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Managed Security Services Market Know in Detail about the Analysis, Forecasts, and Overview and Market Development
The Insight Partners has added Latest Report on "Managed Security Services Market To 2028". Research Report mainly includes Size, Share, growth Factors, sales, Demand, Revenue, Trade, Forecast and Global companies Analysis. To offer more clarity regarding the industry, the report takes a closer look at the current status of various factors including but not limited to supply chain management, niche markets, distribution channel, trade, supply, and demand and production capability across different countries.The managed security services market is expected to grow from US$ 24.13 billion in 2022 to US$ 50.07 billion by 2028; it is anticipated to grow at a CAGR of 12.9% from 2022 to 2028.
Information and data have become the two most important pillars for any business in the current times. Security of the same has also become the topmost priority for enterprises. This is increasing the demand for solutions such as threat management, vulnerability management, log management, security information & event management (SIEM), and compliance management. Intrusion detection systems (IDS) and intrusion prevention systems are two of the most important tools in information security. For the effective layer of security, these two devices need to be tuned in to the network they are monitoring. Keeping these devices integrated and synced with each other prevents the team from chasing many alerts that are false positives, and improved insights that help in taking the right and immediate actions against threats. Firewalls look only at the data traffic alone, while IDS/IPS system looks at the content within the traffic. When consistently tuned, the system can generate many alerts that should be monitored to ensure they are escalated and investigated further if required or dismissed in the case of false alarms. These advanced solutions are being deployed across enterprises for ensuring the timely detection of threats, thereby contributing to the global managed security services market growth.
Download Sample PDF Copy of Managed Security Services Market study at: https://www.theinsightpartners.com/sample/TIPTE100000665/?utm_source=OpenPR&utm_medium=10365
Some of the Prominent/Emerging Players in Managed Security Services Market:
AT&T Inc, IBM Corporation, Dell Secureworks Inc, Trustwave Holdings Inc, Verizon Communications Inc.
Key Questions regarding Current Managed Security Services Market Landscape
• What are the current options for Managed Security Services Market?
• How many companies are developing for the Managed Security Services Market?
• What are the key collaborations (Industry-Industry, Industry-Academia), Mergers and acquisitions, and significant licensing activities that will impact the Managed Security Services market?
• Which are the dormant and discontinued products and the reasons for the same?
• What is the unmet need for current Managed Security Services Market?
• What are the current novel therapies, targets, mechanisms of action, and technologies developed to overcome the limitation of existing Managed Security Services?
• What are the critical designations that have been granted for Managed Security Services Market?
Market Insights - Managed Security Services Market
Deployment Type-Based Insights
Based on deployment type, the managed security services market is segmented into hosted managed security services (MSS) and customer premises equipment (CPE) MSS. The hosted MSS segment accounted for a larger share of the global managed security services market in 2021. The demand for the cloud is growing tremendously for storage applications among businesses. Over the years, enterprises have increased their deployment of the cloud via third-party cloud service providers (CSPs) to manage applications and data within their infrastructure. Moreover, key players in the market are providing built-in security tools that help in protecting business-critical data. Individuals and businesses are attracted to cloud infrastructures as they provide service scalability and further ease the management workload for in-house IT staff. Thus, the increasing adoption of cloud infrastructure is also influencing the demand for advanced hosted security solutions to offer easy access to various specialized tools such as SIEM, IAM, and security intelligence through network forensics, cloud security, and endpoint management. These factors are contributing to the growth of the hosted MSS segment in the global managed security services market.
Players operating in the managed security services market are mainly focused on developing advanced and efficient products.
• In August 2022, Microsoft Corporation announced its new solutions for threat intelligence and attack surface management.
• In September 2022, Checkpoint Software launched its new security operation solutions and service suite for improved security across networks, cloud, and endpoints to combat cyberattacks.
REGIONAL FRAMEWORK
From the regional perspective, North America held the largest share of the global managed security services market in 2021. The region has a huge presence of companies from different industries. According to the Federal Bureau of Investigation, over the years, these companies have experienced a rise in cyberattacks leading to a loss of ~US$ 6.9 billion each time. These factors have increased the demand for advanced security solutions to ensure the safety of internal business data and other important documents. Moreover, the adoption of the cloud is high across the region. These factors are driving the North America managed security services market size.
The managed security services market is segmented into five major regions-North America, Europe, Asia Pacific (APAC), Middle East & Africa, and South America. In 2021, North America led the market with a substantial revenue share, followed by Europe. Further, Asia Pacific is expected to register the highest CAGR in the managed security services market from 2022 to 2028.
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Reasons to Buy:
1. The nature of Managed Security Services business opportunities has grown in complexity with the industry evolving at a greater pace, making it increasingly difficult going without adequate information on markets and companies.
2. Gain a complete understanding of Global Managed Security Services industry through the comprehensive analysis
3. Evaluate the pros and cons of investing/operating in country level Managed Security Services markets through reliable forecast model results
4. Identify potential investment/contract/expansion opportunities
5. Drive your strategies in the right direction by understanding the impact of latest trends, market forecasts on your Managed Security Services business
6. Beat your competition through information on their operations, strategies and new projects
7. Recent insights on the Managed Security Services market will help users operating in the market to initiate transformational growth
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Email: sales@theinsightpartners.com
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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense, Food & beverage, Chemical and Materials, Semiconductors etc.
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