The cloud security services market grew 14% in 2014 to $7.2 billion worldwide, up from $6.3 billion the previous year, according to a new report from Infonetics Research.

The report, Cloud and CPE Managed Security Services analyzes and forecasts the market for cloud- and customer premises equipment (CPE)-based security services offered by service providers to small, medium and large businesses.

Among other report highlights: Managed security service revenue totaled $15.8 billion worldwide in 2014, rising% from 2013; cloud-based offerings made up 46% of security service revenue in 2014, with CPE-based services contributing 54%; and by 2018, cloud security services will surpass CPE-based security services.

The largest contributor to cloud-based security service revenue is content security, the report says, followed by managed firewall services, other security services, distributed denial of service (DDoS) mitigation and intrusion detection/prevention systems.

"Our long-term outlook for the already very large cloud and CPE managed security services market, especially for cloud services, is quite strong as providers begin to leverage their software-defined networking (SDN) and network functions virtualization (NFV) rollouts to really scale the delivery of managed security services," Jeff Wilson, research director for cybersecurity technology at Infonetics, said in a statement.

"Providers are leaning heavily on SDN and the promise of NFV, and this will help them deliver a wide range of new security services that leverage virtual appliances for protecting applications, data and infrastructure in their own clouds, and delivering new services to customers," Wilson said.

Register or login for access to this item and much more

All Information Management content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access