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Managed Security Services Market growing at a CAGR of 15.3%, 2023: Cisco, Dell, Symantec, AT&T, HP, Hewlett Packard Enterprise, IBM, Fortinet, CSC and Verizon

12-28-2018 07:02 AM CET | IT, New Media & Software

Press release from: Research for Markets

/ PR Agency: Research for Markets
Research for Markets

Research for Markets

According to research for markets, the Managed Security Services Market is a professional and in-depth study & with a focus on the current state of the global industry.

The Global Managed Security Services Market is accounted for $20.22 billion in 2016 and is expected to reach $55.10 billion by 2023 growing at a CAGR of 15.3% during the forecast period.

Factors such as security staff and budget constraints, rising integration of biometric sensors in security-based applications and increasing remote management tools are fuelling the market growth. However, lack of trust in third-party applications, reluctance to share sensitive data and varying customer demands regarding security package are hampering the market. Moreover, the trend of BYOD acceptance at workplaces to get better productivity by allowing the employees to access corporate data via personal devices has been rising.

SOME OF THE KEY PLAYERS IN GLOBAL MANAGED SECURITY SERVICES MARKET INCLUDE

· BT Group

· Verizon Communications, Inc.

· Fortinet Inc

· Cisco Systems Inc.

· Dell Secure Works Inc.

· Symantec Corporation

· Computer Science Corporation (CSC)

· AT&T Inc.

· Hewlett Packard

· International Business Machines Corporation (IBM)

· Solutionary, Inc.

· Centurylink, Inc.

· Secureworks, Inc.

· Trustwave Holdings, Inc.

· Rapid7 Inc.

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A Managed Security Service is an efficient approach to deal with an organization's security needs. The services can be handled in house or outsourced to a service provider that oversees other company’s network and information system security. Functions of a managed security service include performing security assessments and security audits, management of intrusion detection systems and round-the-clock monitoring and firewalls, responding to emergencies and overseeing patch management and upgrades.

DEPLOYMENT MODELS COVERED:

On Premise, Cloud and Hybrid

SERVICES COVERED:

Antivirus/Antimalware, Identity and Access Management, Managed Security Information and Event Management, Distributed Denial of Service, Compliance Management, Vulnerability Management, Unified Threat Management, Managed Intrusion Detection/Prevention System, Managed Firewall and Other Services

END USERS COVERED:

Education, Energy and Utilities, Retail and Consumer Packaged Goods, Telecom and IT, Healthcare and Life Sciences, Government and Defense, Banking, Financial Services, and Insurance, Manufacturing, Other End Users

Browse Full Report with TOC @ www.researchformarkets.com/reports/managed-security-servi...

Banking, Financial Services and Insurance, is expected to hold significant market growth during the forecast period due to rapid changes in customer activities, where consumers are using bank applications across various platforms making the vertical highly susceptible to attacks. Asia-Pacific is likely to grow at a highest market growth during the forecast period which can be attributed to security attentiveness and importance to preserve the brand image would contribute the increasing demand for services from various sectors in this region.

Table of Contents:

1 Executive Summary

2 Preface

3 Market Trend Analysis

4 Porters Five Force Analysis

5 Global Managed Security Services Market, By Deployment Mode

6 Global Managed Security Services Market, By Organisaton Size

7 Global Managed Security Services Market, By Service

8 Global Managed Security Services Market, By End User

9 Global Managed Security Services Market, By Geography

10 Key Developments

11 Company Profiling

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Features mentioned in the report

1. To analyze the market size of the market and infer the key trends from it.

2. Major players and brands

3. Drivers and restrains of the market

4. Industry Chain Suppliers of Managed Security Services market with Contact Information

5. To inspect the market based on product, market share and size of the product share.

6. The various opportunities in the market.

Note: Any special requirements about this report, please let us know and we can provide custom report.

About Research for Markets:

Research for Markets indulges in detailed and diligent research on different markets, trends and emerging opportunities in the successive direction to cater to your business needs. We have established the pillars of our flourishing institute on the grounds of Credibility and Reliability. RFM delve into the markets across Asia Pacific, North America, South America, Europe, Middle East and Africa.

Contact:

Mr. A Naidu

Research for Markets

Tel: +44 8000-4182-37 (UK)

Email: alan.naidu@researchformarkets.com

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