COVID-19 Impact & Recovery Analysis - Managed Security Services Market 2020-2024 | Increase in Adoption of Cloud-based Services to Boost Growth | Technavio
Technavio has been monitoring the managed security services market and it is poised to grow by USD 22.44 billion during 2020-2024, progressing at a CAGR of over 14% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Managed Security Services Market 2020-2024 (Graphic: Business Wire)
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Latest Free Sample Report on COVID-19 Impact
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. AT&T Inc., BAE Systems Plc, Check Point Software Technologies Ltd., Cisco Systems (News - Alert) Inc., Dell Technologies Inc., Fortinet Inc., Fujitsu Ltd., Hewlett Packard Enterprise Co., International Business Machines Corp., and Tata Consultancy Services Ltd. are some of the major market participants. Although the increase in the adoption of cloud-based services will offer immense growth opportunities, chances of failure during implementation will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The increase in the adoption of cloud-based services has been instrumental in driving the growth of the market. However, chances of failure during implementation might hamper market growth.
Managed Security Services Market 2020-2024: Segmentation
Managed Security Services Market is segmented as below:
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Managed Security Services Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our managed security services market report covers the following areas:
This study identifies the increasing adoption of HPC systems by businesses and enterprises as one of the prime reasons driving the managed security services market growth during the next few years.
Managed Security Services Market 2020-2024: Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the managed security services market, including some of the vendors such as AT&T (News - Alert) Inc., BAE Systems Plc, Check Point Software Technologies Ltd., Cisco Systems Inc., Dell Technologies Inc., Fortinet Inc., Fujitsu Ltd., Hewlett Packard Enterprise Co., International Business Machines Corp., and Tata Consultancy (News - Alert) Services Ltd. Backed with competitive intelligence and benchmarking, our research reports on the Managed Security Services Market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
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Managed Security Services Market 2020-2024: Key Highlights
Table Of Contents:
Five Forces Analysis
Market Segmentation by End-user
Market Segmentation by Deployment
Volume Driver - Demand led growth
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