Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the
Managed Security Services Market
Request Now !
Managed Security Services Market Outlook: 2022
Managed security services market size is expected to garner $40.97 billion by 2022, registering a CAGR of 16.6% during the forecast period 2016-2022. The global managed security services market (MSS) refer to the remote monitoring and management of IT security functions by third-party service providers in order to effectively protect the sensitive data of organizations. The task of information security is becoming more complex with the growth of business in terms of size and structure and utilization of social media, cloud services, big data and various computing devices. Rising number of security attacks and malicious practices by organized cybercriminal groups has been creating concerns among the organizations. In addition, increased complexities in network infrastructure are proving to be major hindrances in data security management. In such a scenario, the outsourcing of security task to managed security service providers has emerged as a lucrative option for the organizations.
The affordable, reliable, and effective security solutions form managed security service providers help the customer/client organizations protect their sensitive information and in turn, their business. This report describes the managed security services market share across the globe with various segments. These services form a major part of the managed security market size. The trend of BYOD adoption at workplaces to improve productivity by allowing the employees to access corporate data via personal devices has been rising. Lack of capital resources and skilled IT staffs has been diverting organizations from in-house security management towards outsourcing. In addition, 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 managed security services market.
Get more information on this report : Request Sample Pages
The world managed security services market is segmented based on deployment mode, organization size, application, verticals, and geography. The application segment includes managed IPS/IDS, DDoS, UTM, firewall management, endpoint security. The deployment mode segment includes cloud-based and on-premise or customer-premise equipment deployment. Organizations are divided into small and medium-sized businesses and large businesses. The vertical segment includes BFSI, telecom & IT, retail, healthcare, and manufacturing sectors. Key players with a major managed security services market share 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.
Value chain analysis
Managed security service providers have emerged as profitable options, as these help businesses in protecting corporate online assets, password files, sensitive e-mails, and networks. Thus, managed security services has been gaining acceptance among businesses of all sizes as the businesses are significantly increasing spending on network security. This has augmented the size of the network security services market segment.
The value chain of the managed security services market comprises various stages, namely analysis of existing network, security requirement study, design of the infrastructure, testing and integration, maintenance, and future upgradation. The future upgradation stage involves the enhancement of existing software and hardware. The network security services market segment is set to contribute significantly to the managed security services market growth.
Top winning strategies
Today, the managed security services market is gaining traction, as data security is becoming a prime concern. The information network of companies is continuously facing advanced threats from various entities. In order to protect enterprises from such attacks, leading industry players in the managed security services market are introducing hi-tech and more secure solutions. Thus, product launch is the most sought-after strategy adopted by the leading industry players.
Top investment pockets
Presently, BFSI sectors, are leading sectors that outsource security tasks. The regulatory standards regarding protection of citizens’ confidential data is compelling all banks, financial institutions to maintain stringent data security. In addition, these institutions seek efficient data security mechanism, to sustain their brand image. Nowadays, the usage of electronic devices is rising in the healthcare sector in order to improve efficiency, save cost, and improve patient safety. For instance, practices such as electronic health records require advanced data protection to secure patients’ data. Therefore, the healthcare sector is emerging as a lucrative sector to invest. Other sectors such as government, power, utility, and aerospace also require cost-effective and efficient security solutions to monitor and manage information security.
Top factors impacting the market
Increasing cybercrime activities and cost-effectiveness are some of the factors that are expected to enhance the managed security services market size. However, governments across the world are developing numerous stringent information security regulations that would restrict managed security services market growth. Also, growing trend of mobile devices at workplaces would create lucrative opportunities for the market.
In 2015, the IPS & IDS application accounted for the highest revenue-generating segment, occupying maximum market share. The capability of this solution to secure network from advanced malicious practices and continuous security monitoring and incidence management has increased its demand. However, the endpoint security application is observed to have the highest CAGR during the forecast period owing to its advantages in vulnerability management and speedy response to threats. The increased usage of mobile devices at workplaces would facilitate in increased demand for this solution. The managed security services market size is expected to expand with these factors in play. Also other applications such as Identity and Access Management (IAM) are proving beneficial for strengthening compliance management and integration of user populations from multiple channels.
Growing numbers of cybercrimes has increased the demand for MSS across regions including North America, Europe, Asia-Pacific, and LAMEA. To follow the stringent regulations pertaining to information security, the number of managed security service providers are growing in North America. Furthermore, in close competition is Europe, which shows all signs of a developed market. Moreover, the landscape for MSS providers remain stable, as the increasing complexities in cyber-attack are still the same. The adoption of MSS has considerably risen in Asia-Pacific and the Middle East markets to curb rising cases of cyber-attacks. Big data analytics would be critical for market growth across the world.
