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News

Report Examines Growth Trend In Managed Security Service Providers in Europe

Research And Markets : 05 August, 2010  (New Product)
The European Managed Security Service Providers Market report from Frost and Sullivan is available for purchase from Research and Markets
Research and Markets has announced the addition of Frost & Sullivan's new report 'European Managed Security Service Providers Market' to their offering.

This Frost & Sullivan research service titled European Managed Security Service Providers Market provides an in-depth analysis of the market drivers and restraints, industry structure, and competitive environment, besides dealing with the industry challenges and issues faced by market participants.

Frost & Sullivan analyses the current state of the European Managed Security Service Providers Market, looking at drivers and restraints for growth, pricing, distribution, technology, legislation, demand and geographical trends. Following form those, market growth for regional and market segments is forecasted. In addition, an in-depth analysis of the competitive situation including vendors' market shares is performed, along with detailed profiles of the key vendors in the industry

Market Overview

European Managed Security Service Providers Market Growth Maintains Upward Trajectory

Regardless of the ongoing economic downturn, the European managed security service providers (MSSP) market has witnessed steady growth. The market is benefiting from the worldwide recession as customers are striving to ramp up security and at the same time cut costs. The MSSP market is experiencing a surge in adoption, as companies are increasingly willing to transfer management of their sensitive data to third parties. The specialized knowledge and proficiency of MSSPs allows them to cater to small- and medium-sized businesses (SMBs), thereby enabling these companies to obtain enterprise-class security at an affordable cost. 'As security migrates from heavily regulated verticals such as the financial industry into more 'mundane' and traditionally less security-focused verticals, more businesses are poised to engage MSSPs,' notes the analyst of this research service. 'With the growing exposure to various types of security breaches, companies are becoming progressively more educated regarding the need for security.' Up until now, compliance with regional and local regulations and standards has been the primary driver for the information security market, including the MSSP market in Europe. However, at present, reducing expenditure has assumed greater importance for businesses across the board.

Although the prospects for the market look upbeat, there are some impediments clouding the landscape. 'Telecommunications companies are leading a wave of consolidation by acquiring MSSPs or developing such capabilities in-house,' says the analyst. 'The challenge for participants would be to enable this in such a manner that the focus on security is retained and the ability to provide adequate security is not diluted despite the complexities involved.' Countries in Europe have different languages, legal structures, and business climates; this can have a huge impact on the differences between one market and another, thereby posing hurdles for participants intending to expand their businesses into other countries. Chief among these differences is the language barrier.

European countries are much more reactive regarding security and do not adopt a more security-aware posture until breaches take place. This holds true for the more mature markets and in markets where there are less MSSP options. In such countries, companies are more inclined to target the enterprises rather than SMBs, and this factor constrains those that prefer to be proactive. In this scenario, MSSPs must constantly remain updated and provide best-of-breed security. Going forward, the trend of consolidation of telecommunications companies will continue and perhaps even increase. Companies have realized the value of security both internally and also as a value added service bundled along with traditional communications products; hence, they are catching up and acquiring MSSPs. The market will feel the impact of this development as these companies bring vast resources to the competitive landscape. To ensure business progression, participants must focus on areas with low adoption rates and the largely untapped SMB segment as they offer enhanced potential for market growth.
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