DUBLIN--(BUSINESS WIRE)--The "Managed Security Services Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2023 To 2031" report has been added to ResearchAndMarkets.com's offering.
Security has become one of the broader disciplines that affect business organizations if not ensured or strengthened. Managed security services landscape is evolving with providers offering multiple security services for safeguarding the IT infrastructure of organizations across several sectors. Managed security service providers offer round-the-clock monitoring and security management for an organization from off-site or in-house locations.
This allows and helps organizations to continue business with minimal intrusions while lowering the burden of performing security chores manually. Managed security service providers ensure that the IT infrastructure of an enterprise is always kept up-to-date with- timely audits, maintenance, and alerts of security issues.
Moreover, the continuous evolution of advanced threats has caused a great amount of operational pressure on organizations, driving them to adopt managed security services for better security threat management.
Growing incidences of cyber threats and the absence of experienced security professionals have become prime concerns for many organizations. To rely solely on their in-house security processes has become a challenge for organizations due to the increasing sophistication of cyber-attacks. Therefore, several organizations are migrating towards managed security service providers from their existing in-house security services. Furthermore, stringent government regulations and data security laws are influencing organizations to outsource security tools due to a lack of in-house expertise and need for the security management after the usual operating hours.
Moreover, the evolution of advanced technologies such as augmented and virtual reality and the Internet of Things (IoT) has resulted in the emergence of new threats. All these factors are collectively driving businesses to turn their way to managed security services that offer expertise and dedicated security personnel.
Managed security services have gained a lot of traction among businesses across several sectors. BFSI, healthcare, IT & telecom are the major sectors where cyber-attacks have become more complex. These verticals have greatly increased their spending on network security, which in turn has augmented the market growth. On the other hand, increased complexities associated with network infrastructure, and reluctance to share sensitive data are some of the major factors restraining the growth of the managed security services market.
Market Segmentation
Delivery Model
- CPE-based
- Cloud-based
Application
- Distributed Denial of Services (DDoS)
- Endpoint Security
- Firewall Management
- Managed IPS and IDS
- Secured Information and Event Management (SIEM)
- Unified Threat Management (UTM)
End-use Vertical
- Banking, Financial Services and Insurance (BFSI)
- Government and Defense
- Healthcare
- IT & Telecom
- Industrial Manufacturing
- Education
- Others
Key questions answered in this report
- What are the key micro and macro environmental factors that are impacting the growth of Managed Security Services market?
- What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
- Estimated forecast and market projections up to 2031.
- Which segment accounts for the fastest CAGR during the forecast period?
- Which market segment holds a larger market share and why?
- Are low and middle-income economies investing in the Managed Security Services market?
- Which is the largest regional market for Managed Security Services market?
- What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
- Which are the key trends driving Managed Security Services market growth?
- Who are the key competitors and what are their key strategies to enhance their market presence in the Managed Security Services market worldwide?
Key Topics Covered:
1. Preface
2. Executive Summary
3. Managed Security Services Market: Competitive Analysis
4. Managed Security Services Market: Macro Analysis & Market Dynamics
5. Managed Security Services Market: By Delivery Model, 2021-2031, USD (Million)
6. Managed Security Services Market: By Application, 2021-2031, USD (Million)
7. Managed Security Services Market: By End-use Vertical, 2021-2031, USD (Million
8. North America Managed Security Services Market, 2021-2031, USD (Million)
9. UK and European Union Managed Security Services Market, 2021-2031, USD (Million)
10. Asia Pacific Managed Security Services Market, 2021-2031, USD (Million)
11. Latin America Managed Security Services Market, 2021-2031, USD (Million)
12. Middle East and Africa Managed Security Services Market, 2021-2031, USD (Million)
13. Company Profile
Companies Mentioned
- IBM
- AT&T
- NTT
- Accenture
- DXC Technology
- SecureWorks
- Trustwave
- Atos
- Orange Cyberdefense
- Fujitsu
- Kudelski Security
- Proficio
- CrowdStrike
- F5
- HelpSystems
- Capgemini
- Infosys
- Lumen Technologies
- Kroll
- Cipher Security
- RSI Security
- SecurityHQ
- TrustNet
- LightEdge
- VirtualArmour
- Lynx Technology
- Nettitude
- Nokia Networks
- Teceze
- Cyflare
- Ascend Technologies
- Avertium
- DigitalXRAID
For more information about this report visit https://www.researchandmarkets.com/r/vnobpe
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