Managed security services have a good market

The U.S. managed security services market was valued at approximately $1.3 billion in 2007, an increase of 19.6 percent over 2006. This figure is expected to increase to $2.8 billion by 2012, representing a compound annual growth rate of 17.2 percent, a new forecast from IDC reveals. Positive incremental growth is anticipated during the forecast period due to increased end-user demand.

“Among the many dynamics shaping the U.S. managed security services market today, growing security complexity, the evolving pace of today’s technology and stringent compliance mandates are driving demand and spending for managed security services,” says Irida Xheneti, IDC research analyst, Security Services.

As organizations continue to add more employees, partners, suppliers and customers, they are faced with the challenges of deploying, implementing and integrating the appropriate technologies to increase the productivity of their employees and enable more efficient collaboration with partners, suppliers and customers. IDC’s latest study indicates that while new technology initiatives empower organizations for greater growth opportunities, they have also become the source of many IT security vulnerabilities. To protect against any vulnerabilities, organizations are required to keep up with the rapidly evolving and sophisticated threats. For many organizations, security management has become one of the main IT and business challenges.

Given these dynamics, IDC believes that the managed security services market will continue to experience significant growth during the forecast period as a result of the following market developments:

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