PUNE, India, Feb. 07, 2019 (GLOBE NEWSWIRE) -- Managed security services are gaining significant importance in light of several high-profile corporate security breaches in the recent years. Whether an organization wants to expand their security capabilities, or is lacking in the overall security structure, managed security services are a beneficial solution. Most providers have operations across the globe, and their sole focus on the threat landscape implies that they have significant edge over enterprises with a core business function unrelated to security and technology. Hence, employing the services of a managed security service provider allows the enterprise to focus more efficiently on core business activities. The managed security services market was valued at US$ 18.10 billion in 2018 and is expected to show growth in the forecast years. Presently, North American regions accounts for more than 35% of the managed security services market revenue followed by Asia Pacific and Europe. Currently, the on-premises deployment of the services is preferred by the enterprises owing to the highly sensitive nature of the information dealt with. However, the cloud-based services show promising growth opportunity due to the continual disruptive innovations in cloud security.
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“In the managed security services market, the demand for these services in the North American region is higher as compared to the other regions. This is attributed to the presence of a very high number of global companies and early adopters of technology in this region, especially in the U.S. However, several countries in the Asia Pacific region are a promising market. The growing investment of multinational large enterprises (the adoption of managed security services in large enterprises is significantly higher as compared to SMBs), and IT companies in the region offers the global service providers an opportunity in the emerging markets.”
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The detailed research study provides qualitative and quantitative analysis of managed security services market. The market has been analyzed from demand as well as supply side. The demand side analysis covers market revenue across regions and further across all the major countries. The supply side analysis covers the major market players and their regional and global presence and strategies. The geographical analysis done emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East, Africa and Latin America.
Some of the players operating in the managed security services market are Accenture, Atos SE, Avancer Corporation, Capital Support Limited, CIPHER Security LLC, Forsythe Solutions Group, Inc., FortConsult A/S, FUJITSU, Hitachi Systems Security Inc., IBM Corporation, Link11 GmbH, NCS PTE LTD., NTT Security, Secure Technology Hawaii, Inc., Tata Communications Ltd., Trustwave Holdings, Inc., Whitehat and WNS (Holdings) Ltd. amongst others.
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Managed Security Services Market:
- By Type of Services:
- Firewall Management
- Identity and Access Management
- Unified Threat Management
- Endpoint Security Services
- Intrusion Detection and Prevention System Management
- Distributed Denial of Service
- Others (Security Information and Event Management, Cloud Security Services, etc.)
- By Deployment mode
- On premise
- Cloud
- Hybrid
- By Organization size
- Large enterprises
- Small and medium scale enterprises
- By End-users
- BFSI
- Educational Institutions
- Government and Defense
- Telecom Sector
- Information Technology Sector
- Healthcare Sector
- Others (Energy and Utilities, Retail, etc.)
- By Geography
- North America
- U.S.
- Canada
- Mexico
- Rest of North America
- Europe
- Spain
- UK
- Italy
- Germany
- France
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- Southeast Asia
- Rest of Asia Pacific
- Middle East & Africa
- GCC Countries
- Southern Africa
- Rest of MEA
- Latin America
- Brazil
- Rest of Latin America
- North America
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