Managed Security Services Market By Application (IPS & IDS, Distributed denial of services, Unified threat management, Secured information & event, Endpoint security, Firewall management), By Deployment mode, Cloud based, On premise), Estimation & forecast, 2016 - 2024

September 2017

 Pages: 151

 ERC 6065


Managed Security Services Market was valued at $16.6 billion in 2016, and is projected to reach $56.4 billion by 2024, having a CAGR of 16.6% during the forecast period of 2017 to 2024.In 2016, cloud based deployment mode held the largest share in global managed security market.

Managed security services (MSS) is an umbrella term that encompass functions such as monitoring patch management, regular monitoring and managing of intrusion detection systems & firewalls, conducting security assessments & audits, and forecasting and responding to threats. Organizations usually outsource such services due to the lack of in-house resources or expertise and the need for the management of security after the usual office operating hours as well. The surge in the number of cyber criminals and cyber-attacks has endangered the privacy of organizations. In order to secure their personal and vital data, organizations are propelled to enhance their in-house security system or outsource the managed security services from the best managed security service providers. Managed security service providers deliver security services ranging from infrastructure setup through security management to forecasting the security threats prior to their occurrence.

Managed Security Services Market Determinants

The managed security services market is mainly driven by the inclination of organizations towards managed security services. Organizations are under continuous threat of data theft from the cyber world, due to which they are opting for enhanced managed security services and ensuring their data safety and continuous organizational processes. In addition, enhancement in remote management tools and their cost effectiveness is surging the adoption of such services. On the other hand, stringent government regulations and lack of trust in third party applications are the main market determinants that might hamper the market growth. However, innovations in technology and rising awareness regarding cyber theft are anticipated to offer lucrative opportunities to the managed security services market players in the upcoming years.


Market Segmentation

Global managed security services market is segmented based on application, deployment type, organization size, industry vertical and geography. On the basis of application, the global managed security services market is segmented as IPS & IDS, Distributed denial of services, Unified threat management, Secured information & event, Endpoint security, Firewall management and Others. By deployment type, the market is segmented into on-premises and cloud models. Based on organization size, the market is segmented into small and medium sized businesses (SMBs) and large enterprises. On the basis of industry verticals, the market is segmented into BFSI, retail, telecommunications and IT, government, healthcare and others. Geographically, the market is segmented into North America, Europe, Asia-Pacific and Rest of the World.


The BFSI segment is expected to lead the global managed security services market in terms of market share. It is anticipated to grow at steady CAGR of 14.4% during the forecast period of 2017-2024.

Major players active in the market are AT&T Inc., BT Group, Check Point Software Technologies Ltd., Cisco Systems Inc., Computer Sciences Corporation, Dell Secureworks, Inc., Fortinet Inc., HP Inc., IBM Corporation, and Symantec Corporation. The market players are focusing on product launch, partnerships, and acquisitions, in order to gain a competitive edge over their competitors.


By Application
   • IPS & IDS
   • Distributed denial of services
   • Unified threat management
   • Secured information & event
   • Endpoint security
   • Firewall management
   • Others

By Deployment Mode
   • Cloud-based
   • On-premise

By Industry Vertical
   • BFSI
   • Healthcare
   • Manufacturing
   • Retail
   • Telecom & IT
   • Others

By Organization Size
   • Small & medium
   • Large Enterprises

By Geography
   • North America
   • Europe
   • APAC
   • ROW


• AT&T Inc.
• BT Group
• Check Point Software Technologies Ltd.
• Cisco Systems Inc.
• Computer Sciences Corporation
• Dell Secureworks, Inc.
• Fortinet Inc.
• HP Inc.
• IBM Corporation
• Symantec Corporation

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