Managed Security Services Market Size 2021: Important Development, Industry Share and Growth Forecast to 2024

Managed Security Services

The “Managed Security Services Market” Report provides a thorough examination of the market. The Managed Security Services Market research investigates how firms in the Managed Security Services Market are reacting to changing market conditions by examining major industry strategies. The report covers current top players are recognised and rated based on their market shares. It also includes data on leading manufacturers, market segmentation by types, applications, and geographic regions. Market capacity, production, consumption, sales, and revenue are all discussed in this Managed Security Services market report.

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Competitor Analysis:

Managed Security Services market covers the vision of competitor analysis by product types, market share, applications, sales and revenue. It covers the top key players like –

  • Verizon Communications
  • IBM Corporation
  • Symantec Corporation
  • At&T
  • Secureworks, Inc.
  • Cisco Systems, Inc.
  • Ericsson
  • Trustwave Holdings Inc.
  • Accenture Plc
  • HP Enterprise
  • Computer Sciences Corporation

    Market Overview:

  • The managed security services market is expected to witness a CAGR of 15.2% over the forecast period 2019 – 2024.
  • – There are some threats which are not currently active, but pose a threat to the enterprise. Threat intelligence includes building a strong front gate against the attacker in the entire network chain. It also provides information and context about attack methodologies, such as the tools used to obscure a break in, how an attack hides inside network traffic or evades detection, the kind of data being stolen or malware being planted, and how an attack communicates back to its controller.
  • – Organizations are putting their reputation at risk by not addressing security awareness. In a Cisco conducted survey of 2000 respondents, 9% said that they do not have any dedicated cybersecurity professionals at their organizations,

    Key Market Trends:

    Intrusion Detection and Prevention to Dominate the Market

    – An Intrusion Detection and Prevention Software (IDPS) monitors network traffic for signs of a possible attack. When it detects potentially dangerous activity, it takes action to stop the attack. Often this takes the form of dropping malicious packets, blocking network traffic or resetting connections. The IDPS also usually sends an alert to security administrators about the potential malicious activity.
    – The two main contributors to the successful deployment and operation of an IDS or IPS are the deployed signatures and the network traffic that flows through it.
    – According to Insider Threat 2018 report, most insider exploits are detected through IDPS. This indicates the popularity of IDPS and why majority of the vendors are offering this service.

    Asia-Pacific to Witness the Highest Growth

    – Asia Pacific is a region where great strides are being made in digital transformation.
    – Although it has opened up greater avenues for growth and development, it provides more opportunities for threats to get through and risks for businesses and individuals. Along with this, attackers are getting increasingly sophisticated and are employing cutting-edge techniques to breach organizations.
    – According to Cisco, in the APAC region, companies receive 6 threats every minute but only 50% of alerts are being investigated.
    – Cyber attacks are having far-reaching ramifications that include financial and reputational losses to companies. In Southeast Asia, 51% of all cyber attacks resulted
    in a loss of more than USD 1 million.

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    Scope of the Report:

    Managed security services (MSS) are provided by managed security service providers (MSSPs) to manage and monitor the security aspects of their customers’ IT infrastructure. These services often enable the client organizations to reduce expenditure on either customer-premises equipment (CPE) or in-house security specialists while receiving effective security management.

    Highlighted points of Managed Security Services Market Report:

    • Varying dynamics of the Managed Security Services industry.
    • Prospective changes in sales volumes and worldwide share growth in upcoming years
    • Managed Security Services market report recognizes the key drivers of growth and challenges of the key industry players.
    • Competitors profiles along with product description, overview, and business data.
    • Complete analysis of market risks, opportunities, limitations, and growth of the market.
    • Market driving and restraining factors.
    • Delivers information on the historical and current market size and the future potential of the market.
    • Managed Security Services market report provides comprehensive analysis of the market with respect to market dynamics, competitive analysis, and upcoming trends of market.

    Key Benefits of this Managed Security Services Market report:

    • The Managed Security Services market report provides a comprehensive analysis of the current trends and future estimations in the world mining equipment market to identify the potential investment pockets.
    • The Managed Security Services market report presents information regarding key drivers, restraints, and opportunities with a detailed impact analysis.
    • Quantitative analysis of the current trends and forecasts to 2024 is provided to showcase the financial competency of the Managed Security Services market.
    • Porter’s Five Force model of the industry and SWOT analysis illustrate the potency of the buyers & suppliers.
    • Value chain analysis provides a clear understanding of the roles of stakeholders involved.

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    Detailed TOC of Managed Security Services Market Report:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Introduction to Market Drivers and Restraints
    4.3 Market Drivers
    4.3.1 Need for Threat Intelligence at an Early Stage is Driving the Market Growth
    4.4 Market Restraints
    4.4.1 Unawareness of Security Services is Discouraging the Market Expansion
    4.5 Industry Attractiveness – Porter’s Five Force Analysis
    4.5.1 Threat of New Entrants
    4.5.2 Bargaining Power of Buyers/Consumers
    4.5.3 Bargaining Power of Suppliers
    4.5.4 Threat of Substitute Products
    4.5.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 By Deployment Type
    5.1.1 On-Premise
    5.1.2 Cloud
    5.2 By Solution Type
    5.2.1 Intrusion Detection and Prevention
    5.2.2 Threat Prevention
    5.2.3 Distributed Denial of Services
    5.2.4 Firewall Management
    5.2.5 End-Point Security
    5.2.6 Risk Assesment
    5.3 By Managed Security Service Provider
    5.3.1 IT Service Providers
    5.3.2 Managed Security Specialist
    5.3.3 Telecom Service Provider
    5.4 By End-user Vertical
    5.4.1 BFSI
    5.4.2 Government & Defense
    5.4.3 Retail
    5.4.4 Manufacturing
    5.4.5 Healthcare & Life Sciences
    5.4.6 IT & Telecom
    5.5 Geography
    5.5.1 North America
    5.5.2 Europe
    5.5.3 Asia-Pacific
    5.5.4 Latin America
    5.5.5 Middle East & Africa

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 Verizon Communications
    6.1.2 IBM Corporation
    6.1.3 Symantec Corporation
    6.1.4 At&T
    6.1.5 Secureworks, Inc.
    6.1.6 Cisco Systems, Inc.
    6.1.7 Ericsson
    6.1.8 Trustwave Holdings Inc.
    6.1.9 Accenture Plc
    6.1.10 HP Enterprise
    6.1.11 Computer Sciences Corporation

    7 INVESTMENT ANALYSIS

    8 MARKET OPPORTUNITIES AND FUTURE TRENDS

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