Managed Security Services Market

Managed Security Services Market by Type (Managed IAM, Antivirus/Antimalware, SIEM, and UTM), Deployment Mode, Organization Size, Vertical (BFSI, Government, Retail, Healthcare, Telecom, Utilities, and Manufacturing), and Region - Global Forecast to 2025

Report Code: TC 2773 May, 2020, by marketsandmarkets.com
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[214 Pages Report] The global Managed Security Services market size is projected to grow from USD 31.6 billion in 2020 to USD 46.4 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 8.0% during the forecast period. The rising instances of security breaches and increasing number of attacks that pose a threat to large and small organizational systems are anticipated to be the major market drivers. The need to adopt necessary steps in advance for securing the overall security posture and technological advancements in cloud and IoT has bolstered potential use cases across verticals.

Managed Security Services Market

The healthcare vertical to be the fastest-growing vertical during the forecast period

The Banking, Financial Services, and Insurance (BFSI) vertical is estimated to dominate the Managed Security Services Market with the largest market size, while the healthcare vertical is the fastest-growing vertical during the forecast period. MSS are expected to help the BFSI vertical in keeping the confidentiality of sensitive data, which will, in turn, help in maintaining the overall security posture. The biggest advantage of using Managed Security Services in the BFSI vertical is 24*7*365 monitoring, which results in immediate incident response and remediation in case of a security breach. The BFSI vertical is very careful about the security of the sensitive data of its customers. Hence, for enhancing the protection of online services from cyberattacks, companies are adopting MSS services at a large scale in the BFSI vertical. In the healthcare vertical, Managed Security Services such as Medical Device Penetration Testing, Network Segmentation for Medical Equipment, Device Inventory and Risk Analysis, Medical Device Risk Assessments, and continuous incident response will play an integral role in securing the entities related to patients as well as hospital data. Moreover, Managed Security Services also helps healthcare organizations comply with stringent Health Insurance Portability and Accountability Act (HIPAA) and Payment Card Industry Data Security Standard (PCI DSS) compliances.

Asia Pacific to hold the highest market share during the forecast period

Technological advancements such as cloud, 5G, and IoT have led the Small and Medium-sized Enterprises (SMEs) and large enterprises in the Asia Pacific (APAC) region to largely rely on MSS. Also, government regulations, cybersecurity incidents, and cloud technology adoption are driving the adoption of MSS in the region.

Managed Security Services Market

Market Players:

The key market players profiled in this report include IBM (US), AT&T (Texas), NTT Data (Japan), Secureworks (US), DXC Technology (US), BT Security (UK), Atos (France), Infosys (India), Verizon (US), Cognizant (US), Cipher Security (US), Wipro (India), Accenture (Ireland), Optiv Security (US), Trustwave (US), The Herjavec Group (Canada), Capgemini (France), CenturyLink Managed Security Services (US), Kudelski Security (Switzerland), and Nuspire (US). These players offer MSS to cater to the demands and needs of customers. Major growth strategies adopted by these players include partnerships, collaborations and agreements, and new product launches/product enhancements.

Scope of the Report

Report Metric

Details

Market size available for years

2018–2025

Base year considered

2019

Forecast period

2020–2025

Forecast units

Value (USD)

Segments covered

Types, Deployment Modes, Organization Size, Verticals, and Regions

Geographies covered

North America, Europe, APAC, MEA, and Latin America

Companies covered

IBM (US), AT&T (Texas), NTT Data (Japan), Secureworks (US), DXC Technology (US), BT Security (UK), Atos (France), Infosys (India), Verizon (US), Cognizant (US), Cipher Security (US), Wipro (India), Accenture (Ireland), Optiv Security (US), Trustwave (US), The Herjavec Group (Canada), Capgemini (France), CenturyLink Managed Security Services (US), Kudelski Security (Switzerland), and Nuspire (US)

This research report categorizes the Managed Security Services Market to forecast revenues and analyze trends in each of the following subsegments:

Based on Types:

  • Managed Identity and Access Management (IAM)
  • Managed antivirus/anti-malware
  • Managed firewall
  • Managed risk and compliance management
  • Managed vulnerability management
  • Managed Security Incident and Event Management (SIEM)
  • Managed Intrusion Detection Systems/Intrusion Prevention Systems (IDS/IPS)
  • Managed Unified Threat Management (UTM)
  • Managed encryption
  • Others (DDoS mitigation, managed Data Loss Prevention [DLP] , and managed disaster recovery)

Based on Deployment Modes:

  • On-premises
  • Cloud

Based on Organization Size:

  • Small and Medium-sized Enterprises (SMEs)
  • Large enterprises

Based on Verticals:

