Managed Security Services Market by Type (Managed IAM, Managed Firewall, Managed DLP, Managed IDS/IPS, Managed Encryption, Managed SIEM, Managed UTM), Security Type, Organization Size, Deployment Mode, Vertical, and Region - Global Forecast to 2023
[163 Pages Report] MarketsandMarkets forecasts the global Managed Security Services (MSS) market size to grow from USD 24,046 million in 2018 to USD 47,648 million by 2023, at a Compound Annual Growth Rate (CAGR) of 14.7% during 20182023. Major growth drivers for the market include stringent government regulations, increasing sophistication levels of cyber-attacks, growing BYOD trend among organizations and cost-effectiveness in implementing services.
Attractive Opportunities in the Managed Security Services Market
See how this study impacted revenues for other players in Managed Security Services Market
Clients Problem Statement
The client wanted information about the market potential across the Asia Pacific, especially the Australia & New Zealand region in the managed security services market. The firm also wanted to know the rate of adoption of managed endpoint security services across the Asia Pacific region.
MnM Approach
MnM was engaged to conduct a study with the below-mentioned multiple objectives, which were achieved to the satisfaction of the client.
A detailed competitive landscape for the Asia Pacific region, especially Australia & New Zealand, along with the benchmarking of the key vendors was provided to the client
Detailed information about the rate of adoption of managed endpoint security services across the Asia Pacific region was also provided to the client
Market sizing and forecast across various security types such as managed network security, managed endpoint security, managed application security, and managed cloud security were provided to the client for the Asia Pacific region
Revenue Impact (RI)
Our analysis helped the client understand the market potential for managed security services across the Asia Pacific region and target opportunities worth USD 1,171 million in the said geography.
Source: Investor Presentation, Secondary Literature, Expert Interviews, and MarketsandMarkets Analysis
By type, the managed encryption segment is expected to grow at the highest growth rate during the forecast period
The managed encryption type in the MSS market is expected to grow at the highest CAGR during the forecast period, due the increasing organizational need to protect the confidentiality and integrity of digital data. Many organizations are moving toward the cloud for cost-savings, agility, and flexibility, and this makes their critical data vulnerable to cyber-attacks. The managed encryption would also protect cloud data from unauthorized access by making the information unreadable. Hence, it is expected to be growing at the highest rate in the market.
By vertical, the BFSI segment is expected to hold the largest market size in the MSS market in 2018
BFSI is the industry term for commercial banks, insurance institutes, and non-banking financial organizations that provide financial products and services. The BFSI vertical attracts cybercriminals, as it holds very sensitive information about employees, customers, assets, offices, branches, and operations. Therefore, this vertical is always on the lookout for security products and services. Moreover, this vertical is always improving its processing and transaction technologies. The banking industry frequently keeps introducing new and improved financial products and services to improve its business operations, which is why cybercriminals are attracted toward this vertical to grab sensitive customer information. Smart banking, internet banking, and mobile banking are frequently used by customers, so it has become mandatory for the BFSI vertical to prioritize cybersecurity. The IT leaders believe that organizations should increase their budget for cybersecurity and follow a robust cybersecurity strategy.
Source: MarketsandMarkets Analysis
North America to account for the largest market size during the forecast period.
The MSS market is expected to be witnessing growth opportunities in this region, with the major players focusing on expanding their presence in various verticals, such as retail, BFSI, and healthcare. Quite similar to North America, enterprises in this region have been demonstrating a progressive growth in the implementation of MSS, due to the presence of a large number of MSSPs and provision of substantial IT budgets. In addition to this, the growing need for strong security measures and compliance management, owing to the increase in internet usage and online applications, has made the European region more lucrative for the MSSPs.
Market Dynamics
Source: Investor Presentation, Secondary Literature, Expert Interviews, and MarketsandMarkets Analysis
Stringent government regulations
The constantly evolving threat landscape has given rise to a large number of government regulations globally, which need to be strictly followed by all the organizations. Organizations are bound to meet mandatory security standards, failing which, a hefty amount of fine is levied. Various regulatory compliances are designed for various industries to provide a standard for protection of data in industries. These compliances not only assure organizations of their data safety, but also enable them to tackle security-related issues effectively. Regulatory compliances such as HIPAA and Health Information Technology for Economic and Clinical Health (HITECH) Act regulate the healthcare sector by providing security to Electronic Health Records (EHRs). The PCI-DSS and the Department of Defense Information Assurance Certification and Accreditation Process highlight various guidelines and security features to be strictly followed by the organizations in the US. In Europe, the European Union Agency for Network and Information Security (ENISA) provides regulations, such as (EU) No 526/2013, which binds organizations to maintain network and information security, and follow the best practices in deploying business services. Thus, the government mandates and regulatory compliances are pushing organizations to deploy security solutions and services to ensure information security, and this is expected to drive the growth of the MSS market.
