Global Managed Security Services Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

MarketResearch.biz, in its upcoming report titled, “Global Managed Security Services Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027”, offers in-depth insights, revenue details, and other vital information regarding the global managed security services market and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report also offers insightful and detailed information regarding the various key players operating in the global managed security services market, and their financials, apart from strategies, acquisitions & mergers, and market footprint. The global market report has been segmented on the basis of application, deployment type, industry type, and region. The global managed security services market was valued at US$ X billion in 2017, and is expected to reach US$ XX.X billion at a high double-digit CAGR of XX% over the forecast period.

Managed security services (MSS) are network security services that have been outsourced to a service provider. Managed security services are considered the systematic approach to managing an organization's security needs. These services provide skilled resources, network infrastructure, advanced security solutions, 24×7 support and monitoring, and are cost effective. Functions of managed security service include round-the-clock monitoring and firewalls, performing security assessments and security audits, and overseeing patch management and upgrades.

Rise in frequency of cyber security attacks is major factor driving growth of the global managed security services market. Furthermore, increase in use of mobile devices, increasing demand of managed security services from small and medium enterprises, and cost effectiveness are some other factors expected to drive growth of the global managed security services market during forecast period.

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 during forecast period.

North America accounts to largest revenue in the global managed security services market, with projected CAGR of XX.X% during forecast period. This is attributed to growing budgetary constraints coupled with need of advanced security solutions in the region. However, Asia Pacific ranks as a fastest growing market with CAGR XX% over the forecast period.

Global Managed Security Services Market:

Global managed security services market segmentation by application:

• IPS and IDS
• Distribution Denial of Services (DDoS)
• Unified threat management
• Secured information and event management (SIEM)
• Firewall management
• Endpoint security
• Others

Global managed security services market segmentation by deployment type:

• On - Premises
• Cloud – based
• Hybrid

Global managed security services market segmentation by industry type:

• BFSI (Banking, Financial Services and Insurance)
• Healthcare
• Retail
• Manufacturing
• Telecom & IT
• Others

Global managed security services market segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa