GLOBAL MANAGED SECURITY SERVICES MARKET 2016-2020
WiseGuyReports.com adds “GLOBAL MANAGED SECURITY SERVICES MARKET 2016-2020” report to its research database.
This market research report includes a detailed segmentation of the global managed security services market by deployment type (cloud-based and on-premises). It also outlines the market shares for key regions such as the Americas, EMEA, and APAC. The report also provides a comprehensive analysis of the leading vendors, including AT&T, Dell, IBM, Symantec, and Verizon.
Outlook of the global managed security services market
Technavio’s market research analyst predicts the global managed security services market to grow steadily at a CAGR of nearly 12% until 2020. The high adoption of managed services due to their high convenience and service quality assurance for end users will result in this market’s growth during the forecast period. Additionally, benefits like its ability to reduce the IT budget and to provide high levels of responsiveness, and ensure quick fault resolution will augment the adoption of managed security services until the end of 2020.
The increasing demand from SMBs is the key driver for the growth of this market. In recent times, it has been observed that the changing aspects of businesses have prompted organizations worldwide to overhaul their existing business models and infrastructure. Security services support the growth of a company by optimizing their business processes and improving their operational efficiency. Since these services offer high-level security for sensitive or confidential information, their demand from SMBs will increase rapidly during the forecast period.
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Segmentation by deployment type and analysis of the managed security services market
- Cloud-based managed security services
- On-premises managed security services
In this market study, analysts have estimated the cloud-based managed security services segment to account for more than 56% of the total market share by 2020. Since cloud-based managed security services are easy to implement and maintain, their rate of adoption will witness a significant increase by 2020. Also, factors such as the growing preference of IT companies to reduce their IT expenditure and invest more in their core operations will result in the augmented adoption of cloud-based managed security services during the predicted period.
Geographical segmentation of the managed security services market
At present, the Americas dominate the global market for managed security services and is envisaged to witness a slight decline in its total market share by 2020 owing to the rapid growth of the APAC region. The market share of APAC is estimated to increase during the forecast period because of the growing adoption of cloud-based managed security services by SMBs and large enterprises.
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Competitive landscape and key vendors
The global managed security services market is competitive due to the presence of numerous small and large suppliers. In this market, the established managed security service vendors are expected to acquire niche vendors to expand their product portfolio and boost their market share.
The leading vendors in the market are -
Other prominent vendors in the market include BT Global Services, Century Link, CGI Group, CheckPoint Software Technologies, Cisco, CSC, FishNet Security, Fortinet, Hewlett-Packard (HP), NTT Com Security, and Trustwave.
Key questions answered in the report include
- What will the market size and the growth rate be in 2020?
- What are the key factors driving the global managed security services market?
- What are the key market trends impacting the growth of the managed security services market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the vendors in the global managed security services market?
- Trending factors influencing the market shares of the Americas, APAC, and EMEA.
- What are the key outcomes of the five forces analysis of the managed security services market?
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