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Commerce, MI – October 25th, 2012
Frost & Sullivan has released its Analysis of the Managed Security Service Provider Market – North America report. The one hundred fifty page report provides detailed insight into the North American MSSP industry and its key players.
Nuspire Networks appears in the report along with other Managed Security Service Providers (MSSPs) profiled by Frost & Sullivan.
The report forecasts strong continued growth in the MSSP sector through 2015. According to the report the projected market revenue in 2015 will grow to almost 3.5B; more than double 2010’s 1.52B reported revenue.
Nuspire has experienced this shift in the market first hand. In 2012 they have added several large customers to their client base. Nuspire’s customers are a diverse range of enterprise companies such as: General Motors, Cardinal Health, Volkswagen of America, Dunham’s Sports, Subaru of America and Kelly Services.
There are a number of contributing factors pushing the MSSP market forward. One such factor listed in the report is “Strong regulations are forcing businesses to improve security, satisfy compliance requirements, and reduce costs”. The report also states, “Companies always are looking to lower costs related to compliance overhead. MSSPs offer companies the equipment and expertise necessary to address changing compliance mandates without additional investment in training and products”.
Dan Hoban, Director of Sales for Nuspire Networks commented about Nuspire’s position in the MSSP industry.
“Companies are turning to Nuspire to provide or augment their network security needs” said Hoban. “Nuspire’s strength in the MSSP industry comes from its ability to develop and deploy security solutions to organizations with many remote locations.”
Nuspire was recognized as Frost & Sullivan’s “2011 Entrepreneurial Company of the Year” award earlier this year.
“Nuspire uniquely stands out from the competition by focusing on its strengths as a pure play MSSP,” said Frost & Sullivan Industry Analyst Martha Gomez Vazquez about Nuspire’s selection. “Nuspire’s flexibility allows it to capitalize on emerging opportunities and disrupters, provide lower prices, and deploy new technologies faster than its competitors.”
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