TechNavio recognizes the following companies as the key players in the Global Managed Security Services Market: Dell Inc., Symantec Corp., IBM Corp., and AT&T Inc.
Commenting on the report, an analyst from TechNavio’s team said: “Given the several advantages of adopting cloud services, such as lower cost and ease of installation and operations, SMEs prefer cloud services over other security service offerings. Further, even large enterprises that are already using CPE-based managed security services are switching to the cloud model. Thus, seeing the increasing demand and popularity of cloud-based offerings, many vendors in the Global Managed Security Services market are offering cloud-based services. For example, specialized cloud service providers such as MessageLabs (part of Symantec), Postini (acquired by Google), and Zscaler provide in-the-cloud security.”
According to the report, one of the major drivers is the need to improve the quality of protection. Due to the rising frequency of attacks, organizations are implementing managed security services which help in monitoring and providing better protection. The quality of protection can also be enhanced by outsourcing security responsibilities to MSSPs that have core expertise in this field. Hence, more end-users are adopting managed security services, a trend which is supporting the growth of the Global Managed Security Services market.
Further, the report states that one of the major challenges faced by the market is the high cost of implementation. Despite the potential benefits, certain organizations refrain from investing in managed security services owing to the high costs associated with it. Also, there are certain hidden costs involved in the maintenance of managed security service. This will make end-users hesitant to adopt it and thus will affect the growth of the Global Managed Security Services market.
The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are Verizon, Solutionary, HP Corp., CSC, Bell Canada Inc., BT Global Services Ltd., and Trustwave.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/content/global-managed-security-services-market…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/it-hardware-software-services
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TechNavio Announces the Publication of its Research Report -Global Managed Security Services Market 2012-2016
