Managed Security Services Market Global Competition and Business Growth Analysis 2020 to 2025

Global Managed Security Services Market 2020 offers detailed research and analysis of the COVID-19 impact provided in-depth information on leading growth drivers, restraints, challenges, trends, and opportunities to offer a complete analysis of the global Managed Security Services market. Market participants can use the analysis on market dynamics to plan effective growth strategies and prepare for future challenges beforehand. Each trend of the global Managed Security Services market is carefully analyzed and researched about by the market analysts.

The Managed Security Services market will register a 12.2%% CAGR in terms of revenue, the global market size will reach $ 29820 million by 2025, from $ 18820 million in 2019.

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Top Companies in the Global Managed Security Services Market: IBM (US), CenturyLink (US), SecureWorks (US), Trustwave (US), Verizon(US), Symantec (US), BAE Systems (UK), AT&T (US), BT (UK), Atos (France), DXC (US), NTT Security (Japan), Fujitsu (Japan), Wipro (India), Fortinet (US), etc.

Global market managed security services (MSS) refers to the monitoring and management of IT security functions by remote third-party service providers in order to effectively protect sensitive data from organizations. The task becomes more complex information security with business growth in terms of size and structure, and the use of social media, cloud services, big data and a variety of computing devices. The increasing number of security attacks and harmful practices by groups of organized cyber criminals has created concerns among organizations. In addition, the increased complexity in the network infrastructure proved to be a major hurdle in the management of data security. In such a scenario, outsourcing of security tasks for managed security service providers have emerged as a lucrative option for the organization.

Market Segmented by Types:

Network Security

Terminal Security

Application Security

Cloud Security

Market Segmented by Applications:

Financial Services

Communications Industry

Public Sector

Media

Retail

Manufacturing

Medical

Other

Regional Analysis:

For comprehensive understanding of market dynamics, the global Managed Security Services Market is analyzed across key geographies namely: United States, China, Europe, Japan, South-east Asia, India and others. Each of these regions is analyzed on basis of market findings across major countries in these regions for a macro-level understanding of the market.

Important Features that are under Offering and Key Highlights of the Reports:

– Detailed overview of Market

– Changing market dynamics of the industry

– In-depth market segmentation by Type, Application etc.

– Historical, current and projected market size in terms of volume and value

– Recent industry trends and developments

– Competitive landscape of Market

– Strategies of key players and product offerings

– Potential and niche segments/regions exhibiting promising growth

Take a look at some of the important sections of the report:

Market Overview: It starts with product overview and scope of the global Managed Security Services market and later gives consumption and production growth rate comparisons by application and product respectively. In addition, it provides statistics related to market size, revenue, and production.

Production Market Share by Region: Apart from the production share of regional markets analyzed in the report, readers are informed about their gross margin, price, revenue, and production growth rate here.

Company Profiles and Key Figures: Each company profiling of leading players operating in the market growth keeping in view vital factors markets served, production sites, price, gross margin, revenue, production, product application, product specification, production sites and product introduction.

Manufacturing Cost Analysis: Readers are provided with detailed manufacturing process analysis, industrial chain analysis, manufacturing cost structure analysis, and raw materials analysis.

Market Dynamics: The analysts explore critical influence factors, market drivers, challenges, risk factors, opportunities, and market trends.

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Finally, Managed Security Services Market report is the believable source for gaining the Market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request and Market development rate and figure and so on. This report additionally Present new task SWOT examination, speculation attainability investigation, and venture return investigation.

Note: All the reports that we list have been tracking the impact of COVID-19. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

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Managed Security Services Market Outlook and Opportunities in Grooming Regions : Edition 2020-2024

Managed Security Services Market – Growth, Trends And Forecast (2020 – 2024)

Managed security services (MSS) are provided by managed security service providers (MSSPs) to manage and monitor the security aspects of their customer’s IT infrastructure. These services often enable the client organizations to reduce expenditure on either customer-premises equipment (CPE) or in-house security specialists while receiving effective security management.

The managed security services market is expected to witness a CAGR of 15.2% over the forecast period 2019 – 2024.

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Top Companies in the Global Managed Security Services Market:

Verizon Communications, IBM Corporation, Symantec Corporation, At&T, Secureworks, Inc., Cisco Systems, Inc., Ericsson, Trustwave Holdings Inc., Accenture Plc, HP Enterprise, Computer Sciences Corporation among others.

