cloud+cpe managed security servicesThe market for Cloud-based and CPE (Customer Premises Equipment) Managed Security Services will grow to reach $18 billion by 2016, according to a new Infonetics Research report.

“The fact that many new attacks are developed for the web applications means that any device that has a web browser and some form of Internet access is a target,” noted Jeff Wilson, principal analyst for security at Infonetics Research, in an announcement of the findings.

“Companies have to worry about desktops, laptops, servers, smartphones, tablets, kiosks, iPods, set-top boxes, and any other device that can connect to the Internet. The highly distributed nature of Internet-connected devices and the diversity of those devices drives many companies to look at managed services (cloud-based services in particular) to provide consistent protection regardless of device type, location, operating system, or browser.”

Highlights of Infonetics’ “Cloud and CPE Managed Security Services” report include:

  • Global cloud and CPE managed security service revenue grew 12% in 2011, to $11.7 billion
  • North America is expected to remain the largest market for managed security solutions for the foreseeable future
  • The managed security market is driven in large part by 3 major factors:
    • Currently installed solutions are not enough
    • Many companies lack the manpower or expertise to roll out new technology
    • Many enterprises are in the midst of an IT infrastructure transformation, moving users, applications, and data into the cloud, and seeking security solutions that will follow them