What is Managed Security Services Market?
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
The market study is being classified 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 major geographies with country level break-up.
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 profiled in the study. Additionally, the Players which are also part of the research 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).
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. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Managed Security Services market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Managed Security Services market by Type, Application 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Rising Number of Cyber crimes are Fuelling the Market
- Cost Effectiveness of Managed Security Services
- Adoption of Managed Security Services among SMEs and Large Enterprises
- Strict Government Regulation for Information Security in Some Countries
- Rising Usage of Smartphone in Workplaces is Boosting the Market
- Rising Demand of Next Generation Security Solutions
- Lack of Skilled Professionals for Handling Changing Environment
Market Leaders and some development strategies
On 1st August 2018, Cisco has completed an acquisition July systems Inc. This company delivers SaaS cloud based middle ware platform.
Key Target AudienceManufacturers, Raw Material Suppliers, Distributors and Traders, Research Organisations, Government Agencies and Organisations