DUBLIN, Oct. 12 2015 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/gzc8ws/global_managed) has announced the addition of the "Global Managed Security Services Market 2015-2019" report to their offering.
The global managed security services market to grow at a CAGR of 11.30% over the period 2014-2019.
The report covers the present scenario and the growth prospects of the global managed security services market for the period 2015-2019.
The report also presents the vendor landscape and a corresponding detailed analysis of the top five vendors in the market. In addition, it discusses the major drivers that influence the growth of the market and outlines the challenges faced by vendors and the market at large, as well as the key trends emerging in the market.
The demand for cloud-based services is increasing due to the advantages offered by cloud-based security to end-users. Further, enterprises may have budget constraints and lack expertise and resources, which makes it difficult for them to manage standalone or integrated network components to address security concerns. Therefore, companies are increasingly opting for cost-effective cloud-based IT security, which is compliant with PCI DSS, and offers round-the-clock monitoring of the system.
According to the report, the BYOD policy enables employees to use their personal devices such as laptops, smartphones, tablets, and desktops for official purposes. It allows employees to work without any time or location constraints, thereby increasing their productivity and reducing the operational costs of companies. SMEs worldwide are increasingly adopting the BYOD policy to reduce their operational costs. Also, apps in mobile devices are playing a major role, providing end-users with unlimited functionalities such as social networking, mapping, and games. However, these apps increase the likelihood of malware that may lead to loss of organizational data. Thus, the need for security solutions to securely manage business data, applications, and services has evolved. Multi-factor authentication is another method of securing organizational data while using mobile devices for corporate usage.
Further, the report states that the major challenges faced by security service providers are related to scalability, automation, and professional expertise.
To calculate the market size, the report considers the revenue generated from the following managed security services:
- Verizon Communications
Other Prominent Vendors
- Bell Canada
- BT Global Services
- CentraComm Communications
- CGI Group
- Check Point Software Technologies
- FishNet Security
- Lockheed Martin
- NTT Communications
- NTT Data
- Tata Communications
For more information visit http://www.researchandmarkets.com/research/gzc8ws/global_managed
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SOURCE Research and Markets