About Managed Security Services
Managed security services are the ones which are outsourced to service provider. This company is called managed security service provider. It provides services for monitoring and management of security devices as well as systems. These services includes managed firewall, intrusion detection, virtual private network and others. Managed security service provider offers technologies such as intrusion prevention system, web content filtering, identity access management, privileged access management, Vulnerability scanning and others
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The global Managed Security Services market is software witnessing a rise in competitiveness among the companies. In terms of market share, these major players currently dominate the market. However, with increasing innovations in technology, many of the companies are increasing their market presence by securing new contracts and by tapping new markets. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Managed Security Services market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
IBM (United States), SecureWorks (United States), Symantec (United States), Fujitsu (Japan), Wipro (India), HCL (India), AT&T (United States), Atos (France), BAE Systems (United Kingdom) and BT (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are DXC (United States), Fortinet (United States), NTT Security (Japan), Alert Logic (United States), Cipher (United States), Happiest Minds (India), Hitachi Systems Security (United States), Trustwave (United States), Verizon (United States) and CenturyLink (United States).
Segmentation Overview
AMA Research has segmented the market of Global Managed Security Services market by Type (Identity and Access Management, Antivirus/Anti-Malware, Firewall, Risk and Compliance Management, Vulnerability Management, Security Information and Event Management, Intrusion Detection System and Others) and Region.
On the basis of geography, the market of Managed Security Services has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Security type, the sub-segment i.e. Managed Network Security will boost the Managed Security Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment, the sub-segment i.e. On premises will boost the Managed Security Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry vertical, the sub-segment i.e. BFSI will boost the Managed Security Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Organisation size, the sub-segment i.e. SMEs will boost the Managed Security Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Adoption of Managed Security Services among SMEs and Large Enterprises
Market Growth Drivers:
Rising Number of Cyber crimes are Fuelling the Market and Cost Effectiveness of Managed Security Services
Challenges:
Lack of Skilled Professionals for Handling Changing Environment
Restraints:
Strict Government Regulation for Information Security in Some Countries
Opportunities:
Rising Usage of Smartphone in Workplaces is Boosting the Market and Rising Demand of Next Generation Security Solutions
Market Leaders and their expansionary development strategies
In November 2023, Global cybersecurity leader SonicWall has acquired of Solutions Granted, Inc (SGI), a Managed Security Service Provider (MSSP).his strategic move aims to strengthen SonicWall's commitment to its partners and expand its service offerings, including U.S.-based Security Operations Center services (SOCaaS), Managed Detection and Response (MDR), and specialized services for MSPs and MSSPs.
In August 2023, Schneider Electric, the leader in the digital transformation of energy management and industrial automation, has launched a Managed Security Services (MSS) offering to help customers in operational technology (OT) environments address the increased cyber risk associated with the demand for remote access and connectivity technologies.
Key Target Audience
Manufacturers, Raw Material Suppliers, Distributors and Traders, Research Organisations, Government Agencies and Organisations
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.