  • Banking, Financial Services, and Insurance (BFSI)
  • Government
  • Retail
  • Healthcare
  • IT
  • Telecom
  • Utilities
  • Manufacturing
  • Others (education, media and entertainment, and travel and logistics)

Based on Regions:

  • North America
    • US
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Rest of Europe
  • APAC
    • China
    • Japan
    • India
    • Rest of APAC
  • MEA
    • KSA
    • UAE
    • Africa
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America

Recent Developments

  • In December 2019, IBM partnered with the Vodafone IDEA business center to launch a secure device management solution.
  • In March 2020, AT&T collaborated with Palo Alto Networks and Broadcom for Disaggregated Scalable Firewall (DSFW).
  • In January 2020, NTT partnered with the UK government to develop a framework for the 5G network.
  • In November 2019, Secureworks partnered with Microsoft to integrate SaaS applications with Microsoft Defender Advanced Threat Protection to help customers detect more threats.
  • In March 2020, BT Security partnered with Cisco’s managed SD-WAN solutions.

Key questions addressed by the report

  • What are the opportunities in the Managed Security Services Market?
  • What is the competitive landscape scenario in the industry?
  • What are the data regulations that will impact the market?
  • How MSS evolved from traditional security services?
  • What are the dynamics of the market?

Frequently Asked Questions (FAQ):

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 21)
    1.1 OBJECTIVES OF THE STUDY
    1.2 MARKET DEFINITION
           1.2.1 INCLUSIONS AND EXCLUSIONS
    1.3 MARKET SCOPE
           1.3.1 MARKET SEGMENTATION
           1.3.2 REGIONS COVERED
           1.3.3 YEARS CONSIDERED FOR THE STUDY
    1.4 CURRENCY CONSIDERED
    1.5 STAKEHOLDERS

2 RESEARCH METHODOLOGY (Page No. - 25)
    2.1 RESEARCH DATA
           2.1.1 SECONDARY DATA
           2.1.2 PRIMARY DATA
                    2.1.2.1 Breakup of primary profiles
                    2.1.2.2 Key industry insights
    2.2 MARKET BREAKUP AND DATA TRIANGULATION
    2.3 MARKET SIZE ESTIMATION
    2.4 MARKET FORECAST
    2.5 RESEARCH ASSUMPTIONS
    2.6 LIMITATIONS OF THE STUDY

3 EXECUTIVE SUMMARY (Page No. - 34)

4 PREMIUM INSIGHTS (Page No. - 38)
    4.1 ATTRACTIVE MARKET OPPORTUNITIES IN THE MARKET
    4.2 MANAGED SECURITY SERVICES MARKET, BY TYPE, 2020
    4.3 MARKET, BY DEPLOYMENT MODE, 2020
    4.4 MARKET, MARKET SHARE OF TOP THREE INDUSTRY VERTICALS AND REGIONS, 2020
    4.5 TOP THREE VERTICALS
    4.6 MARKET INVESTMENT SCENARIO

5 MARKET OVERVIEW AND INDUSTRY TRENDS (Page No. - 42)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
           5.2.1 DRIVERS
                    5.2.1.1 Stringent government regulations to increase adoption of managed security services solutions
                    5.2.1.2 Surge in trends such as BYOD, CYOD, and WFH
                    5.2.1.3 Rising security breaches and sophisticated cyberattacks across enterprises, resulting in financial and reputational losses
           5.2.2 RESTRAINTS
                    5.2.2.1 Lack of trust among enterprises in giving full control of their system architecture to managed security service providers
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Rising adoption of cloud technology and IoT devices among enterprises
                    5.2.3.2 Growing demand for robust and cost-effective security services among enterprises to monitor and manage security events
           5.2.4 CHALLENGES
                    5.2.4.1 Lack of skilled security expertise
    5.3 REGULATORY IMPLICATIONS
           5.3.1 GENERAL DATA PROTECTION REGULATION
           5.3.2 PAYMENT CARD INDUSTRY-DATA SECURITY STANDARD
           5.3.3 HEALTH INSURANCE PORTABILITY AND ACCOUNTABILITY ACT
           5.3.4 GRAMM-LEACH-BLILEY ACT
           5.3.5 SARBANES-OXLEY ACT
           5.3.6 SOC2
    5.4 USE CASES
           5.4.1 USE CASE: SCENARIO 1
           5.4.2 USE CASE: SCENARIO 2
           5.4.3 USE CASE: SCENARIO 3
    5.5 VALUE CHAIN
    5.6 ECOSYSTEM

