SaaS Managed Security Market Up 70% in 2009: Infonetics
Market research firm Infonetics Research on Monday released a new report that indicates worldwide revenue from managed security services delivered via SaaS (software as a service) grew 70 percent in 2009, and made up 10 percent of total security service revenue.
Total revenue is forecast to make up 22 percent of the security service market by 2014.
North America accounts for 41 percent of worldwide managed security service revenue for last year, the report says.
"The primary market drivers for security services include increasing global demand from organizations of all sizes due to the proliferation of security threats of all types; the complexity of current security solutions; widespread use of diverse devices; and the desire of product manufacturers and service providers to add recurring revenue and improve margins. Strong interest in and broad availability of software-as-a-service (SaaS) security offerings will help drive strong growth in the overall managed security services market over the next five years," notes Jeff Wilson, principal analyst for security at Infonetics Research, in a statement released by the firm.
Large organizations are currently the largest purchasers of managed security services. But SMBs (small-to-medium businesses) are starting to increase their spending on security services.
Infonetics' Managed Security Services and SaaS report provides market size, forecasts through 2014, and analysis for managed security services by technology (managed firewalls, content security, IDS/IPS, other), service type (CPE, cloud, SaaS), and organization size. The report can be purchased at www.infonetics.com.