Global Managed Security Services Market 2020 | Real Time Analysis, Growth Opportunities & Forecast By 2027, Latest Report with COVID 19 Impact and Market Players IBM Corp., HP, Dell SecureWorks, Cisco Systems Inc., Symantec, AT&T, BT Group, Verizon and Mo

The global managed security services market is expected to garner $40.97 billion by 2022, registering a CAGR of 16.6% during the period 2016-2022. North America is expected be the largest market for managed security services during the forecast period owing to the growing awareness about the information security among businesses.

Key drivers that are propelling the growth of the market included in the report. Additionally, challenges and restraining factors that are likely to curb the growth of the market are put forth by the analysts to prepare the business for future challenges in advance.

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The report offers key drivers that propel the growth in the managed security services market. These insights help market players in devising strategies to gain market presence. The research also outlined restraints of the market. Insights on opportunities are mentioned to assist market players in taking further steps by determining potential in untapped regions.

The managed security services market comprises dominant players such as IBM Corp., HP, Dell SecureWorks, Cisco Systems Inc., Symantec, AT&T, BT Group, Verizon, and others. These market players primarily focus on the development of new features, launch of innovative products with exceptional variations, and adoption of R&D and acquisition as their key strategies to establish their position in the market.

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The market is evaluated based on its regional penetration, explaining the performance of the market in each regional market covering provinces such as North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa).

The research offers a detailed segmentation of the managed security services market. Key segments analyzed in the research include Application Type, Deployment Mode Type, Geography and more. Extensive analysis of sales, revenue, growth rate, and market share of each Application Type, Deployment Mode Type for the historic period and the forecast period is offered with the help of tables.

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Key findings of Managed Security Services Market:

IPS/DPS market is expected to exhibit a remarkable growth during the forecast period.
On-premise or Customer Premise Equipment (CPE) deployment mode contribute the highest market share.

The Asia-Pacific region is expected to exhibit a promising growth owing to increasing rate of adoption in the region.

Industry participants focus on introducing new products with innovations and to improve their market share.

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