Advanced Persistent Threats Driving Managed Security Services Demand
Advanced persistent threats (APTs) could drive the managed security services market’s growth, according to a new Frost & Sullivan study.
Frost & Sullivan researchers noted more North American organizations are turning to managed security service providers (MSSPs) for protection against APTs and have estimated managed security services market revenues could increase from $1.81 billion last year to $3.25 billion by 2018.
“Network security professionals are a limited resource, [and] managed security services can help businesses to alleviate this limitation,” Chris Rodriguez, Frost & Sullivan’s network security senior industry analyst, told MSPmentor. “MSSPs can help businesses to deal with complexity and high costs associated with ‘appliance sprawl.’ Similarly, compliance requirements can be complex and changing with fines and other penalties for non-compliance. MSSPs can become familiar with requirements and help to alleviate this burden for customers as well.”
Frank Dickson, Frost & Sullivan’s network security industry principal, classified APTs as cyber attacks that:
- Utilize advanced malware
- Require signature-less detection
- Target or focus on specific individuals or organizations
- Are not volumetric attacks
- Look to achieve a monetary or intellectual property gain
- Run like a business with an ROI objective
- Look to penetrate and persist in an environment (network or endpoint)
Frost & Sullivan noted the need for managed security services will grow as more private and public organizations move their IT resources to the cloud, and MSSPs can be strategic partners in securing all corporate-owned and bring-your-own-device (BYOD) endpoints.
“As with any service, the key to success lies in the execution,” Dickson said in a prepared statement. “Value is not created the instant a sensor is placed on an endpoint or a new algorithm is applied to an advanced database tool, but in the months and years of work to integrate the data into the analytics by tenured security analysts that produce exceptional insights.”
Which services could drive this market’s growth?
Rodriguez said he expects managed security services to defend against APTs to become increasingly popular, and services such as cloud security, identity and access management (IAM) and mobile security could gain traction over the next few years.
He also noted services such as “threat intelligence, research, detection and remediation” and “advanced and emerging managed security services” are expected to grow the fastest.
“As new threats emerge, customers must consider a wider range of security technologies,” Rodriguez added.