Managed Security Services Market, By Industry Type (BFSI (Banking, Financial Services and Insurance), Healthcare, Retail, Manufacturing, Telecom & IT, and Others), By Deployment Type (On–Premises, Cloud–based, and Hybrid), By Application (IPS and IDS, Distribution Denial of Services (DDoS), Unified Threat Management, Secured Information and Event Management (SIEM), Firewall Management, Endpoint Security, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Trends, Analysis, and Forecast till 2030

Report Code: PMI99719 | Publish Date: May 2023 | No. of Pages: 168

Global Managed Security Services Market Overview

Introduction:

Managed security services are network services with a systematic approach to manage organization’s security needs which are generally outsourced to a service provider or in house. The managed security services provide positive monitoring of the customer’s security environment and also provide security against DDOS attacks, email viruses, firewalls and intrusion detection and prevention service. These services provide skilled resources, network infrastructure, advanced security solutions, 24×7 support and monitoring, and are cost effective. It provides outsourced monitoring and management of security devices and systems. It delivers network, and focused on providing cybersecurity services. They provide accurate scans across network assets, hosts, web applications, and databases. The Managed Security Services Market accounted for US$ 32.4 billion in 2020 and is estimated to be US$ 77.05 billion by 2030 and is anticipated to register a CAGR of 8.7%.

Global Managed Security Services Market Dynamics

Rising cybersecurity attacks

The major key factor driving growth of the global managed security services market is rise in frequency of cyber security attacks. Additionally, cost effectiveness, continuous security monitoring, and deep and broad security protection are other major benefits propelling growth of the global market. Furthermore, increase in use of mobile devices, increasing demand of managed security services from small and medium enterprises are expected to fuel growth of the global market over the forecast period. Increasing technology gives birth to numerous frauds and scams, which in turns increases the demand for such software’s.

However, lack of backend tool integration, risk of important information getting leaked, and security tools and platforms fail to provide level of scalability hampering growth of the global managed security services market. Also, complex IT infrastructure and chances of failure during implementation are expected to restrain growth of the global managed security services market over the forecast period.

Access Crucial Insights at a Fraction of the Cost | Request Your Discount

Global Managed Security Services Market Segmentation

 

Source: Prophecy Market Insights |Disclaimer: Data is only a representation. Actual data may vary in the final report.

The global managed security services market is segmented based on industry type, deployment type, application, and region.

On the basis of industry type, the global market is segmented into BFSI (Banking, Financial Services and Insurance), healthcare, retail, manufacturing, telecom & IT, and others. Based on deployment type, the target market is bifurcated into on–premises, cloud–based, and hybrid. Based on application, the global market is categorized into IPS and IDS, distribution denial of services (DDoS), unified threat management, secured information and event management (SIEM), firewall management, endpoint security, and others.

Regional Insights:

The global managed security services market accounted for US$ 32.4 billion in 2020 and is estimated to be US$ 77.05 billion by 2030 and is anticipated to register a CAGR of 4.2%. On region the global managed security services market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America region is expected to dominate the global market over the forecast period. This is due to presence of developed countries like United States, Canada and also due to high adoption of managed security solutions to handle the ever-changing rules and regulations. Europe accounts to be second largest market share in the global market and would have steady and positive growth in the global market over the forecast period. Asia-Pacific region is expected to show a positive growth in the global market over the forecast period.

Reduce costs by up to 30% with a custom report tailored to your specific needs | Request Customized Report

Report Scope:

Attribute

Details

Base year for estimation

2020

Forecast period

2020 – 2030

Market representation

Revenue in USD Billion & CAGR from 2020 – 2030

Market Segmentation

By Industry Type – BFSI, Healthcare, Retail, Manufacturing, Telecom & IT and Others

By Deployment Type– On-Premises, Cloud-based, and Hybrid

By Application– IPS and IDS, Distribution Denial of Services (DDoS), United Threat Management, Secured Information and Event Management (SIEM), Firewall Management, Endpoint Security, and Others

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the global managed security services market report based on industry type, deployment type, application, and region.

