Managed Security Services Market – The Industry Set to Grow Positively

Описание: Managed Security Services Market (Industry) is expected to reach $29.9 Billion. Visit @
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Managed Security Services Market (MSS) refers to the remote monitoring and management of IT security functions by third-party service providers in order to effectively protect the sensitive data of the organizations. The task of information security is becoming more complex with the growth of the business in terms of size and structure, and utilization of mobile devices, social media, cloud services and big data. Rising number of security attacks and malicious practices by organized cyber criminals have been creating concerns among of all sectors of businesses. In such scenario, the outsourcing of security task to managed security service providers has emerged as a lucrative option for the organizations.

Executives consider incidents of data thefts and cybercrimes as the greatest threats to their organization's reputation. Lack of capital and skilled IT resources needed to manage the data security are the major hindrances in protecting the information. Managed security services market have emerged as lucrative option for delivering security asset monitoring and management, threat intelligence research, detection and remediation, and risk and compliance management solutions on shared basis to multiple clients. The cost-effectiveness and effective data security have been gaining traction for the market.

Key findings of the study:

The global market for managed security services would grow due to growing complex cyber threats and cloud computing during the forecast period (2014-2020)
Endpoint security application market would grow at the fastest CAGR of 24.5% during 2014-2020.
Banking, Financial Services and Insurance (BFSI) sector would continue to maintain its leading position through 2020
Cloud-based market deployment model would overtake on-premise deployment model by 2016
Asia-Pacific region would emerge as one of the most lucrative markets, in terms of growth