Global Managed Cyber Security Services Market : Key Players, Growth, Analysis 2018 to 2024

Advanced Security to Promote Growth in the Managed Cyber Security Services Market Over 2018 To 2024

Increasing demand for advanced security services in the sectors such as information technology, telecommunication, and BFSI are the major factors driving the growth of the managed cyber security services market. The government in various countries are introducing stringent regulations to secure the company’s sensitive information is resulting in the increasing number of companies electing for managed security services. Additionally, increasing demand for exposure and threat management is projected to boost the demand for managed cyber security services market. Moreover, unwillingness to share sensitive data and varying customer demand regarding security package is anticipated to hinder the growth of the managed cyber security market during the forecast period.

Furthermore, the adoption of managed cyber security is estimated to remain high among hotel chains, distributed organizations, restaurant groups, and franchises. This, in turn, is anticipated to create several growth opportunities for the key players in the managed cyber security services market. On the other hand, the surge in demand for scanning and testing to detect malware is anticipated to contribute its growth towards the global managed cyber security services market significantly.

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Infinium Global Research has produced a new premium report Managed Cyber Security Services Market. The report covers the analysis of global as well as regional markets of Managed Cyber Security Services. The objective of the study is to identify market sizes of different segments & countries in recent years and to forecast the values for the next six years. The report also deep dives into the sub-segments of Managed Cyber Security Services Market by deployment type (on-premise and cloud), security type (network security, endpoint security, application security and others), service type (identity and access management, firewall, encryption, and others) and end-user (BFSI, healthcare, discrete manufacturing, telecommunication, and others) through main geographies in the Global Market such as North America, Europe, Asia-Pacific and RoW.

The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encourage the expansion of the Managed Cyber Security Services Market during the said period. The report also provides market attractiveness analysis, by geography, and market share analysis, by key players respectively. Some of the prominent participants in the Global Managed Cyber Security Services Market are IBM, ATOS, Symantec, Wipro, Accenture, HCL, Fujitsu, SecureWorks, Hitachi Systems Security and Cipher.

North America region to contribute to growth in the global managed cyber security services market over the upcoming years

North America is anticipated to dominate the global managed cyber security services market while Asia Pacific excluding japan is projected to emerge as the most lucrative region. Mr. Omkar Harane a research analyst at Infinium Global Research quoted that the rising awareness about the need for cyber security services as well as increased incidences of cyber-crimes is set to grow in the Asia Pacific regions. Pooja Baragale further quoted that Countries like China and Japan are focused on developing IT infrastructure for increased deployment of the private and public cloud. Furthermore, stringent regulations are pertaining to information security hence, the number of service providers is growing in the North American regions. Moreover, regions such as the Asia Pacific excluding Japan and Europe are also expected to present growth opportunities for service providers during the assessment period.

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A key development to drive the growth in the Managed cyber security services market

Leading market participants profiled in Managed cyber security services market include Tata Consultancy Services, Secure works, Symantec, CNS Group, Proficio, IBM Corporation, Optiv, Accenture, Honeywell, and Assyria. Moreover, Owing to the lack of knowledge on the managed security services, most of the vendors in the developing regions rely on their partners to provide the service.

IBM to Acquire Agile three Solutions

In Jan 17- IBM Planned to Acquire Agile 3 Solutions to help executives manage their critical data. IBM and Agile 3 have been strategic business partners for several years and, in that time, have helped organizations around the world bring the C-suite into the security decision-making process and take action to protect their business-critical data.

Atos acquires Air-Lynx; an innovative start-up specialized in private LTE networks

In April 18-Atos acquired Air-Lynx, a French manufacturer of next-generation professional radio networks based on 4G LTE market standards. This acquisition will allow Atos to complement its existing portfolio of professional mobile radio and LTE tactical solutions and play a leading role in the expanding market for professional mobile radio evolution to the LTE and 5G standard.

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