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Latin America Managed Security Services Markets expected to Grow by 30 Percent up to 2013 - New analysis from Frost & Sullivan, Latin America Managed Security Services Markets, finds that the market earned revenues of $66.0 million in 2007 and estimates this to reach $332.7 million in 2013
Latin America Managed Security Services Markets expected to Grow by 30 Percent up to 2013

 

NewswireToday - /newswire/ - Buenos Aires, Argentina, 2008/09/10 - New analysis from Frost & Sullivan, Latin America Managed Security Services Markets, finds that the market earned revenues of $66.0 million in 2007 and estimates this to reach $332.7 million in 2013.

   
 
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With regions such as North America and Western Europe witnessing decreasing growth rates, managed security services (MSS) vendors are turning their attention to the extremely dynamic and fast-growing Latin American MSS market, which is benefiting from increasing threat levels and improving awareness about the growing necessity for foolproof network security solutions. Regulatory compliance requirements, the increase in the workforce's mobility, and the lack of qualified IT professionals to manage in-house IT departments are some of the other important factors spurring the market's growth.

New analysis from Frost & Sullivan (networksecurity.frost.com), Latin America Managed Security Services Markets, finds that the market earned revenues of $66.0 million in 2007 and estimates this to reach $332.7 million in 2013.

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 email to José María Jantus, Corporate Communications, at jose.jantus[.]frost.com, with your full name, company name, title, telephone number, company email address, company website, city, state and country. Upon receipt of the above information, an overview will be sent to you by email.

"One of the key drivers for the Latin American MSS market is the incremental growth of vulnerability, and the gap between demand and the capabilities of the vendors' security solution offerings," notes Frost & Sullivan Research Analyst Fernando Belfort. "Besides, outsourcing of MSS services minimizes IT costs and maximizes the time spent on core business."

The two countries that currently dominate the Latin American managed security services market are Brazil and Mexico, which together accounted for 65.1 percent of the Latin American MSS market in 2007. As for the market subsegments, the Firewall/VPN and IDS/IPS segments lead in revenue generation, contributing 60.7 percent of the total revenues in 2007. This being so, it is the authentication and network assessment and penetration testing services segments that are expected to see the maximum growth rates.

However, lack of awareness of the potential threats and breaches is a major restraint for the Latin American MSS market. Furthermore, there remains a degree of mistrust regarding the outsourcing of network security, particularly in the financial and banking verticals.

"The overall MSS competitive landscape in Latin America is likely to see considerable changes in the next few years," says Belfort. "The increasing presence of telcos and the growth of smaller local companies capable of offering higher cost-effective solutions could challenge the market share of top participants in the Latin American MSS market."

Latin America Managed Security Services Markets is part of the Network Security Growth Partnership Service program, which also includes research in the following markets: Latin America Network Security Markets, Asia Pacific Network Security Markets, World Intrusion Detection Systems and Intrusion. All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants. Interviews with the press are available.

Frost & Sullivan, the Growth Partnership Company, partners with clients to accelerate their growth. The company's TEAM Research, Growth Consulting and Growth Team Membership™ empower clients to create a growth-focused culture that generates, evaluates and implements effective growth strategies. Frost & Sullivan employs over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 30 offices on six continents.

Latin America Managed Security Services Markets
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Latin America Managed Security Services Markets expected to Grow by 30 Percent up to 2013

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Publisher Contact: José María Jantus 
+54-11-4777- 9951 jose.jantus[.]frost.com
 
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