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Global managed security services market value to reach USD 56.4 billion by 2024 according to new research report

Industrial Market Research

The Global Managed Security Market was valued at $16.6 billion in 2016, and is projected to reach $56.4 billion by 2024, having a CAGR of 16.6% during the forecast period of 2017 to 2024.

Managed security services can be defined as an outsourced network and data security services which helps the organizations to maintain the data secure effectively and enable the organizations to focus on core functions. The emergence of advanced and sophisticated attacks arising from cyber criminals has propelled the organizations to prioritize the data security functions.

Factors such as growth of mobile devices, increased mobile workforce and increased number of organized cyber activities have fueled the adoption of managed security services.

Browse details of 151 pages research report developed on Global Managed Security Services Market at…t-2024/1804057967 Make an Inquiry about this news

Market Determinants

Growing volumes of data on account of increased IoT adoption and increased mobile device usage among corporate employees have mainly fueled the demand of managed security services across the world.