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IT Managed Security Services
Market, Supplier, Risk and
Competitive Intelligence

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Abi will answer all IT Managed Security Services related
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Abi - AI powered digital procurement assistant

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Get up-to-date market and supplier info on IT Managed Security Services to help you build

Intelligence covers market and price outlook, SWOT analysis, demand & supply drivers, engagement models and Procurement best practices

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Intelligence on category covers the following aspects market outlook, supply market, SWOT analysis, Cost components & Price outlook, Demand and supply drivers, Engagement Models and Procurement Best Practices

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Assess Supplier Risk based on key risk and compliance parameters

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Supplier assessment covers the following parameters Financial Risk, Ethical, Labor, Environmental Compliance, IT Security.

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Supplier assessment is powered by world’s leading data partners including D&B, CreditSafe, Dow Jones, Refinitiv, Orpheus

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Identify right fit suppliers based on your selection criteria including revenue, capabilities, certification, geography

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Select suppliers based on industry, country, classification from a database of 4.2 mn suppliers. Get detailed supplier profiles with supplier capabilities, revenue, certifications, risk ratings

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Benchmark your category performance against peers and the market

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Measure category performance on 15 key parameters across cost, risk and strategy KPIs

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Get information on key factors affecting your supply

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Source Macro Data and Market Indices information from leading data sources across these key areas - Labor Rates, Currency, Energy, Country Risk, Trade Flow/Transportation, Port Data, Tariff, Weather and Epidemics

meet-abi-1

Abi will answer all IT Managed Security Services related
procurement queries with relevant data points

Abi - AI powered digital procurement assistant

discover-market-info

Get up-to-date market and supplier info on IT Managed Security Services to help you build

Intelligence covers market and price outlook, SWOT analysis, demand & supply drivers, engagement models and Procurement best practices

1

Intelligence on category covers the following aspects market outlook, supply market, SWOT analysis, Cost components & Price outlook, Demand and supply drivers, Engagement Models and Procurement Best Practices

manage-risk

Assess Supplier Risk based on key risk and compliance parameters

1

Supplier assessment covers the following parameters Financial Risk, Ethical, Labor, Environmental Compliance, IT Security.

2

Supplier assessment is powered by world’s leading data partners including D&B, CreditSafe, Dow Jones, Refinitiv, Orpheus

discover-supplier

Identify right fit suppliers based on your selection criteria including revenue, capabilities, certification, geography

1

Select suppliers based on industry, country, classification from a database of 4.2 mn suppliers. Get detailed supplier profiles with supplier capabilities, revenue, certifications, risk ratings

assess-category-perforamnce

Benchmark your category performance against peers and the market

1

Measure category performance on 15 key parameters across cost, risk and strategy KPIs

source-market-indices

Get information on key factors affecting your supply

1

Source Macro Data and Market Indices information from leading data sources across these key areas - Labor Rates, Currency, Energy, Country Risk, Trade Flow/Transportation, Port Data, Tariff, Weather and Epidemics

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Report Coverage

  • Global Capacity–Demand Analysis
  • Global Trade Dynamics
  • Regional Market Snapshot-North America, Europe, Asia
  • Cost Structure Analysis

