This report studies the global Managed Security Services market, analyzes and researches the Managed Security Services development status and forecast in United States, EU, Japan, China, India and Southeast Asia.
The managed security service market size is estimated to grow from USD 17.02 Billion in 2016 to USD 33.68 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 14.6% during the forecast period.
The major forces driving this market are theft to intellectual property, proliferation of mobile devices, and increase in the mobile workforce. With an increase in the adoption rates of managed security services among Small and Medium Enterprises (SMEs), the managed security service market is expected to gain the major traction during the forecast period.
“Rapid adoption of managed security service due to a strong and well-established economy makes North America the largest market in terms of global share”
The North American region consists of developed economies that have a deep-rooted infrastructure, thus favoring the huge demand in managed security service market.
The SMEs segment is expected to grow at the highest CAGR in the managed security service market during the forecast period. Budgetary constraints coupled with need of advanced security solutions are the major factor responsible for SMEs to grow at the highest CAGR during the forecast period .
Hence, security issues might be more problematic for SMEs than large enterprises. Threats such as viruses, malware, and phishing attacks might plague SMEs.
The major vendors in the managed security service market include IBM Corporation (U.S.), Hewlett Packard Enterprise Company (U.S.), Verizon Communications, Inc. (U.S.), AT&T, Inc. (U.S.), Symantec Corporation (U.S.), Fortinet, Inc.
(U.S.), Solutionary, Inc. (U.S.), SecureWorks, Inc. (U.S.), CSC (U.S.), CenturyLink, Inc.
(U.S.), Trustwave Holdings, Inc. (U.S.), and Rapid7, Inc. (U.S.).
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