Managed Security Services Market Comprehensive Research Study Till 2025 By Top Key Players Are IBM , Dell SecureWorks, Trustwave Holdings, Symantec, CenturyLink

According to our latest market study on "Managed Security Services Market Forecast to 2025 - Global Analysis - by Service type, Threat Management Type, Deployment Type, Enterprise Size, Verticals, and Geography," the market is expected to grow from US$ 16,857.0 million in 2016 to reach US$ 61,855.5 million by 2025; it is anticipated to grow at a CAGR of 16.9% from 2017 to 2025.With the multiple benefits of cloud services, such as cost-effectiveness, dynamic access to data, and shortened turnaround time for business operations, many SMEs and influential organizations are leaning toward having complete control over their data and infrastructure in the cloud internationally. For this reason, they are eager to make use of the advantages of cloud security services to improve data protection and access. MSSPs may use these services since they include unique features, including security policy enforcement, numerous compliances, IAM, encryption, SIEM, and malware detection and prevention. Because of these advantages, many large enterprises and small businesses are transferring their operations to the cloud to provide superior service. With the lower cost of deployment, SMEs are growing more interested in cloud-based security solutions. MSSPs may take advantage of this opportunity to provide custom-based security services to businesses.

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The Key Players In The Global Market Are:

•AT&T
•IBM
•Dell SecureWorks
•Trustwave Holdings
•Verizon Communications
•Symantec
•NTT Security Holdings
•CenturyLink
•BT Group

Global Managed Security Services Market Insight:

Managed security services have shown to be effective in protecting business internet assets, password files, crucial e-mails, and networks. As a result, managed security services are gaining popularity among businesses of all sizes as they raise their network security spending. Furthermore, clients are increasingly inclined toward securing their data with the help of service providers' trustworthy, effective, and cost-effective managed security solutions. Managed security service market players provide customer/client firms with low-cost, trustworthy, and effective security solutions to protect their sensitive data.

The growing use of public and private clouds and increased investment in IT infrastructure development in the APEJ region, particularly in China and India, are creating new possibilities for managed security service providers. The organizations also provide self-service and configurable access to incident log data for government agencies and major corporations for incident response. The demand for analytics platforms that can analyze large amounts of data is growing to identify sophisticated threats such as insider threats and tailored malware. As governments in many nations implement stricter requirements to protect firms' sensitive information, many businesses choose managed security services. Thus, with support from respective governments, the managed security services market is growing across countries.

Cost-Effectiveness of Managed Security Services Providers

In the last 8-10 years, data breaches and various sophisticated attacks have expanded substantially to the point that businesses in every industry must ensure their information and network infrastructure security. With growing threats and monitoring system vulnerability, utilizing an in-house or cloud-based security solution is essential in the security monitoring and management process. Due to budget constraints, most firms strive to develop an in-house security infrastructure with just part-time workers. Part-time personnel may lack the requisite skills. Thus, this may not be adequate to assure efficient and effective data protection. As a result, businesses are increasingly turning to managed security services providers to handle their data security needs (MSSP). This security management solution is cost-effective and allows the company to maintain real-time network traffic monitoring by IT security experts. MSSPs provide these services to several clients at once, cutting the cost per client. As a result, managed security services (MSS) are available to businesses of all sizes, fueling the managed security services market.

Service Type-Based Market Insights

There are various types of security services that need to be managed for providing a better security to organizations. The managed security service market, based on service type, is split into threat management, vulnerability management, log management, security information & event management (SIEM), and compliance management. These types deal with various threats and attacks that may affect the confidentiality of an organization and can hamper the reputation of the organization in terms of customer loyalty. Hence, end users emphasize on the procurement of advanced managed security services, catalyzing the managed security services market growth.

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The report segments the global Market as follows:

by Service Type (Threat Management, Vulnerability Management, Log Management, Compliance Management, and SIEM),

By Threat Management Type (Managed Firewall, Managed IDS/IPS, Managed VPN, Managed Anti-Virus and Malware, Managed Gateway Security, Managed IAM, Managed DLP, Others),

By Deployment Type (Hosted MMS and CPE MMS), Enterprise Size (Large Enterprises and SMEs), and Verticals (IT and Telecom, Retail, BFSI, Healthcare, Government, Manufacturing, Energy & Utility, Media, and Others)

The players operating in the managed security services market adopt strategies such as mergers, acquisitions, and market initiatives to maintain their positions in the market. A few developments by key managed security services market players are listed below:

In September 2021, ATOS started a bug bounty program in conjunction with Intigrit. This service is aimed to provide clients with vulnerability detection and remediation services. Audit, penetration testing, platform report analysis, vulnerability categorization, monitoring, remediation, and managed detection and response services will be provided by an ATOS consultant.

In August 2021, to update network security, IBM increases its Zero Trust strategy capabilities with new SASE services.

Answers that the report acknowledges:

• Market size and growth rate during forecast period.
• Key factors driving the Market.
• Key market trends cracking up the growth of the Managed Security Services Market
• Challenges to market growth.
• Key vendors of Managed Security Services Managed Security Services Market
• Detailed SWOT analysis.
• Opportunities and threats faces by the existing vendors in Global Managed Security Services Market
• Trending factors influencing the market in the geographical regions.
• Strategic initiatives focusing the leading vendors.
• PEST analysis of the market in the five major region

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Contact Us:

If you have any queries pertaining to the report or would like further information, feel free to reach out to us at-
Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876

ABOUT US:

The Insight Partners is a one stop industry research provider of actionable solutions. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are specialist in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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