Report Published: "Managed Security Services Market - Global Forecast (2014 - 2019)"

From: Fast Market Research, Inc.
Published: Tue Nov 18 2014

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)

Managed Security Services market in this report is defined as the remote monitoring or management of IT security functions. The services are delivered either in house or on customer premise equipment (CPE) or its outsourced to service providers known as managed security service providers (MSSPs). The outsourced or shared security services are delivered via remote operation centers. The MSS market is segmented into service types, company size, deployment types, verticals and regions.
The MSS market is rapidly growing with a major contribution from on cloud services and SMB deployments. These services provide level playing fields across various verticals in BFSI, government and utilities, IT and telecom, retail, industrial production, healthcare and other verticals.

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The MSS market is split into four segments on the basis of company size, namely small and medium businesses, s and enterprises. Enterprises will comprise the highest market share. However, the revenue from small businesses is expected to witness the highest growth rate as a result of the low cost cloud based deployments and advancements in technology to cater to the needs of smaller organizations.

The Y-o-Y growth rates of hosted deployments are expected to be the highest throughout the forecast period. The major reason being the cost of implementing on-premise/ customer premise equipment (CPE) security services is quite high. Thus most organizations prefer to have a cloud deployment to cut down on complexities and at the same time utilize the benefits of hosted deployments to the fullest.

MarketsandMarkets expects that BFSI, IT & telecom, government and utilities vertical will account for the largest market share throughout the forecast period. However, there are few revenue pockets, namely industrial production, retail, healthcare and other verticals will witness significant growth in this period.

There are various assumptions that we have taken into consideration for market sizing and forecasting exercise. Few of global assumptions include political, economic, social, technological and economic factors. For instance, exchange rates, one of the economic factors, are expected to have a moderate rating of impact on this market.

The report will help the market leaders/new entrants in this market in the following ways -

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