Lack of trust on third-party applications to share sensitive data
Outsourcing security operations to a third-party service provider involves multiple considerations, such as security of the third-partys infrastructure itself and the loss of control. It is essential that the service providers infrastructure is secured and up-to-date to be able to combat the latest threats. Since the service providers infrastructure may hold vital data of multiple organizations, it is highly susceptible to repeated and complex attacks; this can be a deterrent for companies to hand over their data to these service providers. In certain cases, the top management of organizations might not be willing to let go of the control over vital aspects of their infrastructure. Other factors such as hidden costs, the quality of service provided, and lack of trust on the service providers, may limit the growth of this market.
Increased adoption of cloud services among SMEs
With various advantages, such as cost-effectiveness, dynamic access to data, and reduced turnaround time for business processes, which come with the adoption of cloud services, a number of SMEs, as well as large enterprises, are inclined toward having the maximum control over their data and infrastructure in the cloud globally. For this, they are keen on utilizing the benefits of cloud security solutions for greater security and access to data. These solutions have distinctive features, such as security policy enforcement, various compliances, IAM, encryption, SIEM, and malware detection and prevention, which can be utilized by MSSPs. Due to these benefits, many large enterprises and SMEs are moving their businesses to the cloud to deliver excellent services. With the reduced cost of implementation of these services, the SMES have become more inclined toward adopting cloud-based security solutions, and this opportunity can be utilized by the MSSPs for offering custom-based security services to enterprises
Lack of competent security professionals to handle challenging environments
The biggest challenge organizations are facing today is the lack of cybersecurity skills. This is known to be hampering organizations ability to meet their evolving IT security needs. Many organizations hire security professionals who lack the right skill to analyze and identify advanced threats while under a cyber-attack. Furthermore, the companies with pressing cybersecurity needs are facing a major lack of qualified professionals, which makes them vulnerable to cyber-attacks. This underscores the need for better access to cybersecurity training, which can introduce new talent into the field quickly, help close the cybersecurity skills gap, and make companies more secure. Therefore, the lack of competent cybersecurity professionals is expected to be a big challenge for the growth of the entire MSS market.
Scope of the Report
|
Report Metric |
Details |
|
Market size available for years |
20162023 |
|
Base year considered |
2017 |
|
Forecast period |
20182023 |
|
Forecast units |
Million (USD) |
|
Segments covered |
Type, Security type, Organization size, Deployment mode, Vertical and Region |
|
Geographies covered |
North America, Europe, APAC, MEA and Latin America |
|
Companies covered |
IBM (US), SecureWorks (US), Symantec (US), Trustwave (US), Verizon (US), AT&T (US), Atos (France), BAE Systems (UK), BT (UK),CenturyLink (US),DXC (US),Fortinet (US),Fujitsu (Japan), NTT Security (Japan), Wipro (India), Accenture (EU), Alert Logic (US), Cipher (US), Happiest Minds (India), HCL (India), Hitachi Systems Security (US), Optiv (US), Paladion (India), Rapid7 (US), Unisys (US) |
The research report categorizes the managed security services to forecast the revenues and analyze the trends in each of the following sub-segments:
Source: Investor Presentation, Secondary Literature, Expert Interviews, and MarketsandMarkets Analysis
Managed Security Services Market, By Type
- Managed Identity and Access Management
- Managed Antivirus/Anti-Malware
- Managed Firewall
- Managed Risk and Compliance Management
- Managed Vulnerability Management
- Managed Security Information and Event Management
- Manged Intrusion Detection System/ Intrusion Prevention System
- Managed Disaster Recovery
- Managed Unified Threat Management
- Managed Encryption
- Managed Data Loss Prevention
- Managed Distributed Denial Of Service Mitigation
- Others
Managed Security Services Market, By Security Type
- Managed Network Security
- Managed Endpoint Security
- Managed Application Security
- Managed Cloud Security
- Others
Managed Security Services Market, By Organization Size
- Small and Medium-Sized Enterprises
- Large Enterprises
Managed Security Services Market, By Deployment Mode
- On-Premises
- Cloud
Managed Security Services Market, By Vertical
- Banking Financial Services and Insurance
- Government and Defense
- Telecom and IT
- Healthcare
- Energy and Utilities
- Manufacturing
- Retail
- Others
Managed Security Services Market, By Region
- North America
- Europe
- Asia Pacific (APAC)
- Middle East and Africa (MEA)
- Latin America
Key Market Players
Major vendors in the global managed security services market include IBM (US), SecureWorks (US), Symantec (US), Trustwave (US), Verizon (US), AT&T (US), Atos (France), BAE Systems (UK), BT (UK),CenturyLink (US),DXC (US),Fortinet (US),Fujitsu (Japan), NTT Security (Japan), Wipro (India).These vendors have adopted various organic and inorganic growth strategies, such as new product launches, partnerships and collaborations, and mergers and acquisitions, to further expand their presence in the global managed security services market.
