Increasingly Complex Data-Driven Environment Pushes Latin American Firms to Use Managed Security Services, Finds Frost & Sullivan

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New analysis from Frost & Sullivan, , finds that the market earned revenues of $469.6 million in 2013 and estimates this to reach $771.6 million in 2019 at a compound annual growth rate of 8.6 percent.

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"With trends such as , mobility, and expanding in the Latin American market, the need for MSS is intensifying," said Frost & Sullivan Information & Communication Technologies . "In this market environment, 'anywhere' accessibility on all Internet-connected devices is leading to more data generation as well as the rise of new vulnerabilities and attack points. Consequently, MSS is becoming an important consideration for companies to avoid having their data accessed or stolen and reputation damaged."

However, not all companies are aware of dangers such as , and thus do not see the need to avail MSS. Companies that fall under this category tend to assume that an anti-spam/anti-virus program is sufficient for protection. Some others are unlikely to use MSS as they do not see a clear return on investment in security and do not allocate an adequate budget for this purpose.

"Currently, the Latin American market does not spend enough on MSS," agrees Chede. "The lower-than-expected MSS uptake stems from companies' reactive rather than proactive posture – they look to invest in security only after being attacked. As security issues become increasingly complex and expensive to manage in-house, more companies will seriously consider outsourcing to MSS providers."

Improving quality of service from MSS providers will support adoption rates significantly. The addition of different and value added services, including the use of security operational centers (SOCs) to deal with security issues and enhanced service level agreements will win over more clients.

is part of the (http://www.ITservices.frost.com) Growth Partnership Service program. Frost & Sullivan's related studies include: Latin American Information Technology (IT) Infrastructure Outsourcing Services Market, Asia-Pacific Internet of Things Market, European Data Centre Services Market, and Brazilian Internet Technology (IT) Infrastructure Outsourcing Services Market. All studies included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.

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NE2B-72

Contact:
Francesca Valente
Corporate Communications – Latin America
P: +54 11 4777 5300
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E: francesca.valente@frost.com

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