HOME Top Market Reports 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

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

By: marketsandmarkets.com
Publishing Date: February 2017
Report Code: TC 2773

 

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The managed security service market size is expected 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 ever-growing need for increased security measures, emergence of Internet of Things (IoT) technologies, adoption of portable software & services, remote management tools, and reduction in the IT security expenditure in an enterprise for a sustainable future, have led to the adoption of managed security services.

Objectives of the Study:

The main objective of this report is to define, describe, and forecast the managed security service market on the basis of segments, which include services, deployment types, organization size, verticals, and regions. The report provides detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges). The report attempts to forecast the market size with respect to the five main regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East & Africa (MEA), and Latin America. The report strategically profiles key players and comprehensively analyzes their core competencies. This report also tracks and analyzes competitive developments, such as Mergers & Acquisitions (M&A), new product developments, and Research & Development (R&D) activities in the managed security service market.

The research methodology used to estimate and forecast the managed security service market begins with the collection and analysis of data on key vendor product offerings and business strategies through secondary research, such as press releases, investor presentations of companies, white papers, technology journals, certified publications, and articles from recognized authors, directories, and databases. The vendor offerings have also been taken into consideration to determine the market segmentation. The bottom-up procedure was employed to arrive at the total market size of the global market from the revenue of the key software tool providers and service providers in the market. After arriving at the overall market size, the total market was split into several segments and subsegments, which were then verified through primary research by conducting extensive interviews with key people, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), directors, and executives. The data triangulation and market breakdown procedures were employed to complete the overall market engineering process and to arrive at the exact statistics for all segments and subsegments.

The breakdown of profiles of the primary is depicted in the figure below:

Managed Security Services Market

To know about the assumptions considered for the study, download the pdf brochure

Industry Ecosystem

The managed security service ecosystem comprises the service providers, such as 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.).

Key Target Audience

  • Enterprise users
  • Defense and security agencies
  • Government agencies
  • Industrial users

Scope of the Report

The research report segments the managed security service market into the following submarkets:

  • By Service
    • Managed firewall
    • Managed Intrusion Detection/Prevention System (IDS/IPS)
    • Vulnerability management
    • Log monitoring
    • Distributed Denial Of Service (DDOS)
    • Managed Security Information and Event Management (SIEM)
    • Others (identity access management (IAM), web application security)
  • By Deployment Type
    • On-premises
    • Hybrid
    • Cloud-based
  • By Organization Size
    • Small and Medium Enterprises (SMEs)
    • Large enterprises
  • By Vertical
    • Banking, Financial Services, and Insurance (BFSI)
    • Government
    • Healthcare
    • Education
    • Telecom and IT
    • Consumer goods and retail
    • Energy and power
    • Others
  • By Region
    • North America
    • Europe
    • APAC
    • MEA
    • Latin America

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Product Analysis

  • Product matrix that gives a detailed comparison of product portfolio of each company

Geographic Analysis

  • Further breakdown of the North American managed security service market into countries
  • Further breakdown of the European market into countries
  • Further breakdown of the APAC market into countries
  • Further breakdown of the Latin American market into countries
  • Further breakdown of the MEA market into countries

Company Information

  • Detailed analysis and profiling of additional market players

Table of Contents

1 Introduction (Page No. - 14)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered in the Report
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 18)
    2.1 Research Data
           2.1.1 Secondary Data
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown and Data Triangulation
    2.4 Vendor Dive Matrix
           2.4.1 Quadrant Description
    2.5 Research Assumptions

3 Executive Summary (Page No. - 29)

4 Premium Insights (Page No. - 32)
    4.1 Attractive Market Opportunities in the Managed Security Service Market
    4.2 Market Snapshot: By Service Type, 2016 vs 2021
    4.3 Market Snapshot: By Deployment Type, 2016–2021
    4.4 Market Snapshot: By Vertical and Region, 2016
    4.5 Lifecycle Analysis By Region, 2016

