Managed Security Services Market Segmentation:
Deployment Mode Segment Analysis
Cloud segment is poised to hold managed security services market share of more than 55% by 2035, due to rising adoption of cloud computing by companies around the world as well as the increased amount of data being stored in the cloud owing to its great advantages. For instance, in the year 2021, more than 65% of global enterprise infrastructure was cloud-based. Also, the numerous advantages of cloud solutions such as efficiency in managing data and effectiveness in storing a big amount of data for storing and protection from cyber threats are propelling enterprises to opt for cloud services for proper data management. Technologically advanced cloud solutions are very much effective in improving the managed security services and reducing the chances of cyberattacks and cyber-crimes in the long run which in turn, is anticipated to bring lucrative growth opportunities in revenue generation of the segment.
End User Segment Analysis
BFSI segment is expected to capture managed security services market share of over 31% by 2035. The BFSI vertical is the major source of highly confidential information for customers about their financial data, user IDs, passwords, and other personal information. As a result, they require advanced solutions for the protection of these resources and critical information. Also, BFSI is mostly attacked by phishing attacks which are aimed at stealing login credentials, and DDoS attacks for sabotaging online payments. As managed security services are imperative for these types of financial institutions for improving the customer experience and protecting their customers against the consequences of a breach in security, the rapid growth of BFSI is anticipated to increase the growth of the segment.
Our in-depth analysis of the global market includes the following segments:
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By Deployment Mode |
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By Solution Type |
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By Security Type |
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By Enterprise Size |
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By End User |
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