6 COVID-19 IMPACT ON MANAGED SECURITY SERVICES MARKET (Page No. - 51)

7 MANAGED SECURITY SERVICES MARKET, BY TYPE (Page No. - 53)
    7.1 INTRODUCTION
    7.2 MANAGED IDENTITY AND ACCESS MANAGEMENT
           7.2.1 MANAGED IDENTITY AND ACCESS MANAGEMENT: MARKET DRIVERS
    7.3 MANAGED ANTIVIRUS/ANTIMALWARE
           7.3.1 MANAGED ANTIVIRUS/ANTIMALWARE: MARKET DRIVERS
    7.4 MANAGED FIREWALL
           7.4.1 MANAGED FIREWALL: MARKET DRIVERS
    7.5 MANAGED RISK AND COMPLIANCE MANAGEMENT
           7.5.1 MANAGED RISK AND COMPLIANCE MANAGEMENT: MARKET DRIVERS
    7.6 MANAGED VULNERABILITY MANAGEMENT
           7.6.1 MANAGED VULNERABILITY MANAGEMENT: MARKET DRIVERS
    7.7 MANAGED SECURITY INFORMATION AND EVENT MANAGEMENT
           7.7.1 MANAGED SECURITY INFORMATION AND EVENT MANAGEMENT: MARKET DRIVERS
    7.8 MANAGED INTRUSION DETECTION SYSTEM/INTRUSION PREVENTION SYSTEM
           7.8.1 MANAGED INTRUSION DETECTION SYSTEM/INTRUSION PREVENTION SYSTEM: MARKET DRIVERS
    7.9 MANAGED UNIFIED THREAT MANAGEMENT
           7.9.1 MANAGED UNIFIED THREAT MANAGEMENT: MARKET DRIVERS
    7.10 MANAGED ENCRYPTION
           7.10.1 MANAGED ENCRYPTION: MARKET DRIVERS
    7.11 OTHERS

8 MANAGED SECURITY SERVICES MARKET, BY DEPLOYMENT MODE (Page No. - 66)
    8.1 INTRODUCTION
    8.2 ON-PREMISES
           8.2.1 ON-PREMISES: MARKET DRIVERS
    8.3 CLOUD
           8.3.1 CLOUD: MARKET DRIVERS

9 MANAGED SECURITY SERVICES MARKET, BY ORGANIZATION SIZE (Page No. - 70)
    9.1 INTRODUCTION
    9.2 SMALL AND MEDIUM-SIZED ENTERPRISES
           9.2.1 SMALL AND MEDIUM-SIZED ENTERPRISES: MARKET DRIVERS
    9.3 LARGE ENTERPRISES
           9.3.1 LARGE ENTERPRISES: MARKET DRIVERS

10 MANAGED SECURITY SERVICES MARKET, BY VERTICAL (Page No. - 74)
     10.1 INTRODUCTION
     10.2 BANKING, FINANCIAL SERVICES AND INSURANCE
             10.2.1 BANKING, FINANCIAL SERVICES AND INSURANCE: MARKET DRIVERS
     10.3 GOVERNMENT
             10.3.1 GOVERNMENT: MARKET DRIVERS
     10.4 RETAIL
             10.4.1 RETAIL: MARKET DRIVERS
     10.5 HEALTHCARE
             10.5.1 HEALTHCARE: MARKET DRIVERS
     10.6 INFORMATION TECHNOLOGY
             10.6.1 INFORMATION TECHNOLOGY: MARKET DRIVERS
     10.7 TELECOM
             10.7.1 TELECOM: MARKET DRIVERS
     10.8 UTILITIES
             10.8.1 UTILITIES: MARKET DRIVERS
     10.9 MANUFACTURING
             10.9.1 MANUFACTURING: MARKET DRIVERS
     10.10 OTHERS

11 MANAGED SECURITY SERVICES MARKET, BY REGION (Page No. - 88)
     11.1 INTRODUCTION
     11.2 NORTH AMERICA
             11.2.1 NORTH AMERICA: MARKET DRIVERS
             11.2.2 UNITED STATES
             11.2.3 CANADA
     11.3 EUROPE
             11.3.1 EUROPE: MARKET DRIVERS
             11.3.2 UNITED KINGDOM
             11.3.3 GERMANY
             11.3.4 FRANCE
             11.3.5 REST OF EUROPE
     11.4 ASIA PACIFIC
             11.4.1 ASIA PACIFIC: MARKET DRIVERS
             11.4.2 CHINA
             11.4.3 JAPAN
             11.4.4 INDIA
             11.4.5 REST OF ASIA PACIFIC
     11.5 MIDDLE EAST AND AFRICA
             11.5.1 MIDDLE EAST AND AFRICA: MARKET DRIVERS
             11.5.2 THE KINGDOM OF SAUDI ARABIA
             11.5.3 UNITED ARAB EMIRATES
             11.5.4 AFRICA
     11.6 LATIN AMERICA
             11.6.1 LATIN AMERICA: MARKET DRIVERS
             11.6.2 BRAZIL
             11.6.3 MEXICO
             11.6.4 REST OF LATIN AMERICA

