Global
Managed Security Services Market is expected to grow from USD 9,249.7
Million In 2012 To USD 24,127.1 Million By 2019 by growing at an
estimated CAGR of 15.4% during 2013 - 2019, the forecast period of
the report.
Some
of the major driving factors of the industry identified by this
report include the rising adoption and increasing penetration of
these services in industries such as government and utilities,
telecom and IT, and the banking, finance and insurance services
(BFSI). These market segments collectively accounted for nearly 59.2%
share of revenues in 2012.
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Rising
demand for applications such as confidentiality services and network
security services are some other major driving factors of this
industry, states the report. In the near future, opportunities that
could have a significant effect on the overall managed security
services market include emergence of cloud-based managed security
services and the rising adoption of such services in the BFSI
section.
The
report focuses on three segments- the products, the applications and
geography of the market.
Product-wise,
the global market of managed security services is segmented as
consumer premise equipment (CPE) based, cloud-based and hybrid
(integration of CPE and cloud based) services. Amongst these, the
segment of cloud-based services delivery models are the leading share
holders of the overall market owing to their ease of installation and
low-cost maintenance. These models also impart the benefits such as
ease of switching the vendor and upgrade of the services as per
requirements.
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Application-wise,
the major segments that drive the market includes access control,
confidentiality, compliance, risk and vulnerability management and
network security. Amongst these, the applications such as
confidentiality, compliance services and network security are the
leading segments. Collectively, these segments held market shares
worth nearly 67.4% in 2012.
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Geography-wise,
the region of North America is the currently the lead revenue
generator due to a recent shift in policies of corporate governance
and security regulations in the retail, financial, healthcare, and
energy sectors. Many businesses in North America are also on the
verge of relocation to appear on the wider global scale, adoption
from these expanding workplaces would further lead to the growth of
the global managed security services market. The region of Asia
pacific also appears to drive sales owing to the emergence of
industries such as pharmaceutical and healthcare, IT and telecom, and
BFSI
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