Managed Wireless Security Services to Top $1 Billion in 2014, Report Says
A report from global
connectivity analysis firm ABI Research released a report predicting the market
for managed wireless security services will more than triple in size over the
next five years, experiencing a robust, recession-resistant compound annual
growth rate (CAGR) of 27 percent for the years 2008-2014, and exceeding $1
billion at the end of that period.
ABI vice president Stan
Schatt called the managed wireless security services growth rate is quite
dramatic. "It's due to the explosive growth of large WLAN deployments," he
said. "As these grow, organizations in certain markets such as healthcare and
hospitality are finding it more efficient to outsource their security
management rather than to do it themselves. That's particularly true of
institutions that have many smaller branches without trained IT personnel."
There is also what Schatt
terms "an absolutely incredible opportunity" among small to medium-sized
businesses (SMBs): as they increase their Wi-Fi usage, they see great benefit
in having their wireless security - especially wireless video surveillance -
managed for them. "Managed service providers can address this market more
effectively by including support for wireless video surveillance in their
offerings, including portals for review of surveillance tapes, and activity
reports," he said.
These managed services are
being provided by a variety of companies, according to AMI, including some WLAN
equipment companies such as Cisco, and some resellers of intrusion protection
systems from companies such as AirMagnet and Airtight Networks. In the future, large
professional services companies such as HP and IBM will join these companies,
AMI predicted. The research firm also predicted mobile operators and other
telcos will also be giving this market a great deal of attention, noting
communications giant AT&T is already active in this sphere.
ABI said while this discussion has focused on managed services, the company's Wireless Security Market Data provides metrics and forecasts for a number of areas of wireless security. It includes forecasts for the managed wireless security market as well as data on asset tracking, cargo tracking, real-time location, and video surveillance. It forms part of the firm's Wireless Security Research Service, which also includes research reports, research briefs and analyst inquiry support, the company said.