Managed Security Services Market worth $31.86 Billion by 2019 - New Report by MarketsandMarkets
(PRWEB) September 29, 2014 -- The new research report "Managed Security Services Market by Services (Managed IDS/IPS, DDoS Protection, Managed SWG, SIEM, MICS, Log Management & Analytics), by Deployment Type (Hosted, On-Premise), and by Organization Size (SME, Enterprise) - Global Forecast (2014 - 2019)", defines and segments global Managed security services market into various sub-segments with in-depth analysis and forecasting of revenues. This report also identifies drivers and restraints for this market with insights into latest trends, opportunities, and challenges.
Browse 71 Market Data Tables with 37 Figures Spread Through 135 pages and in-depth TOC on "Managed Security Services Market by Services (Managed IDS/IPS, DDoS Protection, Managed SWG, SIEM, MICS, Log Management & Analytics), by Deployment Type (Hosted, On-Premise), & by Organization Size (SME, Enterprise) - Global Forecast (2014 - 2019)"
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MarketsandMarkets has segmented this market by solutions, deployment types, organization size, verticals and regions. The major driving forces which are enabling the growth of this market are: rise in cybercrimes and threats, rising need of meeting compliance and data protection laws, security staffing and budgeting constraints on the organizations, increasing adoption of cloud services are the influencing the growth of this market.
Some of the products which are gaining traction and investment from various vendors are managed services are monitored or managed firewalls or IPSs, monitored or managed IDSs, DDoS protection, managed SWG, log management, analysis and reporting, SIEM, managed vulnerability scanning (servers, networks, databases, applications and URL filtering), and others. Some of the major providers are AT&T, Verizon, CSC, Dell secure works, Symantec, IBM, Trustwave, Solutionary, and others. These vendors have uniquely positioned themselves in the market with propagation of new product developments and lucrative partnerships and acquisitions.
MarketsandMarkets forecasts the Managed Security Services market is expected to grow from $14.32 billion in 2014 to $31.86 billion in 2019, at a Compound Annual Growth Rate (CAGR) of 17.3% from 2014 to 2019. BFSI, utilities, IT & Telecom and Government is expected to be the biggest contributor in terms of revenue contribution, while the growing markets of Europe and APAC are expected to experience increased market traction with high CAGR’s, during the forecast period.
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