Impact of covid-19 on Managed Security Services Market:
- The outbreak of Covid-19 has mandated work-from-home for most of the organizations and accordingly, the need for remote monitoring and management of IT security functions by third-party service providers has increased to a significant extent.
- However, the service providers have become well prepared to shift resources around to retort to varying market conditions while gearing themselves up for new demands when the world gradually starts to return to normalcy.
- This study provides an in-depth analysis of managed security services 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 of the industry and a SWOT analysis of the key market players are provided to illustrate their business strategies.
- 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 2014 - 2022 is provided to elaborate the market potential.
Managed Security Services Market Key Segments:
The market is segmented based on deployment mode, organization size, application, verticals, and geography.
By Deployment Mode
- Hosted or cloud-based MSS
- On-premise or customer-premise equipment (CPE) MSS
- Organization Size
- Small- & medium-sized businesses
- Large businesses
- Managed IPS and IDS
- Distributed Denial of Services (DDoS)
- Unified threat management (UTM)
- Secured information & event management (SIEM)
- Firewall management
- Endpoint Security
- Banking Financial Services & Insurance (BFSI)
- Telecom & IT
- North America
CHAPTER 1 INTRODUCTION
1.1 Report description
1.2 Key benefits
1.3 Key market segments
1.4 Research methodology
1.4.1 Secondary research
1.4.2 Primary research
1.4.3 Analyst tools and models
CHAPTER 2 EXECUTIVE SUMMARY
2.1 CXO perspective
CHAPTER 3 MARKET OVERVIEW
3.1 Market definition and scope
3.2 Key findings
3.2.1 Top factors impacting the market
3.2.2 Top investment pockets
3.2.3 Top winning strategies
3.3 Porters five forces analysis
3.3.1 Plenty of MSSPs lowers the bargaining power of suppliers
3.3.2 Demand of customized solutions keeps buyers bargaining power at moderate level
3.3.3 Lack of capital and IT resources for in-house security management lowers the threat of substitute
3.3.4 Technological and capital requirement lowers the threat of new entrants
3.3.5 Presence of strong players intensifies the rivalry
3.4 Value chain analysis
3.5 Market share analysis, 2014
3.6 Market dynamics
18.104.22.168 Increasing cyber crime activities
22.214.171.124 Cost effectiviness
126.96.36.199 Stringent government regulations
188.8.131.52 Growing trend of mobile devices at workplaces
184.108.40.206 Rise in electronic data
220.127.116.11 Hesitation to share sensitive data
18.104.22.168 Growing awareness about data security
22.214.171.124 Growing importance of e-business
126.96.36.199 Demand of customized services
CHAPTER 4 MSS MARKET BY DEPLOYMENT MODE
4.1.1 Market size and forecast
4.2 Hosted or cloud based managed security services
4.2.1 Key market trends
4.2.2 Competitive scenario
4.2.3 Key growth factors and opportunities
4.2.4 Market size and forecast
4.3 On-premise or Customer Premise Equipment (CPE) managed security services
4.3.1 Key market trends
4.3.2 Competitive scenario
4.3.3 Key growth factors and opportunities
4.3.4 Market size and forecast
