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According to a new report Global Managed Security Services Market, the market is expected to attain a market size of $43.5 billion by 2022, growing at a CAGR of 16.2% during
the forecast period.
Global Managed Security Services Revenue Trend, 2012-2022 ( In USD Billion)
The intrusion detection/Prevention system segment registered market revenue of $5.0 billion in 2015, and was a dominant segment during the timeframe. However, Secured information and event management (SIEM) segment would outpace the above segment by 2020 and would garner market revenue of $10.2 billion in 2022. Maximum growth would be witnessed in endpoint security segment with a CAGR of 24.6% during the forecast period (2016-2022).
Among the deployment type, hosted and cloud based deployment would exhibit the maximum growth of 22.3% during the forecast period (2016-2022). Large enterprises held a dominant position in 2015, with a market share of around 50% of overall managed security market, based on organization size.
Global Managed Security Services Revenue Share by Region - 2015 (in %)
Banking and financial sector has dominated the managed security services market and held a market share of around 34% in 2015. Healthcare sector has emerged as the promising vertical and would witness highest CAGR of 18.2% during the forecast period (2016-2022).
Global Managed Security Services Revenue Share by Region - 2022 (in %)
The North America region contributed the largest revenue share to the market worldwide followed by Europe region. The Asia-Pacific region has tremendous potential and would grow at a fastest CAGR of 21.1% during 2016-2022. In North America, U.S continues its dominance in this market with a market size of $5.8 billion, in 2015. The Mexico market is expected to grow at the fastest growth rate of 16.9% CAGR during the forecast period.
Global Managed Security Services Revenue Share by Application - 2022 (in %)
The report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key influencing factors of the global Managed Security Services market have been discussed in the report along with the elaborated company profiles namely, 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.