Managed security service refers to network security services, which offers remote monitoring, management of IT security functions, intrusion detection, scanning & anti-viral services, and among others. Managed Security Services (MSS) are provided by the managed security service providers (MSSP), which aid client organizations including small and medium sized enterprises (SMEs) and large enterprises such as IBM Corporation, Integralis Inc., and AT&T, in management of security of their networks. Increasing number of cyber threats has led to adoption of managed security services by enterprises in various sectors such as BFSI, IT and telecommunication, and government, which is expected to aid in the market growth of managed security service providers. Managed security service providers are majorly focusing on balancing device management, incident response, risk, and compliance functions. Additionally, companies are providing customized services including language support and data sovereignty. Moreover, the providers are adopting network behavioral analysis and predictive analysis to detect threats and events likely to place in the future systems and networks.
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Global Managed Security Service Provider Market: Regional Insights
On basis of region the global managed security service provider market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. Asia Pacific is expected to exhibit the highest growth, during the forecast period. India, China, and Japan are the major growth engines in the market of Asia Pacific. This is owing to increasing number of enterprises such as Innospec Chemical Co. Ltd. and Gramin Health Care, in the region. For instance, according to the Coherent Market Insights’ analysis, in India from 2013 to 2014, 58.5 million of new enterprise establishments were recorded. Therefore, increasing number of enterprises will demand for security services, thus propelling growth of the managed security service provider market.
Global Managed Security Service Provider Market: Competitive Background
The key vendors that offer managed security services across the globe are IBM Corporation, Hewlett Packard Enterprise Company, Verizon Communications, Inc., AT&T, Inc., Symantec Corporation, Fortinet, Inc., Solutionary, Inc., SecureWorks, Inc., Computer Services Corporation, CenturyLink, Inc., Trustwave Holdings, Inc., and Rapid7, Inc.
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