HOME Top Market Reports Managed Security Services Market by Managed Services (Firewall, (IDS/IPS), Vulnerability Management, UTM, DDOS, Compliance Management, SIEM, Antivirus/Antimalware and Others), Deployment Type, Organization Size, Vertical, and Region - Global Forecast To 2021

Managed Security Services Market by Managed Services (Firewall, (IDS/IPS), Vulnerability Management, UTM, DDOS, Compliance Management, SIEM, Antivirus/Antimalware and Others), Deployment Type, Organization Size, Vertical, and Region - Global Forecast To 2021

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

 

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MarketsandMarkets estimates the Managed Security Services Market 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% from 2016 to 2021.

Objectives of the study:

The main objective of this report is to define, describe, and forecast the managed security services market on the basis of segments which includes services, deployment type, 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 five main regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and 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 and Acquisitions (M&A), new product developments, and Research & Development (R&D) activities in the market.

The research methodology used to estimate and forecast the Market begins with collection and analysis of data on key vendor product offerings and business strategy 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 managed security services 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 sub-segments, which were then verified through primary research by conducting extensive interviews with key people, such as CEOs, 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 sub-segments.

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

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.), HP Enterprises (U.S.), Verizon Communications (U.S.), AT&T (U.S.), Symantec Corporation (U.S.), Fortinet (U.S.) Solutionary Inc. (U.S.), Dell SecureWorks (U.S.), CSC (U.S.), CenturyLink (U.S.), Trustwave (U.S.) and Rapid 7 (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 services market into following submarkets:

  • By Service

    The following services play a major role in managed security service

    • Managed Firewall
    • Managed Intrusion Detection/Prevention System
    • Unified Threat Management
    • Vulnerability Management
    • Compliance Management
    • Distributed Denial Of Service
    • Managed Security Information And Event Management
    • Identity And Access Management
    • Antivirus/Antimalware
    • Others (Web Application And Log Monitoring)
  • By Deployment Type

    There are three deployment alternatives for managed security service

    • On - Premises
    • Hybrid
    • Cloud - based
  • By Organization size

    The various organizations utilizing managed security service practices can be broken down into two types

    • SMEs
    • Large Enterprises
  • By Industry Type

    Managed security service practices can be adopted across various industries.

    • BFSI (Banking, Financial Services and Insurance)
    • Government and Defense
    • Healthcare and Life Sciences
    • Telecom and IT
    • Retail and Consumer Packaged Goods
    • Energy and Utilities
    • Education
    • Others
  • By Region

    The global market for managed security service can be broken down into 5 regions

    • North America
    • Europe
    • Asia Pacific (APAC)
    • Middle East and Africa (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 which gives a detailed comparison of product portfolio of each company

Geographic Analysis

  • Further breakdown of the North Americas Managed Security Services market into countries
  • Further breakdown of the Europe market into countries
  • Further breakdown of the APAC market into countries
  • Further breakdown of the Latin America market into countries
  • Further breakdown of the Middle East and Africa market into countries

Company Information

  • Detailed analysis and profiling of additional market players

Table of Contents

1 Introduction (Page No. - 15)
    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 Services Market
    4.2 Managed Security Services Market Snapshot: By Service, 2016 vs 2021
    4.3 Managed Security Services Market Snapshot: By Deployment Type, 2016–2021
    4.4 Managed Security Services Market Snapshot: By Vertical and Region, 2016
    4.5 Lifecycle Analysis By Region, 2016

5 Market Overview (Page No. - 36)
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 By Service
           5.2.2 By Deployment Type
           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 Staff and Budget Constraints
                    5.3.1.2 Emergence of Iot Technologies
                    5.3.1.3 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 to Counter Advanced Attacks
                    5.3.3.2 Growing Integration of Biometric Sensors in Security-Based Applications
           5.3.4 Challenges
                    5.3.4.1 Potential Attack on Service Provider's IT Infrastructure
                    5.3.4.2 Lack of New Age IT Infrastructure Comprising Heterogeneous Components

6 Industry Trends (Page No. - 43)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Strategic Benchmarking
    6.4 Evolution

