European Managed Security Services Market, Forecast to 2023

European Managed Security Services Market, Forecast to 2023

Threat Intelligence Drives Growth in a Post-GDPR Europe

RELEASE DATE
10-Sep-2019
REGION
Europe
Research Code: MDF2-01-00-00-00
SKU: IT03934-EU-MR_23579

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Description

The information security profession across Europe has an unemployment rate of zero percent while the need for better cybersecurity across all industries has never been greater. Organised crime and state actors are targeting enterprises across Europe at a time when digital transformation initiatives are on the rise. Cybersecurity in the enterprise is increasingly perceived as a business enabler that helps ensure revenue streams continue uninterrupted. Cybersecurity has become as important as electricity in modern organisations, yet with a scarce supply of qualified information security professionals available on the market and the complexity of properly securing modern enterprise, it is necessary to outsource cybersecurity to managed security service providers (MSSPs) with economies of scale that specialise in protecting enterprise from sophisticated cyber-adversaries. This study provides an analysis of the European MSSP market and provides CISOs with tips on how to find the right MSSP for an organisation.

What are Managed Security Services (MSS)?
In today’s IT environment, managed services represent a strong partnership—in which the provider contributes technology and expertise, and the customer retains control and oversight—as both parties accept accountability for achieving specific outcomes.

Thus, a managed service must not only satisfactorily perform a function (such as networking or storage), but must incorporate tools and processes that allow customers and their expert partners to continually assess how well their goals are being met, and make necessary changes.

Managed services includes proactive, hands-on monitoring by expert technicians, the customer participates in defining and redefining success, and lastly, the customer and provider share accountability for success.

Managed Services are:
• Proactively monitored by the provider’s expert staff
• Utilizing rich, real-time performance and operations data
• That are visible via a management portal
• And support real-time actions
• Which drive customer-defined success parameters

MSS include some degree of proactive monitoring of the customer’s security environment, and may encompass protection against denial of service attacks, email viruses/worms, spam, and other various cyber maladies.

Expanding Scope of MSS:
A skewing of the definition of MSS has occurred over the last several years. Services that were once considered “MSS” are now being performed within a carrier’s network. For example, a telecommunications company may have performed a service of managing and maintaining a CPE-based firewall. Today, the same functionality may be provided virtually within the carrier infrastructure. Although firewall services being integrated into the “pipe” may be considered a pure service based on the classic definition of a managed service, such services are now considered “MSS” commonly by the market. Frost & Sullivan, likewise, considers such services as MSS.

DDoS mitigation services are another interesting example. Using a 2010 definition of MSS, DDoS mitigation will not be considered an MSS; DDoS mitigation will be a pure service. For the purposes of this research across Frost & Sullivan, DDoS mitigation now is an MSS.

Research Scope

  • European MSSP Market Overview
  • Market Drivers
  • Market Restraints
  • Forecasts and Trends
  • Revenues by Solution:

  o  Distributed Denial of Service (DDoS) attack protection

  o  Risk and Compliance Management (RCM)

  o  Security Asset Management & Monitoring (SAMM)

  o  Threat Intelligence, Research, Detection, Remediation (TIRDR)

  • Geographical Revenue Forecast and Analysis – 2018 to 2023

  o  United Kingdom

  o  DACH

  o  France

  o  Benelux

  o  Southern Europe

  o  Rest of Europe

  • Pricing Factors
  • Competitive Analysis
  • Insights for CISOs (Chief Information Security Officers)

Key Issues Addressed

  • What is the market size of European Managed Security Service Provider market?
  • How is it expected to change during the forecast period?
  • How is the market segmented?
  • How do each segment influence the market size?
  • What are the key factors driving the market at present?
  • What should CISOs know when searching for the right MSSP in Europe?
  • What are the growth opportunities for the MSSP market?

Author: Jarad Carleton

RESEARCH: INFOGRAPHIC

This infographic presents a brief overview of the research, and highlights the key topics discussed in it.
Click image to view it in full size

Table of Contents

Key Findings

Key Findings (continued)

Market Engineering Measurements

Market Engineering Measurements (continued)

CEO’s Perspective

Managed Services vs Managed Security Services

Managed Services vs Managed Security Services (continued)

Managed Services vs Managed Security Services (continued)

Research Scope

Managed Security Services vs Professional Security Services

Managed Security Services Segments

Managed Security Services Providers

Key Questions this Study will Answer

Market Distribution Channels

Market Drivers

Drivers Explained

Drivers Explained (continued)

Drivers Explained (continued)

Market Restraints

Restraints Explained

Restraints Explained (continued)

Restraints Explained (continued)

Forecast Assumptions

Revenue Forecast

Revenue Forecast Discussion

Revenue Forecast by Segment

Revenue Forecast by Segment Discussion

Revenue Forecast by Segment Discussion (continued)

