HOME Research Insight Mergers & Acquisitions, and New Product Developments to Achieve Growth in the Managed Security Service Market.

Mergers & Acquisitions, and New Product Developments to Achieve Growth in the Managed Security Service Market.

Various verticals such as Banking, Financial Services, and Insurance (BFSI); government; telecom & IT; education; healthcare & life sciences; retail; and consumer packaged goods through managed security service would act as the main drivers for the growth of the industry. However, the healthcare vertical is expected to have an exponential growth in the market. MarketsandMarkets forecasts the managed security service market size 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

There are several renowned vendors in this market, such as IBM Corporation (U.S.), Hewlett Packard Enterprise (HPE) 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 players have adopted various strategies, such as partnerships, collaborations, agreements, mergers & acquisitions, and new product developments to achieve growth in the managed security service market.

IBM Corporation is one of the leading players in the managed security service market. IBM offers professional solutions as well as managed and outsourced services for security from resource integration to assessment and deployment. Security features are also embedded in all its offerings by using access controls and encryption. The company adopted both organic as well as inorganic strategies to enhance its presence in this market. It entered into various partnerships and acquisitions with the local as well as global players. For instance, in April 2016, IBM acquired Resilient Systems Inc., an incident response solutions provider. Resilient Systems’ expertise and solutions helped IBM to improve its capabilities to counter cyber-related incidents. In February 2016, IBM partnered with Check Point Software Technologies, an Israeli multinational company; the companies came together to share threat intelligence. The alliance also involved integration of a broad range of Check Point’s products across IBM’s managed security services and consulting offerings.

HPE is another major provider of managed security service market. The company has adopted organic strategies by developing a product in February 2016, named as HPE Investigative Analytics. It is a solution for analyzing risk events in the organization’s processes and acting on them to prevent them. The offering further strengthens its positioning in the security vertical. In 2015, HPE launched HP DNS Malware Analytics (DMA). DMA identifies infected systems by studying the organization’s DNS traffic. The product made HPE one of the first companies to launch a machine learning technology for securing an enterprise’s infrastructure.

Related 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

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