Managed security providers are set to be in high demand thanks to the cloud

Businesses that are looking to store data virtually, yet are reticent to completely entrust the security of their data to cloud companies, may turn to managed security providers as another option.

According to CRN Technology News, the cloud is primed for a surge in popularity, and MSPs will likely benefit greatly from these increased software demands. The news source reports that in the last year the virtual securities industry saw its overall revenue grow by 12 percent. Furthermore, as the cloud becomes a more popular software option for businesses, security providers can expect the market for their services to total $17 billion in the next three years, and most of this upswing may be attributed to cloud computing.

"While the market leader in the data center/cloud security space is at this point undecided, " Jeff Wilson, analyst for security at Infonetics, told the news source. "At the center of the leadership puzzle is the emerging segment of security solutions for virtualized environments."

MSPs and their applications could boost the security of data in the cloud. However, another option, according to Money magazine, is to store information in a private cloud, a method Canadian banks currently prefer.