Frost & Sullivan (Business Wire India)

Press release presented here is sourced from the Source mentioned above and is provided on as-is basis. Please contact the Company / Source directly for any further information in regard to this release. This website will be unable to assist you in regard to the accuracy or correctness of information in this release.

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