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USD 27 Bn growth in Managed Security Services Market size | Driven by Increasing Adoption of Cloud-based Services | Technavio
NEW YORK, Oct. 27, 2021 /PRNewswire/ -- The managed security services market size is set to grow by USD 27.01 billion from 2020 to 2025, according to Technavio.
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Factors such as an increase in adoption of cloud-based services and increasing adoption of HPC systems by businesses and enterprises will offer immense growth opportunities. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow-growing segments. The managed security services market is fragmented, and the degree of fragmentation will accelerate during the forecast period.
Managed Security Services Market 2021-2025: Segmentation
- End-user
- Deployment
- Geography
- North America
- Europe
- APAC
- South America
- MEA
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Managed Security Services Market 2021-2025: Vendor Analysis and Scope
Some of the major vendors of the managed security services market in the IT consulting & other services industry include Accenture Plc, ASGN Inc., AT and T Inc., Atos SE, BAE Systems Plc, Cisco Systems Inc., Dell Technologies Inc., Sysnet Global Solutions, and Tata Consultancy Services Ltd. To help businesses improve their market position, Technavio's report provides a detailed analysis of around 25 vendors operating in the market.
The report also covers the following areas:
The growing need to improve security is likely to emerge as one of the primary drivers of the market. However, factors such as chances of failure during implementation may threaten the growth of the market.
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Managed Security Services Market 2021-2025: Key Highlights
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will assist managed security services market growth during the next five years
- Estimation of the managed security services market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the managed security services market
- Analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of managed security services market vendors
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Global Secure Web Gateway Market - Global secure web gateway market is segmented by end-user (BFSI, IT and telecom, government and defense, and others) and geography (North America, Europe, APAC, MEA, and South America).
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Managed Security Services Market Scope
| Report Coverage
| Details
| Page number
| 120
| Base year
| 2020
| Forecast period
| 2021-2025
| Growth momentum & CAGR
| Accelerate at a CAGR of about 14%
| Market growth 2021-2025
| USD 27.01 billion
| Market structure
| Fragmented
| YoY growth (%)
| 12.71
| Regional analysis
| North America, Europe, APAC, South America, and MEA
| Performing market contribution
| North America at 32%
| Key consumer countries
| US, China, Germany, Japan, Canada, and UK
| Competitive landscape
| Leading companies, competitive strategies, consumer engagement scope
| Companies profiled
| Accenture Plc, ASGN Inc., AT and T Inc., Atos SE, BAE Systems Plc, Cisco Systems Inc., Dell Technologies Inc., Sysnet Global Solutions, and Tata Consultancy Services Ltd.
| Market Dynamics
| Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period.
| Customization purview
| If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
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About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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Website: www.technavio.com/
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