DUBLIN, October 18, 2021--(BUSINESS WIRE)--The "Managed Security Services - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Amid the COVID-19 crisis, the global market for Managed Security Services estimated at US$26.9 Billion in the year 2020, is projected to reach a revised size of US$65 Billion by 2027, growing at a CAGR of 13.5% over the analysis period 2020-2027.
Identity & Access Management, one of the segments analyzed in the report, is projected to record a 13.6% CAGR and reach US$16.7 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Antivirus/Anti-Malware segment is readjusted to a revised 12.5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $7.2 Billion, While China is Forecast to Grow at 17.5% CAGR
The Managed Security Services market in the U.S. is estimated at US$7.2 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$14.5 Billion by the year 2027 trailing a CAGR of 17.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 9.6% and 11.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 10.6% CAGR.
Firewall Segment to Record 15% CAGR
In the global Firewall segment, USA, Canada, Japan, China and Europe will drive the 14.1% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$2.4 Billion in the year 2020 will reach a projected size of US$6.1 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$9.8 Billion by the year 2027, while Latin America will expand at a 16.7% CAGR through the analysis period.
Select Competitors (Total 115 Featured):
BT Group plc
Check Point Software Technologies Ltd.
Cisco Systems Inc.
Deutsche Telekom AG
DXC Technology Co.,
H3C Technologies Co. Ltd.
Juniper Networks Inc.
Trustwave Holdings Inc.
Verizon Enterprise Solutions
WatchGuard Technologies Inc.
Key Topics Covered:
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Influencer Market Insights
World Market Trajectories
Impact of Covid-19 and a Looming Global Recession
Modern Connected World and its Share of Perils
Recent Market Activity
Rise in Magnitude of Cyber Crime to Drive Increased Adoption of Cyber Security Services
A Peek into Common Security Threats for Enterprise IT Assets
Types of Internal IT Security Breaches in Organizations - Ranked in the Order of Frequency of Occurrence
Types of External Security Breaches in Organizations - Ranked in the Order of Frequency of Occurrence
Ever-Growing Threat Landscape Compels Demand for Managed Security Services
MSSPs Enable Low Cost & Simplified Administration
Opportunities for MSSPs in the Network Security Market
Steady Growth Projected Over the Next Few Years
Developed Regions: Prime Revenue Contributors
Developing Regions to Fuel Future Growth in the Managed Security Services Market
Periods of Economic Slowdown Increases Security Risks - Magnifies the Business Case for Efficient Security Solutions
Stable Economic Scenario to Further Improve Market Prospects
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Advanced Managed Security Solutions - The Need of the Hour
Security Threats from Cloud Infrastructure Deployments to Drive Demand for Cloud-based MSS
Convergence Continues to Gain Strength
Need for Log Monitoring & Management Accelerates Demand for SIEM
Small & Mid-Sized Businesses (SMBs) - A Lucrative Market Segment
Cost Benefits & Compliance Needs Spur Market Demand
E-Commerce Instigates New Demand for MSS
Security for Mobile Applications to Offer Huge Business Opportunity
Initiatives by MSSPs for Mobile Security
Growing BYOD Phenomenon Steers Adoption of Managed Security Services
Key Factors Encouraging BYOD Trend among Enterprises Ranked by Importance Attached by Enterprises
Threat from Social Networking Sites Puts Focus on MSS
Big Data Analytics Set to Storm the Managed Security Market
Internet of Things (IoT) and Widening Attack Surface Drive Demand
Mushrooming Datacenters Widen the Scope & Span of MSS
Content Filtering an Integral part of Unified Threat Management (UTM)
Firewalls Remain Integral to Network Security
Enterprises Embrace VPN Services to Achieve Network Security and Anonymity
Intrusion Detection & Prevention Systems - A Review of Opportunities
Adoption of SDN and NFV Technologies Enable Flexible Deployment of Security Functions
Endpoint Security Gains Importance in MSS Portfolio
Security as a Service Model Augments Prospects for MSS Providers
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
For more information about this report visit https://www.researchandmarkets.com/r/xjs0js
View source version on businesswire.com: https://www.businesswire.com/news/home/20211018005504/en/
Laura Wood, Senior Press Manager
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