Cloud, CPE-based security dominate $13 billion managed security market in 2012

Cloud and managed CPE (consumer premise equipment) security services were the dominant elements of the managed security market, according to a new Infonetics report, driving the overall segment up 12 percent in 2012 to $13 billion.

While the majority of security service revenue in 2012 came from CPE-based services, the research firm forecast that by 2017 CPE revenue will dip to 50 percent of total revenue. However, cloud-based security is set to grow 69 percent during the period.

Infonetics cloud CPE managed security 2012

"Manufacturers and service providers are developing more mature offerings to build out and deliver managed security to customers, and the net result is the market continues to enjoy healthy overall growth, with particularly strong growth for cloud-based service," said Jeff Wilson, principal analyst for security at Infonetics Research, in a release about the new report.

Another area of managed security growth will be hosted DDoS (distributed denial of service) security, which will comprise over 20 percent of cloud-based security revenue by 2017.

An uptick in hosted DDoS security should not be all that surprising given the recent DDoS attack directed against anti-spam organization Spamhaus and an earlier attack on AT&T's (NYSE: T) DNS server in the Southeast region that caused disruptions for its enterprise customers.

For more:
- see the release

Related articles:
Massive DDoS attack sets records, but Internet keeps chugging along
DDoS: AT&T isn't the only carrier at risk of attack
GoDaddy moves its DNS servers to VeriSign following major outage
Comcast enlists Lancope for data center DDoS fight

Suggested Articles

Vodafone Business announced this week that it has launched a new resource hub to help businesses bounce back from the impact of the COVID-19 pandemic.

CenturyLink's Shaun Andrews has a contrarian view in regards to how much the pandemic fueled digital transformations.

Data center provider Stream Data Centers is leaning on Cox Business' fiber network for its new data center campus in Goodyear, Arizona.