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Infonetics Research: SaaS drives breakout growth in managed security market

CAMPBELL, CA -- (Marketwire) -- 06/25/09 -- Market research firm Infonetics Research today released a new market size and forecast report, Security and Encrypted VPN Services: CPE, Cloud, and SaaS. Highlights follow.


"Despite the global economic meltdown, the security services market is strong and growing, driven by increasing global demand from organizations of all sizes due to the proliferation of threats of all types, the complexity of current security solutions, and the desire of many service providers to add revenue and improve margins. There's a dip in growth in 2009, but strong interest in SaaS and broad availability of SaaS offerings from a wide variety of players -- from network providers and security specialist service providers to large content providers and product manufacturers -- drive continued growth in the market. SaaS is definitely the future of managed network security," said Jeff Wilson, Infonetics Research's Principal Analyst for Network Security.


--  The revenue service providers derive from managed security services is
    forecast to grow 78% from 2008 to 2013 worldwide
--  North America is the largest market for managed security services, but
    the EMEA market has been more accepting of managed security services,
    and the greenfield opportunities in developing markets within Asia
    Pacific and CALA fuel strong growth
--  Revenue derived from managed security SaaS is forecast to grow at a
    compound annual growth rate of 46% from 2008 to 2013, the highest CAGR
    in Infonetics' security services report by far
    --  Content security services make up most of the SaaS opportunity
--  Large organizations buy the bulk of security services worldwide, but
    small and medium organizations represent growing segments of the market
--  The managed encrypted VPN services market declined slightly in 2008, to
    $20.05 billion, as MPLS services continue to steal business away from
    encrypted services and the global recession hampers general business
    expansion and growth
--  Many service providers have gotten into the SSL VPN game, eyeing a
    shift in remote access revenue and high margins, driving significant
    SSL VPN service revenue growth through 2013


Infonetics' security services report provides market size, forecasts through 2013, and analysis for managed security services by type (managed firewalls, content security, IDS/IPS, other), by location (CPE, cloud, SaaS), and by organization size; and for managed encrypted VPN services by VPN technology (IPSec, SSL), by location (CPE vs. cloud-based/SaaS), by access (remote access vs. site-to-site), and by organization size. The report includes market drivers, service roadmaps, relevant survey data, and service provider analysis. Regions tracked include North America (with US and Canada breakouts); Europe, Middle East, Africa (EMEA); Asia Pacific; and Central and Latin America.

Infonetics' 2008 managed security services and encrypted VPN services revenue forecasts, made a year ago, were within 2% and 1%, respectively, of actual revenue totals.

Related research:

-- Content Security Appliances and Software

-- Network Security Appliances and Software

-- NAC Enforcement Appliances

-- User Plans for Network Access Control: North America


Members: http://www.infonetics.com/login

New to Infonetics: http://www.infonetics.com/cgp/newaccounts.asp


--  Larry Howard, Vice President: [email protected], +1 (408) 583-3335
--  Scott Coyne, Senior Account Director, Eastern North America, Europe,
    Middle East: [email protected], +1 408.583.3395

Infonetics Research is an international market research and consulting firm serving the communications industry since 1990. A leader in defining and tracking emerging and established technologies in all world regions, Infonetics helps clients plan, strategize, and compete more effectively.

Follow Infonetics on Twitter: http://twitter.com/infonetics.

Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=1011806

Lead Analyst:
Jeff Wilson
Principal Analyst, Network Security
Infonetics Research
(408) 583-3337
Email Contact

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