IBM is among the leading vendors offering managed security services. In the MSS domain, the company offers a range of solutions to its customers, such as Firewall Management, Hosted Vulnerability Management Services, Information Event Management, Intelligent Log Management on Cloud, Intrusion Detection and Prevention System Management, Managed Data Protection Services for Guardium, MDR Services, and Managed Protection Services. The company has been continuously increasing its expenditure on R&D to provide advanced and vital solutions in the field of security and cloud. The company has also released several new products to tackle the security challenges. For instance, it has launched 2 new security testing services through its IBM X-Force platform for automotive security and IoT.
Recent Developments
- In September 2018, Accenture collaborated with SAP to develop the SAP S/4HANA cloud solution for helping oil and gas companies reduce their operational costs.
- In September 2018, Wipro partnered with Anaplan, a provider of cloud-based business planning and performance management platform, to offer cloud-based EPM solutions, which help clients automate their enterprise functions across verticals.
- In June 2018, Unisys launched Unisys CloudForte, a comprehensive managed service offering, for helping federal agencies securely move their data and applications to AWS.
- In May 2018, DXC Technology launched DXC Platform-as-a-Service (PaaS) for SAP solutions on AWS cloud to provide a cost-effective way for its users to migrate their SAP solutions to an automated on-demand cloud platform.
- In March 2018, IBM announced the expansion of its MaaS360 with Watson tool to IBM Security App Exchange. This availability of tool on app exchange would help the users to find the collection of several apps with enhanced unified endpoint management capabilities.
- In February 2018, Symantec joined hands with Microsoft to provide enhanced security to Microsoft Azure. The customers can leverage the advantage of Symantec Web Security service to get protection against cyber threats in the cloud environments
- In January 2018, SecureWorks allied with the Trusted Government IT Solutions provider, Carahsoft Technology, Corp., to provide early warning systems which was driven by real-time threat intelligence to the government and educational institutions. These systems enable the organizations to not only prevent any cybersecurity breaches but also to protect the critical data and systems they oversee.
Critical questions the report answers:
- What are the current trends that are driving the managed security services market?
- In which application, most of the verticals are deploying managed security services?
- Where will all these developments take the industry in the mid to long term?
- Who are the top vendors in the managed security services market and what is their competitive analysis?
- What are the drivers and challenges of the managed security services market?
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
Table of Contents
1 Introduction
1.1 Objectives Of The Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Market Segmentation
1.3.2 Regions Covered
1.4 Years Considered For The Study
1.5 Currency
1.6 Stakeholders
2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Breakdown Of Primaries
2.1.2.2 Key Industry Insights
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Research Assumptions and Limitations
2.3.1 Limitations
3 Executive Summary
4 Premium Insights
4.1 Attractive Market Opportunities In The Managed Security Services Market
4.2 Market Share Of Top 3 Types and Top 3 Regions, 2018
4.3 Market By Security Type, 2018
4.4 Market By Organization Size, 2018
4.5 Market By Deployment Mode, 2018
4.6 Market Investment Scenario
4.7 Market Top 3 Verticals
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Stringent Government Regulations
5.2.1.2 Increasing Sophistication Levels Of Cyber-Attacks
5.2.1.3 Growing BYOD Trend Among Organizations
5.2.1.4 Cost-Effectiveness In Implementing Services
5.2.2 Restraints
5.2.2.1 Lack Of Trust On Third-Party Applications To Share Sensitive Data
5.2.3 Opportunities
5.2.3.1 Threat Intelligence Sharing To Counter Advanced Attacks
5.2.3.2 Increasing Adoption Of Cloud Services Among SMEs
