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Hosted Managed Security and Cloud Services to Witness Strong Growth in the GCC Countries Finds Frost & Sullivan - Bundled services that cover basic solutions will appeal to cash-strapped enterprises - NetworkSecurity.Frost.com
Hosted Managed Security and Cloud Services to Witness Strong Growth in the GCC Countries Finds Frost & Sullivan

 

NewswireToday - /newswire/ - Dubai, UAE, United Arab Emirates, 2014/12/17 - Bundled services that cover basic solutions will appeal to cash-strapped enterprises - NetworkSecurity.Frost.com.

   
 
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The complexities of securing an organisation's network and infrastructure against targeted attacks have propelled the adoption of Managed Security Services (MSS) in the Gulf Cooperation Council (GCC) countries. Trends in the region show a gradual shift from traditional perimeter engagements to the protection of network core and internal assets.

New analysis from Frost & Sullivan, The Managed Security Services (MSS) Market in the Gulf Cooperation Council (GCC) Countries, finds that the market earned revenues of USD 58.0 Million in 2013 and estimates this to reach USD 215.6 Million in 2020. Cloud-based security services will be most sought after, especially in Qatar and the United Arab Emirates. Demand for customer premises equipment-based firewalls as well as intrusion detection and intrusion prevention systems will be high.

"Telecom and cloud services will contribute significantly to market growth in the GCC, with network security and data management, in particular, presenting immense scope for investments," said Frost & Sullivan Information and Communication Technologies Research Analyst. "Delivering customer support for cloud service vendors will open up additional revenue streams for managed security service providers."

While growth rates escalate in large firms, small and medium enterprises (SMEs) remain aloof due to low awareness on the importance of security services. Inadequate budgets further curb the deployment of security services by SMEs.

The lack of multi-disciplinary security service expertise is another challenge, which forces organisations to hire multiple MSS providers and thus raises costs. The bundling of basic security services will therefore be key to encouraging sales.

"Businesses are also looking for a centralised access point to control traffic flow, data leakage, and remote connectivity," noted the Analyst. "Offering managed services for mobile security and simulation tools for retail security too will help service vendors make a mark in the MSS market in the GCC."

The Managed Security Services (MSS) Market in the Gulf Cooperation Council (GCC) Countries is part of the Network Security Technologies (networksecurity.frost.com) Growth Partnership Service program. Frost & Sullivan's related studies include: Latin American Managed Security Services Market, North American Managed Security Services Market, and EMEA Managed Security Services Market. All studies included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.

About Frost & Sullivan
Frost & Sullivan (frost.com), 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.

Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

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The Managed Security Services (MSS) Market in the Gulf Cooperation Council (GCC) Countries / P82B-74

 
 
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Hosted Managed Security and Cloud Services to Witness Strong Growth in the GCC Countries Finds Frost & Sullivan

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Frost & Sullivan | Managed Security Services
Publisher Contact: Paroma Bhattacharya - Frost.com 
+91 22 66072047 paromab[.]frost.com
 
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