Precise Study on Global Managed Cyber Security Services Market Covering Trends, Market Share and Forecast to 2026 || Key Players - Tata Consultancy Services, Symantec, Secureworks, CNS Group, IBM Corporation, Proficio, Accenture, Optiv, Assuria and Honeyw

Market Research Reports Search Engine (MRRSE) has recently updated its massive report catalog by adding a fresh study titled “Precise Study on Global Managed Cyber Security Services Market Covering Trends, Market Share and Forecast to 2026”. This business intelligence study encapsulates vital details about the market current as well as future status during the mentioned forecast period of 2026. The report also targets important facets such as market drivers, challenges, latest trends, and opportunities associated with a growth of manufacturers in the global market for Managed Cyber Security Services. Along with these insights, the report provides the readers crucial insights on the strategies implemented by leading companies to remain in the lead of this competitive market.

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The global managed cyber security services market is expected to witness a robust growth attributed to growing incidences of malware threats in the cyber space. Increasing demand for vulnerability and threat management is expected to boost demand for the managed cyber security services among the large enterprises. Moreover, the surge in demand for scanning and testing to detect malware is further expected to contribute towards growth of the global managed cyber security services market significantly. Adoption of the managed cyber security services is expected to remain high among hotel chains, distributed organizations, restaurant groups, and franchises.

The report reveals an in-depth insight on the crucial aspects of the global managed cyber security services market on the growth patterns, important segments, competitive landscape and factors fuelling the growth of the global market.

The growth of the global managed cyber security services market is mainly bound by various macroeconomic and micro-economic factors. The report reveals that the global managed cyber security services market is expected to gain momentum attributed to a growing need to protect confidential data from malware attacks. Increasing incidences of malware attacks in various business organizations will continue to fuel adoption of the managed cyber security services and solutions. In addition, the surge in instances of employees and insiders of the business organization attempting to leak confidential and sensitive data has led business organizations to adopt the managed cyber security services and solutions significantly. Growing instances of data breaches and malware attacks in various organizations have led the companies offering cyber security solutions and services to focus on developing enhanced perimeter defense and threat detection solutions.

Malware attacks and data breaches can lead to significant losses for the company along with its confidential information stored. Growing need to for cyber security solution and services has led to a surge in demand for the critical business service monitoring that is offered to the clients. Moreover, organizations are also increasingly focusing on offering cloud security management, user activity management, security monitoring and VID, and desktop monitoring services to various business and government organizations globally. Increasing data breaches can further lead to identity theft in order to make expensive purchases, commit fraud, apply for loans and withdraw money. Bound to these factors, demand for the managed cyber security services and solutions is expected to increase significantly.

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Growing incidences of data breaches and malware attacks in various financial and banking institutions will continue to impact the growth of the global managed cyber security services market positively. Information and crucial data regarding the security details of the financial institutions could lead to significant losses for the banking institutions. Further, loss of important details of the end users and banking credentials will impact the loyalty and trust of the customers investing in the plans offered by the financial institutions. Bound to these factors, demand for the managed cybersecurity services and solutions is expected to increase in the global market.

North America to lead the Global market for Managed Cyber Security Services Over 2026

Among regions, North America is expected to dominate the global managed cybersecurity services market in 2017, and the trend is likely to continue throughout the forecast period. North America managed cybersecurity services market is set to grow at a CAGR of 18.5% between 2017 and 2026. Meanwhile, regions such as Asia Pacific excluding Japan (APEJ) and Europe are also expected to present growth opportunities for service providers during the assessment period.

Identity & Access Management- a Leading Application Segment

On the basis of application, the identity & access management will remain highly attractive in 2017 and beyond. This segment currently for more than one-third revenue share of the market and is estimated to surpass a valuation of US$ 26,700 Mn by 2026-end, expanding at a CAGR of 16%. The segment is set to increase by US$ 4,029.7 Mn annually over the course of the forecast period.

In the next section, the global managed cybersecurity services market is segmented in terms of application, end users, and region. On the basis of application, the global market is segmented as identity and access management, risk & compliance management, vulnerability management, managed security devices management and other applications. Based on end users, the global market is segmented as BFSI, discrete manufacturing, healthcare, government agencies, telecommunication, energy & utility, and other end users. By region, the global market is segmented as North America, Latin America, Europe, Japan, APEJ and MEA.

Key players in the global managed cybersecurity services market are Tata Consultancy Services, Symantec, SecureWorks, CNS Group, IBM Corporation, Proficio, Accenture, Optiv, Assuria, and Honeywell.

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