5.2.3.3 Growing Demand For Integrated and Next-Generation Security Solutions and Services
5.2.4 Challenges
5.2.4.1 Lack Of Competent Security Professionals To Handle Challenging Environments
5.3 Regulatory Implications
5.3.1 Payment Card Industry Data Security Standard
5.3.2 Health Insurance Portability and Accountability Act
5.3.3 Gramm-Leach-Bliley Act
5.3.4 Sarbanes-Oxley Act
6 Managed Security Services Market, By Type
6.1 Introduction
6.2 Managed Identity and Access Management
6.2.1 Market Estimates and Forecasts, 2016 - 2023 (USD Million)
6.2.2 Market Estimates and Forecasts, By Region, 2016 - 2023 (USD Million)
6.3 Managed Antivirus/Anti-Malware
6.3.1 Market Estimates and Forecasts, 2016 - 2023 (USD Million)
6.3.2 Market Estimates and Forecasts, By Region, 2016 - 2023 (USD Million)
6.4 Managed Firewall
6.4.1 Market Estimates and Forecasts, 2016 - 2023 (USD Million)
6.4.2 Market Estimates and Forecasts, By Region, 2016 - 2023 (USD Million)
6.5 Managed Risk and Compliance Management
6.5.1 Market Estimates and Forecasts, 2016 - 2023 (USD Million)
6.5.2 Market Estimates and Forecasts, By Region, 2016 - 2023 (USD Million)
6.6 Managed Vulnerability Management
6.6.1 Market Estimates and Forecasts, 2016 - 2023 (USD Million)
6.6.2 Market Estimates and Forecasts, By Region, 2016 - 2023 (USD Million)
6.7 Managed Security Information and Event Management
6.7.1 Market Estimates and Forecasts, 2016 - 2023 (USD Million)
6.7.2 Market Estimates and Forecasts, By Region, 2016 - 2023 (USD Million)
6.8 Managed Intrusion Detection System/Intrusion Prevention System
6.8.1 Market Estimates and Forecasts, 2016 - 2023 (USD Million)
6.8.2 Market Estimates and Forecasts, By Region, 2016 - 2023 (USD Million)
6.9 Managed Disaster Recovery
6.9.1 Market Estimates and Forecasts, 2016 - 2023 (USD Million)
6.9.2 Market Estimates and Forecasts, By Region, 2016 - 2023 (USD Million)
6.10 Managed Unified Threat Management
6.10.1 Market Estimates and Forecasts, 2016 - 2023 (USD Million)
6.10.2 Market Estimates and Forecasts, By Region, 2016 - 2023 (USD Million)
6.11 Managed Encryption
6.11.1 Market Estimates and Forecasts, 2016 - 2023 (USD Million)
6.11.2 Market Estimates and Forecasts, By Region, 2016 - 2023 (USD Million)
6.12 Managed Data Loss Prevention
6.12.1 Market Estimates and Forecasts, 2016 - 2023 (USD Million)
6.12.2 Market Estimates and Forecasts, By Region, 2016 - 2023 (USD Million)
6.13 Managed Distributed Denial Of Service Mitigation
6.13.1 Market Estimates and Forecasts, 2016 - 2023 (USD Million)
6.13.2 Market Estimates and Forecasts, By Region, 2016 - 2023 (USD Million)
6.14 Others
6.14.1 Market Estimates and Forecasts, 2016 - 2023 (USD Million)
6.14.2 Market Estimates and Forecasts, By Region, 2016 - 2023 (USD Million)
7 Managed Security Services Market, By Security Type
7.1 Introduction
7.2 Managed Network Security
7.2.1 Market Estimates and Forecasts, 2016 - 2023 (USD Million)
7.2.2 Market Estimates and Forecasts, By Region, 2016 - 2023 (USD Million)
7.3 Managed Endpoint Security
7.3.1 Market Estimates and Forecasts, 2016 - 2023 (USD Million)
7.3.2 Market Estimates and Forecasts, By Region, 2016 - 2023 (USD Million)
7.4 Managed Application Security
7.4.1 Market Estimates and Forecasts, 2016 - 2023 (USD Million)
7.4.2 Market Estimates and Forecasts, By Region, 2016 - 2023 (USD Million)
7.5 Managed Cloud Security
7.5.1 Market Estimates and Forecasts, 2016 - 2023 (USD Million)
7.5.2 Market Estimates and Forecasts, By Region, 2016 - 2023 (USD Million)
7.6 Others
7.6.1 Market Estimates and Forecasts, 2016 - 2023 (USD Million)
7.6.2 Market Estimates and Forecasts, By Region, 2016 - 2023 (USD Million)
8 Managed Security Services Market, By Organization Size
8.1 Introduction
8.2 Large Enterprises
8.2.1 Market Estimates and Forecasts, 2016 - 2023 (USD Million)
8.2.2 Market Estimates and Forecasts, By Region, 2016 - 2023 (USD Million)
8.3 Small and Medium-Sized Enterprises
8.3.1 Market Estimates and Forecasts, 2016 - 2023 (USD Million)
8.3.2 Market Estimates and Forecasts, By Region, 2016 - 2023 (USD Million)
9 Managed Security Services Market, By Deployment Mode
9.1 Introduction
9.2 On-Premises
9.2.1 Market Estimates and Forecasts, 2016 - 2023 (USD Million)
