Managed Security Services Market: Insights
The global managed security services market is estimated to witness a significant CAGR during the forecast period (2020-2026). Growing demand for robust and cost-effective security services among enterprises, along with the growing adoption of cloud technology are some of the significant factors driving the market growth during the forecast period. Growing technological advancements in cloud and IoT and an increase in demand for tablet and mobile security solutions are some of the major factors expected to drive the market growth. Moreover, the need for threat intelligence at an early stage is one of the significant factors expected to propel the market growth. However, the lack of awareness of security services, and lack of skilled manpower are likely to hamper the market growth during the forecast period.
![Managed Security Services Market](https://www.globalmarketestimates.com/dashboard/uploads/Global Managed Security Services Market Size –Forecasts to 2026 .jpg)
Managed Security Services Market: By Type
Based on type, the global managed security services market is segmented into managed identity and access management (IAM), managed security incident and event management (SIEM), managed intrusion detection systems/intrusion prevention systems (IDS/IPS), Managed Unified threat management (UTM), managed antivirus/anti-malware, managed risk, and compliance management, managed firewall, managed vulnerability management and managed encryption, among others. The managed security incident and event management (SIEM) segment has estimated to hold the largest market share during the forecast period. The growing need for analyzing the generated security threats in a network is driving the market growth.
Managed Security Services Market: By Deployment Mode
Based on the deployment mode, the global managed security services market is segmented into on-premises, and cloud. Increasing security investment in software applications and service providers focuses on delivering web-based infrastructure rather than on-site services are some of the major factors driving the market growth. Furthermore, network service companies are offering applications for small to medium-sized businesses focused on protection as a service.
Managed Security Services Market: By Verticals
Based on the verticals, the global managed security services market is segmented into government, manufacturing, healthcare, retail, IT, telecom, utilities, and BFSI. The BFSI segment is estimated to hold the largest market share during the forecast period. It is one of the leading sectors that outsource security standards. Increasing regulations in the finance sector is driving the growth of the industry in this sector.
Managed Security Services Market: By Organization Size
Based on organization size, the global managed security services market is segmented into small and medium-sized enterprises (SMEs), and large enterprises. The small and medium-sized enterprises (SMEs) segment is expected to grow at a high CAGR during the forecast period. The growing demand for controlled security services is growing in small and medium-sized businesses due to the limited IT manpower needed to cope with complex threats. Moreover, growing awareness about security threats along with a rise in security spending among these organizations is boosting the adoption of managed security services.
![Managed Security Services Market](https://www.globalmarketestimates.com/dashboard/uploads/gme_report_400x800.jpg)
Managed Security Services Market: By Region
Based on region, the global managed security services market is segmented into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa. North America is expected to grow at a high CAGR during the forecast period. The growing number of managed security service providers in the region is expected to propel the demand for managed security services. Increasing cybercrime activities and cost-effectiveness are some of the major factors driving the market growth. Asia-Pacific is expected to hold the largest market share during the forecast period. The growing technological advancements in 5G and cloud are driving the market growth in the region. Growing IT security expenditure and favorable government policies in countries such as India and China are also driving the market growth in the region.
Managed Security Services Market: Share & Competitor Analysis
Some of the key players operating in the managed security services market are IBM, AT&T, NTT Data, Secureworks, DXC Technology, BT Security, ATOS, Infosys, Verizon, Cognizant, Cipher Security, Wipro, Accenture, Optiv Security, Trustwave, THE Herjavec Group, Capgemini, Kudelski Security, and Nuspire among others.
Please note: This is not an exhaustive list of companies profiled in the report.
In January 2019, Verizon Communications successfully acquired ProtectWise, headquartered in Colorado. The company is engaged in providing cloud-delivered network detection and response to its clients worldwide.
