The latest publication titled Managed Security Services Market Size, Share, Trends, Analysis and Forecasts by Region, Organization Size, Vertical, and Segment Forecast 2022-2026 has been added to the report store by GlobalData plc. The report estimated the managed security services market size to reach USD 51.5 billion in 2021. The rising severity and surging number of cyberattacks backed by the cost efficiency of managed security services are some of the prominent factors propelling the managed security services market to garner a CAGR of over 11% during 2022-2026.
The managed security services provide all-in-one solutions when it comes to organizational security. MSSs not only provide protection against network breaches but also offer security against ransomware, password hacks, and virus attacks to organizations of all sizes. Furthermore, MSSs are further likely to gain traction amongst smaller companies over the forecast period with substantial reductions in costs and improved efficiency.
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Managed Security Services Market Segmentation
By Organization Size
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Managed Security Services Market Vendor Landscape
The managed security services industry is moderately fragmented. However, with the growth of start-ups and new venture launches the competition is gradually intensifying. Key players in the managed security services market include AT&T Inc, Atos SE, Capgemini SE, Wipro Ltd, and Tata Communications Ltd among others. Mergers and acquisitions form a major part of the managed security services competitive environment since many of the vendors collaborate to provide advanced and secure MSS solutions to clients in competitive environment.
Top Managed Security Services Market Players
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