Dynamic Threat Landscape Urges European Organizations to Turn to Managed & Professional Security Services

For further information on this analysis, please visit: http://frost.ly/631 For further information on this analysis, please visit:http://frost.ly/631 "Financial services is the largest contributor to the European MSS/PSS market, accounting for 26.4% of total market revenue in 2020, and will remain the largest revenue contributor till 2024," said Piotr Kopczynski,Security Research Analyst at Frost & Sullivan. "The manufacturing sector, the second-largest contributor to the...

For further information on this analysis, please visit: http://frost.ly/631

"Financial services is the largest contributor to the European MSS/PSS market, accounting for 26.4% of total market revenue in 2020, and will remain the largest revenue contributor till 2024," said Piotr Kopczynski, Security Research Analyst at Frost & Sullivan. "The manufacturing sector, the second-largest contributor to the market, has witnessed a significant increase in the MSS/PSS penetration rates over the past three years as a result of increasingly high-profile attacks that halted production and negatively impacted revenues for affected organizations."

Kopczynski added: "Additionally, increasing security incidents and the continuing shortage of cybersecurity professionals will drive demand for better artificial intelligence (AI)-enabled security technologies that can improve communication between customers and MSS security operations centers (SOCs). Further, vendors that do not adapt their portfolios to incorporate automation in the SOC or fail to address competition from cloud solutions vendors baking security into their offerings will have difficulty growing."

Organizations' move to mitigate the dynamically changing threat landscape presents lucrative growth prospects for market participants, such as:

European Managed & Professional Security Services Market is the latest addition to Frost & Sullivan's Security research and analyses available through the Frost & Sullivan Leadership Council, which helps organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future.

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European Managed & Professional Security Services Market

MG0A-74

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