The global MSS market is expected to grow from an estimated value of USD 27.7 billion in 2022 to 49.6 billion USD by 2027, at a Compound Annual Growth Rate (CAGR) of 12.3% from 2022 to 2027
NEW YORK, Nov. 28, 2022 /PRNewswire/ --
The global MSS market is expected to grow from an estimated value of USD 27.7 billion in 2022 to 49.6 billion USD by 2027, at a Compound Annual Growth Rate (CAGR) of 12.3% from 2022 to 2027.
Organizations with more than 1,000 employees are categorized as large enterprises.Large enterprises were the early adopters of MSS as they have a huge workforce and associated networking devices, which are susceptible to cyber risks.
Such organizations have offices across regions, which prompts them to provide their services through real-time access to data to their employees.As large enterprises do not have budget constraints, it enables them to adopt MSS.
A significant shift from on-premises-based services to cloud-based services is expected due to the scalability of benefits.Organizations are adopting MSS increasingly to enhance the productivity of their businesses across regions.
Hence, large enterprises are expected to adopt MSS that comply with various standards and regulations.
Breakdown of Primaries
In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the MSS market.
â€¢ By company type: Tier 1: 35%, Tier 2: 45%, and Tier 3: 20%
â€¢ By designation: C-level: 40% and Managerial and other levels: 60%
â€¢ By region: North America: 20%, Asia Pacific: 45%, and Europe: 35%
Major vendors in the global MSS market include IBM (US), AT&T (US), NTT (Japan), Accenture (Ireland), DXC Technology (US), SecureWorks (US), Trustwave (US), Atos (France), Orange Cyberdefense (France), Fujitsu (Japan), Kudelski Security (Switzerland), Proficio (US), CrowdStrike (US), F5 (US), HelpSystems (US), Capgemini (France), Infosys (India), Lumen Technologies (US), Kroll (US), Cipher Security (US), RSI Security (US), SecurityHQ (UAE), TrustNet (US), LightEdge (US), VirtualArmour (US), Lynx Technology (US), Nettitude (US), Nokia Networks (Europe), Teceze (US), Cyflare (US), Ascend Technologies (US), Avertium (US), and DigitalXRAID (US).
The study includes an in-depth competitive analysis of the key players in the MSS market, with their company profiles, recent developments, and key market strategies.
The report segments the MSS market and forecasts its size by service type, type, security type, organization size, vertical, and region.
Key Benefits of Buying the Report
The report will help market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall MSS market and its subsegments.It will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies.
It also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
Read the full report: https://www.reportlinker.com/p04700207/?utm_source=PRN
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