Managed Security Services Market by Deployment Mode (On-Premise and Cloud), Enterprise Size (Large Enterprises and Small & Medium-Sized Enterprises), Application (Managed IPS and IDS, Distributed Denial of Services (DDoS), Unified Threat Management (UTM), Secured Information and Event Management (SIEM), Firewall Management, Endpoint Security, and Others), and Industry Vertical (BFSI, Healthcare, Manufacturing, Retail, IT & Telecom, and Others): Global Opportunity Analysis and Industry Forecast, 2021-2030
Managed security services (MSS) are third-party service providers of remote monitoring and administration of IT security tasks to efficiently secure enterprises’ sensitive data. With the rise of business in terms of size and structure and the use of mobile devices, social media, cloud services, and big data, the mission of information security is getting more difficult. The growing number of security assaults and destructive behaviours perpetrated by organised cybercriminal groups has caused anxiety among businesses across all industries. Furthermore, rise in network infrastructure complexity is proving to be a serious impediment to data security management.
Increase in cybercrime activities, cost effectiveness, and stringent government regulations drive the global managed security services market. In addition, growing trend of mobile devices at workplaces and rise in electronic data fuel the market growth. However, hesitation to share sensitive data restrict the market growth. Moreover, growing awareness about data security, growing importance of e-business, and demand of customized services is expected to offer remunerative opportunities for expansion of the market during the forecast period.
The managed security services market is segmented on the basis of deployment mode, enterprise size, application, industry verticals, and region. The deployment mode segment includes on-premise and cloud. Enterprise size are divided into large enterprises and small & medium-sized enterprises. The application segment includes Managed IPS & IDS, Distributed Denial of Services (DDoS), Unified Threat Management (UTM), Secured Information and Event Management (SIEM), firewall management, endpoint security, and others. The vertical segment includes BFSI, healthcare, manufacturing, retail, telecom & IT, and others. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The global managed security services market is dominated by AT&T Intellectual Property, BT Group, Broadcom, Cisco System Inc., Check Point Software Technologies Ltd., DXC Technology Company, SecureWorks Inc., Fortinet Inc., Hewlett Packard Enterprise Development LP, and IBM Corporation. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.
KEY BENEFITS FOR STAKEHOLDERS • The study provides an in-depth analysis of the global managed security services market forecast along with the current & future trends to explain the imminent investment pockets.
• Information about key drivers, restraints, & opportunities and their impact analysis on global managed security services market trends is provided in the report.
• The Porter’s five forces analysis illustrates the potency of the buyers and suppliers operating in the industry.
• The quantitative analysis of the market from 2021 to 2030 is provided to determine the market potential.
- By Enterprises Size
- Large Enterprises
- Small & Medium-sized Enterprises
- By Application
- Managed IPS and IDS
- Distributed Denial of Services (DDoS)
- Unified Threat Management (UTM)
- Secured Information & Event Management (SIEM)
- Firewall Management
- Endpoint Security
- By Vertical
- Telecom & IT
- By Region
- North America
- Rest of Europe
- Rest of Asia-Pacific
- Latin America
- Middle East
KEY MARKET PLAYERS - AT&T Intellectual Property
- BT Group
- Check Point Software Technologies Ltd.
- Cisco System Inc.
- DXC Technology Company
- Fortinet Inc.
- Hewlett Packard Enterprise Development LP
- IBM Corporation
- SecureWorks Inc.
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