Global Managed Security Services Market By deployment type (On premises and on cloud); By organization(Small and medium enterprise and large enterprise); By application (BFSI, Retail & E-commerce, Government, Healthcare, IT & Telecom, Construction and Others); and Region –Analysis of Market Size, Share & Trends for 2016 – 2019 and Forecasts to 2030.

Market overview

Global Managed Security Services sector (MSS) includes remote control and management of IT protection functions by provider third-party service providers, in order to efficiently secure confidential data from organizations. With the growth of companies in the scale and scope of social media, cloud infrastructure, Big Data, and multiple computing devices, the role of information security becomes increasingly complex. Growing numbers of cybercrime security attacks and malicious activity have generated concern among organizations. Furthermore, the increased complexity of network infrastructure has been shown to hinder the management of data protection. In this scenario, it has been a lucrative option for organizations to outsource security tasks to managed security service providers.

Market Highlights

Fatpos Global anticipates the Managed Security Services market to surpass USD XX Billion by 2030, which is valued at XX billion in 2019 at a compound annual growth rate of XX%. The main market drivers are expected to fuel the growth due to the growing number of security breaches and attacks posing a threat to large and small organizational structures. For overall safety posture and technology advancing in the cloud and in IoT, appropriate steps have been taken in advance to improve future uses around the vertical.

Source: Fatpos Global

Recent Highlights in Global Managed Security Services Market

• In March 2020, BT Security collaborated with the powered SD-WAN solutions of Cisco Managed Security Services
• In November 2019, Secureworks collaborated with Microsoft to provide Microsoft Defender Advanced Threat Defense in SaaS applications to help customers recognize more threats.
• In December 2019, IBM partnered in a secure device management solution with the business center Vodafone IDEA.

Market: Segments

Global market has been segmented on the basis of deployment, organization, application. It has been further segmented on the basis of region into North America, Europe, Asia-Pacific, Mid East, and Africa.

By deployment type (in %), Global Managed Security Services Market, 2019

The On-premises segment is anticipated to register XX% of the volume share. However, the cloud segment is expected to register with the highest CAGR over the forecast period.

Global Managed Security Services Market is segmented by deployment mode: Cloud and On-premises.

Security investments in the cloud sector increase and service providers focusing on delivering cloud-based services instead of On-Premises services.

By organization (in %), global Managed Security Services Market, 2019

Small & medium enterprises accounted to register a CAGR of 17.5%.

Global Managed Security Services Market is segmented by Organization: Small and medium enterprises and large enterprises. 

In small and medium-sized enterprises the market for managed security services is on the increase because of the insufficient IT resources to deal with complex threats. This helps businesses to outsource safety activities to managed security providers. The adoption of managed security services is boosted by increasing awareness of security threats and increased security expenditures among these institutions. In order to attract more organizations towards the use of these products, service providers also offer flexible pricing models.

By application (in %), global Managed Security Services Market, 2019

BFSI is expected to dominate the market with a growing CAGR of XX%

Global Managed Security Services Market is segmented by application into BFSI, Government, Healthcare, Retail, Telecom, Utilities, and Manufacturing

The ineffective physical and logical monitoring of customer data systems and the inadequate reporting and controls of security-related incidents are one of the major reasons for data loss in this industry. Regional stability, terrorism, physical hazards, networks, and current challenges resulting from cyber-sabotage and secret sources are constantly visualized within the BFSI industry. In the financial sector, the growing regulation stimulates industry growth in that area.

Source: Fatpos Global

Global Managed Security Services Market: Drivers and Restraints

Drivers

• The growing demand for MSMEs

The increase in the world market in managed security services is a major factor in rising the incidence of cybersecurity attacks. In addition, the growth of mobile device use, increased demand from small and medium-sized companies for managed security services and cost-effectiveness would drive the growth of the global managed security services market during the forecast period.

 Restraints

• Lack of scalability

The lack of integration of context resources, the risk of leakage of sensitive information, and of security technologies and platforms struggle in providing the global managed security services market with levels of scalability. Furthermore, the global management market for security services is expected to grow slowly in the forecast period due to complex IT infrastructure and chances of failure during implementation.

Global Managed Security Services Market: Regions

North America held the largest market accounting for XX% of the total market volume share in 2019.

Several companies have been attracted to the area by the comprehensive developments in the IT field. The spread of these technologies has contributed to the emergence of serious and advanced cyber threats. This concern for protection has stepped up the deployment of regional security services.

Increasing spending by sports professionals and working people on nutritional items are expected to promote the use of milk powder as functional ingredients in Germany, France, the UK, and Russia to boost muscle strength.

Asia Pacific: China, Japan, India, and Rest of Asia Pacific
Europe: Germany, the UK, France, and Rest of Europe
North America: The US, Mexico, and Canada
Latin America: Brazil and Rest of Latin America
Middle East & Africa: GCC Countries and Rest of Middle East & Africa

Source: Fatpos Global

Global Managed Security Services Market is further segmented by region into:

• North America Market Size, Share, Trends, Opportunities, Y-o-Y

    Growth, CAGR – United States and Canada

• Latin America Market Size, Share, Trends, Opportunities, Y-o-Y

    Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America

• Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth,

    CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium,

    Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia,

    Turkey and Rest of Europe

• APAC Market Size, Share, Trends, Opportunities, Y-o-Y Growth,

    CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New

    Zealand, Australia and Rest of APAC

• MENA Market Size, Share, Trends, Opportunities, Y-o-Y Growth,

    CAGR – North Africa, Israel, GCC, South Africa

Global Managed Security Services Market: Key Players

•  IBM (US)NTT Data (Japan)
  • Company Overview
  • Business Strategy
  • Key Product Offerings
  • Financial Performance
  • Key Performance Indicators
  • Risk Analysis
  • Recent Development
  • Regional Presence
  • SWOT Analysis
• DXC Technology (US)  
• Atos (France)
• Verizon (US)
• Cipher Security (US)
• Optiv Security (US)
• Infosys (India)
• Cognizant (US)
• Wipro (India)
• Other prominent players

Global Managed Security Services Market report also contains analysis on:

• Managed Security Services  Market Segments:Global Managed Security Services Market Dynamics
  • By organization type:
    • SMEs
    • Large enterprises
  • By Application type:            
    • BFSI
    • Retail & E-commerce
    • Government
    • Healthcare
    • IT & Telecom
    • Construction
    • Others
  • By Deployment type:
    • On-premises
    • Cloud
• Global Managed Security Services Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value Chain of the Market
• Market Drivers and Restraints

FAQs on Global Managed Security Services Market

• Which segment is anticipated to hold the largest market share?
• At what CAGR is the market anticipated to grow between 2020 and
• Who are the key players in Global Managed Security Services Market?
• What could be the challenging factors for the growth of Global Managed Security Services Market​​​​​​​?
• What are the growth drivers for the Managed Security Services market?