5 Managed Security Service Market Overview (Page No. - 36)
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 By Services
           5.2.2 By Software Tool
           5.2.3 By Organization Size
           5.2.4 By Vertical
           5.2.5 By Region
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Security Staffing and Budgeting Constraints
                    5.4.1.2 Emergence of IoT Technologies
                    5.4.1.3 Adoption of Portable Software and Devices
                    5.4.1.4 Rise of Remote Management Tools
           5.3.2 Restraints
                    5.3.2.1 Lack of Trust in Third Party Applications
           5.3.3 Opportunities
                    5.3.3.1 Threat Intelligence Sharing
                    5.3.3.2 Growing Integration of Biometric Sensors in Security Based Applications
           5.3.4 Challenges
                    5.3.4.1 Threat to Security Service Provider's IT Infrastructure Itself
                    5.3.4.2 Lack New Age IT Infrastructure Consisting of Heterogeneous Components

6 Managed Security Services Market: Industry Trends (Page No. - 45)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Strategic Benchmarking
    6.4 Evolution

7 Managed Security Services Market Analysis, By Service (Page No. - 50)
    7.1 Introduction
    7.2 Managed Firewall
    7.3 Managed Intrusion Detection/Prevention System (IDS/IPS)
    7.4 Unified Threat Management
    7.5 Vulnerability Management
    7.6 Compliance Management
    7.7 Distributed Denial of Service (DDoS)
    7.8 Managed Security Information and Event Management (SIEM)
    7.9 Identity Access Management (IAM)
    7.10 Antivirus/Antimalware
    7.11 Others* (Web Application Security and Log Monitoring)

8 Managed Security Services Market, By Deployment (Page No. - 61)
    8.1 Introduction
    8.2 Cloud
    8.3 Hybrid
    8.4 On-Premise

9 Managed Security Services Market, By Organization Size (Page No. - 66)
    9.1 Introduction
    9.2 Small and Medium Sized Enterprises (SMEs)
    9.3 Large Enterprises

10 Managed Security Services Market, By Vertical (Page No. - 71)
     10.1 Introduction
     10.2 Banking Financial Services and Insurance (BFSI)
     10.3 Government and Defense
     10.4 Healthcare and Life Sciences
     10.5 Telecom and IT
     10.6 Retail and Consumer Packaged Goods
     10.7 Energy and Utilities
     10.8 Education
     10.9 Others* (Media and Enterrtainmenet, Hospitality, and Manufacturing)

11 Managed Security Services Market, By Region (Page No. - 80)
     11.1 Introduction
     11.2 North America
     11.3 Europe
     11.4 Asia Pacific
     11.5 Middle East and Africa
     11.6 Latin America

12 Competitive Landscape (Page No. - 103)
     12.1 Overview
     12.2 Competitive Situation and Trends
             12.2.1 New Product Launches
             12.2.2 Partnerships, Agreements, and Collaborations
             12.2.3 Mergers and Acquisitions

13 Company Profiles (Page No. - 108)
     13.1 Introduction
     13.2 International Business Machines (IBM) Corporation
             13.2.1 Business Overview
             13.2.2 Services Offered
             13.2.3 Recent Developments
             13.2.4 MnM View
                        13.2.4.1 Key Strategies
                        13.2.4.2 SWOT Analysis
     13.3 Hewlett Packard Enterprise (HPE)
             13.3.1 Business Overview
             13.3.2 Services Offered
             13.3.3 Recent Developments
             13.3.4 MnM View
                        13.3.4.1 Key Strategies
                        13.3.4.2 SWOT Analysis
     13.4 Verizon Communications, Inc.
             13.4.1 Business Overview
             13.4.2 Services Offered
             13.4.3 Recent Developments
             13.4.4 MnM View
                        13.4.4.1 Key Strategies
                        13.4.4.2 SWOT Analysis
     13.5 AT&T, Inc.
             13.5.1 Business Overview
             13.5.2  Services Offered
             13.5.3 Recent Developments
             13.5.4 MnM View
                        13.5.4.1 Key Strategies
                        13.5.4.2 SWOT Analysis
     13.6 Symantec Corporation
             13.6.1 Business Overview 122
             13.6.2 Services Offered
             13.6.3 Recent Developments
             13.6.4 MnM View
                        13.6.4.1 Key Strategies
     13.7 Rapid7
             13.7.1 Business Overview
             13.7.2 Services Offered
             13.7.3 Recent Developments
             13.7.4 MnM View
                        13.7.4.1 Key Strategies
                        13.7.4.2 SWOT Analysis
     13.8 Centurylink
             13.8.1 Business Overview
             13.8.2 Services Offered
             13.8.3 Recent Developments
             13.8.4 MnM View
                        13.8.4.1 Key Strategies
     13.9 Computer Sciences Corporations
             13.9.1 Business Overview
             13.9.2 Services Offered
             13.9.3 Recent Developments
             13.9.4 MnM View
     13.10 Trustwave Holdings, Inc.
             13.10.1 Business Overview
             13.10.2 Services Offered
             13.10.3 Recent Developments
             13.10.4 MnM View
                        13.11.4.1 Key Strategies
     13.11 Solutionary, Inc.
             13.11.1 Business Overview
             13.11.2 Services Offered
             13.11.3 Recent Developments
             13.11.4 MnM View
                        13.11.4.1 Key Strategies

