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European in the Cloud Managed Security Services Markets

Frost & Sullivan
September 13, 2006
39 Pages - SKU: MC1375668

Abstract Table of Contents Related Reports

Countries covered: Europe

Research Overview

This Frost & Sullivan research service entitled The European In-the-Cloud Managed Security Services Market provides key market drivers and restraints, market forecasts and trends, and a comprehensive analysis of the competitive landscape.

Market Sectors

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

In-the-cloud managed security services

Technologies

The following technologies are covered in this research service:

Messaging security
Web filtering
E-mail encryption
E-mail archiving
Intrusion prevention
Firewall services
Anti-denial of services

Market Overview

Ability to Provide a ‘Clean Pipe’ to Customers Drives Growth of Managed Security Services Providers

The European in-the-cloud managed security services (MSS) market generated revenues of $81.7 million in 2005, representing a huge increase of 59.6 per cent from its earnings of $51.2 million in 2004. By 2012, the market is expected to reach $603.7 million, at a compound annual growth rate (CAGR) of 33.1 per cent from 2005-2012. Companies requiring secure business communications are increasingly using these services to gain an additional layer of protection as well as to prevent harmful traffic from reaching their networks. Thus, they are able to save bandwidth costs and provide enhanced security for business communications.

The advantage of outsourcing IT security to MSS providers (MSSPs) is that they continuously monitor latest trends and challenges in security solutions, giving them an edge over companies’ in-house IT staff in terms of preparedness for specific security threats. "MSSPs can leverage their network and expertise to deliver security services that mitigate threats before they arrive at the customer premise, thus delivering a ‘clean pipe’ to the customer," says the analyst of this research service. "The MSSP model allows providers to leverage economies of scale and provide cost-effective solutions on a regional or global scale without customers incurring expensive set-up and maintenance costs."

Lower Cost of Outsourcing versus In-house Security a Major Market Driver

Attracting and maintaining in-house personnel with strong IT security skills, combined with costs of hardware, software and maintenance can be an expensive proposition for many companies. Thus, the concept of outsourcing this critical function to MSSPs is gaining traction as they not only have the relevant expertise, but also offer fast implementation along with lower operating, bandwidth and staff costs.

"Therefore, while it is difficult to estimate the exact total cost of ownership (TCO), the cost of outsourcing IT security is likely to be considerably lower than keeping it in-house," says the analyst. "This is expected to be one of the key drivers for the successful implementation of MSS over the forecast period from 2006-2012." Currently, opportunities for MSSPs primarily lie in the high end of the market, but companies in the small and medium-sized business (SMB) segment have also started demanding this service.

1. Executive Summary
        1. Executive Summary of the European in the Cloud Managed Security Services Market
                  1. Executive Summary

2. Market Definitions Drivers and Restraints
        1. Market Definitions
                  1. Market Overview and Definitions
        2. Market Drivers and Restraints
                  1. Market Drivers
                  a. Lower Cost of Outsourcing versus Doing it In-house
                  b. Difficulty in Acquiring Strong Security Skills
                  c. Model Gaining Acceptance in Europe
                  d. Ability to Offer Round-the-Clock Monitoring
                  e. Economies of Scale
                  f. Relentlessly Innovative Threats
                  g. Economies of Scope
                  h. Regulatory Pressure Demanding Security
                  i. Growing Awareness of Potential Severity of Damage
                  2. Market Restraints
                  a. Residual Scepticism Driven by Fear of Outsiders
                  b. Perceived Loss of Control
                  c. Not Enough Commitment From Established MSSPs
                  d. Latency of Communications
                  e. Price is Still High for Many Potential Clients
                  f. Highly Confidential Service Discourages Referrals
                  g. Low Level of Customisation
                  h. Regulatory Dissonance in Europe
                  i. Scalability Problems
                  j. Demonstrate ROI Without a Serious Security Failure

3. Market Trends and Forecasts
        1. Market Forecasts
                  1. Revenue Forecasts
        2. Market Trends
                  1. Type of Service
                  2. Demand Analysis
                  3. Distribution Trends
                  4. Pricing Trends
                  5. Legislation Trends

4. Competitive Landscape
        1. Competitive Landscape
                  1. Competitive Landscape
                  2. Market Leader
                  3. Market Challenger
                  4. Market Contenders
                  5. Emerging Players
                  6. Niche Players

List of Figures

The following technologies are covered in this research:

Messaging security
Web filtering
E-mail encryption
E-mail archiving
Intrusion prevention
Firewall services
Anti-denial of services

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European in the Cloud Managed Security Services Markets

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