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Managed Security Services Market to Reach $32.9 Billion in 2020

March 28, 2015 Posted by Art Gross Security No Comments

Market intelligence from ABI Research estimates the current global market for managed security services will be around $15.4 billion by the 2015. They state that there is a big push by businesses to use managed security service providers (MSSP) to help with outsourced security. ABI Research estimates the market for MSSPs will be around $33 billion by 2020.

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In 2014, there was a 49% increase in data breaches and a 78% increase in the number of data records stolen or lost compared with 2013. This indicates that a comprehensive IT security system is becoming increasingly necessary across the corporate, consumer, and public sectors. “An in-depth IT security strategy protects the entire network of an enterprise from infrastructure to applications to devices. Continuous monitoring and threat detection tools have become essential. The key objective is to provide insight into all aspects of a business so that unusual activity is detected and data loss can be minimized,”

If you are an MSP, now is the time to start adding security to the list of services you provide to your clients. MSPs have to evolve past offering firewall and anti-virus solutions to more advanced security services.

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