Europe Managed Security Services Market 2009-2013 report by Technavio Insights forecasts the Managed Security Services (MSS) market to grow at a CAGR of 12.3 percent. The majority of the revenue is being generated from the Insurance, Banking, and Government sectors.
The major growth drivers include:
- With the increasing sophistication of threats and growing enterprise networks, companies are realizing the need of MSS to protect their data
- Lower cost of ownership, as MSS providers are typically less expensive than in-house, full-time security experts. Companies are increasingly deploying the services of MSS providers
- Easy access to proficient skills is driving IT organizations to outsource the security management to the specialized MSS providers
- Regulations and Compliance Management standards compel organizations to improve security to protect end users, this also is driving the companies to MSS providers for advice and help
However, the market is faced with some challenges which can inhibit the growth, such as, issues in shared environment, where certain MSS providers use shared operational environment to serve multiple clients. This in turn increases the likelihood of one organization having access to the sensitive information of another. Another problem is the high implementation and hidden cost associated with them.
Europe Managed Security Services Market refers to information and network security services that are outsourced to an external service provider, who provides a systematic approach for managing the organization's security needs. This report analyzes MSS market’s recent performance and provides Europe market revenue and growth rates from 2009 through to 2013. It further discusses about the sub sectors or the segments which are driving the growth. It includes comprehensive analysis of various trends and changes taking place in the MSS market around the globe. The report also explains the factors influencing market growth and also inhibitors preventing their adoption. It provides basic profiles of some of the leading vendors in the market