Global Managed Security Services Market Opportunities and Forecast 2023-2030
- DLR2967
- 18 March, 2022
- Service & Software
- Pages: 120
- Global
Global Managed Security Services Market, By Industry Verticals (Banking and financial services and insurance, Government and utilities, Manufacturing, Telecom and IT, Retail, Healthcare, Others) By Application (Network security, Access control, Business continuity, Compliance, Confidentiality, Risk Assessment), and opportunities and forecast 2023-2030
Managed Security Services Market Overview
MSS stands for Managed Security Services, which is a systematic approach to managing an organization's security needs. This is required for improved protection against security breaches and cyber-attacks.
The importance of cybersecurity in major sectors has helped to drive sales in the global managed security services market. Furthermore, the public's attention has been drawn to the unprecedented necessity to ensure the security of operations on cloud platforms. Furthermore, as companies become more reliant on internet-based solutions for day-to-day work, the global managed security services market is expected to expand. Several technological companies offered security management services as a sideline, adding to the overall market's growth. Cybersecurity solutions are outperforming physical security solutions, which is an important market growth factor.
On the other hand, consumers are unwilling to give personal information, which may limit the growth of the managed security services market in the coming years.
Covid-19 Impact on Managed Security Services Market
Like many other industries, COVID-19 badly knocked the electronic and semiconductor industries. This unprecedented event has impacted nearly 230 countries in just a few weeks, resulting in the forced shutdown of manufacturing and transportation activities within and across the countries. This has directly affected the overall sector's growth. It is estimated that COVID-19 to leave more than USD 30 billion impacts on the electronics and semiconductor industry. The sector is majorly affected due to transport restrictions on major electronics and semiconductor raw material providers. However, the emerging need for semiconductors in several industries will offer rapid market recovery over the future period.
Managed Security Services Market Segment Overview
Based on the Application, confidentiality market, compliance services, and network security services collectively account for the highest share in the market for managed security services. By Industry Verticals, Government Utility Sectors, Telecom and IT, and the BFSI account for a maximum share in the global Managed Security Services market.
Managed Security Services Market, By Industry Verticals
· Banking and financial services and insurance
· Government and utilities
· Manufacturing
· Telecom and IT
· Retail
· Healthcare
· Others
Managed Security Services Market, By Application
· Network security
· Access control
· Business continuity
· Compliance
· Confidentiality
· Risk Assessment
Managed Security Services Market Regional Overview
In terms of geography, the global Managed Security Services market is classified into North America, South America, Europe, Asia Pacific, and Middle East & Africa. North America has dominated the regional market and is expected to do so during the projection period. Moreover, during the projected period, Asia Pacific is expected to increase at a rapid rate.
Managed Security Services Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Managed Security Services Market, Key Players
· International Business Machines Corporation (IBM)
· AT&T Inc.
· Trustwave Holdings, Inc.
· Dell SecureWorks, Inc.
· Fujitsu Ltd.
· Symantec Corporation
· Hewlett-Packard Company (HP)
· EMC Corporation
· Others
Managed Security Services Market Overview
MSS stands for Managed Security Services, which is a systematic approach to managing an organization's security needs. This is required for improved protection against security breaches and cyber-attacks.
The importance of cybersecurity in major sectors has helped to drive sales in the global managed security services market. Furthermore, the public's attention has been drawn to the unprecedented necessity to ensure the security of operations on cloud platforms. Furthermore, as companies become more reliant on internet-based solutions for day-to-day work, the global managed security services market is expected to expand. Several technological companies offered security management services as a sideline, adding to the overall market's growth. Cybersecurity solutions are outperforming physical security solutions, which is an important market growth factor.