Percent Revenue Forecast by Region

Revenue Forecast by Region

Revenue Forecast by Verticals

Revenue Forecast by Enterprise Size

SAMM Revenue Forecast by Delivery Mode

Market Pricing Factors

Market Pricing Factors Discussion

Types of MSSPs

Competitive Environment

MSSP Competitive Dynamics Discussion

Growth Opportunity 1—Emergence of the Mid-Market

Growth Opportunity 2—Telecom Expansion

Growth Opportunity 3—GDPR and Compliance

Strategic Imperatives for Success and Growth

6 Tips for CISOs Considering a MSSP Partnership

6 Tips for CISOs Considering a MSSP Partnership (continued)

6 Tips for CISOs Considering a MSSP Partnership (continued)

6 Tips for CISOs Considering a MSSP Partnership (continued)

The Last Word—Predictions

The Last Word—Recommendations

Legal Disclaimer

Market Engineering Methodology

Market Engineering Measurements

Market Engineering Measurements (continued)

List of Exhibits

List of Exhibits (continued)

Related Research
The information security profession across Europe has an unemployment rate of zero percent while the need for better cybersecurity across all industries has never been greater. Organised crime and state actors are targeting enterprises across Europe at a time when digital transformation initiatives are on the rise. Cybersecurity in the enterprise is increasingly perceived as a business enabler that helps ensure revenue streams continue uninterrupted. Cybersecurity has become as important as electricity in modern organisations, yet with a scarce supply of qualified information security professionals available on the market and the complexity of properly securing modern enterprise, it is necessary to outsource cybersecurity to managed security service providers (MSSPs) with economies of scale that specialise in protecting enterprise from sophisticated cyber-adversaries. This study provides an analysis of the European MSSP market and provides CISOs with tips on how to find the right MSSP for an organisation. What are Managed Security Services (MSS) In today’s IT environment, managed services represent a strong partnership—in which the provider contributes technology and expertise, and the customer retains control and oversight—as both parties accept accountability for achieving specific outcomes. Thus, a managed service must not only satisfactorily perform a function (such as networking or storage), but must incorporate tools and processes that allow customers and their expert partners to continually assess how well their goals are being met, and make necessary changes. Managed services includes proactive, hands-on monitoring by expert technicians, the customer participates in defining and redefining success, and lastly, the customer and provider share accountability for success. Managed Services are: • Proactively monitored by the provider’s expert staff • Utilizing rich, real-time performance and operations data • That are visible via a management portal • And support real-time actions • Which drive customer-defined success parameters MSS include some degree of proactive monitoring of the customer’s security environment, and may encompass protection against denial of service attacks, email viruses/worms, spam, and other various cyber maladies. Expanding Scope of MSS: A skewing of the definition of MSS has occurred over the last several years. Services that were once considered “MSS” are now being performed within a carrier’s network. For example, a telecommunications company may have performed a service of managing and maintaining a CPE-based firewall. Today, the same functionality may be provided virtually within the carrier infrastructure. Although firewall services being integrated into the “pipe” may be considered a pure service based on the classic definition of a managed service, such services are now considered “MSS” commonly by the market. Frost & Sullivan, likewise, considers such services as MSS. DDoS mitigation services are another interesting example. Using a 2010 definition of MSS, DDoS mitigation will not be considered an MSS; DDoS mitigation will be a pure service. For the purposes of this research across Frost & Sullivan, DDoS mitigation now is an MSS.--BEGIN PROMO--

Research Scope

  • European MSSP Market Overview
  • Market Drivers
  • Market Restraints
  • Forecasts and Trends
  • Revenues by Solution:

  o  Distributed Denial of Service (DDoS) attack protection

  o  Risk and Compliance Management (RCM)

  o  Security Asset Management & Monitoring (SAMM)

  o  Threat Intelligence, Research, Detection, Remediation (TIRDR)

  • Geographical Revenue Forecast and Analysis – 2018 to 2023

  o  United Kingdom

  o  DACH

  o  France

  o  Benelux

  o  Southern Europe

  o  Rest of Europe

  • Pricing Factors
  • Competitive Analysis
  • Insights for CISOs (Chief Information Security Officers)

Key Issues Addressed

  • What is the market size of European Managed Security Service Provider market
  • How is it expected to change during the forecast period
  • How is the market segmented
  • How do each segment influence the market size
  • What are the key factors driving the market at present
  • What should CISOs know when searching for the right MSSP in Europe
  • What are the growth opportunities for the MSSP market

Author: Jarad Carleton

More Information
No Index No
Podcast No
Predecessor MB25-74
Author Jason Reed
Industries Information Technology
WIP Number MDF2-01-00-00-00
Is Prebook No
GPS Codes 9AA6-C1,9658,9659