Market Highlights:
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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