Global Managed Security Services Market- Industry Analysis, Size, Share, Trends & Forecast 2013-2019

The global managed security services market witness high degree of competition due to the presence of large number of players present in the market, observes Transparency Market Research. The leading players in the market are investing highly in mergers and acquisitions to expand their geographical reach and strengthen their position in the market. They are also diversifying their product portfolio to provide better offer for their customers. Moreover, as a part of their product portfolio and services expansion, huge number of internet/telecom service providers have started to venture in managed security services To name of the prominent players in the market are Dell SecureWorks Inc., Hewlett-Packard Co., EMC Corp., and IBM Corp. Other players in the market are Verizon Communication Inc., Tata Communications Ltd., Wipro Technology Services Ltd. and Trustwave Holdings Inc.

As per the TMR, the global managed security services market is estimated to attain a valuation of US$24.12 bn by the end of 2019. The market is predicted to rise at a healthy 15.40% CAGR during the forecast period 2013 to 2019.

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The application of managed security services are highly seen in network security services and compliance services, and confidentiality segments. All these segments hold maximum share in the global managed security services market. Based on mode of delivery, the demand for clouds based managed security services has grown significantly due to easy installation and low maintenance cost as compared to other modes of delivery. On the geographical front, North America is expected to lead the market over the forecast period. However, Asia Pacific is also predicted to grow at a rapid pace during the forecast tenure due to increased awareness and benefits related to the managed security services in the region.