Infonetics Sees Security Service Growth Through 2016

In its new report, Infonetics Research finds that global cloud and CPE managed security services grew 12% in 2011, to $11.7 billion. The study, “Cloud and CPE Managed Security Report,” predicts that this market segment will expand to nearly $18 billion by 2016. Infonetics also sees North America remaining the largest market for managed security solutions for at least the next few years, with growth being driven by three factors: market space for installation solutions; lack of manpower and expertise to allow companies to roll out new technology; and IT infrastructure transformations that require integrated security solutions.

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