NEW YORK, Nov. 16, 2023 /PRNewswire/ — TheĀ Managed Security Services MarketĀ report has been added to Technavio’s offering.Ā With ISO 9001:2015 certification, Technavio has proudly partnered with more than 100 Fortune 500 companies for over 16 years. The potential growth difference for the managed security services market between 2023 and 2027 is USD 27.74 billion. APACĀ will contributeĀ 32%Ā to the growth of the global market duringĀ the forecast period.Ā Another region offering significant growth opportunities to market players isĀ North America.Ā The US and Canada are the key markets for managed security services in North America. The increasing number of targeted attacks by hackers on enterprise-critical dataĀ drives market growth in the region.Ā Get deeper insights into the market size, current market scenario, future growth opportunities, major growth driving factors, the latest trends, and much more. Buy the full report here
- Key Driver – Factors such as an increase in the adoption of cloud-based services andĀ increasing adoption of HPC systems by businesses and enterprises will offer immense growth opportunities. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow-growing segments. The managed security services market is fragmented, and the degree of fragmentationĀ will accelerateĀ during the forecast period.
- Market Challenge – Chances of failure during managed security services implementation challenge the growth of the managed security services market. AĀ high chance of failure during the implementation phaseĀ can pose a significant threat to theĀ global managed security services, due to which, there is an increasing preference for traditional security solutions across enterprises. The implementation of managed security services across enterprises is a complex and time-consuming process. ThisĀ includesĀ project management, vulnerability management, compliance, content management, event monitoring, access management, and managed devices. Hence, such factors hinder the market growth during the forecast period.Ā Learn about additional key drivers, trends, and challenges available with Technavio. Read Free Sample PDF Report Now
Company Analysis
The report analyzes the market’s competitive landscape and offers information on several market companies, including:Ā Accenture Plc, AT and T Inc., Atos SE, Capgemini Service SAS, CrowdStrike Holdings Inc., Dell Technologies Inc., DXC Technology Co., F5 Inc., Fortra LLC, Furukawa Electric Co. Ltd., Infosys Ltd., International Business Machines Corp., Kroll LLC, Kudelski SA, Kyndryl Inc., Lumen Technologies Inc., NTT Corp., Orange Cyberdefense SA, ProSOC Inc., Singapore Telecommunications Ltd.Ā
The managed security services market has been segmented by End-user (SMEs and Large enterprises), Deployment (Cloud-based and On-premises), and Geography (North America, Europe, APAC, South America, and Middle East and Africa).Ā
- TheĀ SMEs segmentĀ isĀ significantĀ during the forecast period. TheĀ increasing adoption of managed security services acrossĀ the SME segment at a rapid rate isĀ due to the continuous rise inĀ data breaches and cyberattacks from hackers. This results inĀ disruption to their businesses.Ā Hence, such factors drive the segment growth during the forecast period.
- Ā View FreeĀ Sample Report for insights into the contribution of all the segments and regional opportunities in the report.
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Executive Summary
Market Landscape
Market Sizing
Historic Market Sizes
Five Forces Analysis
Market Segmentation by End-user
Market Segmentation by Deployment
Market Segmentation by Geography
Customer Landscape
Geographic Landscape
Drivers,Ā Challenges, &Ā Trends
Company Landscape
Company Analysis
Appendix
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