SOURCE: Infonetics Research

Infonetics Research

September 16, 2010 17:24 ET

Infonetics Research: Security SaaS propelling managed security services market to strong growth

CAMPBELL, CA--(Marketwire - September 16, 2010) -  Market research firm Infonetics Research (http://twitter.com/infonetics) released the second edition of its biannual Managed Security Services and SaaS market size and forecast report.

ANALYST NOTE

"The big story in the managed security space continues to be software-as-a-service (SaaS). We forecast SaaS for security revenue to increase dramatically, at a compound annual growth rate of 31% from 2009 to 2014, the highest CAGR in this market by a mile. The time for SaaS has come, and the strong growth forecast is driven by a mix of increased demand (with a boost from the poor economy) and greatly increased availability from a wide variety of providers, including network providers, security specialist service providers, large content providers, and product manufacturers," notes Jeff Wilson, principal analyst for security at Infonetics Research.

MARKET HIGHLIGHTS

  • Despite the global economic meltdown, the security service market is strong and growing, driven by increasing global demand from organizations of all sizes due to the:
    • Proliferation of security threats
    • Complexity of current security solutions
    • Widespread use of many different kinds of devices, platforms, and applications
    • Drive to add revenue and improve margins by product manufacturers and service providers
  • The worldwide managed security services market hit $9.35 billion in 2009, up 11% from 2008
    • Infonetics' 2009 managed security services revenue forecast, made a year ago, was within 1% of actual revenue
  • 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

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 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, survey data, and service provider analysis. Regions tracked include North America (with US and Canada breakouts), EMEA, Asia Pacific, and CALA.

RELATED RESEARCH

UPCOMING SECURITY MARKET RESEARCH
See SECURITY on Infonetics' portal (http://www.infonetics.com/login) for more market forecasts and surveys:

SALES

Infonetics Research 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.

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