14 Appendix (Page No. - 145)
     14.1 Industry Experts
     14.2 Discussion Guide
     14.3 Author Details


List of Tables (64 Tables)

Table 1 Managed Security Service Market Growth Rate, 2014–2021 (USD Billion, Y-O-Y %)
Table 2 Market Size, By Service, 2016–2021 (USD Million)
Table 3 Managed Firewall Market, By Region, 2015–2020 (USD Million)
Table 4 Managed IDS/IPS Market Size, By Region, 2016–2021 (USD Million)
Table 5 Unified Threat Management Market Size, By Region, 2016–2021 (USD Million)
Table 6 Vulnerability Management Market, By Region, 2015–2020 (USD Million)
Table 7 Compliance Management Market, By Region, 2016–2021 (USD Million)
Table 8 Distributed Denial of Service (DDoS), By Region, 2016–2021 (USD Million)
Table 9 Managed Security Information and Event Management (SIEM) Market, By Region, 2016–2021 (USD Million)
Table 10 Identity Access Management (IAM) Market, By Region, 2016–2021 (USD Million)
Table 11 Antivirus/Antimalware Market, By Region, 2016–2021 (USD Million)
Table 12 Others Service Market, By Region, 2016–2021 (USD Million)
Table 13 Managed Security Services Market, By Deployment, 2016–2021 (USD Million)
Table 14 Cloud: Market, By Region, 2016–2021 (USD Million)
Table 15 Hybrid: Market, By Region, 2016–2021 (USD Million)
Table 16 On-Premise: Market, By Region, 2016–2021 (USD Million)
Table 17 Managed Security Services Market Size, By Region, 2014-2021 (USD Million)
Table 18 Small and Medium Size Enterprises: Market Size, By Region, 2016–2021 (USD Million)
Table 19 Small and Medium Size Enterprises: Market Size, By Deployment, 2016–2021 (USD Million)
Table 20 Large Enterprises: Managed Security Service Market Size, By Region, 2016–2021 (USD Million)
Table 21 Large Enterprises: Market Size, By Deployment, 2016–2021 (USD Million)
Table 22 Managed Security Services Market Size, By Vertical, 2016-2021 (USD Million)
Table 23 Banking Financial Services and Insurance (BFSI): Market Size, By Region, 2016–2021 (USD Million)
Table 24 Government and Defense: Market Size, By Region, 2016–2021 (USD Million)
Table 25 Healthcare and Lifesciences: Market Size, By Region, 2016–2021 (USD Million)
Table 26 Telecom and IT: Market Size, By Region, 2016–2021 (USD Million)
Table 27 Retail and Consumer Packaged Goods: Market Size, By Region, 2016–2021 (USD Million)
Table 28 Energy and Utilities: Managed Security Service Market Size, By Region, 2016–2021 (USD Million)
Table 29 Education: Market Size, By Region, 2016–2021 (USD Million)
Table 30 Others: Market Size, By Region, 2016–2021 (USD Million)
Table 31 Managed Security Services Market Size, By Region, 2016-2021 (USD Million)
Table 32 North America: Market Size, By Service, 2016–2021 (USD Million)
