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The major countries studied in Europe Managed Security Services Market are U.K, Germany, Italy, France, Spain and Russia. The cost associated with security breaches has grown substantially in recent years, and the budget for managed security services has risen substantially. With the rising incidences of cyber-attacks, the demand for managed security solutions within Europe has risen ever since. The cybersecurity breaches in the banking sector are rapidly increasing, and concerns over theft of personal data, and other critical information related to the customers are growing. Such incidences have raised the concerns regarding the security of customer information which is transmitted electronically. In addition, the regulations pertaining to the data security have raised the need for enhancement in data security levels. Various other regulations have compelled the organizations operating in diverse sectors to enhance levels of data security.
With the increase in the number of incidences of security breaches within the European banking and telecom sector, the MSS providers are eyeing on exploiting the opportunities available in the region and accordingly are offering competitive and advanced security solutions. Based on the application type, the Europe managed security services market is segmented into Managed Intrusion Prevention System (IPS)Intrusion Detection System (IDS), Distributed Denial of Service (DDoS), Unified Threat Management (UTM), Security Information and Event Management (SIEM), endpoint security and other applications. End point security would witness highest CAGR growth during the forecast period (2016-2022).
The verticals covered within the scope of the report covers organizationscompanies ranging from banking, financial services and insurance (BFSI), retail, telecom and IT, healthcare, government manufacturing and other sectors, namely government, aerospace, power and utility. BFSI sector has dominated the managed security services market in terms of revenue contribution in 2015. Based on the deployment type, the Europe managed security services market is further segmented across hosted or cloud based deployment and on-premise equipment type. Further, the market is bifurcated into small & medium sized enterprises and large enterprises based on the organization size. Based on country, Europe Managed Security Services market is segmented into Germany, UK, France, Russia, Spain, Italy and Rest of Europe. Germany remained the dominant region in the Europe Managed Security Services market in 2015. Italy would witness highest CAGR during the forecast period (2016-2022).
The report covers the analysis of key stake holders of the Managed Security Services market. Key companies profiled in the report include IBM Corporation, HP Enterprise Company, Dell (SecureWorks) Inc., Cisco Systems Inc., Symantec Corporation, AT&T Inc., Check Point Software Technologies Ltd Intel Corporation and Computer Science Corporation.