Growing Network Security Threats Adds to Cloud and CPE Based Security Momentum

The growing number of Internet security threats is creating momentum for managed security services, as well as security focused CPE, according to recent research from Infonetics. The trend impacts a range of firms, from small and medium businesses to large scale enterprises, to service providers.

"Buyers are moving to managed security services to deal with increased attack volume and complexity, manage security product sprawl, deliver consistent security for a distributed workforce and device population, and provide security for cloud infrastructure," Jeff Wilson, principal analyst for security at Infonetics Research, elaborated in a press release.

Key findings from the Infonetics', "Cloud and CPE Managed Security Services" report include:

  • Equaling its 2011 performance, the global cloud and CPE managed security service market grew another 12% in 2012, to $13 billion
  • While the majority of security service revenue in 2012 came from CPE-based services, by 2017 CPE revenue is expected to dip to 50% of total revenue
  • Infonetics forecasts sales of cloud-based security services to grow 69% over the next 5 years
  • "Other security services," of which hosted DDoS services are a major and growing contributor, are anticipated to comprise over 20% of cloud-based security service revenue by 2017

CHR Solutions recommends clients conduct their own security audit to ensure their network and internal IT infrastructure is properly secured. Additionally, the growing momentum for cloud based security services creates a range of opportunities for clients to exploit. CHR Solutions can assist clients in evaluating this opportunity and provide a portfolio of cloud based services to address it.

Written by Kevin Kutcher at 10:00
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