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
Research Report of Managed Security Services Market @ 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.
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
o U.S.
o Canada
·
Europe
o Germany
o UK
o France
·
Asia
Pacific
o China
o India
o Japan
·
Latin
America
o Brazil
o Mexico
·
MEA
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.