12 COMPETITIVE LANDSCAPE (Page No. - 151)
     12.1 OVERVIEW
     12.2 COMPETITIVE LEADERSHIP MAPPING
             12.2.1 VISIONARY LEADERS
             12.2.2 INNOVATORS
             12.2.3 DYNAMIC DIFFERENTIATORS
             12.2.4 EMERGING COMPANIES
     12.3 RANKING OF KEY PLAYERS

13 COMPANY PROFILES (Page No. - 154)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
     13.1 INTRODUCTION
     13.2 IBM
     13.3 AT&T
     13.4 NTT DATA
     13.5 SECUREWORKS
     13.6 DXC TECHNOLOGY
     13.7 BT SECURITY
     13.8 ATOS
     13.9 INFOSYS
     13.10 VERIZON
     13.11 COGNIZANT
     13.12 CIPHER SECURITY
     13.13 WIPRO
     13.14 ACCENTURE
     13.15 OPTIV SECURITY
     13.16 TRUSTWAVE
     13.17 THE HERJAVEC GROUP
     13.18 CAPGEMINI
     13.19 CENTURYLINK MANAGED SECURITY SERVICES
     13.20 KUDELSKI SECURITY
     13.21 NUSPIRE
     13.22 RIGHT TO WIN

*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.

14 APPENDIX (Page No. - 206)
     14.1 DISCUSSION GUIDE
     14.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     14.3 AVAILABLE CUSTOMIZATIONS
     14.4 RELATED REPORTS
     14.5 AUTHOR DETAILS


LIST OF TABLES (120 TABLES)

