[F&S]: MSSP Market to Reach $15.6B in 2016

A new research by Martha Vazquez (pictured), Industry Analyst, Frost & Sullivan concludes that "Enterprises are becoming increasingly exposed to organized cyber crime rings and for many businesses, the complexity of threats have compelled them to turn to managed security service providers (MSSPs). These types of external service providers enable organizations to maintain strong security while improving business efficiencies and minimizing costs".

"Although there are many benefits, MSSP vendors are typically challenged when trying to demonstrate the possible savings accrued through working with a trusted MSSP. MSSPs have to educate end users about the advantages of outsourcing security. In response to the escalating demand for broader platform support and more flexibility, MSSPs should also provide a wide range of new security technologies and enhanced security portfolios"

"..Analysis from Frost & Sullivan , Analysis of the Global Managed Security Service Providers Market, finds that the market earned revenues of $6.66 billion in 2011 and estimates this to reach $15.63 billion in 2016 .. The Frost & Sullivan study covers local, regional and global MSSPs such as Nuspire, IBM, Verizon, Dell Secureworks, Solutionary, BT Global Services, Deutche Telecom, MegaPath, and Windstream (formerly PAETEC)”.

See "Rising Complexity of Cyber Crimes Puts MSSPs under the Spotlight, Finds Frost & Sullivan" - here.