Check the Press Release on Global Managed Security Services Market Report
Managed Security Services Market: By Deployment Mode
- Introduction
- Managed Security Services Market, By Deployment Mode, 2020-2026 (USD Million)
- On-premises
- On-premises : Managed Security Services Market, 2020-2026 (USD Million)
- Cloud
- Cloud: Managed Security Services Market, 2020-2026 (USD Million)
Managed Security Services Market: By Verticals
- Introduction
- Managed Security Services Market, By Verticals Type, 2020-2026 (USD Million)
- Government
- Government: Managed Security Services Market, 2020-2026 (USD Million)
- Manufacturing
- Manufacturing: Managed Security Services Market, 2020-2026 (USD Million)
- Healthcare
- Healthcare: Managed Security Services Market, 2020-2026 (USD Million)
- Retail
- Retail: Managed Security Services Market, 2020-2026 (USD Million)
- IT
- IT: Managed Security Services Market, 2020-2026 (USD Million)
- Telecom
- Telecom: Managed Security Services Market, 2020-2026 (USD Million)
- BFSI
- BFSI: Managed Security Services Market, 2020-2026 (USD Million)
- Utilities
- Utilities: Managed Security Services Market, 2020-2026 (USD Million)
Managed Security Services Market: By Organization Size
- Introduction
- Managed Security Services Market, By Organization Size, 2020-2026 (USD Million)
- Small and Medium-sized Enterprises (SMEs)
- Small and Medium-sized Enterprises (SMEs): Managed Security Services Market, 2020-2026 (USD Million)
- Large enterprises
- Large enterprises: Managed Security Services Market, 2020-2026 (USD Million)
Managed Security Services Market: By Type
- Introduction
- Managed Security Services Market, By Type, 2020-2026 (USD Million)
- Managed Identity and Access Management (IAM)
- Managed Identity and Access Management (IAM): Managed Security Services Market, 2020-2026 (USD Million)
- Managed Security Incident and Event Management (SIEM)
- Managed Security Incident and Event Management (SIEM): Managed Security Services Market, 2020-2026 (USD Million)
- Managed Intrusion Detection Systems/Intrusion Prevention Systems (IDS/IPS)
- Managed Intrusion Detection Systems/Intrusion Prevention Systems (IDS/IPS): Managed Security Services Market, 2020-2026 (USD Million)
- Managed antivirus/anti-malware
- Managed antivirus/anti-malware: Managed Security Services Market, 2020-2026 (USD Million)
- Managed Unified Threat Management (UTM)
- Managed Unified Threat Management (UTM): Managed Security Services Market, 2020-2026 (USD Million)
- Managed risk and compliance management
- Managed risk and compliance management: Managed Security Services Market, 2020-2026 (USD Million)
- Managed firewall
- Managed firewall: Managed Security Services Market, 2020-2026 (USD Million)
- Managed vulnerability management
- Managed vulnerability management: Managed Security Services Market, 2020-2026 (USD Million)
- Managed encryption
- Managed encryption: Managed Security Services Market, 2020-2026 (USD Million)
- Others
- Others: Managed Security Services Market, 2020-2026 (USD Million)
Managed Security Services Market: By Region
- Introduction
- Global Managed Security Services Market, Regional Analysis, 2020-2026 (USD Million)
- North America
- North America Managed Security Services Market, Regional Analysis, 2020-2026 (USD Million)
- By Deployment Mode
- North America Managed Security Services Market, By Deployment Mode, 2020-2026 (USD Million)
- By Verticals
- North America Managed Security Services Market, By Verticals, 2020-2026 (USD Million)
- By Organization Size
- North America Managed Security Services Market, By Organization Size, 2020-2026 (USD Million)
- By Type
- North America Managed Security Services Market, By Type, 2020-2026 (USD Million)
- By Country
- U.S
- By Deployment Mode
- U.S. Managed Security Services Market, By Deployment Mode, 2020-2026 (USD Million)
- By Verticals
- U.S. Managed Security Services Market, By Verticals, 2020-2026 (USD Million)
- By Organization Size
- U.S. Managed Security Services Market, By Organization Size, 2020-2026 (USD Million)
- By Type
- U.S. Managed Security Services Market, By Type, 2020-2026 (USD Million)
- Canada.
