Mature security mindset in ANZ drives demand for advanced MSS

SYDNEY, AUSTRALIA: The rising sophistication of the threat landscape is forcing enterprises to tap into the security expertise offered by professional service providers, thus driving the Managed Security Services (MSS) market in Australia and New Zealand (ANZ).

Even enterprises with an established in-house security setup are employing security services to complement their existing capabilities and enhance their overall security posture.

New analysis from Frost & Sullivan, Analysis of Asia-Pacific Managed Security Services (MSS) Market 2012, finds that the market in ANZ earned revenues of $591.6 million in 2012 and estimated this to reach $1,609.4 million in 2019.

The popularity of cloud computing and the bring-your-own-device trend has also increased the appeal of MSS. As a result, service providers are looking to bundle security services into cloud and mobility service packages to allay security concerns among enterprises regarding the threat exposure posed by the cloud and mobile devices.

However, the strong mindset towards product ownership will somewhat dampen the growing momentum of the market in ANZ. With the availability of affordable security products, enterprises prefer spending on dedicated appliances rather than purchasing services they would not wholly own.

Nevertheless, owing to the escalating importance of security in the age of cloud computing and big data, the future of MSS in ANZ is expected to be shaped by enterprise requirements for greater visibility and predictability in their IT footprint. The mature security mindset in ANZ will not only drive uptake, but is expected to boost the demand for advanced MSS capabilities.

Frost & Sullivan information and communication technologies industry manager, Cathy Huang, said: “In particular, MSS pertaining to cloud security, data security, forensic services, security analytics, and risk assessment services are likely to gain acceptance. MSS providers must continue to expand their service portfolios by offering its security services to be more business-centric moving forward.”