TABLE 1 UNITED STATES DOLLAR EXCHANGE RATE, 2015–2019
TABLE 2 FACTOR ANALYSIS
TABLE 3 MANAGED SECURITY SERVICES MARKET SIZE AND GROWTH RATE, 2018–2025 (USD MILLION, Y-O-Y %)
TABLE 4 MARKET SIZE, BY TYPE, 2018–2025 (USD MILLION)
TABLE 5 MANAGED IDENTITY AND ACCESS MANAGEMENT: MARKET SIZE, BY REGION, 2018–2025(USD MILLION)
TABLE 6 MANAGED ANTIVIRUS/ANTIMALWARE: MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 7 MANAGED FIREWALL: MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 8 MANAGED RISK AND COMPLIANCE MANAGEMENT: MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 9 MANAGED VULNERABILITY MANAGEMENT: MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 10 MANAGED SECURITY INFORMATION AND EVENT MANAGEMENT: MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 11 MANAGED INTRUSION DETECTION SYSTEM/INTRUSION PREVENTION SYSTEM: MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 12 MANAGED UNIFIED THREAT MANAGEMENT: MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 13 MANAGED ENCRYPTION: MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 14 OTHERS: MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 15 MANAGED SECURITY SERVICES MARKET SIZE, BY DEPLOYMENT MODE, 2018–2025 (USD MILLION)
TABLE 16 ON-PREMISES: MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 17 CLOUD: MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 18 MANAGED SECURITY SERVICES MARKET SIZE, BY ORGANIZATION SIZE, 2018–2025 (USD MILLION)
TABLE 19 SMALL AND MEDIUM-SIZED ENTERPRISES: MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 20 LARGE ENTERPRISES: MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 21 MANAGED SECURITY SERVICES MARKET SIZE, BY VERTICAL, 2018–2025 (USD MILLION)
TABLE 22 BANKING, FINANCIAL SERVICES AND INSURANCE: MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 23 GOVERNMENT: MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 24 RETAIL: MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 25 HEALTHCARE: MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 26 INFORMATION TECHNOLOGY: MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 27 TELECOM: MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 28 UTILITIES: MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 29 MANUFACTURING: MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 30 OTHERS: MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 31 MANAGED SECURITY SERVICES MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 32 NORTH AMERICA: MANAGED SECURITY SERVICES MARKET SIZE, BY TYPE, 2018-2025 (USD MILLION)
TABLE 33 NORTH AMERICA: MARKET SIZE, BY DEPLOYMENT MODE, 2018–2025 (USD MILLION)
TABLE 34 NORTH AMERICA: MARKET SIZE, BY ORGANIZATION SIZE, 2018–2025 (USD MILLION)
TABLE 35 NORTH AMERICA: MARKET SIZE, BY VERTICAL, 2018–2025 (USD MILLION)
TABLE 36 NORTH AMERICA: MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 37 UNITED STATES: MARKET SIZE, BY TYPE, 2018–2025 (USD MILLION)
TABLE 38 UNITED STATES: MARKET SIZE, BY DEPLOYMENT MODE, 2018–2025 (USD MILLION)
TABLE 39 UNITED STATES: MARKET SIZE, BY ORGANIZATION SIZE, 2018–2025 (USD MILLION)
TABLE 40 UNITED STATES: MARKET SIZE, BY VERTICAL, 2018–2025 (USD MILLION)
TABLE 41 CANADA: MARKET SIZE, BY TYPE, 2018–2025 (USD MILLION)
TABLE 42 CANADA: MARKET SIZE, BY DEPLOYMENT MODE, 2018–2025 (USD MILLION)
TABLE 43 CANADA: MARKET SIZE, BY ORGANIZATION SIZE, 2018–2025 (USD MILLION)
TABLE 44 CANADA: MARKET SIZE, BY VERTICAL, 2018–2025 (USD MILLION)
TABLE 45 EUROPE: MANAGED SECURITY SERVICES MARKET SIZE, BY TYPE, 2018–2025 (USD MILLION)
TABLE 46 EUROPE: MARKET SIZE, BY DEPLOYMENT MODE, 2018–2025 (USD MILLION)
TABLE 47 EUROPE: MARKET SIZE, BY ORGANIZATION SIZE, 2018–2025 (USD MILLION)
TABLE 48 EUROPE: MARKET SIZE, BY VERTICAL, 2018–2025 (USD MILLION)
TABLE 49 EUROPE: MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 50 UNITED KINGDOM: MARKET SIZE, BY TYPE, 2018–2025 (USD MILLION)
TABLE 51 UNITED KINGDOM: MARKET SIZE, BY DEPLOYMENT MODE, 2018–2025 (USD MILLION)
TABLE 52 UNITED KINGDOM: MARKET SIZE, BY ORGANIZATION SIZE, 2018–2025 (USD MILLION)
TABLE 53 UNITED KINGDOM: MARKET SIZE, BY VERTICAL, 2018–2025 (USD MILLION)
TABLE 54 GERMANY: MARKET SIZE, BY TYPE, 2018–2025 (USD MILLION)
TABLE 55 GERMANY: MARKET SIZE, BY DEPLOYMENT MODE, 2018–2025 (USD MILLION)
TABLE 56 GERMANY: MARKET SIZE, BY ORGANIZATION SIZE, 2018–2025 (USD MILLION)
TABLE 57 GERMANY: MARKET SIZE, BY VERTICAL, 2018–2025 (USD MILLION)
TABLE 58 FRANCE: MARKET SIZE, BY TYPE, 2018–2025 (USD MILLION)
TABLE 59 FRANCE: MARKET SIZE, BY DEPLOYMENT MODE, 2018–2025 (USD MILLION)
TABLE 60 FRANCE: MARKET SIZE, BY ORGANIZATION SIZE, 2018–2025 (USD MILLION)
