According to report “Managed Security Service Market by Services, Deployment Type (Hosted or Cloud, Hybrid Cloud, and On-Premises), Organization Size (SMES and Enterprises), Vertical, and Region – Global Forecast to 2021″, 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.
Browse 64 market data tables and 50 figures spread through 151 pages and in-depth TOC on “Managed Security Service Market”
Early buyers will receive 10% customization on this report.
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 servicemarket. The managed security servicemarket is expected to rise significantly due to the increasing demand for mobile workforce and proliferation of mobile devices driven by the emergence of digital technologies.
“The BFSI vertical for managed security service is expected to hold the largest market size during the forecast period”
The Banking, Financial Services, and Insurance (BFSI) vertical, has witnessed rapid changes in consumer behavior, where consumers are using bank applications across various platform making the vertical highly susceptible to attacks. Robust security has been the highest priority for the BFSI vertical. Cyber-attacks on the BFSI vertical has been witnessed continually since the past years. For instance, in July 2014, cyberattack on JPMorgan Chase compromised the accounts of 76 million households and seven million small businesses. Furthermore, in the same year, the European Central Bank (ECB) has had its website hacked, with sensitive personal information including email addresses and contact data being stolen.
“The SME segment for managed security service is expected to grow at the highest CAGR during the forecast period”
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.
Request Sample Pages – http://www.marketsandmarkets.com/requestsample.asp?id=5918403
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.).
MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors.
M&M’s flagship competitive intelligence and market research platform, “RT” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Company Name: MarketsandMarkets
Contact Person: Rohan
Email: firstname.lastname@example.org, email@example.com
Address:701 Pike Street, Suite 2175
Country: United States