On the other hand, consumers are unwilling to give personal information, which may limit the growth of the managed security services market in the coming years.
| Report Metric | Details |
| Market size available for years | 2019–2027 |
| Base year considered | 2019 |
| Forecast period | 2020–2027 |
| Forecast unit | Value (USD Million) |
| Segments covered | Industry Verticals, Application, and Region. |
| Regions covered | North America (the U.S. and Canada), Europe (UK, Germany, France, Italy, Spain, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South East Asia, Rest of Asia Pacific), Latin America and the Middle East and Africa (Brazil, Saudi Arabia, UAE, Rest of LAMEA) |
| Companies covered | International Business Machines Corporation (IBM), AT&T Inc., Trustwave Holdings, Inc., Dell SecureWorks, Inc., Fujitsu Ltd., Symantec Corporation, Hewlett-Packard Company (HP), and EMC Corporation, and Others. |
Covid-19 Impact on Managed Security Services Market
Like many other industries, COVID-19 badly knocked the electronic and semiconductor industries. This unprecedented event has impacted nearly 230 countries in just a few weeks, resulting in the forced shutdown of manufacturing and transportation activities within and across the countries. This has directly affected the overall sector's growth. It is estimated that COVID-19 to leave more than USD 30 billion impacts on the electronics and semiconductor industry. The sector is majorly affected due to transport restrictions on major electronics and semiconductor raw material providers. However, the emerging need for semiconductors in several industries will offer rapid market recovery over the future period.
Managed Security Services Market Segment Overview
Based on the Application, confidentiality market, compliance services, and network security services collectively account for the highest share in the market for managed security services. By Industry Verticals, Government Utility Sectors, Telecom and IT, and the BFSI account for a maximum share in the global Managed Security Services market.
Managed Security Services Market, By Industry Verticals
· Banking and financial services and insurance
· Government and utilities
· Manufacturing
· Telecom and IT
· Retail
· Healthcare
· Others
Managed Security Services Market, By Application
· Network security
· Access control
· Business continuity
· Compliance
· Confidentiality
· Risk Assessment
Managed Security Services Market Regional Overview
In terms of geography, the global Managed Security Services market is classified into North America, South America, Europe, Asia Pacific, and Middle East & Africa. North America has dominated the regional market and is expected to do so during the projection period. Moreover, during the projected period, Asia Pacific is expected to increase at a rapid rate.
Managed Security Services Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Managed Security Services Market, Key Players
· International Business Machines Corporation (IBM)
· AT&T Inc.
· Trustwave Holdings, Inc.
· Dell SecureWorks, Inc.
· Fujitsu Ltd.
· Symantec Corporation
· Hewlett-Packard Company (HP)
· EMC Corporation
· Others
Frequently Asked Questions (FAQ) :
Q1. What are the driving factors for the global Managed Security Services market?
A. Cybersecurity solutions are outperforming physical security solutions, which is an important market growth factor.
Q2. What are the restraining factors for the global Managed Security Services market?
A. Consumers are unwilling to give personal information, which may limit the growth of the managed security services market in the coming years.
Q3. Which segment is projected to hold the largest share in the global Managed Security Services market. ?
A. Confidentiality, Compliance, and Network Security segments are projected to hold the largest share in the global Managed Security Services market.
Q4. Which region holds the largest share in the global Managed Security Services market?
A. North America held the largest share in the global Managed Security Services market
Q5. Which are the prominent players in the global Managed Security Services market?
A. International Business Machines Corporation (IBM), AT&T Inc., Trustwave Holdings, Inc., Dell SecureWorks, Inc., Fujitsu Ltd., Symantec Corporation, Hewlett-Packard Company (HP), and EMC Corporation. are some key players in the global Managed Security Services market.
