Dublin, Nov. 12, 2020 (GLOBE NEWSWIRE) -- The "Managed and Professional Security Services Market in the Americas, Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.
The volume, sophistication, and diversity of cyber threats are an unrelenting problem for companies' internal information security teams. Outsourcing to manage and secure IT environments has become a cost-effective option for those with outdated or otherwise inadequate cybersecurity practices.
Competition and pricing pressure will intensify over the forecast period, compelling providers to increase their investments in technological innovation and sales and marketing, and to pursue strategic acquisitions. The goal is to offer a superior value proposition that demonstrates a convincing return on investment for clients.
Although protection and prevention service lines bring in the majority of managed security service revenue, detection and response is growing at a faster pace. Enterprises have determined that protection and prevention can reduce the number of security breaches but not guarantee elimination as alerts and incidents increase, and that internal capabilities are insufficient to expeditiously and accurately detect, triage, and respond to genuine compromises.
In their effort to thwart cyberattacks, IT security personnel remain at an inherent disadvantage: as they protect business assets and processes, they also must ensure that they do not get in the way of legitimate operations. Achieving both objectives is rarely possible, especially in a highly competitive and digitally connected business environment. Sacrifices in cyber defenses and judgment calls on acceptable risk are inevitable.
Leveraging their experience and expertise in utilizing top security technologies and armed with perspectives on cyber adversaries' techniques, tactics, and procedures, security service providers make a compelling argument that they can lessen their clients' exposure and mitigate the advances of cyber adversaries. Businesses need a partner that is delivering effective security services at scale for many clients across multiple attack vectors.
Security is essential for business today. As employees use more technology to be more productive, advanced detection and response services are a must. Digital transformation projects and operational changes in response to the COVID-19 pandemic will boost the demand for security.
The future of managed security services will be analytics. Providers will choose from among several approaches: building analytics systems from scratch; investing in analytics platforms; doubling down on incumbent security information and event management platforms; integrating with a third party's capabilities to supplement in-house capabilities; or (most likely) leveraging a combination of all of these.
Key Topics Covered:
1. Executive Summary
Market Engineering Measurements
2. Market Overview
Market Definitions-MSS Service Lines
Key Questions this Study will Answer
Market Distribution Channels
3. Drivers and Restraints
4. Forecasts and Trends
Revenue Forecast Discussion
Revenue Share Forecast by Region
Revenue Share Forecast by Region Discussion
Revenue Share Forecast by Vertical Market
Revenue Share Forecast by Vertical Market Discussion
Revenue Share Forecast by Business Size
Revenue Share Forecast by Business Size Discussion
Revenue Share Forecast by MSS Line
Revenue Share Forecast by MSS Line Discussion
Revenue Share Forecast by PSS Line
Revenue Share Forecast by PSS Line Discussion
5. Market Share and Competitive Analysis
6. Growth Opportunities and Companies to Action
Growth Opportunity 1-Advanced Threats
Growth Opportunity 2-Digital Transformation
Growth Opportunity 3-IoT
Growth Opportunity 4-Geographic Expansion
Growth Opportunity 5-Vertical Specialization
Strategic Imperatives for Success and Growth
7. Strategic Insights for CISOs
The Last Word
3 Big Predictions
The Last Word-Recommendations
For more information about this report visit https://www.researchandmarkets.com/r/msfxur
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