Global Managed Security Service Providers Market 2010-2014

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Managed Security Service Providers Market Witnessing Increased Demand for Cloud Services OfferingA recently published report by Technavio, specialists in emerging technologies market research, reveals that the Global Managed Security Service Providers (MSSP) market is expected to grow at a CAGR of 17.5 percent over the period 2010-2014. The report, which covers the Americas as well as the EMEA and APAC regions, indicates that the market is being driven by the need to reduce the growing complexity of network security solutions.According to Technavio’s industry analyst, “With increasing geographical reach and rising frequency and complexity of attacks, companies continue to implement add-on solutions and modules to their existing network security solutions; in the process, the resulting security solution becomes complex. Further, the output from such solutions will be far too complex for an untrained employee to understand. Thus, companies are outsourcing their network security to MSSPs who not only have expertise but can also provide a combined solution.”The report also highlights that scalability and automation issues are hindering the growth of this market. However, the need among organizations to reduce IT budgets is expected to keep driving the market. This market is also marked by an increased demand for a cloud services offering. These are just some of the important findings presented in the report that will enable companies to fully understand the potential in this market and formulate their own strategies.Technavio’s report, Global Managed Security Service Providers Market 2010-2014, is based on extensive research conducted with industry experts, vendors, and end-users. It examines the key trends, drivers, and challenges impacting the evolution of this market. The report also contains incisive insights and SWOT analyses regarding the key vendors in this market.Companies mentioned in this report include IBM Corp., Symantec Corp., BT Global Services, and Hewlett-Packard Co.