7 Compliance in Cyber-Security Service (Page No. - 47)
    7.1 Financial Data Compliance Regulations:
           7.1.1 Payment Card Industry Data Security Standard (PCI-DSS) 3.0 Compliance:
           7.1.2 Sarbanes-Oxley Act (SOX) Compliance:
           7.1.3 Gramm-Leach-Bliley Act (GLBA) Compliance
           7.1.4 Basel Compliance
    7.2 Healthcare Data Compliance Regulations:
           7.2.1 Hipaa/Hitech Compliance
    7.3 Government Data Security Regulations:
           7.3.1 Criminal Justice Information Services (CJIS) Compliance:
           7.3.2 Electronic Identification and Trust Services for Electronic Transactions (EIDAS)
           7.3.3 General Data Protection Regulation (GDPR)
           7.3.4 State Breach Notification Laws
    7.4 Retail:
           7.4.1 PA-DSS Compliance:

8 Managed Security Services Market, By Service (Page No. - 49)
    8.1 Introduction
    8.2 Managed Firewall
    8.3 Managed Intrusion Detection/Prevention System
    8.4 Unified Threat Management
    8.5 Vulnerability Management
    8.6 Compliance Management
    8.7 Distributed Denial of Service
    8.8 Managed Security Information and Event Management
    8.9 Identity and Access Management
    8.10 Antivirus/Antimalware
    8.11 Others

9 Managed Security Services Market, By Deployment Type (Page No. - 61)
    9.1 Introduction
    9.2 Cloud
    9.3 Hybrid
    9.4 On-Premises

10 Managed Security Services Market, By Organization Size (Page No. - 66)
     10.1 Introduction
     10.2 Small and Midsized Enterprises
     10.3 Large Enterprises

11 Managed Security Services Market Analysis, By Vertical (Page No. - 71)
     11.1 Introduction
     11.2 Banking, Financial Services, and Insurance
     11.3 Government and Defense
     11.4 Healthcare and Life Sciences
     11.5 Telecom and IT
     11.6 Retail and Consumer Packaged Goods
     11.7 Energy and Utilities
     11.8 Education
     11.9 Others

12 Geographic Analysis (Page No. - 79)
     12.1 Introduction
     12.2 North America
     12.3 Europe
     12.4 Asia-Pacific
     12.5 Middle East and Africa
     12.6 Latin America

13 Competitive Landscape (Page No. - 99)
     13.1 Overview
     13.2 Competitive Situation and Trends
             13.2.1 New Product Launches
             13.2.2 Partnerships, Agreements, and Collaborations
             13.2.3 Mergers and Acquisitions
     13.3 MnM Dive: Managed Security Services Vendor Scorecard

14 Company Profiles (Page No. - 107)
(Business Overview, Strength of Product Portfolio, Business Strategy Excellence, Recent Developments)*
     14.1 Introduction
     14.2 International Business Machines (IBM) Corporation
     14.3 Hewlett Packard Enterprise (HPE)
     14.4 Verizon Communications, Inc.
     14.5 AT&T, Inc.
     14.6 Symantec Corporation
     14.7 Fortinet, Inc.
     14.8 Solutionary, Inc.
     14.9 Secureworks, Inc.
     14.10 Computer Sciences Corporations
     14.11 Centurylink, Inc.
     14.12 Trustwave Holdings, Inc.
     14.13 Rapid7, Inc.
     14.14 Key Innovators

*Details on Business Overview, Strength of Product Portfolio, Business Strategy Excellence, Recent Developments might not be captured in case of unlisted companies.

15 Appendix (Page No. - 146)
     15.1 Industry Experts
     15.2 Discussion Guide
     15.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     15.4 Introducing RT: Real-Time Market Intelligence
     15.5 Available Customizations
     15.6 Author Details


List of Tables (64 Tables)

