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Managed Security Services Markets Continue to Grow in Latin America Finds Frost & Sullivan - The managed security services (MSS) market continues to show a solid growth pattern in Latin America
Managed Security Services Markets Continue to Grow in Latin America Finds Frost & Sullivan

 

NewswireToday - /newswire/ - Sao Paulo, Brazil, 2010/06/18 - The managed security services (MSS) market continues to show a solid growth pattern in Latin America.

   
 
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Important factors have been driving this growth, such as compliance with global and local legislation and companies turning capital expenditure (CAPEX) into softer monthly payments for outsourcing services with MSS providers in order to reduce IT security expenditures and to focus on core business.

In 2009, the Latin American MSS market reached a total of $154.3 million USD in revenue. Brazil was by far the most representative region in this market, with 54.2% of participation, and is not expected to change throughout the studied period. In addition, the forecast for the Andean region is to have the greatest participation increase from 2009 to 2015, driven by the high-expected growth rates of the Colombian and Peruvian MSS markets.

Compared to other IT related markets, Mexico has a relatively low participation in the MSS market in the region, 15.7%, of similar size to the Southern cone markets, 15.6%. Both regions (particularly Argentina) suffered considerably from the effects of the global economic recession.

Regarding vertical adoption, the most participative segments include both Telcos & Technology and Manufacturing & Industry. Even though the Banking & Finance vertical is the most representative one in the majority of IT markets in the region, due to the core importance of the network's security for this segment, it is a strong adopter of "in-house" network security structures. The segments that are expected to grow the most until 2015 include the Government and Retail verticals.

"Additional drivers for this market include the decrease of total cost of ownership (TOC) and cost of acquisition (TCA), the increase of complex and diversified attacks and the scarcity of qualified security personnel in the market", explains Frost & Sullivan Research Analyst Fernando Belfort.

The Latin American MSS services market is becoming increasingly competitive, with the active participation of global IT service providers, telecommunication companies and pure MSS players.

If you are interested in more information on this study, please send an email to Tatiana Brull, at tatiana.brull[.]frost.com, with your full name, company name, title, telephone number, company email address, company website, city, state and country.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best-in-class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best-practice models to drive the generation, evaluation, and implementation of powerful growth strategies. Frost & Sullivan leverages over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from 40 offices on six continents.

Latin American Managed Security Services Markets / N781-74

 
 
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Managed Security Services Markets Continue to Grow in Latin America Finds Frost & Sullivan

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