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Frost & Sullivan: Managed Security Services in EMEA Focus on Providing Active Remediation; Germany will overtake the United Kingdom as largest EMEA managed security services market by 2018(M2 PressWIRE Via Acquire Media NewsEdge) LONDON -- Managed security services (MSS) have traditionally focused on monitoring the customer security environment to guard against advanced persistent threats, botnets, zero-day attacks, and countless malware variants. But faced with complex attacks by quickly evolving malware, organizations across Europe, the Middle East and Africa (EMEA) are seeking to establish partnerships with MSS providers (MSSPs) that go beyond security alerts to playing an active role in threat remediation. New analysis from Frost & Sullivan, Analysis of the EMEA Managed Security Services Market, finds that the market generated revenues of $2.8 billion in 2013, and estimates that this will reach $5.0 billion in 2018. The United Kingdom is currently the largest regional market, although it will be overtaken by Germany before 2018. The adoption of high-end MSS will drive rapid growth in the Nordics and the Middle East. Traditional MSS uptake, specifically security asset monitoring and management, will fuel revenues in Central and Eastern Europe, Southern Europe, and Africa. Standard MSS solutions, which include security asset monitoring and management, and risk and compliance management, represent approximately 80 percent of the total EMEA MSS market and are expected to continue expanding at high rates, said Frost & Sullivan Network Security Industry Principal, Frank Dickson. However, threat intelligence, research, detection and remediation services are likely to grow at a rate twice that of security asset monitoring and management, becoming a critical focus area that will distinguish market leaders from the rest. MSSPs should effectively communicate and demonstrate their security competencies to current and potential customers. This is especially crucial as many enterprise decision makers are unaware of the MSS capabilities of many EMEA-based communications service providers. Importantly, being global is not always an advantage in EMEA. In fact, EMEA-based MSSPs highlight their lack of affiliation to the US government as a competitive advantage. Further, the basis of competition in the region is often not on a global or regional scale, but at the country level. Mere country level knowledge is often not enough; physical in-country presence is a huge differentiator in several vendor sourcing decisions, said Frost & Sullivan ICT Research Director, Adrian Drozd. As a result, MSSPs will continue to look for merger and acquisition opportunities to either fortify their portfolio or expand to new geographies or verticals. By establishing a large, cross-industry, cross-region customer base, MSSPs can develop strong security intelligence capabilities with a wider view on the threat landscape, thus enlarging their footprint in the EMEA MSS market. If you are interested in more information on this study, please send an e-mail to Edyta Grabowska, Corporate Communications, at [email protected]. Analysis of the EMEA Managed Security Services Market is part of the Network Security Technologies (http://www.networksecurity.frost.com) Growth Partnership Service program. Frost & Sullivans related studies include: North American Managed Security Services Market, Global Distributed Denial of Service (DDoS) Mitigation Market, Global Unified Threat Management (UTM) and Next Generation Firewall (NGFW) Market, and Emerging Trends in the Network Security Market in India. All studies included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants. About Frost & Sullivan Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants. For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies? Contact us: Start the discussion Analysis of the EMEA Managed Security Services Market MA60-74 Contact: Edyta Grabowska Corporate Communications Europe P: +48 22 481 62 03 E: [email protected] http://www.frost.com Edyta Grabowska Frost & Sullivan Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best in class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best practice models to drive the generation, evaluation and implementation of powerful growth strategies. Frost & Sullivan leverages over 50 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 40 offices on six continents. To join our Growth Partnership, please visit http://www.frost.com. . (c) 2014 M2 COMMUNICATIONS |