Table 1 Managed Security Services Market Size and Growth Rate, 2014–2021 (USD Billion, Y-O-Y %)
Table 2 Managed Security Services Market Size, By Service, 2016–2021 (USD Million)
Table 3 Managed Firewall: Managed Security Services Market Size, By Region, 2016–2021 (USD Million)
Table 4 Managed Intrusion Detection/Prevention System: Managed Security Services Market Size, By Region, 2016–2021 (USD Million)
Table 5 Unified Threat Management: Managed Security Services Market Size, By Region, 2016–2021 (USD Million)
Table 6 Vulnerability Management: Managed Security Services Market Size, By Region, 2016–2021 (USD Million)
Table 7 Compliance Management: Managed Security Services Market Size, By Region, 2016–2021 (USD Million)
Table 8 Distributed Denial of Service: Managed Security Services Market Size, By Region, 2016–2021 (USD Million)
Table 9 Managed Security Information and Event Management: Managed Security Services Market Size, By Region, 2016–2021 (USD Million)
Table 10 Identity and Access Management: Managed Security Services Market Size, By Region, 2016–2021 (USD Million)
Table 11 Antivirus/Antimalware: Managed Security Services Market Size, By Region, 2016–2021 (USD Million)
Table 12 Others: Managed Security Services Market Size, By Region, 2016–2021 (USD Million)
Table 13 Managed Security Services Market Size, By Deployment Type, 2016–2021 (USD Million)
Table 14 Cloud: Managed Security Services Market Size, By Region, 2016–2021 (USD Million)
Table 15 Hybrid: Managed Security Services Market Size, By Region, 2016–2021 (USD Million)
Table 16 On-Premises: Managed Security Services Market Size, By Region, 2016–2021 (USD Million)
Table 17 Managed Security Services Market Size, By Organization Size, 2016–2021 (USD Million)
Table 18 Small and Midsized Enterprises: Managed Security Services Market Size, By Region, 2016–2021 (USD Million)
Table 19 Small and Midsized Enterprises: Managed Security Services Market Size, By Deployment Type, 2016–2021 (USD Million)
Table 20 Large Enterprises: Managed Security Services Market Size, By Region, 2016–2021 (USD Million)
Table 21 Large Enterprises: Managed Security Services Market Size, By Deployment Type, 2016–2021 (USD Million)
Table 22 Managed Security Services Market Size, By Vertical, 2016–2021 (USD Million)
Table 23 Banking, Financial Services, and Insurance: Managed Security Services Market Size, By Region, 2016–2021 (USD Million)
Table 24 Government and Defense: Managed Security Services Market Size, By Region, 2016–2021 (USD Million)
Table 25 Healthcare and Life Sciences: Managed Security Services Market Size, By Region, 2016–2021 (USD Million)
Table 26 Telecom and IT: Managed Security Services Market Size, By Region, 2016–2021 (USD Million)
Table 27 Retail and Consumer Packaged Goods: Managed Security Services Market Size, By Region, 2016–2021 (USD Million)
Table 28 Energy and Utilities: Managed Security Services Market Size, By Region, 2016–2021 (USD Million)
Table 29 Education: Managed Security Services Market Size, By Region, 2016–2021 (USD Million)
Table 30 Others: Managed Security Services 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: Managed Security Services Market Size, By Service, 2016–2021 (USD Million)
Table 33 North America: Managed Security Services Market Size, By Deployment Type, 2016–2021 (USD Million)
Table 34 North America: Managed Security Services Market Size, By Organization Size, 2016–2021 (USD Million)
Table 35 North America: Small and Midsized Enterprises Market Size, By Deployment Type, 2016–2021 (USD Million)
Table 36 North America: Large Enterprises Market Size, By Deployment Type, 2016–2021 (USD Million)
Table 37 North America: Managed Security Services Market Size, By Vertical, 2016–2021 (USD Million)
Table 38 Europe: Managed Security Services Market Size, By Service, 2016–2021 (USD Million)
Table 39 Europe: Managed Security Services Market Size, By Deployment Type, 2016–2021 (USD Million)
Table 40 Europe: Managed Security Services Market Size, By Organization Size, 2016–2021 (USD Million)
Table 41 Europe: Small and Midsized Enterprises Market Size, By Deployment Type, 2016–2021 (USD Million)
Table 42 Europe: Large Enterprises Market Size, By Deployment Type, 2016–2021 (USD Million)
Table 43 Europe: Managed Security Services Market Size, By Vertical, 2016–2021 (USD Million)
Table 44 Asia-Pacific: Managed Security Services Market Size, By Service, 2016–2021 (USD Million)
Table 45 Asia-Pacific: Managed Security Services Market Size, By Deployment Type, 2016–2021 (USD Million)
Table 46 Asia-Pacific: Managed Security Services Market Size, By Organization Size, 2016–2021 (USD Million)
Table 47 Asia-Pacific: Small and Midsized Enterprises Market Size, By Deployment Type, 2016–2021 (USD Million)
Table 48 Asia-Pacific: Large Enterprises Market Size, By Deployment Type, 2016–2021 (USD Million)
Table 49 Asia-Pacific: Managed Security Services Market Size, By Vertical, 2016–2021 (USD Million)
Table 50 Middle East and Africa: Managed Security Services Market Size, By Service, 2016–2021 (USD Million)