TABLE 61 FRANCE: MARKET SIZE, BY VERTICAL, 2018–2025 (USD MILLION)
TABLE 62 REST OF EUROPE: MARKET SIZE, BY TYPE, 2018–2025 (USD MILLION)
TABLE 63 REST OF EUROPE: MARKET SIZE, BY DEPLOYMENT MODE, 2018–2025 (USD MILLION)
TABLE 64 REST OF EUROPE: MARKET SIZE, BY ORGANIZATION SIZE, 2018–2025 (USD MILLION)
TABLE 65 REST OF EUROPE: MARKET SIZE, BY VERTICAL, 2018 -2025 (USD MILLION)
TABLE 66 ASIA PACIFIC: MANAGED SECURITY SERVICES MARKET SIZE, BY TYPE, 2018–2025 (USD MILLION)
TABLE 67 ASIA PACIFIC: MARKET SIZE, BY DEPLOYMENT MODE, 2018–2025 (USD MILLION)
TABLE 68 ASIA PACIFIC: MARKET SIZE, BY ORGANIZATION SIZE, 2018–2025 (USD MILLION)
TABLE 69 ASIA PACIFIC: MARKET SIZE, BY VERTICAL, 2018–2025 (USD MILLION)
TABLE 70 ASIA PACIFIC: MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 71 CHINA: MARKET SIZE, BY TYPE, 2018–2025 (USD MILLION)
TABLE 72 CHINA: MARKET SIZE, BY DEPLOYMENT MODE, 2018–2025 (USD MILLION)
TABLE 73 CHINA: MARKET SIZE, BY ORGANIZATION SIZE, 2018–2025 (USD MILLION)
TABLE 74 CHINA: MARKET SIZE, BY VERTICAL, 2018–2025 (USD MILLION)
TABLE 75 JAPAN: MARKET SIZE, BY TYPE, 2018–2025 (USD MILLION)
TABLE 76 JAPAN: MARKET SIZE, BY DEPLOYMENT MODE, 2018–2025 (USD MILLION)
TABLE 77 JAPAN: MARKET SIZE, BY ORGANIZATION SIZE, 2018–2025 (USD MILLION)
TABLE 78 JAPAN: MARKET SIZE, BY VERTICAL, 2018–2025 (USD MILLION)
TABLE 79 INDIA: MARKET SIZE, BY TYPE, 2018–2025 (USD MILLION)
TABLE 80 INDIA: MARKET SIZE, BY DEPLOYMENT MODE, 2018–2025 (USD MILLION)
TABLE 81 INDIA: MARKET SIZE, BY ORGANIZATION SIZE, 2018–2025 (USD MILLION)
TABLE 82 INDIA: MARKET SIZE, BY VERTICAL, 2018–2025 (USD MILLION)
TABLE 83 REST OF ASIA PACIFIC: MARKET SIZE, BY TYPE, 2018–2025 (USD MILLION)
TABLE 84 REST OF ASIA PACIFIC: MARKET SIZE, BY DEPLOYMENT MODE, 2018–2025 (USD MILLION)
TABLE 85 REST OF ASIA PACIFIC: MARKET SIZE, BY ORGANIZATION SIZE, 2018–2025 (USD MILLION)
TABLE 86 REST OF ASIA PACIFIC: MARKET SIZE, BY VERTICAL, 2018–2025 (USD MILLION)
TABLE 87 MIDDLE EAST AND AFRICA: MANAGED SECURITY SERVICES MARKET SIZE, BY TYPE, 2018–2025 (USD MILLION)
TABLE 88 MIDDLE EAST AND AFRICA: MARKET SIZE, BY DEPLOYMENT MODE, 2018–2025 (USD MILLION)
TABLE 89 MIDDLE EAST AND AFRICA: MARKET SIZE, BY ORGANIZATION SIZE, 2018–2025 (USD MILLION)
TABLE 90 MIDDLE EAST AND AFRICA: MARKET SIZE, BY VERTICAL, 2018–2025 (USD MILLION)
TABLE 91 MIDDLE EAST AND AFRICA: MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 92 THE KINGDOM OF SAUDI ARABIA: MARKET SIZE, BY TYPE, 2018–2025 (USD MILLION)
TABLE 93 THE KINGDOM OF SAUDI ARABIA: MARKET SIZE, BY DEPLOYMENT MODE, 2018–2025 (USD MILLION)
TABLE 94 THE KINGDOM OF SAUDI ARABIA: MARKET SIZE, BY ORGANIZATION SIZE, 2018–2025 (USD MILLION)
TABLE 95 THE KINGDOM OF SAUDI ARABIA: MARKET SIZE, BY VERTICAL, 2018–2025 (USD MILLION)
TABLE 96 UNITED ARAB EMIRATES: MARKET SIZE, BY TYPE, 2018–2025 (USD MILLION)
TABLE 97 UNITED ARAB EMIRATES: MARKET SIZE, BY DEPLOYMENT MODE, 2018–2025 (USD MILLION)
TABLE 98 UNITED ARAB EMIRATES: MARKET SIZE, BY ORGANIZATION SIZE, 2018–2025 (USD MILLION)
TABLE 99 UNITED ARAB EMIRATES: MARKET SIZE, BY VERTICAL, 2018–2025 (USD MILLION)
TABLE 100 AFRICA: MARKET SIZE, BY TYPE, 2018–2025 (USD MILLION)
TABLE 101 AFRICA: MARKET SIZE, BY DEPLOYMENT MODE, 2018–2025 (USD MILLION)
TABLE 102 AFRICA: MARKET SIZE, BY ORGANIZATION SIZE, 2018–2025 (USD MILLION)
TABLE 103 AFRICA: MARKET SIZE, BY VERTICAL, 2018–2025 (USD MILLION)
TABLE 104 LATIN AMERICA: MANAGED SECURITY SERVICES MARKET SIZE, BY TYPE, 2018–2025 (USD MILLION)
TABLE 105 LATIN AMERICA: MARKET SIZE, BY DEPLOYMENT MODE, 2018–2025 (USD MILLION)
TABLE 106 LATIN AMERICA: MARKET SIZE, BY ORGANIZATION SIZE, 2018–2025 (USD MILLION)
TABLE 107 LATIN AMERICA: MARKET SIZE, BY VERTICAL, 2018–2025 (USD MILLION)
TABLE 108 LATIN AMERICA: MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 109 BRAZIL: MARKET SIZE, BY TYPE, 2018–2025 (USD MILLION)
TABLE 110 BRAZIL: MARKET SIZE, BY DEPLOYMENT MODE, 2018–2025 (USD MILLION)
TABLE 111 BRAZIL: MARKET SIZE, BY ORGANIZATION SIZE, 2018–2025 (USD MILLION)
TABLE 112 BRAZIL: MARKET SIZE, BY VERTICAL, 2018–2025 (USD MILLION)
TABLE 113 MEXICO: MARKET SIZE, BY TYPE, 2018–2025 (USD MILLION)
TABLE 114 MEXICO: MARKET SIZE, BY DEPLOYMENT MODE, 2018–2025 (USD MILLION)
TABLE 115 MEXICO: MARKET SIZE, BY ORGANIZATION SIZE, 2018–2025 (USD MILLION)
TABLE 116 MEXICO: MARKET SIZE, BY VERTICAL, 2018–2025 (USD MILLION)
TABLE 117 REST OF LATIN AMERICA: MARKET SIZE, BY TYPE, 2018–2025 (USD MILLION)
TABLE 118 REST OF LATIN AMERICA: MARKET SIZE, BY DEPLOYMENT MODE, 2018–2025 (USD MILLION)
TABLE 119 REST OF LATIN AMERICA: MARKET SIZE, BY ORGANIZATION SIZE, 2018–2025 (USD MILLION)
TABLE 120 REST OF LATIN AMERICA: MARKET SIZE, BY VERTICAL, 2018–2025 (USD MILLION)

