Market Research Reports

Managed Security Services Market (CPE, Cloud/Hosted and Hybrid) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2013 - 2019

77pages
Published Date: 2013-12-02
 

Description


Managed security services are network security services which are outsourced to perform various functions including management of intrusion detection systems and firewalls and round-the-clock monitoring. Due to rising frequency and complexity of attacks, most organizations are increasingly deploying add-on solutions and modules to their existing network security solutions, which in turn increase the complexity of security networks. Hence, organizations are outsourcing their network security to managed security services providers (MSSPs) who have proficiency (in terms of skilled workforce and dedicated tools and systems) in managing complicated security networks. MSSPs offer various types of security services such as network boundary protection, intrusion detection and prevention for networks and hosts, event log management and alerting, anti-virus and web content filtering services, patch management and security software management, data leak prevention, secure messaging, and information security consulting services, among others.

The report includes segmentation of managed security services by industry vertical, applications, mode of delivery and geography. Further, it provides current and forecast market size by revenue for the aforementioned categories. Cross sectional analysis for industry vertical, application, mode of delivery and geography segments is also a part of the scope. Factors influencing and inhibiting growth of the market have been analyzed. 


The market overview section of the report demonstrates the market dynamics such as drivers, restraints and opportunities that influence the current status and future status of the market. Impact factors such as Porter’s five forces analysis have also been explained in the market overview section of the report, in order to give a thorough analysis of overall competitive scenario in global managed security services market.

The report includes segmentation of managed security services by industry vertical, applications, mode of delivery, and geography. Different industry using managed security services includes government utilities, banking, financial services and insurance, manufacturing, telecom and IT retail, healthcare and others (education, research and development, and hospitality). The market revenue and forecast for each industry has been provided for the period 2011-2019 in terms of USD million, along with the CAGR for the forecast period 2013 to 2019.

Managed security has widespread applications across different industry verticals. Some of the applications of managed security services include network security, access control, business continuity, compliance, confidentiality, risk assessment among others. A detailed market analysis and forecast for these types of applications has been provided in the study, in terms of market revenue in USD million for the period 2011 to 2019. The market revenue has been forecast for the period 2013 to 2019, considering 2012 as the base year.

Different mode of delivery used in managed security services includes customer premises equipment (CPE) based, hosted or clod based and hybrid. In terms of geographical distribution, the global managed security services market has been classified into four regions namely, North America, Europe, Asia-Pacific and Rest of the World (RoW).  This section includes market revenue (2011-2019) and forecast (2013-2019) for end-use industry and size of enterprise in each regional market, in terms of USD million. The study further offers recommendations and highlights of the market, which would be useful for the present and new market players to sustain and grow in the global managed security services.

The report concludes with the company profile sections which include key information about the major players in the market. Some of the key players profiled in this report include International Business Machines Corporation (IBM), AT&T Inc., Trustwave Holdings, Inc., Dell SecureWorks, Inc., Fujitsu Ltd., Symantec Corporation, Hewlett-Packard Company (HP), and EMC Corporation, among others. This study includes the strategies adopted by these key players to sustain competition. Recent developments by the companies and barriers of the market will help emerging players design their strategies in an effective manner. The study is expected to help key players of the managed security services in formulating and developing their strategies.

The global managed security services market is categorized into the following segments:

Managed security services, by Industry Verticals
  • Banking and financial services and insurance
  • Government and utilities
  • Manufacturing
  • Telecom and IT
  • Retail
  • Healthcare
  • Others (Education, Research and development, and Hospitality)
Managed security services, by Application
  • Network security
  • Access control
  • Business continuity
  • Compliance
  • Confidentiality
  • Risk Assessment
Managed security services, by Mode of Delivery
  • Customer premises equipment (CPE) based 
  • Hosted or cloud based
  • Hybrid
Managed security services, by Geography
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World

Table of Contents



Chapter 1 Preface
1.1 Report description and scope
1.1.1 Market segmentation
1.2 Research methodology

Chapter 2 Executive Summary
2.1 Global managed security services market snapshot, 2012 & 2019
2.2 Global managed security services market, 2011 – 2019 (USD million)

Chapter 3 Global Managed Security Services Market Overview
3.1 Introduction
      3.1.1 Drivers
              3.1.1.1 Rise in digital information generation and need to secure it
              3.1.1.2 Growing trend of BYOD
              3.1.1.3 Stringent governance (data protection laws) and compliance standards
              3.1.1.4 Outsourcing as an cost effective approach
              3.1.1.5 Increasing demand for IT management from SMBs
              3.1.1.6 Rise in demand for incident response plans
      3.1.2 Restraints
              3.1.2.1 Reluctance to share confidential information
              3.1.2.2 Multiple customers, divisions and business needs at varying levels
      3.1.3 Opportunities
              3.1.3.1 SIEM (Security Information and Event Management)
              3.1.3.2 Preference for MSSPs with scalable Big Data analytics
              3.1.3.3 Back door security services for MSSPs
3.2 Value chain analysis
3.3 Porter’s five forces analysis
      3.3.1 Bargaining power of suppliers
      3.3.2 Bargaining power of buyers
      3.3.3 Threat from substitutes
      3.3.4 Threat of new entrants
      3.3.5 Degree of competition
3.4 Market attractiveness analysis
3.5 Competitive analysis
      3.5.1 Market share of key players, 2012 (%)