9.2.2 Market Estimates and Forecasts, By Region, 2016 - 2023 (USD Million)
9.3 Cloud
9.3.1 Market Estimates and Forecasts, 2016 - 2023 (USD Million)
9.3.2 Market Estimates and Forecasts, By Region, 2016 - 2023 (USD Million)
10 Managed Security Services Market, By Vertical
10.1 Introduction
10.2 Banking, Financial Services, and Insurance
10.2.1 Market Estimates and Forecasts, 2016 - 2023 (USD Million)
10.2.2 Market Estimates and Forecasts, By Region, 2016 - 2023 (USD Million)
10.3 Government and Defense
10.3.1 Market Estimates and Forecasts, 2016 - 2023 (USD Million)
10.3.2 Market Estimates and Forecasts, By Region, 2016 - 2023 (USD Million)
10.4 Telecom and It
10.4.1 Market Estimates and Forecasts, 2016 - 2023 (USD Million)
10.4.2 Market Estimates and Forecasts, By Region, 2016 - 2023 (USD Million)
10.5 Healthcare
10.5.1 Market Estimates and Forecasts, 2016 - 2023 (USD Million)
10.5.2 Market Estimates and Forecasts, By Region, 2016 - 2023 (USD Million)
10.6 Energy and Utilities
10.6.1 Market Estimates and Forecasts, 2016 - 2023 (USD Million)
10.6.2 Market Estimates and Forecasts, By Region, 2016 - 2023 (USD Million)
10.7 Manufacturing
10.7.1 Market Estimates and Forecasts, 2016 - 2023 (USD Million)
10.7.2 Market Estimates and Forecasts, By Region, 2016 - 2023 (USD Million)
10.8 Retail
10.8.1 Market Estimates and Forecasts, 2016 - 2023 (USD Million)
10.8.2 Market Estimates and Forecasts, By Region, 2016 - 2023 (USD Million)
10.9 Other
10.9.1 Market Estimates and Forecasts, 2016 - 2023 (USD Million)
10.9.2 Market Estimates and Forecasts, By Region, 2016 - 2023 (USD Million)
11 Managed Security Services Market, By Region
11.1 Introduction
11.2 North America
11.2.1 Market Estimates and Forecasts, 2016 - 2023 (USD Million)
11.2.2 Market Estimates and Forecasts, By Region, 2016 - 2023 (USD Million)
11.3 Europe
11.3.1 Market Estimates and Forecasts, 2016 - 2023 (USD Million)
11.3.2 Market Estimates and Forecasts, By Region, 2016 - 2023 (USD Million)
11.4 Asia Pacific
11.4.1 Market Estimates and Forecasts, 2016 - 2023 (USD Million)
11.4.2 Market Estimates and Forecasts, By Region, 2016 - 2023 (USD Million)
11.5 Middle East and Africa
11.5.1 Market Estimates and Forecasts, 2016 - 2023 (USD Million)
11.5.2 Market Estimates and Forecasts, By Region, 2016 - 2023 (USD Million)
11.6 Latin America
11.2.1 Market Estimates and Forecasts, 2016 - 2023 (USD Million)
11.6.2 Market Estimates and Forecasts, By Region, 2016 - 2023 (USD Million)
12 Competitive Landscape
12.1 Overview
12.2 Micro Quadrant
12.3 Competitive Scenario
12.3.1 New Service Launches and Service Upgradations
12.3.2 Partnerships, Collaborations, and Agreements
12.3.3 Acquisitions
12.3.4 Business Expansions
13 Company Profiles
13.1 IBM
13.1.1 Business Overview
13.1.2 Products Offered
13.1.3 Recent Developments
13.1.4 Swot Analysis
13.1.5 MnM View
13.2 SecureWorks
13.2.1 Business Overview
13.2.2 Products Offered
13.2.3 Recent Developments
13.2.4 Swot Analysis
13.2.5 MnM View
13.3 Symantec
13.3.1 Business Overview
13.3.2 Products Offered
13.3.3 Recent Developments
13.3.4 Swot Analysis
13.3.5 MnM View
13.4 Trustwave
13.4.1 Business Overview
13.4.2 Products Offered
13.4.3 Recent Developments
13.4.4 Swot Analysis
13.4.5 MnM View
13.5 Verizon
13.5.1 Business Overview
13.5.2 Products Offered
13.5.3 Recent Developments
13.5.4 Swot Analysis
13.5.5 MnM View
13.6 AT&T
13.6.1 Business Overview
13.6.2 Products Offered
13.6.3 Recent Developments
13.6.4 MnM View
13.7 Atos
13.7.1 Business Overview
13.7.2 Products Offered
13.7.3 Recent Developments
13.7.4 MnM View
13.8 Bae Systems
13.8.1 Business Overview
13.8.2 Products Offered
13.8.3 Recent Developments
13.8.4 MnM View
13.9 British Telecom (BT)
13.9.1 Business Overview
13.9.2 Products Offered
13.9.3 Recent Developments
13.9.4 MnM View
13.10 CenturyLink
13.10.1 Business Overview
13.10.2 Products Offered
13.10.3 Recent Developments
13.10.4 MnM View
13.11 DXC
13.12 Fortinet
13.13 Fujitsu
13.14 NTT Security
13.15 Wipro
13.16 Accenture
13.17 Alert Logic
13.18 Cipher
13.19 Happiest Minds
13.20 HCL
13.21 Hitachi Systems Security
13.22 Optiv Security
13.23 Paladion
13.24 Rapid7
13.25 Unisys
*Details On Business Overview, Products & Services, Key Insights, Recent Developments, Swot Analysis, MnM View Might Not Be Captured In Case Of Unlisted Companies.