 


Global Managed Security Services Market, By Region:

      • North America
          • U.S.
          • Canada
      • Europe
          • Germany
          • UK
          • France
          • Russia
          • Italy
          • Rest of Europe
      • Asia Pacific
          • China
          • India
          • Japan
          • South Korea
          • Rest of Asia Pacific
      • Latin America
          • Brazil
          • Mexico
          • Rest of Latin America
      • Middle East & Africa
          • GCC
          • Israel
          • South Africa
          • Rest of Middle East & Africa

Global Managed Security Services Market Key Players

The key players operating in the global managed security services market includes IBM Corp., Verizon Communications, Inc., CenturyLink, Inc., AT&T Wireless, Symantec Corporation, HP Enterprises Company, Fortinet, inc., Solutionary, Inc., SecureWorks Corp., and CSC, Inc.

IBM Corporation:

They have developed the X-Force Protection Platform recommended actions like hash banning or devices quarantine. From a single view, your analysts can authorize a recommended action or request to automate future actions based on existing rules or new rules created by IBM.

Global Managed Security Services Market Company Profile

  • IBM Corp.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Verizon Communications Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Century Link Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • AT & T Wireless
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Symantec Corp.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • HP Enterprises Company
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Fortinet Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Solutionary Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Secure Works Corp.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • CSC Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights

Global Managed Security Services Market Table of Contents

Table of Contents

  1. Research Objective and Assumption
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Application
      • Market Snippet, By End-User
      • Market Snippet, By Region
    • Opportunity Map Analysis
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Market Trends
    • Product Launch
    • Merger and Acquisitions
    • Impact Analysis
    • PEST Analysis
    • Porter’s Analysis
  4. Global Managed Security Services Market, By Application, 2019 – 2029, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 — 2029
      • Y-o-Y Growth Analysis (%), 2019 – 2029
      • Segment Trends
    • Payments
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Clearing and Settlement
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Digital Identity
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Documentation
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
  5. Global Managed Security Services Market, By End-User, 2019 – 2029, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 — 2029
      • Y-o-Y Growth Analysis (%), 2019 – 2029
      • Segment Trends
    • Banking Sector
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Insurance Sector
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Financial Institutes
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Government and Public Sector
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Retail and Ecommerce Sector
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Automotive Sector
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
  6. Global Managed Security Services Market, By Region, 2019 – 2029, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 — 2029
      • Y-o-Y Growth Analysis (%), 2019 – 2029
      • Regional Trends
    • North America
      • Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By End-User, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By End-User, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
        • Germany
        • UK
        • France
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By End-User, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
        • China
        • India
        • Japan
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By End-User, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
        • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By End-User, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
        • GCC
        • Israel
        • South Africa
        • Rest of Middle East
  7. Competitive Landscape
    • Heat Map Analysis
    • Company Profiles
      • IBM Corp.
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
      • Verizon Communications, Inc.
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
      • CenturyLink, Inc.
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
      • AT&T Wireless, Inc.
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
      • Symantec Corporation
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
      • HP Enterprises Company
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
      • Fortinet, Inc.
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
      • Solutionary, Inc.
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
      • SecureWorks Corp.
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
      • CSC, Inc.
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
    • Analyst Views
  8. Section
    • Research Methodology
    • About Us
    • Contact

 

FAQs

The Global Managed Security Services Market report segments the market on the basis of industry type, deployment type, application, and region.

Global Managed Security Services Market is driven by rising frequency of cyber security attacks. Additionally, cost effectiveness, continuous security monitoring, and deep & broad security protection are other major benefits propelling growth of the global managed security services market.

North America region is expected to dominate the global market over the forecast period.

The leading players operating in the Global Managed Security Services Market includes IBM Corp., Verizon Communications, Inc., CenturyLink, Inc., AT&T Wireless, Symantec Corporation, HP Enterprises Company, Fortinet, inc., Solutionary, Inc., SecureWorks Corp., and CSC, Inc.