Chapter 4 Global Managed Security Services Market, by Applications
4.1 Global managed security service market overview, by applications, 2012 & 2019 (%)
4.2 Network security managed security services market, 2011 – 2019 (USD million)
4.3 Access control managed security services market, 2011 – 2019 (USD million)
4.4 Business continuity managed security services market, 2011 – 2019 (USD million)
4.5 Compliance managed security services market, 2011 – 2019 (USD million)
4.6 Confidentiality managed security services market, 2011 – 2019 (USD million)
4.7 Risk assessment managed security services market, 2011 – 2019 (USD million)

Chapter 5 Global Managed Security Services Market, by Delivery Models
5.1 Global managed security service market overview, by delivery models, 2012 & 2019 (%)
5.2 Consumer premise equipment based managed security services market, 2011 – 2019 (USD million)
5.3 Cloud or hosted based managed security services market, 2011 – 2019 (USD million)
5.4 Hybrid managed security services market, 2011 – 2019 (USD million)

Chapter 6 Global Managed Security Service Market, by Industry Verticals
6.1 Global managed security service market overview, by industry verticals, 2012 & 2019 (%)
6.2 BFSI managed security services market, 2011 – 2019 (USD million)
6.3 Government and utilities managed security services market, 2011 – 2019 (USD million)
6.4 Manufacturing managed security services market, 2011 – 2019 (USD million)
6.5 Telecom and IT managed security services market, 2011 – 2019 (USD million)
6.6 Healthcare managed security services market, 2011 – 2019 (USD million)
6.7 Retail managed security services market, 2011 – 2019 (USD million)
6.8 Others managed security services market, 2011 – 2019 (USD million)

Chapter 7 Global Managed Security Service Market, by Geography
7.1 Global managed security service market overview, by geography, 2012 & 2019 (%)
7.2 North America managed security services market, 2011 – 2019 (USD million)
7.3 Europe managed security services market, 2011 – 2019 (USD million)
7.4 Asia Pacific managed security services market, 2011 – 2019 (USD million)
7.5 Rest of the World managed security services market, 2011 – 2019 (USD million)

Chapter 8 Company profiles
8.1 AT&T Inc.
      8.1.1 Company overview
      8.1.2 Financial overview
      8.1.3 Business strategy
      8.1.4 Recent developments
8.2 Dell SecureWorks Inc.
      8.2.1 Company overview
      8.2.2 Financial overview
      8.2.3 Business strategy
      8.2.4 Recent developments
8.3 Fujitsu Ltd.
      8.3.1 Company overview
      8.3.2 Financial overview
      8.3.3 Business strategy
      8.3.4 Recent developments
8.4 International Business Machines (IBM) Corporation
      8.4.1 Company overview
      8.4.2 Financial overview
      8.4.3 Business strategy
      8.4.4 Recent developments
8.5 Symantec Corporation
      8.5.1 Company overview
      8.5.2 Financial overview
      8.5.3 Business strategy
      8.5.4 Recent developments
8.6 Trustwave Holdings Inc.
      8.6.1 Company overview
      8.6.2 Financial overview
      8.6.3 Business strategy
      8.6.4 Recent developments
8.7 Hewlett-Packard Company
      8.7.1 Company overview
      8.7.2 Financial overview
      8.7.3 Business strategy
      8.7.4 Recent developments
8.8 EMC Corporation
      8.8.1 Company overview
      8.8.2 Financial overview
      8.8.3 Business strategy
      8.8.4 Recent developments