14 Appendix
14.1 Discussion Guide
14.2 Knowledge Store: Marketsandmarkets Subscription Portal
14.3 Introducing RT: Real-Time Market Intelligence
14.4 Available Customizations
14.5 Related Reports
14.6 Author Details
List of Tables (67 Tables)
Table 1 Managed Security Services Market Size and Growth Rate, 20162023 (USD Million, Y-O-Y %)
Table 2 Market Size By Type, 20162023 (USD Million)
Table 3 Managed Identity and Access Management: Market Size By Region, 20162023 (USD Million)
Table 4 Managed Antivirus/Anti-Malware: Market Size By Region, 20162023 (USD Million)
Table 5 Managed Firewall: Managed Security Services Market Size, By Region, 20162023 (USD Million)
Table 6 Managed Risk and Compliance Management: Market Size By Region, 20162023 (USD Million)
Table 7 Managed Vulnerability Management: Market Size By Region, 20162023 (USD Million)
Table 8 Managed Security Information and Event Management: Market Size By Region, 20162023 (USD Million)
Table 9 Managed Intrusion Detection System/Intrusion Prevention System: Market Size By Region, 20162023 (USD Million)
Table 10 Managed Disaster Recovery: Market Size By Region, 20162023 (USD Million)
Table 11 Managed Unified Threat Management: Market Size By Region, 20162023 (USD Million)
Table 12 Managed Encryption: Market Size By Region, 20162023 (USD Million)
Table 13 Managed Data Loss Prevention: Market Size By Region, 20162023 (USD Million)
Table 14 Managed Distributed Denial Of Service Mitigation: Market Size By Region, 20162023 (USD Million)
Table 15 Others: Market Size By Region, 20162023 (USD Million)
Table 16 Managed Security Services Market Size, By Security Type, 20162023 (USD Million)
Table 17 Managed Network Security: Market Size By Region, 20162023 (USD Million)
Table 18 Managed Endpoint Security: Market Size By Region, 20162023 (USD Million)
Table 19 Managed Application Security: Market Size By Region, 20162023 (USD Million)
Table 20 Managed Cloud Security: Market Size By Region, 20162023 (USD Million)
Table 21 Others: Market Size By Region, 20162023 (USD Million)
Table 22 Managed Security Services Market Size, By Organization Size, 20162023 (USD Million)
Table 23 Large Enterprises: Market Size By Region, 20162023 (USD Million)
Table 24 Small and Medium-Sized Enterprises: Market Size By Region, 20162023 (USD Million)
Table 25 Managed Security Services Market Size, By Deployment Mode, 20162023 (USD Million)
Table 26 On-Premises: Market Size By Region, 20162023 (USD Million)
Table 27 Cloud: Market Size By Region, 20162023 (USD Million)
Table 28 Managed Security Services Market Size, By Vertical, 20162023 (USD Million)
Table 29 Banking, Financial Services, and Insurance: Market Size By Region, 20162023 (USD Million)
Table 30 Government and Defense: Market Size By Region, 20162023 (USD Million)
Table 31 Telecom and It: Market Size By Region, 20162023 (USD Million)
Table 32 Healthcare: Market Size By Region, 20162023 (USD Million)
Table 33 Energy and Utilities: Market Size By Region, 20162023 (USD Million)
Table 34 Manufacturing: Market Size By Region, 20162023 (USD Million)
Table 35 Retail: Market Size By Region, 20162023 (USD Million)
Table 36 Others: Market Size By Region, 20162023 (USD Million)
Table 37 Managed Security Services Market Size, By Region, 20162023 (USD Million)
Table 38 North America: Managed Security Services Market Size, By Type, 20162023 (USD Million)
Table 39 North America: Market Size By Security Type, 20162023 (USD Million)
Table 40 North America: Market Size By Organization Size, 20162023 (USD Million)
Table 41 North America: Market Size By Deployment Mode, 20162023 (USD Million)
Table 42 North America: Market Size By Vertical, 20162023 (USD Million)
Table 43 Europe: Managed Security Services Market Size, By Type, 20162023 (USD Million)
Table 44 Europe: Market Size By Security Type, 20162023 (USD Million)
Table 45 Europe: Market Size By Organization Size, 20162023 (USD Million)
Table 46 Europe: Market Size By Deployment Mode, 20162023 (USD Million)
Table 47 Europe: Market Size By Vertical, 20162023 (USD Million)
Table 48 Asia Pacific: Managed Security Services Market Size, By Type, 20162023 (USD Million)
Table 49 Asia Pacific: Market Size By Security Type, 20162023 (USD Million)
Table 50 Asia Pacific: Market Size By Organization Size, 20162023 (USD Million)
Table 51 Asia Pacific: Market Size By Deployment Mode, 20162023 (USD Million)
Table 52 Asia Pacific: Market Size By Vertical, 20162023 (USD Million)
