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Managed Security Service Market by Services, Deployment Type (Hosted or Cloud, Hybrid Cloud, and On-Premises), Organization Size (SMES and Enterprises), Vertical, and Region - Global Forecast to 2021

  • ID: 4062498
  • Report
  • February 2017
  • Region: Global
  • 157 Pages
  • Markets and Markets
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The Managed Security Service Market Size is Expected to Grow from USD 17.02 Billion in 2016 to USD 33.68 Billion By 2021, at a CAGR of 14.6%

FEATURED COMPANIES

  • AT&T, Inc.
  • Centurylink, Inc.
  • Clone Systems, Inc.
  • Fortinet, Inc.
  • Optiv, Inc.
  • Rapid7, Inc.
  • MORE

“Increasing need to protect data from security breaches and to share threat intelligence is driving the managed security service market”

The ever-growing need for increased security measures, emergence of Internet of Things (IoT) technologies, adoption of portable software & services, remote management tools, and reduction in the IT security expenditure in an enterprise for a sustainable future, have led to the adoption of managed security services.

“Risk and compliance management service segment is expected to grow at the highest CAGR during the forecast period”

The organizations are rapidly growing their branches and offices across the world due to increasing globalization. The IT infrastructure is getting dispersed and distributed globally across various office locations. It is becoming imperative for organizations to have highly secure environment in an organization and to follow continually changing government and industry norms and standards. Thus, the risk and compliance management segment is expected to grow at the highest CAGR during the forecast period, mainly because of the frequently changing rules and regulations, which make compliance with the government and industry standards a continual challenge for organizations.

“The BFSI vertical is expected to contribute to the largest market share during the forecast period”

The Banking, Financial Services, and Insurance (BFSI) vertical holds the largest market size during the forecast period, owing to its dealings with an enormous amount of confidential data and the substantial impact of the data breaches on the organization's business. BFSI organizations are adopting managed security services in order to protect vital data and to avoid heavy penalties in case of data breaches.

“APAC is expected to have the highest growth rate during the forecast period”

Asia-Pacific (APAC) includes emerging economies, such as China, Australia, Singapore, and India, which are rapidly adopting managed security services. This is mainly due to the rapidly growing BFSI, IT & telecom, and pharmaceutical industries in the APAC region, with demands majorly from small and medium businesses. The North American region is expected to be the largest revenue-generating region for managed security service providers in 2016. This is due to the high focus on innovation and technology adoption, especially in the developed economies of North America.

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with key people. Break-up of profile of the primary participants is as follows:

  • By company: Tier 1 - 36 %, Tier 2 - 21%, and Tier 3 - 43%
  • By designation: C-level - 83% and Others - 17%
  • By region: North America - 70%, Europe - 15%, APAC - 15%

The managed security service ecosystem comprises the major vendors, such as 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.), Dell SecureWorks (U.S.), CSC (U.S.), CenturyLink (U.S.), Trustwave (U.S.), Rapid7 (U.S.), and Optiv (U.S.).

Research Coverage:
The report includes in-depth competitive analysis of these key players in the managed security service market, with their company profiles, recent developments, and key market strategies. The research report segments the managed security service market by service, deployment type, organization size, vertical, and region.

Reasons to buy the Report:
The managed security service market has been segmented on the basis of services, deployment types, organization size, verticals, and regions.

The report is expected to help the market leaders/new entrants in this market in the following ways:

1. The report segments the managed security service market comprehensively and provides the closest approximations of the revenue numbers for the overall market and the subsegments. The market numbers are further split across different verticals and regions.

2. The report helps the stakeholders understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.

3. This report is expected to help stakeholders to better understand the competitors and gain more insights to better position their businesses. There is a separate section on competitive landscape, including competitor ecosystem and mergers & acquisitions. Besides, there are company profiles of 13 players offering services in this market. In this section, market internals are provided that can put them ahead of the competitors.

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FEATURED COMPANIES

  • AT&T, Inc.
  • Centurylink, Inc.
  • Clone Systems, Inc.
  • Fortinet, Inc.
  • Optiv, Inc.
  • Rapid7, Inc.
  • MORE

1 Introduction
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
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

4 Premium Insights
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
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 Adoption of Portable Software And Devices
5.3.1.4 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
6.1 Introduction
6.2 Value Chain Analysis
6.3 Strategic Benchmarking
6.4 Evolution

7 Compliance in Cyber-Security Service
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
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
9.1 Introduction
9.2 Cloud
9.3 Hybrid
9.4 On-Premises

10 Managed Security Services Market, By Organization Size
10.1 Introduction
10.2 Small And Medium-Sized Enterprises
10.3 Large Enterprises

11 Managed Security Services Market Analysis, By Vertical
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
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
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
(Overview, Financial - , Products & Services, Strategy, And 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
14.14.1 Masergy Communications, Inc.
14.14.2 Clone Systems, Inc.
14.14.3 Optiv, Inc.
- Details Might Not Be Captured in Case of Unlisted Companies.
 
15 Appendix
15.1 Industry Experts
15.2 Discussion Guide
15.3 Knowledge Store: Subscription Portal
15.4 Introducing Rt: Real-Time Market Intelligence
15.5 Available Customizations
15.6 Author Details

List of 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 Medium-Sized Enterprises: Managed Security Services Market Size, By Region, 2016-2021 (USD Million)
Table 19 Small And Medium-Sized 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 Medium-Sized 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 Medium-Sized 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 Medium-Sized 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 Medium-Sized 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 Medium-Sized 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:
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 Highest CAGR During the Forecast Period
Figure 25 Small And Medium Enterprises Segment is Expected to Grow at 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 the Key Strategies in 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

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FEATURED COMPANIES

  • AT&T, Inc.
  • Centurylink, Inc.
  • Clone Systems, Inc.
  • Fortinet, Inc.
  • Optiv, Inc.
  • Rapid7, Inc.
  • MORE

The managed security service 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 managed security service market.

The managed security service 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 service 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.

The global managed security service 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 managed security service 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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  • AT&T, Inc.
  • Centurylink, Inc.
  • Clone Systems, Inc.
  • Computer Sciences Corporations
  • Fortinet, Inc.
  • Hewlett Packard Enterprise (Hpe)
  • International Business Machines (Ibm) Corporation
  • Masergy Communications, Inc.
  • Optiv, Inc.
  • Rapid7, Inc.
  • Secureworks, Inc.
  • Solutionary, Inc.
  • Symantec Corporation
  • Trustwave Holdings, Inc.
  • Verizon Communications, Inc.
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