The Global Managed Security Services Market to Grow at a CAGR of 9.05 Percent over the Period 2012-2016

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Dublin, Oct. 22, 2013 (GLOBE NEWSWIRE) -- Research and Markets (http://www.researchandmarkets.com/research/xdlv43/global_managed) has announced the addition of the "Global Managed Security Services Market 2012-2016" report to their offering.

One of the key factors contributing to this market growth is the need to increase the quality of protection. The Global Managed Security Services market has also been witnessing an increasing demand for cloud-based services. However, high implementation costs could pose a challenge to the growth of this market.

The key vendors dominating this space include AT&T Inc., Dell SecureWorks Inc., IBM Corp., and Symantec Corp.

The other vendors mentioned in this report are Bell Canada Inc., BT Global Services Ltd., CentraComm Communications Ltd, CGI Group Inc., Computer Sciences Corporation, FishNet Consulting Inc., Fujitsu Ltd., Getronics USA Inc., Hewlett-Packard Co., Integralis AG, Lockheed Martin Corp., Solutionary Inc., Tata Communications Ltd., Trustwave Holdings Inc., VeriSign Inc., Verizon Communication Inc., and Wipro Technology Services Ltd.

Commenting on the report, an analyst from the team said: Given the several advantages of adopting cloud services, such as lower cost and ease of installation and operations, SMEs prefer cloud services over other security service offerings. Further, even large enterprises that are already using CPE-based managed security services are switching to the cloud model. Thus, seeing the increasing demand and popularity of cloud-based offerings, many vendors in the Global Managed Security Services market are offering cloud-based services. For example, specialized cloud service providers such as MessageLabs (part of Symantec), Postini (acquired by Google), and Zscaler provide in-the-cloud security.

According to the report, one of the major drivers is the need to improve the quality of protection. Due to the rising frequency of attacks, organizations are implementing managed security services which help in monitoring and providing better protection. The quality of protection can also be enhanced by outsourcing security responsibilities to MSSPs that have core expertise in this field. Hence, more end-users are adopting managed security services, a trend which is supporting the growth of the Global Managed Security Services market.




For more information visit http://www.researchandmarkets.com/research/xdlv43/global_managed

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