January 2019 – Verizon Communications closed its acquisition of ProtectWise a Colorado-based company which provides cloud-delivered Network Detection and Response. This acquisition allows Verizon to expand its product offering in Network Detection and Response and bring additional talent to the company.

Market Overview:

There are some threats which are not currently active, but pose a threat to the enterprise. Threat intelligence includes building a strong front gate against the attacker in the entire network chain. It also provides information and context about attack methodologies, such as the tools used to obscure a break in, how an attack hides inside network traffic or evades detection, the kind of data being stolen or malware being planted, and how an attack communicates back to its controller.

Organizations are putting their reputation at risk by not addressing security awareness. In a Cisco conducted survey of 2000 respondents, 9% said that they do not have any dedicated cybersecurity professionals at their organizations.

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Key Market Trends:

Intrusion Detection and Prevention to Dominate the Market

– An Intrusion Detection and Prevention Software (IDPS) monitors network traffic for signs of a possible attack. When it detects potentially dangerous activity, it takes action to stop the attack. Often this takes the form of dropping malicious packets, blocking network traffic or resetting connections. The IDPS also usually sends an alert to security administrators about the potential malicious activity.
– The two main contributors to the successful deployment and operation of an IDS or IPS are the deployed signatures and the network traffic that flows through it.
– According to Insider Threat 2018 report, most insider exploits are detected through IDPS. This indicates the popularity of IDPS and why majority of the vendors are offering this service.

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Influence Of  The ​Managed Security Services Market Report:

-Comprehensive assessment of all opportunities and risk in the ​Managed Security Services market.

-​Managed Security Services market recent innovations and major events.

-Detailed study of business strategies for growth of the ​Managed Security Services market-leading players.

-Conclusive study about the growth plot of ​Managed Security Services market for forthcoming years.

-In-depth understanding of ​Managed Security Services market-particular drivers, constraints and major micro markets.

-Favourable impression inside vital market latest trends striking the ​Managed Security Services market.

Finally, Managed Security Services Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request and market development rate and figure and so on. Managed Security Services industry report additionally Present new task SWOT examination, speculation attainability investigation, and venture return investigation.

About Us:

MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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Global Managed Security Services Market worth US$ XX Billion By 2029

The report Global Managed Security Services Market, By Application (Payments, Clearing and settlement, Digital identity, and Documentation), By End-User (Banking Sector, Insurance Sector, Financial Institutes, Government and Public Sector, Retail and Ecommerce Sector, and Automotive Sector), and Region – Global Forecast to 2029″ Global managed security services market is projected to grow from US$ XX billion in 2019 to US$ XX billion by 2029. Global managed security services market is driven by rising frequency of cyber security attacks. Additionally, cost effectiveness, continuous security monitoring, and deep & broad security protection are other major benefits propelling growth of the global managed security services market. Furthermore, increase in use of mobile devices, increasing demand of managed security services from small and medium enterprises are expected to fuel growth of the global market over the forecast period. The affordable, reliable, and effective security solutions form managed security service providers help the customer/client organizations protect their sensitive information which in turn boosts growth of the global market. Nevertheless, outsourcing of security task to managed security service providers has emerged as a lucrative option for the growth of the global market.

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Key Highlights:

  • On July 2019, IBM Corporation and Red Hat has announced that they have closed the transaction under which IBM acquired all of the issued and outstanding common shares of Red Hat for US$190.00 per share in cash, representing a total equity value of approximately US$34 Bn. The acquisition redefines the cloud market for business.
  • On July 2019, AT&T Wireless has announced that it will add automatic fraud blocking and suspected spam-call alerts to millions of AT&T consumer lines at no charge. New AT&T mobility consumer lines will have anti-robocall service. Millions of existing AT&T customers will have it automatically added to their accounts over the coming months.

Key Market Insights from the report:          

The global managed security services market accounted for US$ XX billion in 2019 and is projected to register a moderate CAGR of XX% over the forecast period. The market report has been segmented on the basis of industry type, deployment type, application, and region.

