Global Managed Security Services Market to Reach US$24,127 Mn due to Emergence of Cloud-based Managed Security Services

Managed security services are network security services which are outsourced to perform various functions including management of intrusion detection systems and firewalls and round-the-clock monitoring. Due to rising frequency and complexity of attacks, most organizations are increasingly deploying add-on solutions and modules to their existing network security solutions, which in turn increase the complexity of security networks. Hence, organizations are outsourcing their network security to managed security services providers (MSSPs) who have proficiency (in terms of skilled workforce and dedicated tools and systems) in managing complicated security networks. MSSPs offer various types of security services such as network boundary protection, intrusion detection and prevention for networks and hosts, event log management and alerting, anti-virus and web content filtering services, patch management and security software management, data leak prevention, secure messaging, and information security consulting services, among others.

The report includes segmentation of managed security services by industry vertical, applications, mode of delivery and geography. Further, it provides current and forecast market size by revenue for the aforementioned categories. Cross sectional analysis for industry vertical, application, mode of delivery and geography segments is also a part of the scope. Factors influencing and inhibiting growth of the market have been analyzed.

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The market overview section of the report demonstrates the market dynamics such as drivers, restraints and opportunities that influence the current status and future status of the market. Impact factors such as Porter’s five forces analysis have also been explained in the market overview section of the report, in order to give a thorough analysis of overall competitive scenario in global managed security services market.

The report includes segmentation of managed security services by industry vertical, applications, mode of delivery, and geography. Different industry using managed security services includes government utilities, banking, financial services and insurance, manufacturing, telecom and IT retail, healthcare and others (education, research and development, and hospitality). The market revenue and forecast for each industry has been provided for the period 2011-2019 in terms of USD million, along with the CAGR for the forecast period 2013 to 2019.

Managed security has widespread applications across different industry verticals. Some of the applications of managed security services include network security, access control, business continuity, compliance, confidentiality, risk assessment among others. A detailed market analysis and forecast for these types of applications has been provided in the study, in terms of market revenue in USD million for the period 2011 to 2019. The market revenue has been forecast for the period 2013 to 2019, considering 2012 as the base year.

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Different mode of delivery used in managed security services includes customer premises equipment (CPE) based, hosted or clod based and hybrid. In terms of geographical distribution, the global managed security services market has been classified into four regions namely, North America, Europe, Asia-Pacific and Rest of the World (RoW). This section includes market revenue (2011-2019) and forecast (2013-2019) for end-use industry and size of enterprise in each regional market, in terms of USD million. The study further offers recommendations and highlights of the market, which would be useful for the present and new market players to sustain and grow in the global managed security services.

The report concludes with the company profile sections which include key information about the major players in the market. Some of the key players profiled in this report include International Business Machines Corporation (IBM), AT&T Inc., Trustwave Holdings, Inc., Dell SecureWorks, Inc., Fujitsu Ltd., Symantec Corporation, Hewlett-Packard Company (HP), and EMC Corporation, among others. This study includes the strategies adopted by these key players to sustain competition. Recent developments by the companies and barriers of the market will help emerging players design their strategies in an effective manner. The study is expected to help key players of the managed security services in formulating and developing their strategies.

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