A new report published by MarketIntelReports, titled, Managed Security Services Market – Global Opportunity Analysis and Industry Forecast, 2014 – 2022” by Deployment Mode, Organization Size, Application, and Vertical – Global Opportunity Analysis and Industry Forecast, 2014 – 2022, projects that the global managed security services market would reach $40,972 million by 2022, growing at a CAGR of 16.6% from 2016 to 2022. North America is expected be the largest market for managed security services during the forecast period owing to the growing awareness about the information security among businesses.
According to Bhawna Kohli, Manager Research at MIR, executives across the globe are concerned about data security as this is directly linked to their brand reputation. Increasing rate of cybercrime activities, growing adoption of mobile devices to access corporate network, and rising importance of e-business have led to the development of effective security infrastructure with managed security services.
The managed security services market focuses on various applications which include managed IPS/IDS, DDoS, UTM, firewall management, endpoint security, and others. IPS/IDS constitute the highest market share as they provide protection to any sized networks. The combined package of IDS and IPS solution provides features of both the solutions in a single package. Nonetheless, Endpoint security application is witnessing growth with the rise in application of mobile devices to access corporate network.
Generally, managed security services are delivered in two basic models on-premise or customers premise equipment and cloud-based managed security service model. The on-premise or customers premise equipment, presently, constitutes the highest market share and is preferred in cases when organization/companies are concerned about security of sensitive information over cloud. However, hosted/cloud- based managed security service model is anticipated to gain prominence over the forecast period.
Based on organization size, the report covers businesses under two main groups such as large businesses and small- & medium-sized businesses. Financial and crucial data loss incurred due to data theft and network damage affects both large businesses as well as small- & medium-sized businesses. Thus, small- & medium-sized businesses also have a significant share in revenue generation. In 2015, large businesses contributed around 51% of the total market revenue, while, small- & medium-sized businesses contributed the remaining share.
North America would lead the market throughout the analysis period. However, the Asia-Pacific region would witness the highest CAGR of 20.3% during the forecast period. A growth in security awareness and emphasis to maintain the brand image would contribute to the increasing demand for managed security services from various industry verticals.
Get Sample Brochure of the Report @ http://www.marketintelreports.com/pdfdownload.php?id=allied0132
Key findings of Managed Security Market:
- Endpoint security market is expected to exhibit a remarkable growth during the forecast period.
- Presently, On-premise or Customer Premise Equipment (CPE) deployment mode dominates the market. However, cloud-based model would surpass the on-premise deployment mode by 2016.
- The Asia-Pacific region is expected to exhibit a promising growth owing to increasing rate of adoption in the region.
- Industry participants focus on introducing new products with innovations to strengthen their market share.
MANAGED SECURITY SERVICES MARKET KEY SEGMENTS
The market is segmented based on deployment mode, organization size, application, verticals, and geography.
By Deployment Mode
- Hosted or cloud-based MSS
- On-premise or customer-premise equipment (CPE) MSS
- Organization Size
- Small- & medium-sized businesses
- Large businesses
- Managed IPS and IDS
- Distributed Denial of Services (DDoS)
- Unified threat management (UTM)
- Secured information & event management (SIEM)
- Firewall management
- Endpoint Security
- Banking Financial Services & Insurance (BFSI)
- Telecom & IT
- North America
The managed security services market comprises dominant players such as IBM Corp., HP, Dell SecureWorks, Cisco Systems Inc., Symantec, AT&T, BT Group, Verizon, and others. These market players primarily focus on the development of new security features, launch of innovative products with exceptional variations, and adoption of R&D and acquisition as their key strategies to establish their position in the market.
Access Global Managed Security Services Market Research Report @ http://www.marketintelreports.com/purchase.php?id=allied0132