Table 33 North America: Market Size, By Deployment Type, 2016–2021 (USD Million)
Table 34 North America: Market Size, By Organization Size, 2016–2021 (USD Million)
Table 35 North America: Small and Medium Size Enterprises: Market Size, By Deployment, 2016–2021 (USD Million)
Table 36 North America: Large Enterprises: Market Size, By Deployment, 2016–2021 (USD Million)
Table 37 North America: Managed Security Service Market Size, By Vertical, 2016–2022 (USD Million)
Table 38 Europe: Market Size, By Service, 2016–2021 (USD Million)
Table 39 Europe: Market Size, By Deployment Type, 2016–2021 (USD Million)
Table 40 Europe: Market Size, By Organization Size, 2016–2021 (USD Million)
Table 41 Europe: Small and Medium Size Enterprises: Market Size, By Deployment, 2016–2021 (USD Million)
Table 42 Europe: Large Enterprises: Market Size, By Deployment, 2016–2021 (USD Million)
Table 43 Europe: Managed Security Service Market Size, By Vertical, 2016–2022 (USD Million)
Table 44 Asia Pacific: Market Size, By Service, 2016–2021 (USD Million)
Table 45 Asia Pacific: Market Size, By Deployment Type, 2016–2021 (USD Million)
Table 46 Asia Pacific: Market Size, By Organization Size, 2016–2021 (USD Million)
Table 47 Asia Pacific: Small and Medium Size Enterprises: Market Size, By Deployment, 2016–2021 (USD Million)
Table 48 Asia Pacific: Large Enterprises: Market Size, By Deployment, 2016–2021 (USD Million)
Table 49 Asia Pacific: Market Size, By Vertical, 2016–2022 (USD Million)
Table 50 Middle East and Africa: Market Size, By Service, 2016–2021 (USD Million)
Table 51 Middle East and Africa: Market Size, By Deployment Type, 2016–2021 (USD Million)
Table 52 Middle East and Africa: Market Size, By Organization Size, 2016–2021 (USD Million)
Table 53 Middle East and Africa: Small and Medium Size Enterprises: Market Size, By Deployment, 2016–2021 (USD Million)
Table 54 Middle East and Africa: Large Enterprises: Market Size, By Deployment, 2016–2021 (USD Million)
Table 55 Middle East and Africa: Market Size, By Vertical, 2016–2022 (USD Million)
Table 56 Latin America: Managed Security Service Market Size, By Service, 2016–2021 (USD Million)
Table 57 Latin America: Market Size, By Deployment Type, 2016–2021 (USD Million)
Table 58 Latin America: Market Size, By Organization Size, 2016–2021 (USD Million)
Table 59 Latin America: Small and Medium Size Enterprises: Market Size, By Deployment, 2016–2021 (USD Million)
Table 60 Latin America: Large Enterprises: Market Size, By Deployment, 2016–2021 (USD Million)
Table 61 Latin America: Market Size, By Vertical, 2016–2022 (USD Million)
Table 62 New Product Launches, 2016
Table 63 Partnerships, Agreements, and Collaborations, 2016
Table 64 Mergers and Acquisitions, 2014–2016


