Managed security services Market Demand, Future Trend And Recent Development By Forecast 2027
Summary:
A new study title “Managed
security services market size, status and forecast 2027” has been
featured on market research future.
Market Research Future (MRFR), in its current “Managed
Security Services Market” report, offers reliable information on the market
drivers and limitations and the influence of key players on the market. This is
observed to gain considerable traction for the managed security services market
2020. As per MRFR study, the worldwide market of Managed Security Services Market to thrive at about 12% across the evaluation period (2015 to
2022) and value at nearly USD 34 billion by 2022.
Major
Key Players:
Verizon
Communications (U.S.), IBM (U.S.), AT&T (U.S.), CenturyLink (U.S.), HP
Enterprises (U.S.), Symantec Corporation (U.S.), Solutionary Inc. (U.S.),
Fortinet (U.S.), Dell SecureWorks (U.S.), Trustwave (U.S.), CSC (U.S.), BT
Group (UK), and Rapid 7 (U.S.) are some of the major mentions in the MRFR’s
list of key players.
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Strategic
outlays by these well-established companies are expected to contribute
effectively in achieving their long-term growth. Innovations housed by these
vendors promised enhanced services that can work in favor of the managed security services market in the
foreseeable future. Deals and mergers are other strategies adopted by these
managed security services providers to improve their position in the market.
Segmental
Outline:
The segmental study of the global managed
security services market is based on organization size, service type, end-user,
and deployment.
The service type-based segments of the
market are DDOS, IPS and IDS, unified threat management, endpoint security,
firewall management, and SIEM. An increase in cyber threats and growing cases
of cybercrimes are likely to generate numerous scope for the market to expand.
The rise in need to protect in-house security providing solutions can cause the
service-type segments are likely to influence the market significantly.
SMBs
and large enterprises are organization size-based segments of the managed
security services market. While large enterprises have to deal with
international transactions, SMEs are adopting robust security solutions. These
are expected to impel the worldwide managed security services market.
The
deployment type-based segments of the managed security services market are
hybrid, cloud, and on-premise.
The
end-user-based segments of the managed security services market are BSFI,
retail, IT or ITES, aerospace and defense, manufacturing, government,
healthcare, and others. The BFSI sector deals with sensitive client’s data.
Thus, encryption used are strong and reliable. However, the security for a
large volume of high importance data requires effective security management
solutions. Hence, the BFSI market is expected to make an essential contribution
to the expansion of the global managed security services market growth.
Regional
Outlook:
In North America, the managed security services
market is expected to thrive on the increased cases of cybercrimes. The
surge in the adoption of managed security services across different enterprises
is expected to leverage the growth of the regional market. The US is likely to
hold the pole position in the regional market due to the presence of dynamic
service providers in the region. Similar growth inducers are observed in
Europe.
Europe managed security services market is likely to
capitalize on the rising need to free in-house IT for value-driven work. Thus,
a stay put for internal IT from constantly monitoring SIEM data and threats on
intelligence feeds can aid them to invest their time in meeting other
organizational requirements. Hence, the EU market is expected to gain high
profits in the evaluation period. The Asia Pacific managed security services
market growth is likely to spur due to rapid industrialization and an
increase in the number of companies that are outsourcing security solutions to
organizations in APAC.
Table of Contents
1 Market
Introduction
1.1 Introduction
1.2 Scope of Study
1.2.1 Research Objective
1.2.2 Assumptions
1.2.3 Limitations
1.3 Market Structure
Continued…
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List of Tables
Table
1 Managed Security Services Market, By Service Type
Table
2 Managed Security Services Market, By Organization Size
Continued…
List of Figures
Figure
1 Research Network Solution
Figure
2 Managed Security Services Market: By Service Type (%)
Continued…
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