SAO PAULO, Aug. 31 /PRNewswire/ -- Managed Security Services (MSS) is one of the strongest segments within the IT security landscape in Latin America. Expecting to deliver high growth rates in the short- and medium-term, the region observed a boost of new local participants and the entrance of international ones in the last three years. Currently the market in Latin America is highly fragmented, with many competitors striving to leverage their brand awareness as well as promote technical capabilities.
According to Frost & Sullivan, the Southern Cone region accounted for 15.6% of Latin American MSS revenues in 2009. Even though Argentina's MSS markets are restrained by a strong cultural barrier and the negative impacts of highly unstable economy and Chile's MSS markets are extremely developed and mature, NeoSecure has excelled in these markets, managing to grow considerably above the markets' average in 2009.
Despite these market challenges, NeoSecure is an extremely strong participant in the MSS markets in the Southern Cone region, with solid brand awareness in both Chile and Argentina and second to none in terms of MSS revenues in 2009, totaling an impressive 33.1% market share.
The company has begun a steady regional expansion plan, starting with the penetration of the Andean MSS markets. "Due to the successful implementation of innovative growth strategies, NeoSecure is expected to achieve solid and optimistic growth rates in the short-term," forecasts Frost & Sullivan market analyst Fernando Belfort.
In addition, key performance drivers that leveraged NeoSecure's strong leadership in the Southern Cone region include its strong MSS portfolio, robust infrastructure, strategic partnership with network security vendors, training and certifications programs, and valuable human resources to provide MSS services and proven market expertise in Argentina, Bolivia, Chile, Colombia and Peru.
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NeoSecure is a leading Chilean managed security service provider. With a complete portfolio of security services, NeoSecure achieved a prestigious position in the managed security services market in the Southern Cone region, counting with top customers within the finance, telecom and retail verticals. With presence in Argentina, Chile and Peru, the company has over 125 staff completely focused toward security. If you want to know more about NeoSecure, please visit: www.neosecure.com
SOURCE Frost & Sullivan