Global Managed Security Services Market Insights by 2025 with Covid-19 Analysis
The main managed security services market factors are anticipated to be rising instances of security breaches and an increasing number of attacks that pose a danger to large and small organizational structures. Potential use cases across verticals have been enhanced by the need to take appropriate measures in advance to protect the overall security posture and technical developments in cloud and IoT.
Small and medium-sized enterprises (SMEs) and large enterprises in the Asia Pacific (APAC) area have come to depend on MSS as a result of technological developments such as cloud, 5G, and IoT. Government regulations, cybersecurity incidents, and the adoption of cloud technologies are also driving MSS adoption in the area.
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The growth of the managed security services industry is expected to be driven by an increase in the number of security breaches and threats that pose a threat to both large and small organisational structures. With the globalisation of business in terms of both size and structure, the task of information security is becoming more complex.
During the forecast period, the managed security market size is expected to grow due to increased adoption by the BFSI industry. Both banks and financial institutions are required by regulatory requirements to maintain strict data protection in order to protect sensitive citizens’ data. Furthermore, these businesses are looking for a reliable data security system to protect their brand image.
Increased cybercrime activity and cost-effectiveness are two factors that are expected to boost the market size for controlled security services. Governments around the world, on the other hand, are developing a slew of new information security legislation that could stifle the demand for controlled security services. In addition, the increasing use of mobile devices in the workplace would generate lucrative opportunities for the industry.
Some of the Global Managed Security Services Market Key Players are IBM (U.S.A), AT&T. (U.S.A), NTT Security (Japan), SecureWorks (U.S.A), DXC Technology (U.S.A), BT (U.K.), Atos (France), Infosys (India), Verizon (U.S.A), Cognizant (U.S.A), Cipher Security (Spain), Wipro (India), and more…
Source: VynZ Research
