Managed Wireless Security Services Market to Top $1 Billion in 2014

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% for the years 2008-2014, and exceeding $1 billion at the end of that period.

The forecast is contained in a new Market Data product from ABI Research.

“The managed wireless security services growth rate is quite dramatic,” says vice president Stan Schatt. “It’s due to the explosive growth of large WLAN deployments. 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 and mid-sized businesses: as they increase their Wi-Fi usage, they see great benefit in having their wireless security – especially wireless video surveillance – managed for them.

These managed services are being provided by a variety of companies: 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, these will be joined by the large professional services companies such as HP and IBM. Mobile operators and other telcos will also be giving this market a great deal of attention: AT&T is already active in this sphere.

Schatt concludes: “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.”

While this discussion has focused on managed services, ABI Research’s Wireless Security Market Data provides metrics and forecasts for a number of key 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. What is unique about this market database is that its entire focus on mobile security issues.

It forms part of the firm’s Wireless Security Research Service, which also includes Research Reports, Research Briefs, and analyst inquiry support.

ABI Research provides in-depth analysis and quantitative forecasting of emerging trends in global connectivity. From offices in North America, Europe and Asia, ABI Research’s worldwide team of experts advise thousands of decision makers through research and advisory services in eight key practice areas. Est. 1990. For more information visit www.abiresearch.com, or call +1.516.624.2500.