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.
Access
Full Research Report by Grand View Research: http://www.grandviewresearch.com/industry-analysis/managed-security-services-market
Further
key findings from the study 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.
Browse more reports of this category
by Grand View Research: http://www.grandviewresearch.com/industry/network-security-software-and-services
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
Access press release by Grand View
Research: http://www.grandviewresearch.com/press-release/global-managed-security-services-market
About Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
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