Managed Security Services Market Size and Growth Rate:
The Global Managed Security Services Market
Size is valued USD 18.08 billion in 2016
is anticipated to grow USD 63.01 billion by 2025 with the compounded annual
growth of 14.88% over the forecast period 2018-2025.
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Managed Security Services Market
Overview:
A managed
security service or MSS is considered a systematic approach to manage the
security requirements of an organization. This is necessary to improve security
against security breaches and cyber attacks. Sent to internal and subcontracted
service providers, this security service oversees the networks and security of
the information system of other companies.
The Global
Managed Security Services Market (MSS) refers to the ability to monitor and
manage remotely computer security functions from third-party service providers
to effectively protect critical data from your organization. The challenges of
information security are becoming increasingly complex with business growth in
terms of size, structure and use of social media, cloud services, large data
and various computer devices. Increasing security attacks and malicious behavior
of organized cybercrime groups are concerned about organizations. Managed
security service providers in the form of affordable, reliable and effective
security solutions, help clients/customers protect confidential information and
protect their businesses. These services constitute an important part of the
market scale of managed security. The adoption of BYOD in the workplace
increases the increase in productivity allowing employees to access corporate
data through personal devices.
The lack
of capital resources and the experienced IT personnel make the organization in
a management of the security of subcontracting. In addition, data security
compliance requirements allow organizations to outsource data security tasks.
However, the reluctance to share sensitive data and a variety of customer
requirements related to security packages are an important challenge for the
market for managed security services. In addition, as the complexity of network
infrastructure grows, it becomes an important obstacle to data security
management. In these scenarios, the outsourcing of security tasks to managed
security service providers has become an advantage for organizations. However,
endpoint security applications are seeing increasing as applications on mobile
devices increase to access corporate networks.
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Managed Security Services Market
Growth Drivers and Restraints:
With the
increase in cybercrime, the demand for MSS in North America, Europe,
Asia-Pacific and LAMEA has increased. The number of security service providers
managed in North America is increasing to meet the strict information security
rules. In addition, the highly competitive market is Europe, which shows all
signs of advanced markets. In addition, the complexity of cyber-attacks
continues to increase, maintaining the environment of the stable MSS provider.
The adoption of MSS has increased significantly to prevent cyber attacks from
growing in the AsiaPacific markets. The analysis of great data is fundamental
for the growth of the world market.
Keyplayers of the Managed
Security Services Market:
Among the
main competitors in the industry are Dell SecureWorks Inc., IBM Corporation,
Symantec Corporation, Verizon Communications Inc. I Trustwave Holdings.
Companies are increasing their market position by focusing on mergers and
acquisitions. For example, BAE Systems acquired SilverSky to improve its
business cybernetic security business strategy.
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