LIST OF FIGURES (43 FIGURES)

FIGURE 1 MANAGED SECURITY SERVICES MARKET: RESEARCH DESIGN
FIGURE 2 MARKET SIZE ESTIMATION METHODOLOGY, APPROACH 1 (SUPPLY SIDE): REVENUE OF SERVICES OF THE MANAGED SECURITY SERVICES MARKET
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY—APPROACH 1— BOTTOM-UP (SUPPLY SIDE): COLLECTIVE REVENUE OF ALL SERVICES OF THE MANAGED SECURITY SERVICES MARKET
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY—APPROACH 2—BOTTOM-UP (DEMAND SIDE): PRODUCTS/SOLUTIONS/SERVICES SOLD AND THEIR AVERAGE SELLING PRICE
FIGURE 5 TOP-DOWN AND BOTTOM-UP APPROACHES
FIGURE 6 MANAGED SECURITY SERVICES MARKET SIZE, BY VERTICAL
FIGURE 7 NORTH AMERICA TO HOLD THE HIGHEST MARKET SHARE IN 2020
FIGURE 8 LARGE ENTERPRISES SEGMENT TO HAVE A HIGHER MARKET SHARE IN 2020
FIGURE 9 RISING SECURITY BREACHES AND SOPHISTICATED CYBERATTACKS ACROSS ENTERPRISES, RESULTING IN FINANCIAL AND REPUTATIONAL LOSSES TO FUEL THE GROWTH OF THE MANAGED SECURITY SERVICES MARKET
FIGURE 10 MANAGED IDENTITY AND ACCESS MANAGEMENT SEGMENT TO HAVE A HIGHER MARKET SHARE DURING THE FORECAST PERIOD
FIGURE 11 ON-PREMISES SEGMENT TO HAVE A HIGHER MARKET SHARE DURING THE FORECAST PERIOD
FIGURE 12 BANKING, FINANCIAL SERVICES AND INSURANCE VERTICAL AND NORTH AMERICA TO HAVE THE HIGHEST MARKET SHARES IN 2020
FIGURE 13 BANKING, FINANCIAL SERVICES, AND INSURANCE VERTICAL TO HAVE THE HIGHEST MARKET SHARE IN 2020
FIGURE 14 ASIA PACIFIC TO EMERGE AS THE BEST MARKET FOR INVESTMENT IN THE NEXT FIVE YEARS
FIGURE 15 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES: MANAGED SECURITY SERVICES MARKET
FIGURE 16 VALUE CHAIN OF MANAGED SECURITY SERVICES:
FIGURE 17 MANAGED IDENTITY AND ACCESS MANAGEMENT SEGMENT TO RECORD THE HIGHEST GROWTH RATE DURING THE FORECAST PERIOD
FIGURE 18 CLOUD SEGMENT TO GROW AT A HIGHER CAGR DURING THE FORECAST PERIOD
FIGURE 19 SMALL AND MEDIUM-SIZED ENTERPRISES SEGMENT TO RECORD A HIGHER CAGR DURING FORECAST PERIOD
FIGURE 20 HEALTHCARE VERTICAL TO RECORD THE HIGHEST GROWTH RATE DURING THE FORECAST PERIOD
FIGURE 21 INCREASE IN DATA BREACHES IN THE HEALTHCARE VERTICAL
FIGURE 22 MANAGED SECURITY SERVICES MARKET IN ASIA PACIFIC TO GROW AT THE HIGHEST CAGR FROM 2020 TO 2025
FIGURE 23 NORTH AMERICA: MARKET SNAPSHOT
FIGURE 24 ASIA PACIFIC: MARKET SNAPSHOT
FIGURE 25 MANAGED IDENTITY AND ACCESS MANAGEMENT TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD IN APAC
FIGURE 26 RETAIL VERTICAL TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD IN LATIN AMERICA
FIGURE 27 MANAGED SECURITY SERVICES MARKET (GLOBAL), COMPETITIVE LEADERSHIP MAPPING, 2020
FIGURE 28 RANKING OF KEY PLAYERS IN THE MARKET, 2020
FIGURE 29 IBM: COMPANY SNAPSHOT
FIGURE 30 IBM: SWOT ANALYSIS
FIGURE 31 AT&T: COMPANY SNAPSHOT
FIGURE 32 AT&T: SWOT ANALYSIS
FIGURE 33 NTT DATA: COMPANY SNAPSHOT
FIGURE 34 NTT DATA: SWOT ANALYSIS
FIGURE 35 SECUREWORKS: COMPANY SNAPSHOT
FIGURE 36 SECUREWORKS: SWOT ANALYSIS
FIGURE 37 DXC TECHNOLOGY: COMPANY SNAPSHOT
FIGURE 38 DXC TECHNOLOGY: SWOT ANALYSIS
FIGURE 39 BT SECURITY: COMPANY SNAPSHOT
FIGURE 40 ATOS: COMPANY SNAPSHOT
FIGURE 41 INFOSYS: COMPANY SNAPSHOT
FIGURE 42 VERIZON: COMPANY SNAPSHOT
FIGURE 43 COGNIZANT: COMPANY SNAPSHOT

