"Global Managed Security Services Market – Industry Trends and Forecast to 2030
Global Managed Security Services Market, By Type (Managed Identity and Access Management (IAM), Managed Antivirus/Anti-Malware, Managed Firewall, Managed Risk and Compliance Management, Managed Vulnerability Management, Managed Security Incident and Event Management (SIEM), Managed Intrusion Detection Systems/Intrusion Prevention Systems (IDS/IPS), Managed Unified Threat Management (UTM), Managed Encryption and Others), Deployment Modes (On-Premises and Cloud), Organization Size (Small and Medium-Sized Enterprises (SMEs) and Large Enterprises), Vertical (Banking, Financial Services, and Insurance (BFSI), Government, Retail, Healthcare, IT, Telecom, Utilities, Manufacturing and Others) - Industry Trends and Forecast to 2030.
Data Bridge Market Research analyses that the global managed security services market valued at USD 29,190.62 in 2022 is expected to reach USD 72,068.65 million by 2030, and is expected to undergo a CAGR of 11.96% during the forecast period of 2023 to 2030.
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Managed security service refers to the management of IT security functions by third-party service providers. The major aim behind this is to protect an organization’s crucial information setup against a number of security attacks and malicious practices. Managed security services are effective in continuously monitoring and handling of intrusion detection systems.
**Segments**
- **Service Type**: The managed security services market can be segmented based on service type into Managed IAM (Identity and Access Management), Managed Firewall, Managed VPN (Virtual Private Network), Managed IDS/IPS (Intrusion Detection System/Intrusion Prevention System), Managed UTM (Unified Threat Management), Managed DLP (Data Loss Prevention), Managed Anti-Virus/Anti-Malware, and others. Each of these services plays a crucial role in securing the organization's network infrastructure and sensitive data.
- **Organization Size**: Another key segmentation of the managed security services market is based on organization size, which includes Small and Medium-sized Enterprises (SMEs) and Large Enterprises. SMEs often lack the resources to establish an in-house security team, making them increasingly turn to managed security services to safeguard their digital assets.
- **Verticals**: The market can also be segmented by verticals, such as BFSI (Banking, Financial Services, and Insurance), Healthcare, IT and Telecom, Government and Defense, Retail, Manufacturing, and others. Different industries have distinct security requirements based on their operations and data sensitivity, thereby driving the demand for tailored managed security services.
**Market Players**
- **IBM**: IBM offers a comprehensive range of managed security services, including threat management, vulnerability management, security information and event management (SIEM), and incident response services. With its global presence and cutting-edge technologies, IBM is a key player in the managed security services market.
- **Cisco Systems**: Cisco Systems provides managed security services that help organizations protect their network and endpoints from cyber threats. Their portfolio includes Managed Firewall, Managed IDS/IPS, and Managed VPN services, catering to the security needs of diverse industries.
- **Symantec Corporation**: Symantec Corporation is a renowned player in the managed security services market, offering solutions like Managed Anti-Virus/Anti-Malware, Managed DLP, and Managed Endpoint Security services. Their expertise in cybersecurity and threat intelligenceSymantec Corporation has established itself as a leading player in the managed security services market by offering a comprehensive suite of solutions that cater to the evolving cybersecurity needs of organizations across various industries. The company's Managed Anti-Virus/Anti-Malware services are designed to provide real-time protection against a wide range of threats, including viruses, malware, and ransomware. By leveraging advanced detection technologies and threat intelligence, Symantec helps enterprises proactively identify and neutralize security risks before they can cause any harm.
In addition to anti-virus solutions, Symantec also offers Managed DLP (Data Loss Prevention) services, which are crucial for organizations looking to safeguard their sensitive data from unauthorized access, exfiltration, or misuse. With the increasing regulatory requirements around data privacy and protection, DLP solutions have become a critical component of cybersecurity strategies for businesses across sectors such as healthcare, finance, and government. Symantec's DLP services help organizations monitor and control the flow of data within and outside their network, ensuring compliance with regulations and preventing data breaches.
