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Managed Security Services Market 2023 - Emerging Trends, Key Drivers, Major Players, Share And Forecast To 2032
Managed Security Services Market Analysis
Managed Security Services Market Size, Growth Rate, And Forecast
The global managed security services market size grew from $26.51 billion in 2022 to $31.39 billion in 2023 at a compound annual growth rate (CAGR) of 18.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The managed security services market size is expected to grow to $55.52 billion in 2027 at a CAGR of 15.3%.
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Managed Security Services Market Drivers
The rising instances of security breaches are expected to propel the growth of managed security services market going forward. Security breach refers to any incident that results in unauthorized access to computer data, applications, networks, or devices. Managed security services monitor and manage security systems and devices, as a result rising instances of security breaches will increase the demand for managed security services market.
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Managed Security Services Market Segments
1) By Type: Network Security, Terminal Security, Application Security, Cloud Security
2) By Deployment Type: On-Premise, Cloud
3) By Organization Size: Large Enterprises, Small and Medium-sized Enterprises (SMEs)
4) By Application: Intrusion Detection and Prevention, Threat Prevention, Distributed Denial of Services, Firewall Management, End-Point Security, Risk Assesme
5) By End User: BFSI, Government and Defense, Retail, Manufacturing, Healthcare and Life Sciences, IT and Telecom, Other End Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the managed security services market.
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Managed Security Services Market Key Players
Major competitors in the managed security services market include International Business Machines Corporation, Cisco Systems Inc., Nippon Telegraph and Telephone Corporation, Secureworks Inc., BT Managed Security Solutions, Check Point Software Technologies Ltd., Wipro Limited.
The Business Research Company's "Global Managed Security Services Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Managed Security Services Market Include:
1. Executive Summary
2. Managed Security Services Market Characteristics
3. Managed Security Services Market Trends And Strategies
4. Managed Security Services Market - Macro Economic Scenario
5. Managed Security Services Market Size And Growth
........
26. Africa Managed Security Services Market
27. Managed Security Services Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Managed Security Services Market
29. Managed Security Services Market Future Outlook and Potential Analysis
30. Appendix
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