Rising Complex Data-Driven Scenario Creates Growth Opportunities for North American Managed Security Service Providers

Do-it-yourself approach to cyber security proves inadequate for highly dynamic business assets, finds Frost & Sullivan’s Network Security Team

SANTA CLARA, CA – November 14, 2016 – The complexity of network security is increasing due to the growing sophistication of distributed denial of service (DDoS) and the subsequent proliferation of security point solutions. The abundance of security solutions, along with stricter compliance requirements and policies, has stoked the demand for expert security professionals, who are in short supply. In response to this human resource crunch and the need to ensure compliance with data privacy regulations, business and public entities of all sizes are turning to managed security service providers (MSSPs).

“Enterprises are re-evaluating and strengthening their relationships with MSSPs as they recognize the need for advanced analysis engines to process potential incident data from several sources,” said Frost & Sullivan Digital Transformation Vice President of Research Michael Suby. “Additionally, the complicated and potentially conflicting laws and regulations, privacy concerns and possible e-discovery requests are compelling organizations to outsource at least parts of their security functions to MSSPs.”

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The risk management value of MSSPs is very difficult for enterprises opting for a do-it-yourself approach to duplicate. Only the largest of enterprises can gather the range and volume of threat intelligence as MSSPs, effectively process multiple streaming data feeds, and have the security expertise to determine and act on an optimal risk mitigation approach. By building scalable operations, serving customers across multiple verticals, being fluent in security technologies, and staffing with security expertise, MSSPs are well positioned to support organizations of all sizes.
The two types of MSSPs that are best poised to succeed in this market are network service providers that offer DDoS identification and mitigation services, and MSSPs with a broad library of threat intelligence and an ability to translate that to actionable intelligence.

“Customers want solutions that solve problems, rather than mere alerts to a potential problem,” noted Suby. “Therefore, MSSPs that offer consulting, professional and technical services could well outpace the overall market.”

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2016 North American Managed Security Services
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Contact:
Mariana Fernandez
Corporate Communications – North America
P: +54.(11) 4778.3540
E: mariana.fernandez@frost.com

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About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants. For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Contact us: Start the discussion

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This release was published on openPR.