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Latin America Managed Security Services Markets - Cost-reduction drives growth of MSS markets in Latin America
Latin America Managed Security Services Markets

 

NewswireToday - /newswire/ - Palo Alto, CA, United States, 2006/10/31 - Cost-reduction drives growth of MSS markets in Latin America.

   
 
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The growing importance of data as a business differentiator and the ever-expanding ubiquity of Transmission Control Protocol/Internet Protocol (TCP/IP) has increased the need to protect networks both within and beyond the enterprise. As business networks get more complex and network attacks more sophisticated and frequent, there is a stronger pressure on companies to implement the right tools to ensure protection.

New analysis from Frost & Sullivan, Latin America Managed Security Services Markets, reveals that the market earned revenues of $35.5 million in 2005 and estimates to reach $272.1 million in 2011.

If you are interested in a virtual brochure, which provides manufacturers, end users, and other industry participants with an overview of the Latin America Managed Security Services Markets, then send an e-mail to Mireya Castilla, Corporate Communications, at mireya.castilla[.]frost.com with your full name, company name, title, telephone number, city, state, country and e-mail address. Upon receipt of the above information, an overview will be sent to you by e-mail.

“Companies are increasingly realizing the benefits of hiring a third part provider to manage security,” says Frost & Sullivan Research Analyst Marcelo Kawanami. “Some of the benefits of Managed Security Services (MSS) include reduced costs with specialized labor, decreased investments in purchasing security equipment and more time available to focus on the company’s core business.”

Two basic factors drive the network security landscape, the constantly increasing vulnerabilities and the gap between the demand and the capacity vendors can offer of security solutions. Another short-term driver is the pressure of regulatory acts, such as Sarbane Oxley and Basel II, making the banking and financial vertical one of the top consumers in the security space. In addition, due to the difficulties of having qualified personnel in the security arena and the expenditures a security infrastructure demands, the managed network security service is a good solution to companies that need to secure their businesses.

Simultaneously, one of the biggest challenges of this market is to convince potential clients to trust a third part provider to take care of internal vital and confidential information.

“The MSS market has other short term challenges such as overall prices charged for this service are considered high and the lack of MSS providers (MSSP) with local structure to offer the service,” explains Kawanami. “A relevant factor to mention is that most of the clients in the MSS space are multinationals that already have the security outsourcing concept from their headquarters.”

The competitive structure of the MSS landscape is becoming more complex and competitive. This market space is composed of IT pure players, telecom service providers, system integrators, network security vendors and consulting firms such as Accenture and KPMG.

The Latin America Managed Security Services Markets is part of the Network Security Growth Partnership Service, and provides an overview of the MMS landscape in five different sub-regions in Latin America. It also includes revenues and forecasts for each sub-region, with a complete analysis of key market drivers, restraints and trends that are impacting this market. In this study, Frost & Sullivan's expert analysts thoroughly examine the following technologies: firewall/VPN, IDS/IPS, network assessment and penetration testing, anti-virus/anti-spam/content filtering and authentication. Interviews are available to the press.

Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics and demographics.

 
 
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Latin America Managed Security Services Markets

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Publisher Contact: Mireya Castilla 
210.247.3830 mireya.castilla[.]frost.com
 
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