Global Managed Security Service Market is expected to grow from US$ 24.05 Bn in 2019 to US$ XX Bn by 2027, at a CAGR of XX % during the forecast period.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
Managed Security Service market is segmented by Security Type, organization size, deployment Mode, vertical, and region. On the basis of Security Type, the market further classified into managed network security, managed endpoint security, managed vertical security, and managed cloud security. In terms of organization size the market is divided into large enterprises & SMEs. Based on deployment Mode the market is split into on-premises, and cloud. Vertical segment includes Banking, Financial Services, And Insurance (BFSI)), Government and Defense, telecom and IT, healthcare, energy and utilities, manufacturing, retail. According to the region market is spread into North America, Europe, Asia pacific, Middle East & Africa, and Latin America.
It is necessary to have a managed security system which is massively available in market today. Rising factor about Managed Security Service market is that they can provide accuracy in internal and external scans among IT network, web verticals, hosts, and databases. Scans by an MSS will reduce the resource needs through a structured distributed deployment, so it is helping to reduce costs from IT operations. Risk of cyber-attacks on all the business and organization has been increasing day by day, it may harm organization’s personal information and sensitive data. High initial cost is limiting the growth of market.
Computer, laptops and mobile phones are widely used devices now a days, still most of the users are not yet aware about the security services of all this technologies so, Managed Security Service has to be provided. Managed network security services providers are also known as solution providers or value added resellers which can be hired for outsourcing processes and tasks related to network security. Managed end point security is another policy based approach toward network security which requires endpoint devices to be used in specific criteria just before having access to network resources. It includes some specialized equipment such as bar code readers or point of sale terminals and others like PC’s, smart phones, laptop, tablets etc. keeping your sensitive information, data, and workload to the cloud provides high efficiency, better performance and cost. Cloud security managed services uses global threat intelligence, integrated security technologies and security professionals. Based on the deployment Mode market is divided into on-premises and cloud, exceptionally growing demand is for cloud based security and remains to influence the market over deployment Modes
In terms of region, Managed Security Service market is segmented by North America, Europe, Asia pacific, Middle East & Africa, and Latin America. North America is estimated to grow at high rate in Managed Security Service market owing to large-scale industrialization and different organizations emerging in the region. Increasing strictness of cyber security regulations and government support for the development and commercialization of advanced security are boosting the market in this region.
Key players operated in managed securities service market are IBM, SecureWorks, BT group, AT&T, verizon, Trustwave, Symantec, Wipro, alertLogic, Symantec, bae Systems, centurylink, DXC, fortinet, fujitsu, NTT Security, Accenture, cipher, HCL, Hitachi systems security, optiv security,rapid7, Unisys.
The objective of the report is to present comprehensive analysis of Managed Security Service Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with analysis of complicated data in simple language. The report covers all the aspects of industry with dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give clear futuristic view of the industry to the decision makers.
The report also helps in understanding Managed Security Service Market dynamics, structure by analyzing the market segments, and project the Managed Security Service Market size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the Managed Security Service Market make the report investor’s guide.
The scope of Managed Security Service Market:
Managed Security Service Market, By Security Type
• Managed Network Security
• Managed Endpoint Security
• Managed Vertical Security
• Managed Cloud Security
Managed Security Service Market, By Organization Size
• large Enterprise
Managed Security Service Market, By Deployment Mode
Managed Security Service Market, By Vertical
• Banking, Financial Services, And Insurance (BFSI))
• Government And Defense
• Telecom and IT
• Energy and Utilities Manufacturing
Managed Security Service Market, By Region
• North America
• Asia pacific
• Middle East & Africa
• Latin America
Key Players :
• SecureWorks Inc.
• BT group
• bae Systems
• NTT Security
• Hitachi systems security
• Optiv security
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