List of Figures 

FIG. 1 Global managed security services market, 2011 – 2019 (USD million) and Y-o-Y growth (%)
FIG. 2 Value chain analysis
FIG. 3 Porter’s five forces analysis
FIG. 4 Market attractiveness analysis, by industry verticals, 2012
FIG. 5 Market share of key players, 2012 (%)
FIG. 6 Global managed security service market overview, by applications, 2012 & 2019 (%)
FIG. 7 Network security managed security services market, 2011 – 2019 (USD million)
FIG. 8 Access control managed security services market, 2011 – 2019 (USD million)
FIG. 9 Business continuity managed security services market, 2011 – 2019 (USD million)
FIG. 10 Compliance managed security services market, 2011 – 2019 (USD million)
FIG. 11 Confidentiality managed security services market, 2011 – 2019 (USD million)
FIG. 12 Risk assessment managed security services market, 2011 – 2019 (USD million)
FIG. 13 Global managed security service market overview, by delivery models, 2012 & 2019 (%)
FIG. 14 Consumer premise equipment based managed security services market, 2011 – 2019 (USD million)
FIG. 15 Cloud or hosted based managed security services market, 2011 – 2019 (USD million)
FIG. 16 Hybrid managed security services market, 2011 – 2019 (USD million)
FIG. 17 Global managed security services market overview, by industry verticals, 2012 & 2019 (%)
FIG. 18 BFSI managed security services market, 2011 – 2019 (USD million)
FIG. 19 Government and utilities managed security services market, 2011 – 2019 (USD million)
FIG. 20 Manufacturing managed security services market, 2011 – 2019 (USD million)
FIG. 21 Telecom and IT managed security services market, 2011 – 2019 (USD million)
FIG. 22 Healthcare managed security services market, 2011 – 2019 (USD million)
FIG. 23 Retail managed security services market, 2011 – 2019 (USD million)
FIG. 24 Others managed security services market, 2011 – 2019 (USD million)
FIG. 25 Global managed security services market overview, by geography, 2012 & 2019 (%)
FIG. 26 North America managed security services market, 2011 – 2019 (USD million)
FIG. 27 Europe managed security services market, 2011 – 2019 (USD million)
FIG. 28 Asia Pacific managed security services market, 2011 – 2019 (USD million)
FIG. 29 Rest of the World managed security services market, 2011 – 2019 (USD million)
FIG. 30 AT&T Inc. annual revenues, 2010 – 2012 (USD billion)
FIG. 31 Dell SecureWorks, Inc. annual revenues, 2010 – 2012 (USD billion)
FIG. 32 Fujitsu Ltd. annual revenues, 2010 – 2012 (USD billion)
FIG. 33 IBM annual revenues, 2010 – 2012 (USD billion)
FIG. 34 Symantec Corporation annual revenues, 2010 – 2012 (USD billion)
FIG. 35 Hewlett-Packard Company annual revenues, 2010 – 2012 (USD billion)
FIG. 36 EMC Corporation annual revenues, 2010 – 2012 (USD billion)

List of Tables

TABLE 1 Managed security services market segmentation
TABLE 2 Managed security services market snapshot, 2012 & 2019
TABLE 3 Impact analysis of drivers
TABLE 4 Impact analysis of restraints

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Free Market Analysis


The global managed security services market, valued at USD 9.24 billion in 2012, is expected to see strong growth at 15.4% CAGR during 2013 to 2019 period. In order to monitor and provide better protection owing to the rising frequency and complexity of cyber attacks and security breaches, organizations are progressively deploying managed security services. The quality of protection can be further improved by outsourcing security operations to managed security service providers that have skilled workforce and core expertise in this field. Rise in digital information generation and need to secure it, increasing trend of bring your own devices (BYOD) are some of the major factors to drive the growth of managed security services market.

Managed security services offer various applications to the enterprises such as network security, access control, compliance, confidentiality, and risk and vulnerability assessment among others.

Companies under different industry verticals such as banking and financial services, government, telecom and IT use managed security services in order to offload some of the security threats risks and associated costs. The global managed security services market in 2012 was dominated by the BFSI segment, which accounted for 25.2% revenue share. Companies under BFSI sector are progressively engaging managed security service providers to meet their security requirements. This is due to rise in numbers and complexity of threats, compliance and cost pressures, and lack of internal expertise, in which case outsourcing proves to be a economical and viable option. In 2012, cloud based managed security services held largest market share and are expected to continue to dominate the market over other delivery models, namely consumer premises equipment (CPE) based services and hybrid services, during the forecast period. 
 
Geographically, North America is expected to remain the largest market for managed security services followed by Europe. However, Asia Pacific is expected to see fastest growth as the region is expected to adopt these services, especially under BFSI, Healthcare, and government sector, on a major scale during the forecast period. However, challenges such as automation, scalability, and professional and technical expertise of MSSPs (managed security services providers), reluctance to share confidential information by customers, are hindering market growth worldwide. 

Large number of IT companies and telecom/internet service providers started to venture in managed security services market as part of their services and product portfolio expansion. Some of the key participants in this market include AT&T Inc., Bell Canada Inc., Fujitsu Ltd., IBM Corporation, Trustwave Holdings, Inc., Symantec, Dell SecureWorks Inc., Verizon Communication Inc., Tata Communications Ltd., Hewlett-Packard Co., Wipro Technology Services Ltd., Intergalis AG, Wipro Technology Services Ltd., and CenturyLink, Inc., among others. Among these, players such as HP, IBM, Dell SecureWorks, and EMC, are considered to have dominant position in the market.

global-managed-security-services-market-2011-2019
 

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