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News

Frost and Sullivan's Asia Pacific MMS market Available

Research And Markets : 11 March, 2010  (New Product)
Research and Markets is stocking the Asia Pacific Managed Security Services (MSS) Market
Research and Markets has announced the addition of Frost & Sullivan's new report 'Asia Pacific Managed Security Services (MSS) Market' to their offering.

The key driver for the Asia Pacific MSS market is the growing sophistication of security threats and the inability of organizations to cope up with its complexity. As network security risks continue to escalate and compliance mandates become more stringent, organizations are forced to implement an ever-increasing number of security technologies. Customers are displaying an aversion for large CAPEX and are keen to transition to a more predictable operating expense model. This shift is driving the uptake of MSS services, as more customers are open to adoption of services from third-party service providers. 'Though the 2008 global financial crisis has made many enterprises tighten their IT budgets, enterprises are looking for more cost effective ways of meeting their security needs,' notes the analyst of this research service. 'This is in fact driving an increased interest in shared infrastructure delivery models in the Asia Pacific region.' As technology matures, many customers believe shared and scalable infrastructure will pave the way toward more competitive and cost-effective solutions. The Asia Pacific MSS market grew by a healthy 10.8 percent on a year-on-year basis and recorded total revenues of $1,140.7 million in 2008. The revenues are expected to grow at a strong CAGR of 19.7 percent from 2008 to 2015.

In developing markets, such as China, Indonesia, the Philippines, and Vietnam, trends point to growing participation from local service players, as the key barriers include the lack of telecom de-regulation, immaturity of profit model in MSS, and the need for high-level of expertise in security services. Hiring and retaining skilled personnel was an onerous task for IT firms operating under tight budgets. The large business segment remained the largest adopters of MSS, particularly the CPE-based services and assessment/consulting services. 'Buying behavior in large enterprises has always been more mature compared to that of SMB customers,' explains the analyst. 'Nevertheless, as SMB customers realize the economic sense derived from the shared infrastructure model, the attraction quotient has been ramped up significantly.' Hosted services have witnessed slow uptake in the large enterprise segment across the Asia Pacific market due to the unpopularity of the cloud model for security, which is perceived as loss of control for customers. Lack of trust and cultural issues continue to be major impediments in the security outsourcing segment, as customers grapple with numerous legislations from the Central banks and government. With the lack of clarity on outsourcing, customers often err on the side of caution by managing the infrastructure in-house.

In large enterprises, there is a demand spike for customized services that offer flexibility in monitoring/management (on-site personnel/remote monitoring/customized SOC/co-location) and on-demand consulting services. As for the SMBs, hosted services tend to be more lucrative for them when the services are bundled with other internet or communication services that are available at an affordable price. Hosted services are increasingly gaining traction in this segment due to economies of scale, pricing, and ease of deployment. Virtualization and products such as unified threat management (UTM) have made it easier for service providers to reap the benefits of economies of scale and reduce the pricing, thereby making it attractive for this segment.
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