Managed Security Services Market Insights on Trends, Drivers and Opportunities by 2025 & key players - IBM, Secureworks, Symantec, Trustwave, Verizon, AT&T, ATOS, Centurylink, DXC, Fortinet, Fujitsu, NTT Security, Wipro, Accenture.

Managed Security Services Market Size and Growth Rate:
Managed Security Services Market was valued at USD 18.08 billion in 2016 and projected to reach USD 63.01 billion by 2025 growing at a CAGR of 14.88% during the forecast period 2018 to 2025.

Managed Security Services Market Overview:
Managed Security Services (MSS) refers to the remote monitoring and management of IT security functions by third-party service providers to effectively protect the confidential data of organizations. The task of information security is becoming increasingly complex with the growth of the company in terms of size and structure, as well as with the use of social networks, cloud services, big data and various computing devices. The growing number of security attacks and malicious practices perpetrated by organized cybercriminal groups is raising concerns among organizations. In addition, the increasing complexity of the network infrastructure is proving to be a major obstacle to managing data security. In such a scenario, the outsourcing of security tasks to providers of managed security services has become a lucrative option for organizations.

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Managed Security Services Market Growth Drivers and Restraints:
Affordable, reliable and effective security solutions from managed security service providers help business customers protect their confidential information and, as a result, their business. The adoption of BYOD in the workplace to improve productivity by allowing employees to access corporate data through personal devices is intensifying. The lack of capital resources and qualified IT personnel has diverted the organizations of the internal security administration to subcontracting. In addition, data security compliance requirements encourage organizations to outsource data security tasks. However, the reluctance to share confidential data and the different demands of client security are the main challenges in the market of managed security services.

Geographic Insights of Managed Security Services Market:
The proliferation of cybercrime has led to an increase in the demand for these manages security services in regions such as North America, Europe, Asia-Pacific and LAMEA. To comply with strict information security standards, the number of managed security service providers is increasing in North America. In addition, Europe competes closely and shows all the signs of a developed market. The landscape of these service providers remains stable, with the increasing complexity of cyber-attacks unchanged. The adoption of these serviceshas made significant progress in the Asia Pacific and Middle East markets to curb the growing number of cyber-attacks. The big data analysis would be critical for the growth of the market worldwide.

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Key Market Players of Managed Security Services Market:
Key players in the managed security services market include IBM, Secureworks, Symantec, Trustwave, Verizon, AT&T, ATOS, Bae Systems, British Telecom (BT), Centurylink, DXC, Fortinet, Fujitsu, NTT Security, Wipro, Accenture. Companies are focusing on providing fully integrated security solutions to develop technologies in the security space.

Managed Security Services Market Key Segmentation:

By Type:
• Intrusion Detection System/ Intrusion Prevention System (IDS/IPS)
• Identity and Access Management (IAM)
• Security Information and Event Management (SIEM)
• Antivirus/Anti-Malware
• Disaster Recovery
• Firewall
• Risk and Compliance Management
• Data Loss Prevention (DLP)
• Encryption

By Application:
• Telecom and IT
• Healthcare
• Government and Defense
• Energy and Utilities
• Banking, Financial Services, and Insurance
• Retail
• Manufacturing
• Others

By Regional:
• North America
• Europe
• Asia Pacific
• Latin America
• Rest of the World

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