Managed security services (MSS), which have traditionally focused on monitoring the customer security environment, are likely to begin focusing on remediation, according to analyst firm Frost & Sullivan.
This change is in response to market demand for partnerships with MSS providers to go beyond security alerts, in the face of complex threats and quickly-evolving malware.
At the same time, the analyst firm has predicted Germany will overtake the UK as the largest managed security services market in Europe, the Middle-East and Africa (Emea) by 2018.
The region’s MSS market generated revenues of $2.8bn in 2013, and Frost & Sullivan has estimated this will reach $5bn in 2018.
Analysts said the adoption of high-end MSS will drive rapid growth in the Nordic region and the Middle-East, and that traditional MSS uptake for security asset monitoring and management will fuel revenues in Central and Eastern Europe, Southern Europe and Africa.
“Standard MSS systems, and risk and compliance management, represent approximately 80% of the total Emea MSS market, and are expected to continue expanding at high rates,” said Frank Dickson, network security industry principal at Frost & Sullivan.
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“However, threat intelligence, research, detection and remediation services are likely to grow at a rate twice that of security asset monitoring and management, becoming a critical focus area that will distinguish market leaders from the rest,” he said.
Dickson said MSS providers should communicate and demonstrate their security competencies to current and potential customers. “This is especially crucial as many enterprise decision-makers are unaware of the MSS capabilities of many Emea-based communications service providers,” he said.
Although competition in the region is often at the country level and not on a global or regional scale, mere country-level knowledge is often not enough, said Adrian Drozd, research director at Frost & Sullivan.
“As a result, MSS providers will continue to look for merger and acquisition opportunities to either fortify their portfolio or expand to new geographies or verticals,” he said.
Frost & Sullivan predicts that by establishing a large, cross-industry, cross-region customer base, MSS providers can develop strong security intelligence capabilities with a wider view on the threat landscape, thus enlarging their regional footprint.
In February 2014, RSA – the security division of EMC – announced a programme designed to enable a new generation of managed security services.
The RSA Managed Security Partner (MSP) programme uses intelligence-led security systems such as RSA Security Analytics to help enterprises better detect and mitigate advanced threats.
The MSP initiative provides a technology platform, professional services and training to enable select partners to offer fully managed security and critical incident response services.
The programme is aimed at helping enterprises to overcome skills shortages and the limitations of outdated technologies to meet the challenge of advanced targeted and persistent attacks.
At the time of the launch, senior vice-president of RSA Amit Yoran said the initiative was aimed at enabling enterprises of all sizes to benefit from the latest capabilities in advanced cyber defences.