Table 53 Middle East and Africa: Managed Security Services Market Size, By Type, 20162023 (USD Million)
Table 54 Middle East and Africa: Market Size By Security Type, 20162023 (USD Million)
Table 55 Middle East and Africa: Market Size By Organization Size, 20162023 (USD Million)
Table 56 Middle East and Africa: Market Size By Deployment Mode, 20162023 (USD Million)
Table 57 Middle East and Africa: Market Size By Vertical, 20162023 (USD Million)
Table 58 Latin America: Managed Security Services Market Size, By Type, 20162023 (USD Million)
Table 59 Latin America: Market Size By Security Type, 20162023 (USD Million)
Table 60 Latin America: Market Size By Organization Size, 20162023 (USD Million)
Table 61 Latin America: Market Size By Deployment Mode, 20162023 (USD Million)
Table 62 Latin America: Market Size By Vertical, 20162023 (USD Million)
Table 63 Managed Security Services Market: Ranking Analysis
Table 64 New Service Launches and Service Upgradations, 2016-2017
Table 65 Partnerships, Collaborations, and Agreements, 20172018
Table 66 Acquisitions, 20162018
Table 67 Business Expansions, 2017
List of Figures (48 Figures)
Figure 1 Global Market Segmentation
Figure 2 Global Managed Security Services Market: Research Design
Figure 3 Breakdown Of Primary Interviews: By Company, Designation, and Region
Figure 4 Data Triangulation
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
Figure 6 Market Size Estimation Methodology: Top-Down Approach
Figure 7 Assumptions
Figure 8 Managed Security Services Market Size, By Type
Figure 9 North America Is Estimated To Hold The Largest Market Share In 2018
Figure 10 Top 3 Revenue Segments Of The Managed Security Services Market
Figure 11 Increasing Sophistication Levels Of Cyber-Attacks Are Expected To Boost The Growth Of The Managed Security Services Market
Figure 12 Managed Identity and Access Management Segment and North American Region Are Estimated To Have The Largest Market Shares In 2018
Figure 13 Managed Network Security Type Is Estimated To Have The Largest Market Share In 2018
Figure 14 Large Enterprises Segment Is Expected To Have The Larger Market Share In 2018
Figure 15 On-Premises Deployment Mode Is Estimated To Have The Larger Market Share In 2018
Figure 16 Asia Pacific Is Expected To Emerge As The Best Market For Investments In The Next 5 Years
Figure 17 Banking, Financial Services, and Insurance Vertical Is Estimated To Have The Largest Market Size By 2023
Figure 18 Managed Security Services Market: Drivers, Restraints, Opportunities, and Challenges
Figure 19 Managed Identity and Access Management Segment Is Expected To Have The Largest Market Size During The Forecast Period
Figure 20 Managed Application Security Type Is Expected To Grow At The Highest CAGR During The Forecast Period
Figure 21 Large Enterprises Segment Is Expected To Hold The Larger Market Size During The Forecast Period
Figure 22 On-Premises Deployment Mode Is Expected To Hold The Larger Market Size During The Forecast Period
Figure 23 Healthcare Vertical Is Expected To Grow At The Highest CAGR During The Forecast Period
Figure 24 North America Is Expected To Have The Largest Market Size During The Forecast Period
Figure 25 North America: Market Snapshot
Figure 26 Asia Pacific: Market Snapshot
Figure 27 Key Developments By The Leading Players In The Managed Security Services Market, 20172018
Figure 28 IBM: Company Snapshot
Figure 29 IBM: Swot Analysis
Figure 30 SecureWorks: Company Snapshot
Figure 31 SecureWorks: Swot Analysis
Figure 32 Symantec: Company Snapshot
Figure 33 Symantec: Swot Analysis
Figure 34 Trustwave: Swot Analysis
Figure 35 Verizon: Company Snapshot
Figure 36 Verizon: Swot Analysis
Figure 37 AT&T: Company Snapshot
Figure 38 Atos: Company Snapshot
Figure 39 Bae Systems: Company Snapshot
Figure 40 British Telecom (BT): Company Snapshot
Figure 41 CenturyLink: Company Snapshot
Figure 42 Fortinet: Company Snapshot
Figure 43 Fujitsu: Company Snapshot
Figure 44 Wipro: Company Snapshot
Figure 45 Accenture: Company Snapshot
Figure 46 HCL: Company Snapshot
Figure 47 Rapid7: Company Snapshot
Figure 48 Unisys: Company Snapshot
The global Managed Security Services (MSS) market size was USD 20.81 billion in 2017 and is expected to reach USD 47.65 billion by 2023, growing at a Compound Annual Growth Rate (CAGR) of 14.7% during the forecast period. The base year considered for this study is 2017, and the forecast period is 20182023.
