Leading Industry Analyst Firm Describes Verizon Business as a 'Market Leader' in Managed Security Services

BASKING RIDGE, N.J., April 6 /PRNewswire/ -- Independent research and consulting firm Forrester has found Verizon Business to be a top provider in the global delivery of managed security services, in a new market research report.

In the report -- "Market Overview: Managed Security Services," published in March -- Forrester describes 24 global managed security services (MSS) providers, based on the breadth of MSS delivered globally. The firm also analyzes the overall state of the market and details what customers are seeking in managed security services providers.  

The report cites Verizon Business as a "market leader in customer satisfaction and innovation" with "a balanced set of offerings focused on customer needs augmented with an experienced, competent staff and good execution."

According to the report, "This segment of the market has really come forward as the most dominant.  It has the potential to fundamentally change market dynamics, and we expect it to take over MSS in the coming years. Telecommunications providers already have a substantial existing customer base that they can reach out to and offer additional security services."

Peter Tippett, vice president of technology and innovation at Verizon Business, said: "Verizon Business provides MSS customers with a triple threat through the expertise of our security analysts, the strength of our offerings and the best-of-breed technology that we support.  We challenge ourselves to consistently raise the bar and deliver innovative, excellent security services to our customers, and this report demonstrates that we are executing well."

According to the report, "Forrester estimates the global size of the managed security services market to be $4.5 billion, which includes outsourced and SaaS security services as well as other annualized security operations."

The report is available by clicking here.

Verizon Security

In addition to Managed Security Services, Verizon Business offers governance, risk and compliance solutions, data loss and prevention solutions, and identity management solutions, delivered by the company's more than 1,200 security professionals around the globe.  More information is available by visiting http://www.verizonbusiness.com/products/security.  The company also provides additional security insight and analysis via the Verizon Security Blog.

About Verizon Business

Verizon Business, a unit of Verizon Communications (NYSE, Nasdaq: VZ), is a global leader in communications and IT solutions. We combine professional expertise with one of the world's most connected IP networks to deliver award-winning communications, IT, information security and network solutions.  We securely connect today's extended enterprises of widespread and mobile customers, partners, suppliers and employees – enabling them to increase productivity and efficiency and help preserve the environment.  Many of the world's largest businesses and governments – including 96 percent of the Fortune 1000 and thousands of government agencies and educational institutions – rely on our professional and managed services and network technologies to accelerate their business. Find out more at www.verizonbusiness.com.

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SOURCE Verizon Business