Cyber-intelligence platforms to see investments as cybersecurity threats evolve
NewsDecember 09, 2020
SANTA CLARA, Calif. Frost & Sullivan's recent analysis "Managed and Professional Security Services Market in the Americas, Forecast to 2024" finds that the combination of escalating cyber risks and security personnel shortages propels market demand and presents challenges for organizations.
According to the study, customers' demand for more proactive security is compelling managed and professional security service (MSS/PSS) providers to embrace advanced security analytics platforms to better detect and anticipate threats. In the Americas, the MSS/PSS market is estimated to rise from $12.01 billion in 2020 to $18.81 billion by 2024.
The study goes on to claim that the digitalization of business operations and the dispersion of devices and locations create an exposure footprint, presenting immense growth prospects for market participants including Advanced Threats, Digital Transformation, Vertical Specialization, Geographic Expansion, and IoT.
