Managed Security Services - Global Market Outlook (2016-2022)
According to Stratistics MRC, the Global Managed Security Services Market is valued at $17.52 billion in 2015 and is expected to reach $47.75 billion by 2022 growing at a CAGR of 15.3% from 2015 to 2022. Managed security services refer to the services dispensed by an Intermediary MSS provider to preserve data and network securities. The key factors that influence the Managed Security Services market include increase in cybercrimes and threats, increasing requirement of meeting compliance and data protection laws, security staffing and budgeting restrictions on the organizations, and raising demand of cloud services. Moreover, growing applications of managed security services is the most crucial factor for the growth of Managed security services. Managed security services provide several applications to the business such as network security, access control, compliance, confidentiality, and risk and vulnerability assessment amid others.
By Deployment Mode, the demand for cloud based security service segment is anticipated to grow exceptionally and remain to influence the market over other deployment models. By region, North America is anticipated to continue as the largest market for global managed security services market. Europe is anticipated to be the second largest market for global managed security services market. However, the Asia Pacific is anticipated to see rapid growth due to adoption of these services, particularly under BFSI, Healthcare, and government sector, on a major scale during the forecast period. Anyhow, challenges such as automation, scalability, and professional and technical capability of MSSPs (managed security services providers), resistance to share confidential information by customers, are obstructing market growth worldwide.
Some of the key players in the market include AT&T, Inc., Verizon Communications Inc., Trustwave Holdings, Inc., Symantec Corporation, Solutionary Inc. (NTT Group), Dell Secure works, Inc., International Business Machines Corporation (IBM), Hewlett-Packard Company, Computer Sciences Corporation (CSC), Century link, Inc, Fortinet, Inc., Accenture PLC, Intel Corporation, Checkpoint Software Technologies Limited, Cisco Systems, Inc., Hewlett Packard (HP) Inc, BT Group, Bell Canada, FishNet Consulting, and Tata Communications.
• Telecom and IT
• Industrial Manufacturing
• Government and defense
• Energy and Power
• Banking, Financial Services, and Insurance
• Other Verticals
Organization sizes Covered:
• Small and Medium Enterprises
• Large Enterprises
Service Types Covered:
• Threat Management
o Distributed Denial of Service (DDOS)
o Managed Email
o Managed Anti-Malware
o Managed Firewall
o Managed Gateway
o Managed Intrusion Detection Services and Intrusion Prevention Services
o Other Threat Management Services
• Compliance Management
• Vulnerability Management
• Incident Management
o Log Management
o Security Information and Event Management (SIEM)
• End Point Security
• Other Service Types
Deployment modes Covered:
• Customer Premise Equipment (CPE) or On-Premises
• Cloud or Hosted
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o Rest of Asia Pacific
• Rest of the World
o Middle East
o South Africa
What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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