The Managed Security Services (MSS) Market in the Gulf Corporation Council (GCC) Countries
Managed security services (MSS) are witnessing the fastest growth among all the managed services in the Gulf Corporation Council (GCC) countries.
The MSS market is predominantly based on customer premises equipment (CPE).
Over 2014 to 2017, with the increase in Internet and broadband connections, the hosted MSS segment will gain traction and emerge as the fastest growing segment.
The complexities of securing an organisation’s network and infrastructure against targeted attacks have been a major driver in adopting MSS.
Cloud computing and virtualisation are the key market trends. The managed security service providers (MSSPs) focus on offering customer support for providers of cloud services, who offer various service delivery models such as Software as a Service (SaaS), Platform as a Service (PaaS), or Infrastructure as a Service (IaaS). The few vendors who are able to leverage on their expertise in network security experience high revenue growth.
CPE-based Firewalls and intrusion detection systems/intrusion prevention systems (IDS/IPS) are the most mature services among MSS. Currently, cloud-based security services are gaining momentum in Qatar and the United Arab Emirates (UAE).
The government and business, financial services and insurance (BFSI) are the key verticals for MSS. Network security and its related services are considered the most crucial offerings by multinational companies (MNCs) in the GCC countries.
About this report
The research service discusses the managed security services (MSS) market in the Gulf Corporation Council (GCC) countries. The current market size has been discussed and forecasts have been provided for the total market and for individual countries. The study covers the impact of new technologies such as cloud computing, vitalization, and other key trends driving market growth in the region. The study splits the MSS market into three segments: CPE-based MSS, hosted MSS, and assessment services (professional and technical services). Companies that have expertise in anti-virus services, Identity Access Management, and data loss prevention will have a bright future in the MSS market. The study period is 2011-2020, with 2013 as the base year.
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