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Managed Security Services Market to 2030 with Key Companies Profile, Supply, Demand and SWOT Analysis

Rising number of security attacks and malicious practices by organized cyber criminals have been creating concerns among of all sectors of businesses.

Managed Security Services (MSS) refers to the remote monitoring and management of IT security functions by third-party service providers in order to effectively protect the sensitive data of the organizations. The task of information security is becoming more complex with the growth of the business in terms of size and structure, and utilization of mobile devices, social media, cloud services and big data. Rising number of security attacks and malicious practices by organized cyber criminals have been creating concerns among of all sectors of businesses.

Additionally, increased complexities in network infrastructure and lack of capital and skilled IT professionals are proving to be major hindrances in data security management. In such scenario, the outsourcing of security task to managed security service providers has emerged as a lucrative option for the organizations. Managed security services may either be delivered by setting up necessary security infrastructure on-site in the organization, or completely controlled by the service provider from remote location.

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Market Statistics:

The file offers market sizing and forecast throughout 5 primary currencies – USD, EUR GBP, JPY, and AUD. It helps corporation leaders make higher choices when foreign money change records are available with ease. In this report, the years 2020 and 2021 are regarded as historic years, 2020 as the base year, 2021 as the estimated year, and years from 2022 to 2030 are viewed as the forecast period.

The trend of BYOD adoption at workplaces to improve the productivity by allowing the employee to access corporate data via personal devices has been rising, thereby increasing the need for data security. Lack of capital resources and skilled IT staff has been diverting organizations from in-house security management. Additionally, compliance requirements for data security are stimulating the organizations to outsource the data security tasks. However, reluctance to share sensitive data and varying customer demands regarding security package are the major challenges for the market. Further, the growing awareness and concerns about data breaches would create the opportunities for MSSPs in the future.

The global managed security services market is segmented on the basis of deployment mode, organization size, application, verticals and geography. Application segment include managed IPS/IDS, Distributed Denial of Services (DDoS), Unified threat management (UTM), firewall management, and endpoint security. Deployment mode includes cloud-based and on-premise or customer-premise equipment deployment mode.

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The organizations are divided into small- and medium-sized businesses and large businesses. Verticals segment includes BFSI, telecom and IT, retail, healthcare, manufacturing sectors and other. Key players in MSS market include IBM, HP, Cisco Systems Inc., Dell SecureWorks, AT&T, Computer Science Corp., Symantec Corp., Fortinet Inc., Check Point Software Technologies Ltd. and BT Group.

KEY BENEFITS

This study provides an in-depth analysis of MSS market with current and future trends to elucidate the imminent investment pockets in the market
The report provides information regarding key drivers, restraints and opportunities with impact analysis
Porter’s five forces analysis and a SWOT analysis of the key market players are provided to illustrate the business strategies adopted by them
The value chain analysis of the industry provides a clear view of key intermediaries involved and elaborates their roles and value addition at every stage in the chain
The quantitative analysis of the market through 2013-2020 is provided to elaborate the market potential

According to Statista, as of 2021 data, the United States held over ~36% of the global market share for information and communication technology (ICT). With a market share of 16%, the EU ranked second, followed by 12%, China ranked third. In addition, according to forecasts, the ICT market will reach more than US$ 6 trillion in 2021 and almost US$ 7 trillion by 2027. In today’s society, continuous growth is another reminder of how ubiquitous and crucial technology has become. Over the next few years, traditional tech spending will be driven mainly by big data and analytics, mobile, social, and cloud computing.

This report analyses the global primary production, consumption, and fastest-growing countries in the Information and Communications Technology (ICT) market. Also included in the report are prominent and prominent players in the global Information and Communications Technology Market (ICT).

A release on June 8th, 2021, by the Bureau and Economic Analysis and U.S. The Census Bureau reports the recovery of the U.S. market. The report also described the recovery of U.S. International Trade in July 2021.In April 2021, exports in the country reached $300 billion, an increase of $13.4 billion. In April 2021, imports amounted to $294.5 billion, increasing by $17.4 billion. COVID19 is still a significant issue for economies around the globe, as evidenced by the year-over-year decline in exports in the U.S. between April 2020 and April 2021 and the increase in imports over that same period of time. The market is clearly trying to recover. Despite this, it means there will be a direct impact on the Healthcare/ICT/Chemical industries.

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Key Market Segments:
The market is segmented on the basis of deployment mode, organization size, application, verticals and geography.
Deployment Mode:

Hosted or cloud-based MSS
On-premise or customer-premise equipment (CPE) MSS

Organization Size:

Small- and Medium-sized businesses
Large businesses

Applications:

Managed IPS and IDS
Distributed Denial of Services (DDoS)
Unified threat management (UTM)
Secured information and event management (SIEM)
Firewall management
Endpoint Security
Others

Verticals:

Banking Financial Services and Insurance (BFSI)
Healthcare
Manufacturing
Retail
Telecom & IT
Others

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Geography:

North America
Europe
Asia-Pacific
Latin America, Middle East and Africa (LAMEA)

Key Players:

IBM Corporation
HP
Cisco Systems Inc.
Dell SecureWorks
AT&T
Computer Science Corp.
Symantec Corp.
Fortinet Inc.
Check Point Software Technologies Ltd.
BT Group

Table of Content:

  • Market Definition and Overview
  • Research Method and Logic
  • Market Competition Analysis
  • Product and Service Analysis
  • Strategies for Company to Deal with the Impact of COVID-19
  • Market Segment by Type, Historical Data and Market Forecasts
  • Market Segment by Application, Historical Data and Market Forecasts
  • Market by by Region, Historical Data and Market Forecasts
  • Market Dynamic Analysis and Development Suggestions

What is the goal of the report?

  • The market report presents the estimated size of the ICT market at the end of the forecast period. The report also examines historical and current market sizes.
  • During the forecast period, the report analyses the growth rate, market size, and market valuation.
  • The report presents current trends in the industry and the future potential of the North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa markets.
  • The report offers a comprehensive view of the market based on geographic scope, market segmentation, and key player financial performance.

Key Questions Answered in the Market Report

•    How did the COVID-19 pandemic impact the adoption of by various pharmaceutical and life sciences companies?
•    What is the outlook for the impact market during the forecast period 2021-2030?
•    What are the key trends influencing the impact market? How will they influence the market in short-, mid-, and long-term duration?
•    What is the end user perception toward?
•    How is the patent landscape for pharmaceutical quality? Which country/cluster witnessed the highest patent filing from January 2014-June 2021?
•    What are the key factors impacting the impact market? What will be their impact in short-, mid-, and long-term duration?
•    What are the key opportunities areas in the impact market? What is their potential in short-, mid-, and long-term duration?
•    What are the key strategies adopted by companies in the impact market?
•    What are the key application areas of the impact market? Which application is expected to hold the highest growth potential during the forecast period 2021-2030?
•    What is the preferred deployment model for the impact? What is the growth potential of various deployment models present in the market?
•    Who are the key end users of pharmaceutical quality? What is their respective share in the impact market?
•    Which regional market is expected to hold the highest growth potential in the impact market during the forecast period 2021-2030?
•    Which are the key players in the impact market?

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