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August 11, 2014

Report: Managed Security Services to Boast 15.4% CAGR Between 2013 and 2019


Most companies aren’t in the business of ensuring that fortified security mechanisms are in place in their technological infrastructures. Rather, their missions are to serve customers in other ways, whether by providing comprehensive accounting services, healthcare or anything in between.

As such, in order to better focus on their core competencies, many businesses are deciding to outsource their IT needs and employ managed service providers to handle all aspects of their technology for them—including their security measures. In fact, recent research indicates that the global managed security market will boast a 15.4 percent compound annual growth rate (CAGR) between 2013 and 2019, expanding from $9.25 million to $24.13 million.

Let’s take a look at some of the reasons for this growth:

  • Reduced costs. From a financial perspective, businesses stand to benefit significantly from outsourcing their IT needs. Think of it like hiring a team of freelancers: You don’t have to pay benefits, and you don’t have to hire full-time employees.
  • Objectivity. Managed service providers will objectively assess your network and infrastructure to see whether it’s optimized and protected as best as it can be. Whereas an in-house employee might have his or her preferred way of doing things—whether or not those habits are the best—a managed service provider brings a fresh perspective to your IT.
  • Expertise. When you hire a managed service provider, you’re hiring their years of experience and expertise. While an in-house employee might focus on security only some of the time, managed service providers live and breathe in the space.

If you’re thinking about reinforcing the security of your technological infrastructure, it might be time for you to consider employing Apex Technology Services, a managed service provider in Stamford, CT. Click here to learn more about the security services we offer.





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