Managed security services market in APAC region is expected to grow with the highest CAGR 19.8% across all region

ReportsWeb.com added “Managed Security Services Market - Global Trends, 2017 Analysis and 2025 Forecasts” report to its research database. This Report is spread across 150 Pages and Supported by 10 Company Leaders.

The APAC managed security services market is projected to grow at a CAGR of 19.8% during the forecast period 2017-2025, to reach US$ 17,014.2 Mn by 2025.

North America with the most advanced software and IT services organizations in the world contributes the largest market share in the global managed security services market. APAC with large number of emerging countries along with increasing numbers of smart cities and high FDI, is growing with the highest growth rate. Europe market stood at the second largest market for managed security services owing to increasing number of cross-border transactions. However, Middle East & Africa and South America market is still in the nascent stage of the market.

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Owing to several developing countries in the APAC region coupled with the rapidly increasing demand for digitalization and significant investments and initiatives made by the governments of various economies for secure infrastructure development, the demand for managed security services is expected to increase in the APAC region. The public as well as private sector in China, Singapore, India, and Southeast Asian countries are adopting cyber security solutions and services for developing threat proof resilient IT infrastructure in the region. According to The World Economic Forum Global Risks Report 2017, the risk of cyber threats is growing in APAC region, citing cyber threats and cyber terrorism as one of the major threats of doing business in the region. Also, the SMEs in APAC region is stands for 97% of the total enterprises.

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Global Managed Security Services Market Players:

1. AT&T Inc.

2. IBM Corporation

3. Dell SecureWorks Inc.

4. Trustwave Holdings

5. Verizon Communications

6. Symantec Corporation

7. Hewlett Packard Enterprise Development LP

8. NTT Security

9. CenturyLink, Inc.

10. BT Group plc
 

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