CHAPTER 5 MSS MARKET BY ORGANIZATION SIZE
5.1.1 Market size and forecast
5.2 Small and medium sized business
5.2.1 Key market trends
5.2.2 Competitive scenario
5.2.3 Key growth factors and opportunities
5.2.4 Market size and forecast
5.3 Large businesses
5.3.1 Key market trends
5.3.2 Competitive scenario
5.3.3 Key growth factors and opportunities
5.3.4 Market size and forecast
CHAPTER 6 MSS MARKET BY APPLICATION
6.1.1 Market size and forecast
6.2 IPS and IDS
6.2.1 Market size and forecast
6.3 Distributed Denial of Services (DDoS)
6.3.1 Market size and forecast
6.4 Unified Threat Management (UTM)
6.4.1 Market size and forecast
6.5 Secured Information and Event Management (SIEM)
6.5.1 Market size and forecast
6.6 Endpoint security
6.6.1 Market size and forecast
6.7 Firewall management
6.7.1 Market size and forecast
6.8.1 Market size and forecast
CHAPTER 7 MSS MARKET BY VERTICALS
7.1.1 Market size and forecast
7.2 Banking, Financial Services and Insurance (BFSI)
7.2.1 Market size and forecast
7.3.1 Market size and forecast
7.4.1 Market size and forecast
7.5.1 Market size and forecast
7.6 Telecom and information technology
7.6.1 Market size and forecast
7.7.1 Market size and forecast
CHAPTER 8 MSS MARKET BY GEOGRAPHY
8.1 North America
8.1.1 Key market trends
8.1.2 Competitive scenario
8.1.3 Key growth factors and opportunities
8.1.4 Market size and forecast
8.2.1 Key market trends
8.2.2 Competitive scenarios
8.2.3 Key growth factors and opportunities
8.2.4 Market size and forecast
8.3 Asia Pacific
8.3.1 Key market trends
8.3.2 Competitive scenario
8.3.3 Key growth factors and opportunities
8.3.4 Market size and forecast
8.4 Latin America, Middle East and Africa (LAMEA)
8.4.1 Key market trends
8.4.2 Competitive scenario
8.4.3 Key growth factors and opportunities
8.4.4 Market size and forecast
CHAPTER 9 COMPANY PROFILES
9.1 International Business Machines Corporation (IBM)
9.1.1 Company overview
9.1.2 Business Performance
9.1.3 Strategic moves and developments
9.1.4 SWOT Analysis and Strategic Conclusion of IBM Corp.
9.2 Hewlett Packard
9.2.1 Company overview
9.2.2 Business performance
9.2.3 Strategic moves and developments
9.2.4 SWOT Analysis and Strategic Conclusion of Hewlett Packard
9.3 AT&T Inc.
9.3.1 Company overview
9.3.2 Business performance
9.3.3 Strategic moves and developments
9.3.4 SWOT analysis and strategic conclusion of AT&T Inc.
9.4 Computer Science Corporation (CSC)
9.4.1 Company overview
9.4.2 Business performance
9.4.3 Strategic moves and developments
9.4.4 SWOT analysis and strategic conclusion of CSC
9.5 Symantec Corporation
9.5.1 Company overview
9.5.2 Business performance
9.5.3 Strategic moves and developments
9.5.4 SWOT analysis and strategic conclusion of Symantec Corp.
9.6 Dell Secure Works Inc.
9.6.1 Company overview
9.6.2 Business performance
9.6.3 Strategic moves and developments
9.6.4 SWOT analysis and strategic conclusion of Dell Secure Works
9.7 Cisco Systems Inc.
9.7.1 Company overview
9.7.2 Business performance
9.7.3 Strategic moves and developments
9.7.4 SWOT analysis and strategic conclusion of Cisco Systems Inc.
9.8 Fortinet Inc.
9.8.1 Company overview
9.8.2 Business performance
9.8.3 Strategic moves and developments
