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Campbell, CALIFORNIA, March 29, 2010—Market research firm Infonetics Research (http://twitter.com/infonetics) released the first edition of its 2010 biannual Managed Security Services and SaaS market size and forecast report.
ANALYST NOTE
“Despite the global economic meltdown that started in mid-2008, the security services market is strong and growing. The primary market drivers for security services include increasing global demand from organizations of all sizes due to the proliferation of security threats of all types; the complexity of current security solutions; widespread use of diverse devices; and the desire of product manufacturers and service providers to add recurring revenue and improve margins. Strong interest in and broad availability of software-as-a-service (SaaS) security offerings will help drive strong growth in the overall managed security services market over the next 5 years,” notes Jeff Wilson, principal analyst for security at Infonetics Research.
SECURITY SERVICES MARKET HIGHLIGHTS
- Managed security service revenue totaled $9.4 billion in 2009, up 12% from 2008
- Service provider managed firewalls continue to be the bread and butter services among CPE-based security services
- Worldwide revenue derived from security services delivered via SaaS grew 70% in 2009, fueled primarily by demand for content security services (e.g., Web, e-mail, and anti-virus security)
- SaaS revenue is forecast to grow from 10% of total security service revenue in 2009 to 22% in 2014, with cloud-based and CPE-based security services making up the balance
- While large organizations currently represent the largest revenue opportunity for service providers offering managed security services, medium and small organizations are spending money on security services at a faster pace
- North America accounts for 41% of worldwide managed security service revenue in 2009
REPORT SYNOPSIS
Infonetics’ Managed Security Services and SaaS report provides market size, forecasts through 2014, and analysis for managed security services by technology (managed firewalls, content security, IDS/IPS, other), service type (CPE, cloud, SaaS), and organization size.
Companies tracked in the report include major telecom service providers (AT&T, T-Systems, China Telecom, etc.), large hosting and Internet content providers offering security services (Google, etc.), specialized security service providers (Virtela, SecureWorks, etc.), and security SaaS vendors (Cisco/ScanSafe, Symantec, McAfee, zScaler, Barracuda/Purewire, Trend Micro, Websense, etc.).
The report includes market drivers, service roadmaps, relevant survey data, and service provider analysis. Regions tracked include North America (with US and Canada breakouts), EMEA (Europe, Middle East, Africa), Asia Pacific, and CALA (Central and Latin America).
Infonetics’ 2009 managed security services revenue forecast ($9.5 billion), made a year ago, was within 1% of actual revenue ($9.4 billion).
MORE INFORMATION
Log in or join: http://www.infonetics.com/login. From the portal, go to RESEARCH, then SECURITY.
SALES
RELATED RESEARCH
COMING UP
See the Security area on Infonetics’ service portal for details (http://www.infonetics.com/login):
- Security Client Software: Market Size and Forecast
- NAC Enforcement Appliances: Market Share, Size, and Forecast
- Virtual Security Appliances: Market Size and Forecast
- IPS Product Vendor Ratings: North American Enterprise Survey
Infonetics Research (www.infonetics.com) is an international market research and consulting firm serving the communications industry since 1990. A leader in defining and tracking emerging and established technologies in all world regions, Infonetics helps clients plan, strategize, and compete more effectively.
Follow Infonetics on Twitter for the latest headlines: http://twitter.com/infonetics.
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