Managed security growing in EMEA

Growing cyber attacks are compelling businesses in EMEA to turn to managed security services (MSS) to protect critical infrastructure.
Frost & Sullivan predicts sales of MSS solutions in the region will grow from $2.62 billion (€1.9 billion) in 2012 to $5.5 billion in 2018, as companies seek to plug security gaps with external knowledge. The research firm also forecasts growth in sales of customer premises equipment and hosted services will outpace the market average, as businesses shift from capital expenditure to operational outlay models.
“In addition to the lack of in-house expertise and the growing complexity of threats, the need to comply with industry standards and regulatory requirements has incentivized organizations to outsource at least a part of their security operations,” explains Mario Fernandez, senior ICT industry analyst at the research firm.
However, Fernandez notes many companies are putting off outsourcing due to “uncertainty regarding the legality,” and misconceptions “about regulations.”