Managed Security Service Market Insights by Leading Companies, Demand Analysis, Future Growth and Revenue Forecast to 2021


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Shibuya Data Count

Oct 14, 2021, 06:57 EST


Shibuya-ku, Tokyo, Japan, Japan, Oct 14, 2021, 06:57 /Comserve / -- 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 Compound Annual Growth Rate (CAGR) of 14.6% during the forecast period.

With COVID-19 resulting in the economic fallout, numerous economies are working on game-changing improvements to protect their employees and clients. While focusing on the ongoing challenges, the leaders are embracing new plans in order to manage and stay afloat in this competitive environment. 

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 Compound Annual Growth Rate (CAGR) of 14.6% during the forecast period. 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.

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.

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The Final Report will cover the impact analysis of COVID-19 on this industry: Managed Security Service Market Insights by Leading Companies, Demand Analysis, Future Growth and Revenue Forecast to 2021

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.

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.

Fill This Form and get the Sample Copy of This Report: https://www.sdki.jp/sample-request-107899
The Final Report will cover the impact analysis of COVID-19 on this industry: Managed Security Service Market Insights by Leading Companies, Demand Analysis, Future Growth and Revenue Forecast to 2021

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%

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.

TABLE OF CONTENTS

1 INTRODUCTION 15
1.1 OBJECTIVES OF THE STUDY 15
1.2 MARKET DEFINITION 15
1.3 MARKET SCOPE 15
1.3.1 MARKETS COVERED 16
1.3.2 YEARS CONSIDERED IN THE REPORT 16
1.4 CURRENCY 17
1.5 LIMITATIONS 17
1.6 STAKEHOLDERS 17

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