Table 51 Middle East and Africa: Managed Security Services Market Size, By Deployment Type, 2016–2021 (USD Million)
Table 52 Middle East and Africa: Managed Security Services Market Size, By Organization Size, 2016–2021 (USD Million)
Table 53 Middle East and Africa: Small and Midsized Enterprises Market Size, By Deployment Type, 2016–2021 (USD Million)
Table 54 Middle East and Africa: Large Enterprises Market Size, By Deployment Type, 2016–2021 (USD Million)
Table 55 Middle East and Africa: Managed Security Services Market Size, By Vertical, 2016–2021 (USD Million)
Table 56 Latin America: Managed Security Services Market Size, By Service, 2016–2021 (USD Million)
Table 57 Latin America: Managed Security Services Market Size, By Deployment Type, 2016–2021 (USD Million)
Table 58 Latin America: Managed Security Services Market Size, By Organization Size, 2016–2021 (USD Million)
Table 59 Latin America: Small and Midsized Enterprises Market Size, By Deployment Type, 2016–2021 (USD Million)
Table 60 Latin America: Large Enterprises Market Size, By Deployment Type, 2016–2021 (USD Million)
Table 61 Latin America: Managed Security Services Market Size, By Vertical, 2016–2021 (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 Global Managed Security Services Market: Research Design
Figure 2 Market Size Estimation Methodology: Bottom-Up Approach
Figure 3 Market Size Estimation Methodology: Top-Down Approach
Figure 4 Market Breakdown and Data Triangulation
Figure 5 Vendor Dive Matrix: Criteria Weightage
Figure 6 Vendor Dive Matrix
Figure 7 Top Three Categories for the Global Managed Security Services Market During 2016
Figure 8 North America is Expected to Hold the Largest Market Share in 2016
Figure 9 Threat Intelligence Sharing is an Opportunity for the Managed Security Services Market in the Forecast Period.
Figure 10 Compliance Management Segment is Expected to Witness the Highest Growth Rate During the Forecast Period
Figure 11 Hybrid Segment is Expected to Grow at the Highest CAGR in the Managed Security Services Market
Figure 12 Banking, Financial Services, and Insurance Vertical is Expected to Hold the Largest Market Share in 2016
Figure 13 Regional Lifecycle: Asia-Pacific is in the Growth Phase and is Soon Expected to Enter the Maturity Phase
Figure 14 Managed Security Services Market Segmentation: By Service
Figure 15 Managed Security Services Market Segmentation: By Deployment Type
Figure 16 Managed Security Services Market Segmentation: By Organization Size
Figure 17 Managed Security Services Market Segmentation: By Vertical
Figure 18 Managed Security Services Market Segmentation: By Region
Figure 19 Managed Security Services Market: Drivers, Restraints, Opportunities, and Challenges
Figure 20 Value Chain of Managed Security Services
Figure 21 Companies Adopted Different Strategies of Managed Security Services
Figure 22 Managed Security Services Market Ecosystem
Figure 23 Compliance Management is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 24 Hybrid Deployment Type is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 25 Small and Medium Enterprises Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 26 Healthcare and Life Sciences Vertical is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 27 Asia-Pacific is Expected to Hold the Largest Market Share During the Forecast Period
Figure 28 North America Market Snapshot
Figure 29 Asia-Pacific Market Snapshot
Figure 30 Companies Adopted New Product Launch as the Key Growth Strategy Between 2014 and 2016
Figure 31 Market Evaluation Framework
Figure 32 Battle for Market Share: New Product Launches and Partnerships Were Key Strategies in the Global Managed Security Services Market During 2014–2016
Figure 33 Evaluation Overview: Service Offerings
Figure 34 Evaluation Overview: Business Strategy
Figure 35 Geographic Revenue Mix of Top 5 Market Players
Figure 36 IBM Corporation: Company Snapshot
Figure 37 IBM Corporation: SWOT Analysis
Figure 38 Hewlett Packard Enterprise: Company Snapshot
Figure 39 HP Enterprise: SWOT Analysis
Figure 40 Verizon Communications, Inc.: Business Overview
Figure 41 Verizon Communications, Inc.: SWOT Analysis
Figure 42 AT&T, Inc.: Company Snapshot
Figure 43 AT&T Inc.: SWOT Analysis
Figure 44 Symantec Corporation: Company Snapshot
Figure 45 Symantec Corporation: SWOT Analysis
Figure 46 Fortinet, Inc.: Company Snapshot
Figure 47 Computer Sciences Corporations: Company Snapshot
Figure 48 Centurylink, Inc.: Company Snapshot
Figure 49 Rapid7: Company Snapshot
Figure 50 Rapid7: SWOT Analysis

The managed security services 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 market.

The managed security services 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 services 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 services 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 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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