The Asia-Pacific managed security services (MSS) market is forecasted to exceed US$4 billion by end-2015, with revenues rising at a compounded growth rate of 19.7 percent annually for the next five years.

Frost & Sullivan industry analyst Cathy Huang expects growing adoption for MSS by small and medium businesses (SMBs).

“As network security risks continue to mount and compliance mandates become more stringent, organisations are forced to implement an ever-increasing number of security technologies,” she says. “The managed model is a compelling option for SMBs who can ill-afford large capital expenditure (CAPEX) on security solutions, nor cope with the complexity of an endless onslaught of newer and increasingly targeted threats.”

New analysis from Frost & Sullivan (http://www.networksecurity.frost.com/), Asia-Pacific Managed Security Services (MSS) Market, finds that the market – covering 14 Asia-Pac countries, including Japan – grew an estimated 15 percent in 2009, clocking revenues of just over US$1.31 billion.

By the end of 2010, Huang expects revenues to hit close to US$1.55 billion, rising 18.2 percent over last year.

No related posts.