- By Deployment Mode
- Canada Managed Security Services Market, By Deployment Mode, 2020-2026 (USD Million)
- By Verticals
- Canada Managed Security Services Market, By Verticals, 2020-2026 (USD Million)
- By Organization Size
- Canada Managed Security Services Market, By Organization Size, 2020-2026 (USD Million)
- By Type
- Canada Managed Security Services Market, By Type, 2020-2026 (USD Million)
- Mexico
- By Deployment Mode
- Mexico Managed Security Services Market, By Deployment Mode, 2020-2026 (USD Million)
- By Verticals
- Mexico Managed Security Services Market, By Verticals, 2020-2026 (USD Million)
- By Organization Size
- Mexico Managed Security Services Market, By Organization Size, 2020-2026 (USD Million)
- By Type
- Mexico Managed Security Services Market, By Type, 2020-2026 (USD Million)
- Europe
- Europe Managed Security Services Market, Regional Analysis, 2020-2026 (USD Million)
- By Deployment Mode
- Europe Managed Security Services Market, By Deployment Mode, 2020-2026 (USD Million)
- By Verticals
- Europe Managed Security Services Market, By Verticals, 2020-2026 (USD Million)
- By Organization Size
- Europe Managed Security Services Market, By Organization Size, 2020-2026 (USD Million)
- By Type
- Europe Managed Security Services Market, By Type, 2020-2026 (USD Million)
- By Country
- Germany
- By Deployment Mode
- Germany Managed Security Services Market, By Deployment Mode, 2020-2026 (USD Million)
- By Verticals
- Germany Managed Security Services Market, By Verticals, 2020-2026 (USD Million)
- By Organization Size
- Germany Managed Security Services Market, By Organization Size, 2020-2026 (USD Million)
- By Type
- Germany Managed Security Services Market, By Type, 2020-2026 (USD Million)
- UK
- By Deployment Mode
- UK Managed Security Services Market, By Deployment Mode, 2020-2026 (USD Million)
- By Verticals
- UK Managed Security Services Market, By Verticals, 2020-2026 (USD Million)
- By Organization Size
- UK Managed Security Services Market, By Organization Size, 2020-2026 (USD Million)
- By Type
- UK Managed Security Services Market, By Type, 2020-2026 (USD Million)
- France
- By Deployment Mode
- France Managed Security Services Market, By Deployment Mode, 2020-2026 (USD Million)
- By Verticals
- France Managed Security Services Market, By Verticals, 2020-2026 (USD Million)
- By Organization Size
- France Managed Security Services Market, By Organization Size, 2020-2026 (USD Million)
- By Type
- France Managed Security Services Market, By Type, 2020-2026 (USD Million)
- Italy
- By Deployment Mode
- Italy Managed Security Services Market, By Deployment Mode, 2020-2026 (USD Million)
- By Verticals
- Italy Managed Security Services Market, By Verticals, 2020-2026 (USD Million)
- By Organization Size
- Italy Managed Security Services Market, By Organization Size, 2020-2026 (USD Million)
- By Type
- Italy Managed Security Services Market, By Type, 2020-2026 (USD Million)
- Asia Pacific
- Asia Pacific Managed Security Services Market, Regional Analysis, 2020-2026 (USD Million)
- By Deployment Mode
- Asia Pacific Managed Security Services Market, By Deployment Mode, 2020-2026 (USD Million)
- By Verticals
- Asia Pacific Managed Security Services Market, By Verticals, 2020-2026 (USD Million)
- By Organization Size
- Asia Pacific Managed Security Services Market, By Organization Size, 2020-2026 (USD Million)
- By Type
- Asia Pacific Managed Security Services Market, By Type, 2020-2026 (USD Million)
- By Country
- China
- By Deployment Mode
- China Managed Security Services Market, By Deployment Mode, 2020-2026 (USD Million)
- By Verticals
- China Managed Security Services Market, By Verticals, 2020-2026 (USD Million)
- By Organization Size
- China Managed Security Services Market, By Organization Size, 2020-2026 (USD Million)
- By Type
- China Managed Security Services Market, By Type, 2020-2026 (USD Million)
- Japan
- By Deployment Mode
- Japan Managed Security Services Market, By Deployment Mode, 2020-2026 (USD Million)
- By Verticals
- Japan Managed Security Services Market, By Verticals, 2020-2026 (USD Million)
- By Organization Size
- Japan Managed Security Services Market, By Organization Size, 2020-2026 (USD Million)
- By Type
- Japan Managed Security Services Market, By Type, 2020-2026 (USD Million)
- India
- By Deployment Mode
