DUBLIN--(BUSINESS WIRE)--The "Managed Security Services Market by Type (Managed IAM, Managed Firewall, Managed DLP, Managed IDS/IPS, Managed Encryption, Managed SIEM, Managed UTM), Security Type, Organization Size, Deployment Mode, Vertical, and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The global managed security services market size is expected to grow from USD 24.05 Billion in 2018 to USD 47.65 Billion by 2023, at a CAGR of 14.7% during the forecast period.
The demand for managed security services is expected to be driven by various factors, such as the increasing instances of cyber-attacks on enterprise IT infrastructure, growing BYOD trends among organizations, and stringent regulations.
The managed encryption services segment is expected to grow at the highest CAGR during the forecast period due to the wide adoption of encryption solutions and services by organizations. The increased adoption and growth of email platforms and the rising cyber threats which threaten the integrity and confidentiality of these platforms are expected to drive the growth of the segment.
However, the managed IAM segment is estimated to hold the largest market size in 2018 in the Managed Security Services market, as there is a greater demand for BYOD security solutions in the enterprise segment.
The managed network security segment is estimated to hold the largest market size in 2018, as increasing complexity of threats and attacks, and the emergence of sophisticated cyber criminals are forcing companies to upgrade their security systems constantly and managed security service providers offer solutions for network protection by restricting the device management accessibility to terminals, authorized services, management ports, and protocols.
Regarding verticals, the BFSI vertical is estimated to have the largest market size in 2018, due to the growing use of web and mobile applications for banking transactions and payments. However, the healthcare segment is expected grow at the highest CAGR during the forecast period.
Key Topics Covered
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Managed Security Services Market, By Type
7 Managed Security Services Market, By Security Type
8 Market By Organization Size
9 Market By Deployment Mode
10 Managed Security Services Market, By Vertical
11 Managed Security Services Market, By Region
12 Competitive Landscape
13 Company Profiles
- Alert Logic
- Bae Systems
- British Telecom (BT)
- Happiest Minds
- Hitachi Systems Security
- NTT Security
- Optiv Security
For more information about this report visit https://www.researchandmarkets.com/research/2mwdqg/global_47_65?w=4