Furthermore, Symantec's Managed Endpoint Security services play a vital role in defending organizations against advanced cyber threats targeting endpoints such as laptops, desktops, and mobile devices. Endpoint security is becoming increasingly important as remote work and Bring Your Own Device (BYOD) practices become more prevalent in the corporate landscape. Symantec's solutions offer a multi-layered approach to endpoint protection, combining technologies like antivirus, firewall, intrusion prevention, and behavioral analysis to detect and mitigate threats across diverse endpoints.
Overall, Symantec Corporation's strong presence in the managed security services market can be attributed to its deep expertise in cybersecurity, innovative solutions, and commitment to helping organizations enhance their security posture. As cyber threats continue to evolve in complexity and sophistication, the demand for managed security services is expected to rise, presenting significant growth opportunities for market players like Symantec. By staying at the forefront of technological advancements and investing in research and development, Sym**Global Managed Security Services Market**:
- **Managed Identity and Access Management (IAM)**
- **Managed Antivirus/Anti-Malware**
- **Managed Firewall**
- **Managed Risk and Compliance Management**
- **Managed Vulnerability Management**
- **Managed Security Incident and Event Management (SIEM)**
- **Managed Intrusion Detection Systems/Intrusion Prevention Systems (IDS/IPS)**
- **Managed Unified Threat Management (UTM)**
- **Managed Encryption**
- **Others**
The global managed security services market is witnessing significant growth due to the increasing cybersecurity threats faced by organizations across various industries. Managed security services offer a proactive approach to security by outsourcing expertise, technologies, and processes to specialized vendors. The growing adoption of cloud-based services and the proliferation of connected devices have heightened the need for robust security measures, driving the demand for managed security services.
With the rise in sophisticated cyber attacks and data breaches, organizations are prioritizing investment in managed security services to protect their digital assets and ensure regulatory compliance. Managed IAM services help organizations manage user access rights and identities efficiently, reducing the risk of unauthorized access. Additionally, Managed Firewall services play a crucial role in preventing unauthorized access to networks and applications, safeguarding sensitive information from cyber threats.
The market segmentation based on organization size highlights the increasing adoption of managed security services by SMEs to overcome resource constraints and enhance their security posture. Large enterprises, on the other hand, leverage managed security services to augment their existing security capabilities and
Key points covered in the report: -
- The pivotal aspect considered in the global Managed Security Services Market report consists of the major competitors functioning in the global market.
- The report includes profiles of companies with prominent positions in the global market.
- The sales, corporate strategies and technical capabilities of key manufacturers are also mentioned in the report.
- The driving factors for the growth of the global Managed Security Services Market are thoroughly explained along with in-depth descriptions of the industry end users.
- The report also elucidates important application segments of the global market to readers/users.
- This report performs a SWOT analysis of the market. In the final section, the report recalls the sentiments and perspectives of industry-prepared and trained experts.
- The experts also evaluate the export/import policies that might propel the growth of the Global Managed Security Services Market.
- The Global Managed Security Services Market report provides valuable information for policymakers, investors, stakeholders, service providers, producers, suppliers, and organizations operating in the industry and looking to purchase this research document.
TABLE OF CONTENTS
Part 01: Executive Summary
Part 02: Scope of the Report
Part 03: Research Methodology
Part 04: Market Landscape
Part 05: Pipeline Analysis
Part 06: Market Sizing
Part 07: Five Forces Analysis
Part 08: Market Segmentation
Part 09: Customer Landscape
Part 10: Regional Landscape
Part 11: Decision Framework
Part 12: Drivers and Challenges
Part 13: Market Trends
Part 14: Vendor Landscape
Part 15: Vendor Analysis
Part 16: Appendix
Countries Studied:
- North America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
- Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
- Middle-East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
- Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)
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