Rising Security Breaches and Cyber-Attacks to Boost Managed Security Service Provider Market Growth, Key Players โ€“ Fortinet, Inc., AT&T, Inc., Verizon Communications, Inc. - Digital Journal

2022-07-23 09:46:59 By : Ms. Tolohas Nicole

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Global Managed Security Service Provider Market, by Application (Firewall Management, End-point Security, Distributed Denial of Service, Unified Threat Management, and Antivirus or Antimalware, Among Others), by Deployment Type (Cloud-based, Hybrid, On-premises), by Organization Size (Small and Medium Sized Enterprises and Large Enterprises), by End User (BFSI, Government & Defense, Telecom & IT, Education, Retail, Healthcare and Others), and by Region (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa) – Size, Share, Outlook, and Opportunity Analysis, 2018 โ€“ 2026.

Managed security service refers to network security services, which offers intrusion detection, management of IT security functions, remote monitoring, scanning and anti-viral services, etc. The company providing these services is called a Managed Security Service Provider (MSSP). MSSP provides outsourced monitoring and management of security devices and systems. The provider ensures that IT systems are operational, and offers true security-as-a-service (SaaS), ensuring that the people and systems are safe, secure, and compliant. A service provider will leverage multi-tenant solutions to achieve operational efficiencies, but must fully evaluate the multi-tenancy capabilities of security tools used on behalf of their customers to ensure that the tools itself is secure and do not allow data leakage between clients.

Major players operating in the global managed security service provider market are Rapid7, Inc., Trustwave Holdings, Inc., CenturyLink, Inc., Symantec Corporation, SecureWorks, Inc., Solutionary, Inc., Fortinet, Inc., AT&T, Inc., Verizon Communications, Inc., IBM Corporation, Computer Services Corporation, and Hewlett Packard Enterprise Company, among others.

๐—ฅ๐—ฒ๐—พ๐˜‚๐—ฒ๐˜€๐˜ ๐—ฎ ๐˜€๐—ฎ๐—บ๐—ฝ๐—น๐—ฒ ๐˜๐—ผ ๐—ผ๐—ฏ๐˜๐—ฎ๐—ถ๐—ป ๐—ฎ๐˜‚๐˜๐—ต๐—ฒ๐—ป๐˜๐—ถ๐—ฐ ๐—ฎ๐—ป๐—ฎ๐—น๐˜†๐˜€๐—ถ๐˜€ ๐—ฎ๐—ป๐—ฑ ๐—ฐ๐—ผ๐—บ๐—ฝ๐—ฟ๐—ฒ๐—ต๐—ฒ๐—ป๐˜€๐—ถ๐˜ƒ๐—ฒ ๐—บ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜ ๐—ถ๐—ป๐˜€๐—ถ๐—ด๐—ต๐˜๐˜€ ๐—ฎ๐˜ย –ย  https://www.coherentmarketinsights.com/insight/request-sample/1502

Rising security breaches and sophisticated cyber-attacks across enterprises is expected to aid in the growth of the managed security service provider market during the forecast period. For instance, in December 2020, Vi Business launched managed security service that delivers next generation Firewalls with advanced security features offering the first line of defense for any cyber-attack, thus ensuring that enterprise network is protected.

Moreover, rising adoption of cloud technology and IoT devices and surge in BYOD, CYOD, and WFH trends is expected to augment the growth of the managed security service provider market. For instance, in March 2021, IBM Corporation launched a suite of services designed to help organizations manage their cloud security strategy, policies, and controls across hybrid cloud environments, and to help create unified security approach across their cloud ecosystems.

โžค North America: United States,ย Mexico and Canada

โžค South & Central America: Argentina, Chile, Brazil and Others

โžค Middle East & Africa: Saudi Arabia, UAE, Israel, Turkey, Egypt, South Africa & Rest of MEA.

โžค Europe: UK, France, Italy, Germany, Spain, BeNeLux, Russia, NORDIC Nations and Rest of Europe.

โžค Asia-Pacific: India, China, Japan, South Korea, Indonesia, Thailand, Singapore, Australia and Rest of APAC.

๐—š๐—ฒ๐˜ ๐—ฃ๐——๐—™ ๐—•๐—ฟ๐—ผ๐—ฐ๐—ต๐˜‚๐—ฟ๐—ฒ ๐——๐—ถ๐˜€๐—ฐ๐—ผ๐˜ƒ๐—ฒ๐—ฟ ๐—บ๐—ผ๐—ฟ๐—ฒ ๐—ฎ๐—ฏ๐—ผ๐˜‚๐˜ ๐—ฟ๐—ฒ๐—ฝ๐—ผ๐—ฟ๐˜ ๐—ฎ๐—ป๐—ฎ๐—น๐˜†๐˜€๐—ถ๐˜€ ๐˜„๐—ถ๐˜๐—ต ๐—ณ๐—ถ๐—ด๐˜‚๐—ฟ๐—ฒ๐˜€ ๐—ฎ๐—ป๐—ฑ ๐—ฑ๐—ฎ๐˜๐—ฎ ๐˜๐—ฎ๐—ฏ๐—น๐—ฒ๐˜€, ๐—ฎ๐—น๐—ผ๐—ป๐—ด ๐˜„๐—ถ๐˜๐—ต ๐˜๐—ต๐—ฒ ๐— ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜ ๐—ฆ๐—ฒ๐—ด๐—บ๐—ฒ๐—ป๐˜๐—ฎ๐˜๐—ถ๐—ผ๐—ป –ย  https://www.coherentmarketinsights.com/insight/request-pdf/1502

Market players, such as IBM, Cognizant, Accenture, and AT&T, are still offering security services to their existing customers. However, acquisition of new contracts and new customers is one of the factors that is slowing down the growth in the market during the global pandemic (the outbreak of COVID-19). However, some end-use industries and large organizations such as IT firms, healthcare, and banks, are collaborating with managed security service providers for a robust and secure infrastructure due to surge in cyber-attacks. This in turn is expected to boost the growth of the market.

For instance, in June 2020, the UK government planned to invest ยฃ10 million to boost the development of new cybersecurity technology solutions. Nine grant winners will share the fund from the governmentโ€™s Digital Security by Design program, which aims to improve the resilience of UK organizations to cyber-attacks.

โžค What is the estimated growth rate of the market for the forecast period of 2022-2028?

โžค What will the market size be in the anticipated time frame?

โžค What are the primary aspects that will determine the Managed Security Service Provider Market ‘s fate over the forecast period?

โžค What are the major market players’ winning strategies for building a strong presence in the Managed Security Service Provider Market industry?

โžค What are the primary market trends influencing the Managed Security Service Provider Market’s growth in various regions?

โžค What are the biggest dangers and difficulties that are likely to stymie the Managed Security Service Provider Market’s growth?

โžค What are the most critical opportunities for market leaders to succeed and profit?

3. Market Dynamics, Regulations, and Trends Analysis

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