Managed Security Services Market Is Anticipated To Expand At A Healthy CAGR Of 18.0% During The Forecast Period 2017 - 2026

 The ever-growing list of cyber threats is resulting in the companies in various sectors to opt for managed security services. The two most important factors driving the global managed security services market are cost and complexity. The complexity of threats continues to grow and the shortage of security skill and absence of experienced security professionals are resulting in the outsourcing to the managed security services providers. Evolution of advanced technologies including Internet of Things (IoT), augmented reality and virtual reality is resulting in new threats, thereby, fueling the growth of the global market for managed security services.

Managed security service providers are also working on introducing solutions for new threats such as IoT-based DDoS and ransomware. Managed security service providers are also focusing on balancing device management, incident response, risk, and compliance functions. Customized service is also one of the growing trends in the global managed security services market. Companies are providing services customized to the regional requirements including language support, and data sovereignty.

To remain ‘ahead’ of your competitors, request for a sample here@ https://www.persistencemarketresearch.com/samples/12100

The market is highly fragmented due to the presence of small players. Hence, large vendors are entering the niche markets by acquiring small vendors in the global market for managed security services. Managed security service providers are also adopting network behavioral analysis and predictive analysis to detect unknown threats and events likely to take place in the future in systems and network.

As per the report by Persistence Market Research (PMR), the global managed security services market is expected to see a robust growth between 2017 and 2026. The global market for managed security services is also estimated to reach more than US$ 100,800 Million revenue by 2026 end.

For critical insights on the keyword market, request for methodology here @ https://www.persistencemarketresearch.com/methodology/12100

Managed Security Services to Find Large Application in BFSI Sector

Based on the application, managed security services are likely to find the largest application in the BFSI sector. By the end of 2026, BFSI is estimated to reach close to US$ 36,300 Million revenue.

By the organization type, compared to the small & medium enterprise, large enterprise is expected to emerge as the largest users of managed security services. By the end of 2026, large enterprise is likely to exceed US$ 65,600 Million revenue.

Based on the service type, IPS/IDS is likely to witness the highest growth in the global managed security services market. By the end of the forecast period, IPS/IDS is projected to surpass US$ 25,500 Million in terms of revenue.

On the basis of deployment type, web-based deployment is expected to gain the highest traction in the market during 2017-2026. Web-based deployment is estimated to exceed US$ 66,000 Million revenue by 2026 end.