The study involved four major activities to estimate the current size of the Managed Security Services market. Exhaustive secondary research was done to collect information on the MSS market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain using primary research. Both top-down and bottom-up approaches were employed to estimate the overall market size. Thereafter, the market breakup and data triangulation procedures were used to estimate the size of the segments and subsegments of the market.

Secondary Research

In the secondary research process, various secondary sources were referred to, for identifying and collecting information for the study. The secondary sources included annual reports; press releases; investor presentations of MSS vendors; forums; certified publications; and whitepapers such as “Building a Compliance Model: A Delphi Study of Managed Security Service Providers Governing Regulatory Compliance Successfully” by ProQuest Dissertations Publishing, “Ovum Decision Matrix: Managed Security Services Provider Profiles, EMEA, 2018–19” by Orange Cyberdefense, and “Managed security services for small businesses” by Michael Weiss and Steven Muegge of Carleton University to identify and collect information useful for this technical and market-oriented study. The secondary research was mainly used to obtain key information about the industry’s value chain, the total pool of key players, market classification and segmentation, and key developments from both market- and technology-oriented perspectives.

Primary Research

The MSS market comprises several stakeholders, such as service providers, solution vendors, System Integrators (SIs), technology partners, consulting firms, research organizations, managed service providers, government agencies, financial bodies, resellers and distributors, enterprise users, and technology providers. The demand side of the market consists of financial institutions, investors, and insurance companies. The supply side includes MSS providers. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Following is the breakup of the primary respondents:

Managed Security Services Market

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

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the total size of the Managed Security Services Market. These methods were also used extensively to estimate the size of various segments in the market. The research methodology used to estimate the market size includes the following:

  • The key players in the market have been identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
  • All percentage shares, splits, and breakups have been determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size using the market size estimation processes as explained above, the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation and market breakup procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both demand and supply sides.

Report Objectives

  • To determine and forecast the global Managed Security Services Market by type, deployment mode, organization size, vertical, and region from 2020 to 2025, and analyze the various macroeconomic and microeconomic factors that affect the market growth
  • To forecast the size of the market segments with respect to five main regions: North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America
  • To analyze each submarket with respect to individual growth trends, prospects, and contributions to the overall market
  • To provide detailed information about the major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market

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:

Geographic Analysis

  • Further breakup of APAC into countries contributing 75% to the regional Managed Security Services Market size
  • Further breakup of North America into countries contributing 75% to the regional market size
  • Further breakup of Latin America into countries contributing 75% to the regional market size
  • Further breakup of MEA into countries contributing 75% to the regional market size
  • Further breakup of Europe into countries contributing 75% to the regional market size

Company Information

  • Detailed analysis and profiling of additional market players (up to five)

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Report Code
TC 2773
Published ON
May, 2020
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