Managed Security Services Market Research reports 2024

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The global managed security 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.




Market Segmentation

Global managed security services market is segmented based on application, deployment type, organization size, industry vertical and geography. By application 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. Based on 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. Major industry verticals are BFSI, retail, telecommunications and IT, government, healthcare and others. Geographically, the market is segmented into North America, Europe, Asia-Pacific and Latin America, Middle East and Africa (LAMEA).

Banking financial services & insurance is anticipated to dominate the global managed security market. It is expected to grow at steady CAGR of 14.4% for the forecasted period of 2016-2024.

Major players of 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.

MARKET SEGMENTATION

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

Key Market Players
• 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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