9.8.4 SWOT analysis and strategic conclusion of Fortinet Inc.
9.9 Check Point Software Technologies Ltd.
9.9.1 Company overview
9.9.2 Business performance
9.9.3 Strategic moves and developments
9.9.4 SWOT analysis and strategic conclusion of Check Point Software Technologies Ltd.
9.10 BT Group
9.10.1 Company overview
9.10.2 Business performance
9.10.3 Strategic moves and developments
9.10.4 SWOT analysis and strategic conclusion of BT Group
List of Figures
FIG. 1 TOP FACTORS IMPACTING GLOBAL MSS MARKET
FIG. 2 TOP INVESTMENT POCKETS
FIG. 3 TOP WINNING STRATEGIES
FIG. 4 PORTERS FIVE FORCES ANALYSIS
FIG. 5 VALUE CHAIN ANALYSIS
FIG. 6 MARKET SHARE ANALYSIS, 2014
FIG. 7 AVERAGE COST OF CYBERCRIME IN SEVEN MAJOR COUNTRIES
FIG. 8 AVERAGE ANNUALIZED COST DUE TO CYBERCRIME BY INDUSTRY SECTOR 2014 ($MILLION)
FIG. 9 MALWARE TARGETING ANDROID IN 2014
FIG. 10 GROWING E-COMMERCE MARKET
FIG. 11 USE OF CLOUD COMPUTING SERVICES AMONG EUROPEAN ENTERPRISES, 2014
FIG. 12 APPLICATION LEAST FREQUENTLY TRANSFERRED FROM ON-PREMISE TO CLOUD, 2011 (% OF COMPANIES)
FIG. 13 WORLDWIDE SMB IT SPENDING VS WORLDWIDE CORPORATE IT SPENDING
FIG. 14 AVERAGE E-COMMERCE REVENUE PER ONLINE SHOPPER IN 2015
FIG. 15 PER CAPITA COST OF DATA BREACH (U.S.) BY CAUSE OVER TIME, 2015
FIG. 16 REVENUE GENERATED BY IBM CORP., 2013 - 2015, $ MILLION
FIG. 17 REVENUE OF IBM CORP. BY BUSINESS SEGMENT, 2015
FIG. 18 REVENUE OF IBM CORP. BY GEOGRAPHY, 2015
FIG. 19 SWOT ANALYSIS OF IBM
FIG. 20 REVENUE GENERATED BY HEWLETT PACKARD, 2013 - 2015, $ MILLION
FIG. 21 REVENUE OF HEWLETT PACKARD BY BUSINESS SEGMENT, 2015
FIG. 22 REVENUE OF HEWLETT PACKARD BY GEOGRAPHY, 2015
FIG. 23 SWOT ANALYSIS OF HEWLETT PACKARD
FIG. 24 REVENUE GENERATED BY AT&T INC., 2013 - 2015, $MILLION
FIG. 25 REVENUE OF AT&T INC. BY BUSINESS SEGMENT, 2015
FIG. 26 OPERATING REVENUE OF AT&T, INC., BY GEOGRAPHY, 2015
FIG. 27 SWOT ANALYSIS OF AT&T INC.
FIG. 28 REVENUE GENERATED BY CSC, 2013 - 2015, $ MILLION
FIG. 29 REVENUE OF CSC BY BUSINESS SEGMENT, 2015
FIG. 30 REVENUE OF CSC BY GEOGRAPHY, 2015
FIG. 31 SWOT ANALYSIS OF CSC
FIG. 32 REVENUE GENERATED BY SYMANTEC CORP., 2013 - 2015, $ MILLION
FIG. 33 REVENUE OF SYMANTEC CORP. BY BUSINESS SEGMENT, 2015
FIG. 34 REVENUE OF SYMANTEC CORP. BY GEOGRAPHY, 2015
FIG. 35 SWOT ANALYSIS OF SYMANTEC CORP.
FIG. 36 REVENUE GENERATED BY DELL INC., 2011-2013, $ MILLION
FIG. 37 REVENUE OF DELL INC. BY BUSINESS SEGMENT, 2013
FIG. 38 REVENUE OF DELL INC. BY GEOGRAPHY, 2013
FIG. 39 SWOT ANALYSIS OF DELL SECUREWORKS
FIG. 40 REVENUE GENERATED BY CISCO SYSTEMS INC., 2013 - 2015, $ MILLION
FIG. 41 REVENUE OF CISCO SYSTEMS INC. BY BUSINESS SEGMENT, 2015
FIG. 42 REVENUE OF CISCO SYSTEMS INC. BY GEOGRAPHY, 2015
FIG. 43 SWOT ANALYSIS OF CISCO SYSTEMS INC.
FIG. 44 REVENUE GENERATED BY FORTINET INC., 2013 - 2015, $ MILLION
FIG. 45 REVENUE OF FORTINET INC. BY BUSINESS SEGMENT, 2015
FIG. 46 REVENUE OF FORTINET INC. BY GEOGRAPHY, 2015
FIG. 47 SWOT ANALYSIS OF FORTINET INC.
FIG. 48 REVENUE GENERATED BY CHECK POINT SOFTWARE TECHNOLOGIES LTD., 2013 - 2015, $ MILLION
FIG. 49 REVENUE OF CHECK POINT SOFTWARE TECHNOLOGIES LTD. BY BUSINESS SEGMENT, 2015
FIG. 50 REVENUE OF CHECK POINT SOFTWARE TECHNOLOGIES LTD. BY GEOGRAPHY, 2015
FIG. 51 SWOT ANALYSIS OF CHECK POINT SOFTWARE TECHNOLOGIES LTD.
