Managed Cyber Security Services Market to reach USD 55.0 billion by 2025.
Managed Cyber Security Services Market valued approximately USD 17.234 billion in 2017 is anticipated to grow with a healthy growth rate of more than 15.62% over the forecast period 2018-2025.
The process of safeguarding data and information from the threats on the internet is known as cyber security. Cybersecurity strategies comprise risk management, identity management, and incident management. Managed cyber security services are outsourced to the third party service provider. The service provider offers security for intranets, servers and networks etc. This also makes sure that the information is accessed only by authorized personal.
Requirement of large capital for cyber security, growth in network infrastructure intricacy and shortage of trained IT experts are major drivers which are driving the growth in the Global Managed Cyber Security Services Market. Enterprises are extensively adopting data analytics and cloud based solutions, which has raised the need for managed cyber security services. Additionally, implementation of strict government laws in some of the economies in order to provide security to organizations crucial information is subsequently creating a need to adopt managed security services which is estimated to propel the growth of the market in the near future.
The regional analysis of Managed Cyber Security Services Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. In region such as Asia-Pacific, Middle-East and Africa, rise in usage of passenger vehicles set the growth in Managed Cyber Security Services Market over the forecasted period 2018-2025. Asia-Pacific is estimated to hold a prominent share of the Managed Cyber Security Services market. Developing countries, such as India and China, are significant players boosting the demand for the Managed Cyber Security Services Market. Europe, North America and the Middle East and Africa are continuously witnessing infrastructural growth which fuelling the demand of Managed Cyber Security Services Market over the coming years. Asia Pacific region is contributing towards the growth of global Managed Cyber Security Services Market and anticipated to exhibit higher growth rate / CAGR over the forecast period 2018-2025.
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Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape scenario and product offerings of key players profiled in this report.
The detailed segments and sub-segment of the market are explained below:
- Risk & Compliance Management
- Identity & Access Management
- Managed Security Device Management
- Vulnerability Management
By End User:
- Discrete Manufacturing
- Government Agencies
- Energy & Utility
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- North America
- Asia Pacific
- Latin America
- Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2015, 2016
Base year – 2017
Forecast period – 2018 to 2025
The leading Market players mainly include-
- Tata Consultancy Services
- CNS Group
- IBM Corporation
Target Audience of the Managed Cyber Security Services Market in Market Study:
- Key Consulting Companies & Advisors
- Large, medium-sized, and small enterprises
- Venture capitalists
- Value-Added Resellers (VARs)
- Third-party knowledge providers
- Investment bankers
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