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Managed Security Services Market 2020-2025: IBM, NTT Data, Secure works, DXC Technology, BT Security, Atos, Infosys, Verizon, Cognizant, Cipher Security, Accenture, Wipro, Optiv Security and Others.

05-19-2020 10:59 AM CET | IT, New Media & Software

Press release from: ReportsandReports

Managed Security Services Market 2020-2025: IBM, NTT Data,

According to Market Study Report, Managed Security Services Market provides a comprehensive analysis of the Managed Security Services Market segments, including their dynamics, size, growth, regulatory requirements, competitive landscape and emerging opportunities of global industry.This report also provides market landscape and market share information in the Managed Security Services Market. An exclusive data offered in this report is collected by research and industry experts team.

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The Global Managed Security Services Market size is projected to grow from USD 31.6 Billion in 2020 to USD 46.4 Billion by 2025, at a Compound Annual Growth Rate (CAGR )of 8.0% during the forecast period. This report spread across 214 pages, profiling 20 companies and supported with 120 tables and 43 figures are now available in this research.

Top Key Players Profiled in the Managed Security Services Market:
o IBM (US)
o AT&T (Texas)
o NTT Data (Japan)
o Secure works (US)
o DXC Technology (US)
o BT Security (UK)
o Atos (France)
o Infosys (India)
o Verizon (US)
o Cognizant (US)
o Cipher Security (US)
o Wipro (India)
o Accenture (Ireland)
o Optiv Security (US)
o Trustwave (US)
o The Herjavec Group (Canada)
o Capgemini (France)
o Century Link Managed Security Services (US)
o Kudelski Security (Switzerland)
o Nuspire (US)

"The managed identity and access management segment to grow at a higher CAGR during the forecast period"
MSS are proactive security measures tailored according to the need and ever-evolving security landscape of organizations. These services include continuous monitoring and analysis, advanced technology, network assessment, and application and security specialists to advice stakeholders in organizations. Managed Identity and Access Management(IAM) helps in driving automation, managing consumer identities, and establishing a risk-based approach, among others.

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"The healthcare vertical to be the fastest-growing vertical during the forecast period"
The Banking, Financial, Services, and Insurance (BFSI) vertical is estimated to dominate the MSS market with the largest market size, while the healthcare vertical is the fastest-growing vertical during the forecast period. MSS are expected to help the BFSI vertical in keeping the confidentiality of sensitive data, which will, in turn, help in maintaining the overall security posture. The biggest advantage of using MSS in the BFSI vertical is 24*7*365 monitoring, which results in immediate incident response and remediation in case of a security breach. The BFSI vertical is very careful about the security of the sensitive data of its customers.

"Asia Pacific to hold the highest market share during the forecast period"
Technological advancements such as cloud, 5G, and IoT have led Small and Medium-sized Enterprises (SMEs) and large enterprises in the Asia Pacific (APAC) region to largely rely on MSS. Also, government regulations, cybersecurity incidents, and cloud technology adoption are driving the adoption of MSS in the region.

Breakdown of primary participants' profile:
o By Company Type: Tier 1-25%, Tier 2-40%, and Tier 3-35%
o By Designation: C-level Executives-30%, Directors - 35%, and Others - 35%
o By Region: North America - 15%,Europe- 25%, APAC- 30%,Latin America- 20%, and MEA - 10%

Competitive Landscape of Managed Security Services Market:
1 Overview
2 Competitive Leadership Mapping
2.1 Visionary Leaders
2.2 Innovators
2.3 Dynamic Differentiators
2.4 Emerging Companies
3 Ranking Of Key Players

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Reason to access this report:
The report will help the market leaders/new entrants with information on the closest approximations of the revenue numbers for the overall MSS market and its sub segments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their business and plan suitable go-to-market strategies.

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