The global managed security services market is expected to reach USD 60.94 billion by 2024, according to a new report by Grand View Research, Inc. The proliferation of advanced threats is expected to increase the adoption of managed security services over the forecast period.
Growing usage of cloud storage systems among organizations is driving the demand for cloud-based security services. Moreover, regulatory compliances in several countries to protect loss of information are enabling enterprises to deploy security services. For instance, in 2014, Russia announced the adoption of new regulations for the collection and storage of information only on the Russian territory effective from September 2016.
Managed security services are expected to grow at a robust pace owing to the fast emerging BYOD trend, increasing cybercrime activities and growing concerns for malicious malware attacks. Owing to the increasing consumer privacy regulations such as Personal Protection Act and Consumer Protection Regulations, various sectors such as BFSI and telecom are increasingly adopting these services.
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summary of this report @ http://www.grandviewresearch.com/industry-analysis/managed-security-services-market
Further key findings from the report suggest:
·
The managed endpoint threat protection is
expected to remain the largest segment owing to the growing BYOD trends among
organizations and the need to mitigate the growing malware threats
·
Cloud-based managed security services are
expected to be the fastest growing segment owing to the rising number of remote
workforce. Moreover, organizations are shifting from on-premise to cloud-based
services to reduce the expenditure in managing these services.
·
Telecom & IT is expected to grow at a CAGR
of over 16.5% owing to the increasing need to protect and maintain customer
privacy. Compliance with regulatory and legal requirements is critical for
telecom operators to sustain their operations.
·
The North America managed security services
industry is anticipated to remain the largest over the forecast period. The
continuous increase in computer hacking is leading to greater adoption of these
services in the region.
·
Asia Pacific is expected to be the
fastest-growing region, growing at a CAGR of over 19% from 2016 to 2024. Owing
to the rising number of complex cyber threats, companies in the region are
outsourcing network infrastructure security.
·
Key players in the managed security services
market include Dell SecureWorks Inc., IBM Corporation, Symantec Corporation and
Verizon Communications Inc. Companies are focusing on providing fully
integrated security solutions to develop technologies in the security space.
Read detailed report or request for sample of this research report: - http://www.grandviewresearch.com/industry-analysis/managed-security-services-market/request
Grand View Research has segmented
the managed security services market on the basis of type, deployment,
organization, application and region:
Managed Security Services Type
Outlook (Revenue, USD Million, 2014 – 2024)
- Unified threat management
- DDoS
- Managed SIEM
- Managed endpoint threat protection
- Managed two-factor authentication
- Compliance management
- Vulnerability management
- Others
Managed Security Services Deployment
Outlook (Revenue, USD Million, 2014 – 2024)
- Cloud-based
- On-premise
Managed Security Services
Organization Outlook (Revenue, USD Million, 2014 – 2024)
- Small and medium enterprises
- Large enterprises
Managed Security Services
Application Outlook (Revenue, USD Million, 2014 – 2024)
- BFSI
- Government/Defense
- Healthcare
- Manufacturing
- Telecom & IT
- Retail
- Others
Managed Security Services Regional
Outlook (Revenue, USD Million, 2014 – 2024)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Asia Pacific
- China
- India
- Japan
- Latin America
- Brazil
- Mexico
- MEA
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more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/network-security-software-and-services
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