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DAILY NEWS AND INFORMATION FOR THE GLOBAL GRID COMMUNITY /
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Breaking News -
Security:
WAN Providers To Reap Benefits Of
Security Services Growth
While the demand for managed security services has been limited in the past
few years, the worldwide managed security services market is expected to grow
from $1.6 billion in 2002 to $5.9 billion in 2007, reports In-Stat/MDR. This
growth will definitely result in a lot of opportunity for the main players in
this space - hardware and software vendors, managed service providers,
traditional telcos and consulting firms. However, the high-tech market
research firm expects that the WAN access providers, which have an existing
services relationship with the largest percent of the market, are poised to
reap the most immediate benefits of the continued need for these types of
services.
"Any company that has some type of WAN access needs security. However,
while
this group of service providers has the best reach to customers, they also
tend to have the least expertise on security," says Jaclynn Anderson, a
research analyst with In-Stat/MDR. "The most security-savvy of the competing
security service providers are the security niche players, vendors like,
Counterpane, Guardent and Symantec, which have built their reputation solely
on their ability to provide top-level security. The start-up mentality for
many of the niche players, has allowed them to quickly adapt to market
changes, and provide services for new types of security equipment faster than
any other type of managed security service provider."
In-Stat/MDR has also found that:
- While security-consulting made up the majority of managed security
services
in 2001, managed security monitoring is expected to become the biggest piece
of the market by 2007 at $2.5 billion.
- In a recent survey, In-Stat/MDR found that the largest segment of buyers
is
planning to purchase security products and services in 6 months to less than
one year, which based on the date of the survey roughly equates to the first
half of 2004. This is promising for security product and service vendors,
alike.
- Respondents to In-Stat/MDR’s survey have many reasons for purchasing
security solutions. The most common reason cited by respondents is the
business liability issue.
- Security legislation in the financial, health care, and government
sectors,
including Gramm-Leach Bliley and HIPAA, is pushing companies in these markets
to look for assistance in implementing solutions to meet legal requirements.
The sensitive nature of the data in these industries is what drives these
vertical industries ahead, in respect to security services.
- Smaller Managed Security Service Providers (MSSPs) are offering
co-management capabilities allowing for more customizable security service
offerings. Co-management allows an outsourced service provider to provide
security on only a limited basis, during a specific time period, such as
after-hours, or for specific tasks. The larger MSSPs expect co-management to
be costly for the smaller MSSPs should a security event occur.
The report, "Managed Security Services: A Market Analysis", details the
services offered by managed security service providers, including remote
perimeter management, security consulting and managed security monitoring.
Remote perimeter management services are segmented further into firewall
management, VPN management and IDS management services. Security services are
forecasted by type of service, geography, sales channel, size of business, and
vertical industry. To purchase this report, or for more information, please
visit www.instat.com/catalog/Ncatalogue.asp?ID=138.
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