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Managed Security Services - Global Market Trajectory & Analytics

  • ID: 600089
  • Report
  • April 2021
  • Region: Global
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • AT&T, Inc.
  • CenturyLink
  • DXC Technology Co.
  • IBM Corp.
  • Qualys Inc.
  • Symantec Corporation
  • MORE
Global Managed Security Services Market to Reach $65 Billion by 2027

Amid the COVID-19 crisis, the global market for Managed Security Services estimated at US$26.9 Billion in the year 2020, is projected to reach a revised size of US$65 Billion by 2027, growing at a CAGR of 13.5% over the analysis period 2020-2027. Identity & Access Management, one of the segments analyzed in the report, is projected to record a 13.6% CAGR and reach US$16.7 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Antivirus/Anti-Malware segment is readjusted to a revised 12.5% CAGR for the next 7-year period.



The U.S. Market is Estimated at $7.2 Billion, While China is Forecast to Grow at 17.5% CAGR

The Managed Security Services market in the U.S. is estimated at US$7.2 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$14.5 Billion by the year 2027 trailing a CAGR of 17.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 9.6% and 11.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 10.6% CAGR.

Firewall Segment to Record 15% CAGR

In the global Firewall segment, USA, Canada, Japan, China and Europe will drive the 14.1% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$2.4 Billion in the year 2020 will reach a projected size of US$6.1 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$9.8 Billion by the year 2027, while Latin America will expand at a 16.7% CAGR through the analysis period.

Select Competitors (Total 115 Featured):
  • AT&T, Inc.
  • Avaya Inc.
  • BT Group plc
  • CenturyLink
  • Check Point Software Technologies Ltd.
  • Cisco Systems Inc.
  • Deutsche Telekom AG
  • DXC Technology Co.,
  • Fortinet Inc.
  • H3C Technologies Co. Ltd.
  • IBM Corp.
  • Juniper Networks Inc.
  • McAfee Inc.
  • Qualys Inc.
  • SecureWorks Inc.
  • SonicWall Inc.
  • Symantec Corporation
  • Trustwave Holdings Inc.
  • UBIqube Solutions
  • Unisys Corporation
  • Verizon Enterprise Solutions
  • WatchGuard Technologies Inc.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • AT&T, Inc.
  • CenturyLink
  • DXC Technology Co.
  • IBM Corp.
  • Qualys Inc.
  • Symantec Corporation
  • MORE
I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • Modern Connected World and its Share of Perils
  • Recent Market Activity
  • Rise in Magnitude of Cyber Crime to Drive Increased Adoption of Cyber Security Services
  • A Peek into Common Security Threats for Enterprise IT Assets
  • Types of Internal IT Security Breaches in Organizations - Ranked in the Order of Frequency of Occurrence
  • Types of External Security Breaches in Organizations - Ranked in the Order of Frequency of Occurrence
  • Ever-Growing Threat Landscape Compels Demand for Managed Security Services
  • MSSPs Enable Low Cost & Simplified Administration
  • Opportunities for MSSPs in the Network Security Market
  • Steady Growth Projected Over the Next Few Years
  • Developed Regions: Prime Revenue Contributors
  • Developing Regions to Fuel Future Growth in the Managed Security Services Market
  • Periods of Economic Slowdown Increases Security Risks - Magnifies the Business Case for Efficient Security Solutions
  • STable Economic Scenario to Further Improve Market Prospects
2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS
  • Advanced Managed Security Solutions - The Need of the Hour
  • Security Threats from Cloud Infrastructure Deployments to Drive Demand for Cloud-based MSS
  • Convergence Continues to Gain Strength
  • Need for Log Monitoring & Management Accelerates Demand for SIEM
  • Small & Mid-Sized Businesses (SMBs) - A Lucrative Market Segment
  • Cost Benefits & Compliance Needs Spur Market Demand
  • E-Commerce Instigates New Demand for MSS
  • Security for Mobile Applications to Offer Huge Business Opportunity
  • Initiatives by MSSPs for Mobile Security
  • Growing BYOD Phenomenon Steers Adoption of Managed Security Services
  • Key Factors Encouraging BYOD Trend among Enterprises Ranked by Importance Attached by Enterprises
  • Threat from Social Networking Sites Puts Focus on MSS
  • Big Data Analytics Set to Storm the Managed Security Market
  • Internet of Things (IoT) and Widening Attack Surface Drive Demand
  • Mushrooming Datacenters Widen the Scope & Span of MSS
  • Content Filtering an Integral part of Unified Threat Management (UTM)
  • Firewalls Remain Integral to Network Security
  • Enterprises Embrace VPN Services to Achieve Network Security and Anonymity
  • Intrusion Detection & Prevention Systems - A Review of Opportunities
  • Adoption of SDN and NFV Technologies Enable Flexible Deployment of Security Functions
  • Endpoint Security Gains Importance in MSS Portfolio
  • Security as a Service Model Augments Prospects for MSS Providers
4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS
  • UNITED STATES
  • CANADA
  • JAPAN
  • CHINA
  • EUROPE
  • FRANCE
  • GERMANY
  • ITALY
  • UNITED KINGDOM
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • AUSTRALIA
  • INDIA
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • ARGENTINA
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • IRAN
  • ISRAEL
  • SAUDI ARABIA
  • UNITED ARAB EMIRATES
  • REST OF MIDDLE EAST
  • AFRICA
IV. COMPETITION
  • Total Companies Profiled: 115
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • AT&T, Inc.
  • Avaya Inc.
  • BT Group plc
  • CenturyLink
  • Check Point Software Technologies Ltd.
  • Cisco Systems Inc.
  • Deutsche Telekom AG
  • DXC Technology Co.
  • Fortinet Inc.
  • H3C Technologies Co. Ltd.
  • IBM Corp.
  • Juniper Networks Inc.
  • McAfee Inc.
  • Qualys Inc.
  • SecureWorks Inc.
  • SonicWall Inc.
  • Symantec Corporation
  • Trustwave Holdings Inc.
  • UBIqube Solutions
  • Unisys Corporation
  • Verizon Enterprise Solutions
  • WatchGuard Technologies Inc.
Note: Product cover images may vary from those shown
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