FIG. 52 REVENUE GENERATED BY BT GROUP, 2013 - 2015, $ MILLION
FIG. 53 REVENUE OF BT GROUP BY BUSINESS SEGMENT, 2015
FIG. 54 SWOT ANALYSIS OF BT GROUP
List of Tables
TABLE 1 GLOBAL MSS MARKET REVENUE BY GEOGRAPHY, 2014 - 2022 ($MILLION)
TABLE 2 COST COMPARISON OF IN-HOUSE SIEM AND MSSP SECURITY SOLUTIONS, 2014
TABLE 3 DIFFERENCE BETWEEN ON-PREMISE AND CLOUD BASED MANAGED SECURITY SERVICES
TABLE 4 GLOBAL MSS MARKET REVENUE BY DEPLOYMENT MODE, 2014 - 2022 ($MILLION)
TABLE 5 GLOBAL HOSTED OR CLOUD BASED MSS MARKET BY GEOGRAPHY, 2014 - 2022 ($MILLION)
TABLE 6 GLOBAL ON-PREMISE OR CUSTOMER PREMISE EQUIPMENT MSS MARKET BY GEOGRAPHY, 2014 - 2022 ($MILLION)
TABLE 7 GLOBAL MSS MARKET BY ORGANIZATION SIZE, 2014 - 2022($MILLION)
TABLE 8 GLOBAL SMALL AND MEDIUM SIZED BUSINESSES MSS MARKET BY GEOGRAPHY, 2014 - 2022 ($MILLION)
TABLE 9 GLOBAL LARGE BUSINESSES MSS MARKET BY GEOGRAPHY, 2014 - 2022 ($MILLION)
TABLE 10 GLOBAL MSS MARKET BY APPLICATION, 2014 - 2022 ($MILLION)
TABLE 11 GLOBAL MANAGED IPS/IDS MSS MARKET BY GEOGRAPHY, 2014 - 2022 ($MILLION)
TABLE 12 GLOBAL DDOS MSS MARKET BY GEOGRAPHY, 2014 - 2022 ($MILLION)
TABLE 13 GLOBAL UTM MSS MARKET BY GEOGRAPHY, 2014 - 2022 ($MILLION)
TABLE 14 GLOBAL SIEM MSS MARKET BY GEOGRAPHY, 2014 - 2022($MILLION)
TABLE 15 GLOBAL END-POINT SECURITY MSS MARKET BY GEOGRAPHY, 2014 - 2022 ($MILLION)
TABLE 16 GLOBAL FIREWALL MANAGEMENT MSS MARKET BY GEOGRAPHY, 2014 - 2022 ($MILLION)
TABLE 17 GLOBAL OTHER APPLICATIONS MSS MARKET BY GEOGRAPHY, 2014 - 2022 ($MILLION)
TABLE 18 GLOBAL MSS MARKET BY VERTICALS, 2014 - 2022 ($MILLION)
TABLE 19 SECURITY LOSS IN VARIOUS BANKS IN INDIA, 2011 - 2013
TABLE 20 GLOBAL BFSI SECTOR MSS MARKET BY GEOGRAPHY, 2014 - 2022 ($MILLION)
TABLE 21 GLOBAL HEALTHCARE SECTOR MSS MARKET BY GEOGRAPHY, 2014 - 2022 ($MILLION)
TABLE 22 GLOBAL MANUFACTURING SECTOR MSS MARKET BY GEOGRAPHY, 2014 - 2022 ($MILLION)
TABLE 23 GLOBAL RETAIL SECTOR MSS MARKET BY GEOGRAPHY, 2014 - 2022 ($MILLION)
TABLE 24 GLOBAL TELECOM AND IT SECTOR MSS MARKET BY GEOGRAPHY, 2014 - 2022 ($MILLION)
TABLE 25 GLOBAL OTHER SECTOR MSS MARKET BY GEOGRAPHY, 2014 - 2022 ($MILLION)
TABLE 26 NORTH AMERICAN MSS MARKET BY VERTICALS, 2014 - 2022 ($MILLION)
TABLE 27 EUROPEAN MSS MARKET BY VERTICALS, 2014 - 2022 ($MILLION)
TABLE 28 ASIA PACIFIC MSS MARKET BY VERTICALS, 2014 - 2022 ($MILLION)
TABLE 29 LAMEA MSS MARKET BY VERTICALS, 2014 - 2022 ($MILLION)
TABLE 30 IBM CORPORATION SNAPSHOT
TABLE 31 HEWLETT PACKARD SNAPSHOT
TABLE 32 AT&T INC. SNAPSHOT
TABLE 33 CSC SNAPSHOT
TABLE 34 SYMANTEC CORP. SNAPSHOT
TABLE 35 DELL SECUREWORKS SNAPSHOT
TABLE 36 CISCO SYSTEMS INC. SNAPSHOT
TABLE 37 FORTINET INC. SNAPSHOT
TABLE 38 CHECK POINT SOFTWARE TECHNOLOGIES LTD. SNAPSHOT
TABLE 39 BT GROUP SNAPSHOT