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