The major Key players analyzed in this report include: AT&T, Verizon, Dell secure works, CSC, Trustwave, IBM, Fujitsu, Symantec, HP, Solutionary and many more.
(PRWEB) December 13, 2014
The research report defines the "Managed Security Services Market" on the basis of its vital sub-segments to provide detailed analysis of the growth trends and revenue forecasts. According to the report, the global market is expected to grow at a CAGR of over 17.3% from 2014 to reach $31.86 billion in 2019.
Browse "Managed Security Services Market " through exclusive Data Tables, ToC, and Figures, spread through over 135 report pages.
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According to the report, the Managed Security Services (MSS) market has gained strong momentum and continues gaining. The growth of this market is driven by the constant need of organizations to prevent their IT systems and network infrastructure from cyber crimes, malicious attacks and to reduce the misleading effects of vulnerabilities. Increasing deployment of cloud services, smartphones, big data trends and apps stores have attracted the attention of hackers. This shows that there will be an increase in demand for security service providers. As mentioned in the report, advancements in BFSI verticals, IT & telecom and huge investments by emerging economies in APAC, MEA and LA regions on security of IT systems and infrastructure are the major drivers of this market.
According to the report findings, Asia Pacific region is expected to have the highest growth rate over the next five years. However, the distributed denial of service (DDoS) protection market is expected to generate the highest revenue during the forecasted period. According to the report, services are gaining traction and investment from diverse vendors including AT&T, Dell secure works, CSC, Symantec, Verizon, IBM, Trustwave, Solutionary and others.
The report expects North American and European regions to have the largest market size in 2014, followed by APAC which is estimated to witness the highest growth rate. The BFSI and IT & telecom market is expected to show dynamic growth over the five years. Due to increase in demand for managed security services, this MSSPs market would also show growth in the distributed denial of services (DDoS) protection, Security information and event management (SIEM) and managed secure web gateways (SWG) services, by the small and medium businesses for IT security.
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