[ISN] Demand For Managed Security To Surge

From: InfoSec News (isnat_private)
Date: Tue Sep 10 2002 - 00:16:07 PDT

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    By Marcia Savage, CRN
    Scottsdale, Ariz.
    5:36 PM EST Mon., Sept. 09, 2002 
    The worldwide market for managed security services will reach nearly
    $4.9 billion in 2006, up from $1.3 billion last year, according to
    research firm In-Stat/MDR.
    More companies will outsource their security as threats grow from both
    inside and outside the corporate network, the firm said in its
    forecast, released Monday.
    Small and midsize businesses with 1,000 to 4,900 employees are and
    will continue to be the biggest buyers of managed security services
    due to their lack of security personnel and expertise, according
    In-Stat/MDR, based here.
    The market for outsourced security has undergone a massive shakeout
    with companies either going out of business or selling off their
    managed security operations. Most recently, Symantec acquired Riptech,
    a managed security provider in Alexandria, Va.
    Despite the acquisitions and dot-com failures, there are a number of
    factors driving growth of managed security services, In-Stat/MDR said.  
    Key drivers are added and expanded services, services offered on a
    trial basis, and the entrance of well-known hardware vendors to the
    Jaclyn Bumback, an analyst with InStat/MDR, said the many different
    types of providers in the market, from traditional software vendors
    such as Symantec to small local companies, makes it difficult to cite
    the most successful players in the segment.
    While it's too soon to predict how Symantec will fare in the managed
    security space, its well-known brand name likely will make it
    successful, she added.
    The Yankee Group, a Boston-based research and consulting firm, also
    released Monday a rosy forecast for managed security services. The
    firm predicted that the market for vulnerability scanning and security
    assessment services will grow from $45 million last year to almost
    $190 million by 2006.
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