Global Managed Cyber Security Services Market Overview:
The global managed cyber security services market is expected to grow at a healthy pace during the forecast period, according to the AMA study. The growing demand for telecom network infrastructure security and the significant rise in malware & phishing activities are expected to be some of the major factors aiding into the growth for the market. However, the market is expected to witness a slight decline in the growth during the next few years but it is again expected to rise with a healthy pace after the COVID-19 pandemic is over. Some of the key players profiled in the study are Cisco Systems Inc (United States), AWS (United States), IBM (United States), Oracle (United States), Microsoft (United States), Micro Focus (United States), RSA (United States), Proofpoint Inc (United States) and Imperva Inc (United States).
On the basis of geography, the market of Managed Cyber 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 Industry Verticals, the sub-segment i.e. BFSI will boost the Managed Cyber Security Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Security, the sub-segment i.e. Network Security will boost the Managed Cyber Security Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. SMEs will boost the Managed Cyber Security Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Growing Demand for Telecom Network Infrastructure Security
- Growing Demand for Safeguarding Computers, Programs, Networks, and Data from Unlicensed or Spontaneous Access
- Rise in Malware & Phishing Threats
- Growing Adoption of IoT & BYOD Trend Among Organisations
- The Outbreak of COVID-19 Pandemic is one of the Major Restraints for the Market as Most of the Industries have been Facing Economic Crisis Across the World
- Growing Demand for Cloud-Based Security Services is Expected to Create Huge Opportunity
- Cyber Attacks in Cloud-based Operations
Major Market Developments:
In November 2019, Cyber Security Cloud Inc.announced that it has released a new set of managed rules for AWS WAF making it possible to quickly start protecting web applications and web API.
Regulations Regarding Data Theft & Security
The vendors in this market are majorly focusing on developing innovative products and solutions in order to cater to the market's demands to remain competitive in the global market. According to the recent global industry crisis due to outbreak of COVID-19 is expected to be one of the major challenges for the vendors of this market as the production and markets of different industries have been shut down for an ambiguous period of time.
Major Objectives Focused through this Study
To define, describe, and forecast the Global Managed Cyber Security Services market on the basis of product  , application [Threat Detection & Alerts, Staff Augmentation, Network Architecture Maintenance, Security information and event management and Others], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Managed Cyber Security Services market with respect to major geographies, namely, 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)
To strategically profile the key players and analyzing their market shares and core competencies in the Managed Cyber Security Services industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Players which are also part of the research are .
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Managed Cyber Security Services market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.