List of Figures (50 Figures)

Figure 1 Market Scope: Global Managed Security Services Market
Figure 2 Global Managed Security Services Market: Research Design
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Market Breakdown and Data Triangulation
Figure 6 Vendor Dive Matrix: Criteria Weightage
Figure 7 Vendor Dive Matrix
Figure 8 Top Three Categories for the Global Managed Security Services Market During the Period 2016–2021
Figure 9 North America is Expected to Hold the Largest Market Share in 2016
Figure 10 Threat Intelligence Sharing is an Opportunities to Managed Security Services Market
Figure 11 Compliance Management is Expected to Witness the Highest Growth Rate During the Forecast Period
Figure 12 Hybrid Segment is Expected to Grow at the Highest CAGR in the Managed Security Services Market
Figure 13 BFSI Vertical is Expected to Have the Largest Market Share in 2016
Figure 14 Regional Lifecycle: Asia-Pacific is in the Growth Phase and Will Soon Enter Into the Maturity Phase
Figure 15 Market Segmentation By Service
Figure 16 Market Segmentation By Deployment Type
Figure 17 Market Segmentation By Organization Size
Figure 18 Market Segmentation By Vertical
Figure 19 Market Segmentation By Region
Figure 20 Market Drivers, Restraints, Opportunities, and Challenges
Figure 21 Value Chain of Managed Security Service
Figure 22 Company Adopted Different Startegies of Managed Security Service
Figure 23 Emotion Detection and Recognition Market Ecosystem
Figure 24 Complainc E Management is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 25 Hybrid Deployment Model is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 26 Small and Medium Enterprises Segment is Expected to Hold the Largest Market Share During Forecast Period
Figure 27 Healthcare and Lifescience is Expected to Hold the Largest Market Share During Forecast Period
Figure 28 Asia Pacific is Expected to Hold the Largest Market Share During Forecast Period
Figure 29 North America Market Snapshot
Figure 30 Asia Pacific Market Snapshot
Figure 31 Companies Adopted New Product Launches as the Key Growth Strategy Between 2014 and 2016
Figure 32 Market Evaluation Framework
Figure 33 Battle for Market Share: New Product Launches and Partnerships Were the Key Strategies
Figure 34 Geographic Revenue Mix of Top 5 Market Players
Figure 35 IBM Corporation: Company Snapshot
Figure 36 IBM Corporation: SWOT Analysis
Figure 37 Hewlett Packard Enterprise: Company Snapshot
Figure 38 HP Enterprise: SWOT Analysis
Figure 39 Verizon Communications, Inc.: Business Overview
Figure 40 Verizon Communications, Inc.: SWOT Analysis
Figure 41 AT&T, Inc.: Company Snapshot
Figure 42 AT&T Inc.: SWOT Analysis
Figure 43 Symantec Corporation: Company Snapshot
Figure 44 Symantec Corporation: SWOT Analysis
Figure 45 Rapid7: Company Snapshot
Figure 46 Centurylink: Company Snapshot
Figure 47 Computer Sciences Corporations: Company Snapshot
Figure 48 Dell Secureworks: Company Snapshot
Figure 49 Trustwave Holdings Inc.: Business Overview
Figure 50 Solutionary (An NTT Subsidiary): Company Snapshot

The managed security service market is expected 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. Several factors such as theft of intellectual property, proliferation of mobile devices, and increase in the mobile workforce are responsible for the growth of managed security service. Verticals such as Banking, Financial Services, and Insurance (BFSI); government; telecom & IT; education; healthcare; and retail have boosted the managed security service market.

The managed security service market is segmented by service, deployment type, vertical, organization size, and region. The risk and compliance management segment is expected to grow at the highest CAGR during the forecast period because of frequently changing rules and regulations, which make compliance with the government and industry standards a continual challenge for organizations.

The hybrid deployment type is expected to grow at the highest CAGR during the forecast period. The hybrid deployment type is projected to witness the highest demand as it offers organizations flexibility to access data through on-premises as well as remote server-based infrastructure, thereby improving scalability and performance without compromising security of the sensitive data. The small and medium enterprises, having cost constraints, is expected to grow at the highest CAGR in the organization size segment during the forecast period.

The managed security service is being increasingly adopted by verticals, such as healthcare, retail, government, education, telecom & IT, and BFSI, thereby increasing the growth of managed security service market across the globe. The BFSI vertical holds the largest market size during the forecast period, owing to the enormous amount of confidential data it deals with and the substantial impact of the data breaches on the organization’s business.

Managed Security Services Market

The global managed security service market has been segmented on the basis of regions into North America, Europe, Asia-Pacific (APAC), Middle East & Africa (MEA), and Latin America to provide a region-specific analysis of the report. North America is estimated to have the largest market share and is expected to dominate the market from 2016 to 2021. The main reason driving managed security service market in North America is the presence of developed economies such as U,S, and Canada. Enterprises in the region are adopting managed security solutions to tackle the  ever changing government regulations and coupled with increasing need to comply with compliance.

Organizations’ structures are rapidly transforming to remain competitive in the global market, leading to change in the traditional business processes. To enable this transformation, the organizations need to make use of several applications and solutions. This leads to increased complexity in the management of security service due to the diversity of applications in the organization. This is one of the challenges impacting the long-term growth of the market. The major vendors that offer managed security services across the globe are 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.). These vendors have adopted different types of organic and inorganic growth strategies, such as new product launches, partnerships & collaborations, and mergers & acquisitions to expand their offerings in the managed security service market.

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