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Jul 2016 - Market Forecast - Doc # EMEA41550316

Western Europe Managed Security Services Forecast, 2016–2020: Fast Progress amid Fierce Growth and Competition

Authors: Dominic Trott, Duncan Brown

Abstract

While MSS represents the fastest growing element in the whole security market across software, appliances, and services, it is far from an easy ride for vendors. The fact of this strong growth is causing prospective vendors to pile into the market, driving fierce competition. However, with security being a horizontal market with limited opportunity to stand out through vertically tailored propositions, the means by which vendors can separate themselves from the competition are also limited. Increasingly, security is becoming a battle of big numbers, with threat intelligence becoming the new battlefield. Significantly, threat intelligence as a service is a rising subset of the MSS market, with providers able to offer added value for customers through their ability to not just deliver extensive threat intelligence, but also provide context and timeliness so that it becomes actionable insight.

"MSS is the fastest growing segment of the security market. This primarily results from the lack of in-house resources required to address the triple-threat driving the security industry: the evolving threat landscape, mounting regulatory requirements, and growing digital transformation. Enterprises are taking the pragmatic approach of pursuing MSS as a means of plugging the gaps in capability and resources. From here, MSS providers able to prove their worth are likely to be rewarded with greater responsibility as customers become more attuned to externalization. The headline message is that MSS vendors ought to jump in while the water is warm. However, with many competitors doing exactly the same, providers must have a clear view of how their proposition is differentiated, or else risk being lost in the crowd," said Dominic Trott, research manager, IDC European Security.

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