Double-Digit Growth Expected in Managed Security Services Space

A report by Technavio Insights predicts the managed security services market will grow 14.2 percent CAGR from 2009 to 2013, due mainly to shifting IT priorities and an increased level of comforting with outsourcing security needs.

The report, North America Managed Security Services Market 2009-2013,” notes that managed security services providers (MSSPs) can reap the benefits of a maturing market. Among the major growth drivers, according to the report, is a shift within in-house IT departments to focus more on core business activities, which is driving them to outsource the security management to MSSPs.

Also, established Service Level Agreements by MSSPs have increased companies comfort level in using managed services. The SLAs guarantee companies can expect real-time results from MSSPs, further driving growth.

Additionally, government regulations and compliance management standards are compelling companies to improve their security to protect end users. MSSPs are being utilized not only for their services but also for their advice and assistance, as many in-house IT departments dont have the deep knowledge base needed to secure their networks and data from potential threats.

But, the report added, there are some challenges MSSPs face that could inhibit growth. Shared environments could increase the likelihood of data leakage from one organization to another. And the infrastructure needed to run a managed security services business with success is also costly to build out and maintain.

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