- India Managed Security Services Market, By Deployment Mode, 2020-2026 (USD Million)
- By Verticals
- India Managed Security Services Market, By Verticals, 2020-2026 (USD Million)
- By Organization Size
- India Managed Security Services Market, By Organization Size, 2020-2026 (USD Million)
- By Type
- India Managed Security Services Market, By Type, 2020-2026 (USD Million)
- South Korea
- By Deployment Mode
- South Korea Managed Security Services Market, By Deployment Mode, 2020-2026 (USD Million)
- By Verticals
- South Korea Managed Security Services Market, By Verticals, 2020-2026 (USD Million)
- By Organization Size
- South Korea Managed Security Services Market, By Organization Size, 2020-2026 (USD Million)
- By Type
- South Korea Managed Security Services Market, By Type, 2020-2026 (USD Million)
- Rest Of Apac
- By Deployment Mode
- Rest Of Apac, Managed Security Services Market, By Deployment Mode, 2020-2026 (USD Million)
- By Verticals
- Rest Of Apac Managed Security Services Market, By Verticals, 2020-2026 (USD Million)
- By Organization Size
- Rest Of Apac Managed Security Services Market, By Organization Size, 2020-2026 (USD Million)
- By Type
- Rest Of Apac Managed Security Services Market, By Type, 2020-2026 (USD Million)
- Central & South America
- Central & South America Managed Security Services Market, Regional Analysis, 2020-2026 (USD Million)
- By Deployment Mode
- Central & South America Managed Security Services Market, By Deployment Mode, 2020-2026 (USD Million)
- By Verticals
- Central & South America Managed Security Services Market, By Verticals, 2020-2026 (USD Million)
- By Organization Size
- Central & South America Managed Security Services Market, By Organization Size, 2020-2026 (USD Million)
- By Type
- Central & South America Managed Security Services Market, By Type, 2020-2026 (USD Million)
- By Country
- Brazil
- By Deployment Mode
- Brazil Managed Security Services Market, By Deployment Mode, 2020-2026 (USD Million)
- By Verticals
- Brazil Managed Security Services Market, By Verticals, 2020-2026 (USD Million)
- By Organization Size
- Brazil Managed Security Services Market, By Organization Size, 2020-2026 (USD Million)
- By Type
- Brazil Managed Security Services Market, By Type, 2020-2026 (USD Million)
- Middle East & Africa
- Middle East & Africa Managed Security Services Market, Regional Analysis, 2020-2026 (USD Million)
- By Deployment Mode
- Middle East & Africa Managed Security Services Market, By Deployment Mode, 2020-2026 (USD Million)
- By Verticals
- Middle East & Africa Managed Security Services Market, By Verticals, 2020-2026 (USD Million)
- By Organization Size
- Middle East & Africa Managed Security Services Market, By Organization Size, 2020-2026 (USD Million)
- By Type
- Middle East & Africa Managed Security Services Market, By Type, 2020-2026 (USD Million)
- By Country
- Saudi Arabia
- By Deployment Mode
- Saudi Arabia Managed Security Services Market, By Deployment Mode, 2020-2026 (USD Million)
- By Verticals
- Saudi Arabia Managed Security Services Market, By Verticals, 2020-2026 (USD Million)
- By Organization Size
- Saudi Arabia Managed Security Services Market, By Organization Size, 2020-2026 (USD Million)
- By Type
- Saudi Arabia Managed Security Services Market, By Type, 2020-2026 (USD Million)
- UAE
- By Deployment Mode
- UAE Managed Security Services Market, By Deployment Mode, 2020-2026 (USD Million)
- By Verticals
- UAE Managed Security Services Market, By Verticals, 2020-2026 (USD Million)
- By Organization Size
- UAE Managed Security Services Market, By Organization Size, 2020-2026 (USD Million)
- By Type
- UAE Managed Security Services Market, By Type, 2020-2026 (USD Million)
The global Managed Security Services Market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
![Managed Security Services Market](https://www.globalmarketestimates.com/dashboard/uploads/1.png)
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Managed Security Services Market.
![Managed Security Services Market](https://www.globalmarketestimates.com/dashboard/uploads/2.png)
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
![Managed Security Services Market](https://www.globalmarketestimates.com/dashboard/uploads/3.png)
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.
![Managed Security Services Market](https://www.globalmarketestimates.com/dashboard/uploads/4.png)