Global Managed Security Service Market Expected to Reach XX Million by 2025
According to a new report published by Reports Monitor titled, “Managed Security Service Market by Type, Property & Applications: Global Opportunity Analysis and Industry Forecast, 2017–2025,” the Managed Security Service Market was valued at XX million in 2016 and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025. North America is considered to be the major region for this market, owing to the stringent regulations pertaining to information security, the number of managed security service providers are increasing in this region.
Managed Security Services (MSS) is referred as network security that have been outsourced to a service provider to protect breaching of the network security and secure information from the treat of cyber-attacks. The service providers provide outsourced monitoring and management of security devices and systems along with managing firewall, intrusion detection, virtual private network, vulnerability scanning, anti-viral services and train organization people to maintain acceptable security standards.
The major driving factors for the growth of market includes stringent government regulations, growing sophistication levels of cyber-attacks, increasing BYOD trend among enterprises, and cost effectiveness in implementing services. Due to well developed technology and advancement in infrastructure is propelling the growth of the market. However, increasing number of security attacks and malicious practices by organized cybercriminal groups is creating concerns among the enterprises. Additionally, growing complexities in network infrastructure are proving to be major hindering factor in data security management.
Based on the segmentation, the market is bifurcated into deployment mode, organization size, application, end-user, and region.
Based on deployment mode segment, the market is split into cloud and on-premises.
Based on the organization size, the market is categorized into small- & medium-sized businesses and large businesses.
According to the application, the market is bifurcated into managed IPS and IDS, Distributed Denial of Services (DDoS), Unified threat management (UTM), Secured information & event management (SIEM), firewall management, endpoint security, and others.
On the basis end-user segment, the market is classified into Banking Financial Services & Insurance (BFSI), healthcare, manufacturing, retail, and others.
Key Question Answered: •What will be the market size in 2025 and at what rate it will grow? •Who are the major key players in global managed security service market and what are their strategies? •Which vertical industry is expected to show major growth? •What segment and region will lead the market and why?
The major companies profiled in the report include: IBM, HP, Cisco Systems Inc., Dell SecureWorks, AT&T, Computer Science Corp., Symantec Corp., Fortinet Inc., Check Point Software Technologies Ltd., and BT Group.
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