Objectives of the Study
- To define, describe, and forecast the MSS market by type, security type, deployment mode, organization size, vertical, and region
- To provide detailed information about the major factors influencing the growth of the MSS market (drivers, restraints, opportunities, and challenges)
- To analyze the micromarkets1 with respect to individual growth trends, prospects, and contributions to the total market
- To analyze the opportunities in the market for stakeholders by identifying the high-growth segments of the MSS market
- To forecast the market size of the market segments with respect to 5 main regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America
- To profile the key players of the MSS market and comprehensively analyze their market size and core competencies2 in the market
- To track and analyze competitive developments, such as new product launches; mergers and acquisitions; and partnerships, agreements, and collaborations in the global MSS market
The research methodology used to estimate and forecast the MSS market began with capturing the data of the revenues of the key vendors through secondary sources, such as annual reports and press releases of major companies in the market; associations and consortiums, such as RSA Security, the SANS Institute, SC Magazine; and databases, such as Factiva, Bloomberg BusinessWeek, company websites, and news articles. Vendor offerings were also taken into consideration to determine the market segmentation. The bottom-up procedure was employed to arrive at the overall market size of the global MSS market from the revenues of the key players 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 arrive at the exact statistics for all segments. The breakdown of primary participants is depicted in the figure below:
To know about the assumptions considered for the study, download the pdf brochure
The MSS ecosystem comprises MSSPs, such as IBM (US), SecureWorks (US), Symantec (US), Trustwave (US), Verizon(US), AT&T (US), Atos (France), BAE Systems (UK), BT (UK), CenturyLink (US), CIPHER (US), DXC (US), Fortinet (US), Fujitsu (Japan), NTT Security (Japan), and Wipro (India). The other stakeholders of the MSS market include, cybersecurity vendors, government agencies, and system integrators.
Key Target Audience
- Managed Security Service Providers (MSSPs)
- System integrators
- Cybersecurity vendors
- Government agencies
- Value-added resellers
- Research organizations
- IT security agencies
- IT associations
- Investors and venture capitalists
- Defense organizations
- Consulting firms
- Value-added Resellers (VARs)
The research study answers several questions for the stakeholders, primarily which market segments to focus in the next 2 to 5 years for prioritizing the efforts and investments.
Available Customizations
With the given market data, MarketsandMarkets offers customizations based on the company-specific needs. The following customization options are available for the report:
Geographic Analysis
- Further breakdown of the APAC market into countries contributing 75% of the regional market size
- Further breakdown of the North American market into countries contributing 75% of the regional market size
- Further breakdown of the Latin American market into countries contributing 75% of the regional market size
- Further breakdown of the MEA market into countries contributing 75% of the regional market size
- Further breakdown of the European market into countries contributing 75% of the regional market size
Company Information
Detailed analysis and profiling of additional market players (up to 5).
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- Triangulate with your Own Data
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- Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
- Any level of Personalization
- What are the Known and Unknown Adjacencies Impacting the Managed Security Services Market
- What will your New Revenue Sources be?
- Who will be your Top Customer; what will make them switch?
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Growth opportunities and latent adjacency in Managed Security Services Market
Interested in a percentage breakdown of the total managed security service market by type (Managed IAM, Managed Firewall, etc).
Valuation of Managed Security Services company
Information on Brazilian cybersecurity market overview specially regarding cyber services (consultancy).
Need country specific data points and list of major players in Managed Security segment across Middle East, Africa and Central Asia countries.
Need to know specifics on demographics covered i.e. how are organization types defined, which verticals are covered and specifically which countries
Information on the M&A activity (summary level data) for the managed security services industry
Market trend Search for Managed security Services, OEM comparisons, Service Providers Competitive Analysis , Service Analysis .