Managed Security Services Market to Represent a Significant Expansion at 24.1% CAGR During 2025 | Technological Advancements Innovative Trends New Ideas Strategies and Key Players

Managed Security Services market is expected to grow to US$ 18,030.9 Mn by 2025 from US$ 6,004.2 Mn in 2016. The managed security services landscape is growing and evolving with innovative services to efficiently and proficiently secure the IT infrastructure of organization. Increasing cyber threats across industries, digital transformation across industries, and increase in adoption of BYOD are fueling the growth of managed security services market. Present-day security processes demands a balance of device management, event monitoring, and incident response, as well as governance, risk, and compliance functions. Increasing number of cyber-attacks and ever-growing complex risk and compliance requirement have led to the demand for third party specialize security service providers.

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Leading Managed Security Services Market Players:

1. AT&T Inc.
2. IBM Corporation
3. Dell SecureWorks Inc.
4. Trustwave Holdings
5. Verizon Communications
6. Symantec Corporation
7. Hewlett Packard Enterprise Development LP
8. NTT Security
9. CenturyLink, Inc.
10. BT Group plc.

The BFSI vertical is expected to account for the largest Managed Security Services market share during the forecast period. The BFSI vertical of all the regions are experiencing a huge growth particularly, in the emerging economies worldwide. Also, the governments of all economies are taking various initiatives to become resilient to the cyber-attacks. This has attracted investment in the managed security services market.

The different types of threat management services that are covered in managed security services market report include Managed Firewall, Managed IDS/IPS, Managed VPN, Managed Anti-Virus and Malware, Managed Gateway Security, Managed IAM, Managed DLP, Others (Managed Web Content Filtering, and Managed Application Control, and Managed Email). MSSPs are looking managed IAM services market in APAC region as the most lucrative opportunity to target during the forecast period. Growth for enterprise mobility, adoption of BYOD, and distributed IT environment is fueling the demand for Identity & Access Management solutions and services in various verticals. Moreover, high adoption of cloud services in APAC region demanded more robust and comprehensive compliance management. All these factors are expected to create more demand for managed IAM services in APAC region. Thus, The Insight Partner’s analysis has estimated managed security services market in APAC region to grow at a highest CAGR of 24.1% during the forecast period.

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The overall managed security services market size has been derived using both primary and secondary source. The research process begins with an exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the market. Also, primary interview were conducted with industry participants and commentators in order to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers and national sales managers, and external consultant such as valuation experts, research analysts and key opinion leaders specializing in the managed security services market.

Reason to Buy

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Managed Security Services Market
• Highlights key business priorities in order to assist companies to realign their business strategies.
• The key findings and recommendations highlight crucial progressive industry trends in the Managed Security Services Market, thereby allowing players to develop effective long term strategies.
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.

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This release was published on openPR.