High investment is needed to deploy specialist infrastructure that can offer superior quality enterprise security solutions. Managed security services offers systematic approach to manage organization's security needs through a new business models that can enable greater flexibility and ensure higher affordability within. Managed security service providers’ offer these carrier grade network security services through fixed monthly payment plans.
The managed security services market is majorly driven by increasing need for comprehensive, cost-efficient, flexible and transparent security solution that can help to enhance threat management, and ensure policy compliance. Furthermore, growing popularity of BYOD and CYOD at workplace is also fuelling the positive market growth. Increasing adoption of managed security services across large and small enterprises is result of increasing need to implement security strategy that can not only facilitate organization’s information security but also provides satisfactory assurance for regulatory compliance requirement. However, trust issues related to third party vendors hinders the market growth.
Cloud is considered as most preferred option for deployment of managed security solutions. Cloud based deployment offers highest level of flexibility and scalability to the existing network infrastructure. On other hand, hybrid deployment is expected to reflect highest CAGR over the forecast period. This is attributed to ability of hybrid deployment to offer best of both, cloud and on premise deployment of security solutions. Currently, BFSI vertical dominated the managed security service market and the trend is expected to continue over the forecast period. This is attributed to increasing focus of BFSI companies to secure confidential online transaction details and deal with increase in instances and sophistication of targeted cyber-attacks.
The report segments the global managed security service market by deployment type, by service, by vertical, and region. The deployment types include cloud and on-premises. The service includes distributed denial of service (DDOS), log monitoring, managed firewall, managed intrusion detection/prevention system (IDS/IPS), managed security information and event management (SIEM), vulnerability management, and among others (identity access management (IAM), web application security).The verticals include BFSI, consumer goods and retail, education, energy and power, government, healthcare, telecom and IT, and among others.
Geographic Coverage and Analysis:
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. Currently, North America leads the global managed security service market followed by Europe and Asia-Pacific. The managed security service market in Asia-Pacific is projected to reflect highest CAGR over the forecast period. The attractiveness of the managed security service market in the Asia-Pacific region is result of increasing adoption of BYOD and CYOD at workplace and growing need to protect organization from targeted cyber-attacks that too in most economical way.
The companies covered in the report include International Business Machines Corporation, Hewlett Packard Enterprise, Verizon Communications, AT&T, Symantec Corporation, CenturyLink, Computer Sciences Corporations, Solutionary, and among others.
The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the demand of managed security service globally as well as regionally. Moreover, the Growth Matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter’s five forces analysis and value chain analysis of managed security service. Moreover, the study highlights current market trends and provides forecast from 2016 to 2021.
We also have highlighted future trends in the managed security service market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. Additionally, the analysis highlights rise and fall in the market shares of the key players in the market. This report will help manufacturers, suppliers and distributors of the managed security service market to understand the present and future trends in this market and formulate their strategies accordingly.
1.1 Report Description
1.2 Research Methods
1.3 Research Approaches
2. Executive Summary
3. Global Managed Security Service Market Overview
3.2 Market Dynamics
3.3 Porter’s Five Forces Analysis
3.4 Growth Matrix Analysis
3.5 Competitive Landscape in the Managed Security Service Market
3.6 Value chain analysis and Strategic Benchmarking
4. Global Managed Security Service Market Analysis, by Deployment Type (USD Million) 2015-2021
5. Global Managed Security Service Market Analysis, by Service (USD Million) 2015-2021
5.1 Distributed Denial Of Service (DDOS)
5.2 Log Monitoring
5.3 Managed Firewall
5.4 Managed Intrusion Detection/Prevention System (IDS/IPS)
5.5 Managed Security Information and Event Management (SIEM)
5.6 Vulnerability management
6. Global Managed Security Service Market Analysis, by Vertical(USD Million) 2015-2021
6.1 Banking, Financial Services, and Insurance
6.2 Consumer goods and retail
6.4 Energy and power
6.7 Telecom and IT
7. Global Managed Security Service Market Analysis, by Region (USD Million) 2015-2021
7.1 North America
7.1.1 North America Managed Security Service Market by Deployment Type (USD Million)
7.1.2 North America Managed Security Service Market by Service (USD Million)
7.1.3 North America Managed Security Service Market by Vertical(USD Million)
7.2.1 Europe Managed Security Service Market by Deployment Type(USD Million)
7.2.2 Europe Managed Security Service Market by Service (USD Million)
7.2.3 Europe Managed Security Service Market by Vertical (USD Million)
7.3.1 Asia-Pacific Managed Security Service Market by Deployment Type (USD Million)
7.3.2 Asia-Pacific Managed Security Service Market by Service (USD Million)
7.3.3 Asia-Pacific Managed Security Service Market by Vertical (USD Million)
7.4 Rest of the World (RoW)
7.4.1 RoW Managed Security Service Market by Deployment Type (USD Million)
7.4.2 RoW Managed Security Service Market by Service (USD Million)
7.4.3 RoW Managed Security Service Market by Vertical (USD Million)
8. Company Profiles
8.1 International Business Machines Corporation
8.2 Hewlett Packard Enterprise
8.3 Verizon Communications
8.5 Symantec Corporation
8.7 Computer Sciences Corporations