Managed Security Services Market Study Global Market Analysis, Insights and Forecast, 2020-2027
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Managed Security Services Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Industry Verticals
- 5.2.1. Banking and financial services and insurance
- 5.2.2. Government and utilities
- 5.2.3. Manufacturing
- 5.2.4. Telecom and IT
- 5.2.5. Retail
- 5.2.6. Healthcare
- 5.2.7. Others
- 5.3. Market Analysis, Insights and Forecast – By Application
- 5.3.1. Network security
- 5.3.2. Access control
- 5.3.3. Business continuity
- 5.3.4. Compliance
- 5.3.5. Confidentiality
- 5.3.6. Risk Assessment
- 5.4. Market Analysis, Insights and Forecast – By Region
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia Pacific
- 5.4.4. Latin America, Middle East and Africa
6. North America Managed Security Services Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Industry Verticals
- 6.2.1. Banking and financial services and insurance
- 6.2.2. Government and utilities
- 6.2.3. Manufacturing
- 6.2.4. Telecom and IT
- 6.2.5. Retail
- 6.2.6. Healthcare
- 6.2.7. Others
- 6.3. Market Analysis, Insights and Forecast – By Application
- 6.3.1. Network security
- 6.3.2. Access control
- 6.3.3. Business continuity
- 6.3.4. Compliance
- 6.3.5. Confidentiality
- 6.3.6. Risk Assessment
- 6.4. Market Analysis, Insights and Forecast – By Country
- 6.4.1. U.S.
- 6.4.2. Canada
7. Europe Managed Security Services Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Industry Verticals
- 7.2.1. Banking and financial services and insurance
- 7.2.2. Government and utilities
- 7.2.3. Manufacturing
- 7.2.4. Telecom and IT
- 7.2.5. Retail
- 7.2.6. Healthcare
- 7.2.7. Others
- 7.3. Market Analysis, Insights and Forecast – By Application
- 7.3.1. Network security
- 7.3.2. Access control
- 7.3.3. Business continuity
- 7.3.4. Compliance
- 7.3.5. Confidentiality
- 7.3.6. Risk Assessment
- 7.4. Market Analysis, Insights and Forecast – By Country
- 7.4.1. UK
- 7.4.2. Germany
- 7.4.3. France
- 7.4.4. Italy
- 7.4.5. Spain
- 7.4.6. Russia
- 7.4.7. Rest of Europe
8. Asia Pacific Managed Security Services Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Industry Verticals
- 8.2.1. Banking and financial services and insurance
- 8.2.2. Government and utilities
- 8.2.3. Manufacturing
- 8.2.4. Telecom and IT
- 8.2.5. Retail
- 8.2.6. Healthcare
- 8.2.7. Others
- 8.3. Market Analysis, Insights and Forecast – By Application
- 8.3.1. Network security
- 8.3.2. Access control
- 8.3.3. Business continuity
- 8.3.4. Compliance
- 8.3.5. Confidentiality
- 8.3.6. Risk Assessment
- 8.4. Market Analysis, Insights and Forecast – By Country
- 8.4.1. China
- 8.4.2. India
- 8.4.3. Japan
- 8.4.4. Australia
- 8.4.5. South East Asia
- 8.4.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Managed Security Services Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Industry Verticals
- 9.2.1. Banking and financial services and insurance
- 9.2.2. Government and utilities
- 9.2.3. Manufacturing
- 9.2.4. Telecom and IT
- 9.2.5. Retail
- 9.2.6. Healthcare
- 9.2.7. Others
- 9.3. Market Analysis, Insights and Forecast – By Application
- 9.3.1. Network security
- 9.3.2. Access control
- 9.3.3. Business continuity
- 9.3.4. Compliance
- 9.3.5. Confidentiality
- 9.3.6. Risk Assessment
- 9.4. Market Analysis, Insights and Forecast – By Country
- 9.4.1. Brazil
- 9.4.2. Saudi Arabia
- 9.4.3. UAE
- 9.4.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. International Business Machines Corporation (IBM)
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. AT&T Inc.
- 10.6. Trustwave Holdings, Inc.
- 10.7. Dell SecureWorks, Inc.
- 10.8. Fujitsu Ltd.
- 10.9. Symantec Corporation
- 10.10. Hewlett-Packard Company (HP)
- 10.11. EMC Corporation
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