Media releases are provided as is by companies and have not been edited or checked for accuracy. Any queries should be directed to the company itself.

Managed Security Service Providers – Body Guards of the Net

  • 02 June, 2005 15:09

<p>Frost &amp; Sullivan predicts strong growth for the Australian MSSP Industry</p>
<p>Sydney, Thursday, 2 June 2005 – According to a new study from Frost &amp; Sullivan, the outsourcing of essential IT security to third party managed security service providers (MSSP’s) is set to take off in the Australian market.</p>
<p>Frost &amp; Sullivan estimate that the total spend on managed security for 2004 in Australia was AU$190 million and will grow to AU$587 million by 2011. The report covers managed and monitored services such as firewalls, anti-virus, intrusion detection and prevention, through to assessment services such as security architecture review and vulnerability assessment.</p>
<p>The author of the report, security industry analyst, James Turner, states that the two key drivers for the market are complexity and resource scarcity.</p>
<p>“IT managers, sysadmins and CxO’s are all struggling with a continual stream of updates to operating systems and applications, changes in configurations, and of course the permutations of these combined weaknesses” says Turner.</p>
<p>Turner goes on to state that “Whether it is money, time, or people, the prospective clients are experiencing resource scarcity.”</p>
<p>The report reveals that Cybertrust, Telstra/KAZ and IBM GS are the three major players in Australia, with a combined 40% market share. Furthermore the report states that the major users of MSSPs were in the Banking &amp; Finance and the Government sectors.</p>
<p>Turner claims that the nature of the market will fundamentally change over the next few years. “Further influencing this market is the evolution of services into software: offerings that can provide continual assessment of the network environment”.</p>
<p>Also influencing market transformation will be the changing needs of the Australian market. The report predicts strong growth in areas such as managed authentication and PKI, but only moderate growth for managed VPN’s and firewalls.</p>
<p>“Managed VPN’s and firewalls are a commodity. But the expertise that is needed for the high end services is going to explode.” says Turner.</p>
<p>The report indicates some pressing challenges for smaller companies in the MSSP area. With immanent consolidation, as well as network service providers such as AT&amp;T and others starting to offer network level threat mitigation, the market will fundamentally change.</p>
<p>Consequently, Turner predicts that although there has been growth and rapid uptake of managed security services, the market for assessment services will overtake purely managed services in the next ten years. “Regulation and compliance are going to drive Banking, Finance, Insurance and Government towards MSSP’s, who can guard the guards.”</p>
<p>About Frost &amp; Sullivan</p>
<p>Frost &amp; Sullivan’s Asia Pacific ICT division is the largest dedicated telecommunications and network convergence analyst group in the region. The team consists of highly capable and experienced analysts and consultants, operating in a network of offices across the Asia Pacific including Singapore, Korea, Malaysia, China, India, Australia and Japan.</p>
<p>Frost &amp; Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services and corporate management training to identify and develop opportunities. Frost &amp; Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community, by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics. For more information, visit</p>
<p>For more information
James Turner
Industry Analyst, Security &amp; Services
Frost &amp; Sullivan Australia
Tel: + 61 2 8247 8903</p>
<p>Sales Enquires:
Gareth Mair
Account Manager
Tel: +61 2 8247 8911</p>

Most Popular

Cool Tech

SanDisk MicroSDXC™ for Nintendo® Switch™

Learn more >

Breitling Superocean Heritage Chronographe 44

Learn more >

Toys for Boys

Family Friendly

Panasonic 4K UHD Blu-Ray Player and Full HD Recorder with Netflix - UBT1GL-K

Learn more >

Stocking Stuffer

Razer DeathAdder Expert Ergonomic Gaming Mouse

Learn more >

Christmas Gift Guide

Click for more ›

Most Popular Reviews

Join the newsletter!

Error: Please check your email address.

Latest Articles


PCW Evaluation Team

Edwina Hargreaves

WD My Cloud Home

I would recommend this device for families and small businesses who want one safe place to store all their important digital content and a way to easily share it with friends, family, business partners, or customers.

Walid Mikhael

Brother QL-820NWB Professional Label Printer

It’s easy to set up, it’s compact and quiet when printing and to top if off, the print quality is excellent. This is hands down the best printer I’ve used for printing labels.

Ben Ramsden

Sharp PN-40TC1 Huddle Board

Brainstorming, innovation, problem solving, and negotiation have all become much more productive and valuable if people can easily collaborate in real time with minimal friction.

Sarah Ieroianni

Brother QL-820NWB Professional Label Printer

The print quality also does not disappoint, it’s clear, bold, doesn’t smudge and the text is perfectly sized.

Ratchada Dunn

Sharp PN-40TC1 Huddle Board

The Huddle Board’s built in program; Sharp Touch Viewing software allows us to easily manipulate and edit our documents (jpegs and PDFs) all at the same time on the dashboard.

George Khoury

Sharp PN-40TC1 Huddle Board

The biggest perks for me would be that it comes with easy to use and comprehensive programs that make the collaboration process a whole lot more intuitive and organic

Featured Content

Product Launch Showcase

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?