Managed Security Services (MSS) is termed as a systematic method to manage an administrations security needs. The services may be held outsourced or in house to a service provider that supervises other companies' information and network system security. Its functions comprise of responding to emergencies, round-the-clock monitoring and management of intrusion detection systems and firewalls, performing security assessments and security audits, and overseeing patch management and upgrades. The managed security services market is estimated to grow at a significant CAGR over the forecast period as the scope and its applications are rising enormously across the globe.
Growing occurrence of cyber-attacks on IT infrastructure, strict government policy, and rising BYOD trends among organizations are documented as major factors of Managed Security Services Market that are estimated to enhance the growth in the years to come. However, growth in several strict information security regulations by government may restrain overall market in the coming years. Managed Security Services industry is segmented based on type, size, mode, vertical, and region.
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Managed Cloud Security, Managed Network Security, Managed Application Security, Managed Application Security, and other types could be explored in Managed Security Services in the forecast period. Others sector includes managed web security and managed database security. Managed network security sector accounted for the significant market share of Managed Security Services and is estimated to lead the overall market in the coming years. Large enterprises and SMEs are the organization sizes that could be explored in Managed Security Services in the forecast period. Cloud and on-premises are the deployment mode that could be explored in Managed Security Services in the forecast period.
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