US$4.8 Billion in 2013 worth for World Managed Security Services Market

    The managed security services market is driven by the need for the companies to maintain and track e-mails, network logs and other data up to a given point of time. MSS market is witnessing a shift in technology towards intrusion prevention systems (IPS) from the conventional intrusion detection systems (IDS), signifying that the managed security service providers and their customers are proactively inclined towards preventive measures, in battling out threats such as pharming, phishing, phlooding and distributed denial-of-service (DDoS). With more number of businesses looking to safeguard their networks and with new legislations on information security underway, an up-surge in demand for managed security services (MSS) is very likely to happen. As stated in a recent report published by Global Industry Analysts, Inc., the global managed security services market is dominated by North America and Europe, accounting for a share of over 80%.

    Managed security service revenues in Asia are projected to grow at a compounded annual rate of approximately 38%. Firewall/VPN Services represent the largest segment of the global MSS market, and in North America are expected to be US$750 million in 2013.

    Major players in the marketplace include Avaya, AT&T, Counterpane Internet Security, Cisco Systems, Check Point Software Technologies, Enterasys Networks, Fortinet Inc, Internet Security Systems, IBM, Juniper Networks, Nortel Networks, Qualys, Secure Computing Corporation, Symantec, SonicWALL, Unisys Corporation, VeriSign and WatchGuard Technologies Inc.

    "Managed Security Services: A Global Strategic Business Report" published by Global Industry Analysts, Inc., provides a comprehensive review of the recent mergers, acquisitions, market trends, drivers, issues, challenges and competition. Analytics for the period 2003 through 2013 are presented for major geographic markets such as North America, Europe and Asia.