  • By industry-type, the global managed security services market is segmented BFSI (Banking, Financial Services and Insurance), healthcare, retail, manufacturing, telecom & IT, and others.
  • By deployment type, the global managed security services market is categorized into on–premises, cloud–based, and hybrid. On-premise deployment type segment constitute the highest market share and is preferred in cases when organization/companies are concerned about security of sensitive information over cloud.
  • By application, the global managed security services market is categorized into IPS and IDS, distribution denial of services (DDoS), unified threat management, secured information and event management (SIEM), firewall management, endpoint security, and others. IPS and IDS application segment constitute the highest market share as they provide protection to any sized networks.
  • By region, North America region is expected to dominate the global market over the forecast period. This is due to presence of developed countries like United States, Canada and also due to high adoption of managed security solutions to handle the ever changing rules and regulations. Europe accounts to be second largest market share in the global managed security services market and would have steady and positive growth in the global market over the forecast period. Asia-Pacific region is expected to show a positive growth in the global managed security services market over the forecast period.

 

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “ Global Managed Security Services Market”, By Application (Payments, Clearing and settlement, Digital identity, and Documentation), By End-User (Banking Sector, Insurance Sector, Financial Institutes, Government and Public Sector, Retail and Ecommerce Sector, and Automotive Sector), and by Region (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa)- forecast till 2029

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The prominent player operating in the global managed security services market includes IBM Corp., Verizon Communications, Inc., CenturyLink, Inc., AT&T Wireless, Symantec Corporation, HP Enterprises Company, Fortinet, inc., Solutionary, Inc., SecureWorks Corp., and CSC, Inc.

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Managed Security Services Market 2020 Strategic Assessment – IBM, Symantec, Atos, Trustwave, BAE Systems

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Global Managed Security Services Market Report 2020-2026 provides insightful data about business strategies, qualitative and quantitative analysis of Global Market.  The report also calls for market – driven results deriving feasibility studies for client needs. MarketInsightsReports ensures qualified and verifiable aspects of market data operating in the real- time scenario. The analytical studies are conducted ensuring client needs with a thorough understanding of market capacities in the real- time scenario.

The global managed security services market accounted for USD 20.92 billion in 2017 and is projected to grow at a CAGR of 15.1% the forecast period of 2018 to 2025.

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Managed security services (MSS) are an umbrella term that envelops capacities. For example, checking patch administration, general observing and overseeing of interruption identification frameworks and firewalls, leading security evaluations and reviews, and gauging and reacting to dangers. Enterprises normally outsource such administrations because of the absence of in-house assets or skill and the requirement for the administration of security after the typical office working hours also. The surge in the quantity of digital lawbreakers and digital assaults has jeopardized the protection of associations. With a specific end goal to secure their own and crucial information, associations are moved to improve their in-house security framework or outsource the managed security services from the best managed security providers.

The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global Managed Security Services Market: IBM (US), SecureWorks (US), Symantec (US), Trustwave (US), Verizon(US), AT&T (US), Atos (France), BAE Systems (UK), BT (UK), CenturyLink (US), DXC (US), Fortinet (US), Fujitsu (Japan), NTT Security (Japan), Wipro (India) and others.

Global Managed Security Services Market Split by Product Type and Applications:

This report segments the global Managed Security Services market on the basis of Types are:

Network Security

Terminal Security

Application Security

Cloud Security

On the basis of Application, the Global Managed Security Services market is segmented into:

Financial Services

Communications Industry

Public Sector

Media

Retail

Manufacturing

Medical

Other

Managed Security Services Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger and acquisitions along with trending innovation and business policies are reviewed in the report. The report contains basic, secondary and advanced information pertaining to the Managed Security Services Market global status and trend, market size, share, growth, trends analysis, segment and forecasts from 2020–2026.

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Essential Elements form the Table of Content of Global Managed Security Services Market:.

– Global Managed Security Services Market Overview, Drivers, Restraints and Opportunities, Segmentation overview

– Global Managed Security Services Market competition by Manufacturers(2020-2026)

– Production and Consumption by Regions

– Complete profiling and analysis of Manufacturers(2020-2026)

– Manufacturing cost analysis, Materials analysis, Region-wise manufacturing expenses

– Industrial Chain, Sourcing Strategy and Downstream Buyers

– Marketing Strategy Analysis, Distributors/Traders

– Global Managed Security Services Market Effect Factors Analysis(2020-2026)

– Global Managed Security Services Market Forecast(2020-2026)

– Global Managed Security Services Market Research Findings and Conclusion

The research includes historic data from 2014 to 2020 and forecasts until 2026 which makes the report an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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