Worldwide SaaS revenue will grow dramatically over the next few years, with a compound annual growth rate (CAGR) of 23 percent from 2010 to 2015, according to a market report. In addition, the overall managed security services market, including CPE, SaaS, and cloud services, will reach just under $17 billion by 2015.
Other key findings:
-- Together, SaaS and cloud-based security services are expected to make up close to half of the overall managed security services market opportunity by 2015
-- While managed security services are popular in North America and EMEA, there is opportunity around the globe, as cloud-based services, and SaaS in particular, are location independent
-- Asia Pacific and Central and Latin America (CALA) are expected to account for a growing portion of the managed security services market in coming years
Comment from Jeff Wilson, principal analyst for security at Infonetics Research: 2010 was a good year for managed security services, which, for the most part, met our expectations for buyer uptake and provider innovations. Revenue grew 12 percent in 2010 and will grow 62 percent over the next 5 years, driven by cloud-based services and SaaS. There was no decrease in fundamental demand for managed security in 2010, just a sluggish global economy.
About the report: The Infonetics Research report Managed Security Services and SaaS with Service Provider Scorecards report analyzes and forecasts the market for SaaS, CPE-, and cloud-based security services managed by service providers for small, medium, and large businesses, including managed firewalls, content security, intrusion detection and prevention solutions (IDS/IPS), and other security services.
Contact: http://www.infonetics.com
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