Market Size

Market Size North America

$12.4 Bn

Market Size Europe

$7.19 Bn

Market Size Asia Pacific

$6.3 Bn

Market Size Middle East - Asia

$0.7 Bn

Table of contents

  1. IT Managed Security Services Executive Summary
  2. Managed Security Service - Overview
  3. Global Managed Security Service - Outlook
  4. Supply Market Outlook
  5. Brexit - Impact on Managed Security Services
  1. IT Managed Security Services Market Analysis
  2. Managed Security Service - Market Maturity
  3. Global Managed Security Service - Drivers and Constraints
  4. Regional Market Outlook
  5. Porter’s Five Forces Analysis
  6. Technology Trends
  7. Essentials for an MSP
  1. IT Managed Security Services End-user Industry Update
  2. Financial Services
  3. Pharmaceutical
  1. IT Managed Security Services Supply Analysis
  2. Supply Market Outlook
  3. Key Service Provider Service Capabilities
  4. Key Global Service Providers’ Profile and SWOT - AT&T, British Telecom, Computer Sciences Corporation and DELL - Hewlett Packard Enterprise, IBM and Verizon
  1. IT Managed Security Services Procurement Best Practices
  2. Sourcing Models Managed Security Services
  3. Sourcing Models - Comparative Analysis
  1. IT Managed Security Services Cost and Pricing Analysis
  2. Pricing Models and Cost Drivers
  3. Cost Analysis - TCO
  1. IT Managed Security Services SLAs and KPIs
  2. Contract Pointers
  3. KPIs and SLAs

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Global Managed Security Services Industry Outlook

  • The global MSSP market was valued at $27.7 billion in 2019. The market is being impacted by Covid and is anticipated to see a stagnation.
    Previously the market was expected to grow at a CAGR of 14-15 percent until 2024. Now the CAGR would reduce to CAGR 11-12 percent during the same period.
  • Cloud-based content security currently accounts for about 55–60 percent of the total cloud-based security service revenue, and it is predominantly driven by the need to support a mobile/remote workforce

Managed Security Services - Market Maturity

  • The North American region is the largest and the most mature managed security services market, which is closely followed by the European market
  • APAC and LATAM are the emerging markets in this market space, and APAC is expected to exhibit rapid growth in the next five years

Global Managed Security Service - Industry Trends

  • Currently, cloud-based content security accounts for about 55–60 percent of the total cloud-based security service revenue. Cloud-based DDoS and SIEM services are also expected to gain traction in the next 18–24 months
  • Most enterprises prefer to keep some of their core security functions in-house, but would prefer outsourcing security functions, such as compliance and application, and parts of network security, such as IDS/IPS, firewalls, UTM/NGFW and web application firewalls to service providers
  • The Big Data SIEM collaboration is expected to detect threats in real time and shorten incident response time. Automation is aimed at increasing consistency in the security processes by minimizing human error, which is one of the key reasons for security outages
  • Regulations governing data security are becoming increasingly stringent and complex. In order to effectively comply with the regulations, enterprises are opting to outsource segments of their security categories

Supply Trends and Insights

Global/Regional Supplier

  • Fragmented supply market: The managed security service market is highly fragmented; however, in recent years, smaller, pure play security service providers have been subject to acquisition by large telecom providers and service providers. Large players are looking to enhance their service offerings by adding depth to their portfolio through these acquisitions
  • Adoption of cloud-based security services: Reduction of operation cost, increase in ease and flexibility of deployment, faster access to product and technology updates and the growing need to support a mobile or remote workforce are some of the key drivers propelling cloud-based security services

Analytics and Automation 

  • Role of analytics in security: Suppliers are offering a solution that makes use of analytics in information security. The integration of Big Data is expected to enable organizations to prioritize and focus on key threat sources by analysing the source data collected from various end points and reduce both risk and associated cost
  • Automation: Suppliers are also rolling out automation to enhance security functions in access management, configuration and change management, system monitoring and asset management

Most adopted egagement model 

  • Most adopted engagement model: Regional sourcing is the most prevalent model, and enterprises typically opt for a partially outsourced model
  • Contract length: 3 – 4 years with a hardware refresh every 18 – 24 months

Market Overview

The managed security services market is characterized by medium power for buyers and suppliers, high barriers to new entry, high intensity of rivalry and low threat of substitutes.

The entry of cloud-based security service providers is expected to further increase competition in the global managed security services market.

Security services are the key for any enterprise and cannot be substituted. However, buyers can opt to maintain their security categories in-house.

The managed security service market is highly fragmented; however, in recent years, smaller, pure play security service providers have been subjected to acquisition by large telecom providers and service providers.

Cloud-based services are typically procured on a monthly subscription basis, whereas on-premise services will have an upfront component and recurring cost.

 

Why You Should Buy This Report

  • It details about the managed security services market size, maturity, industry trends, drivers and constraints, etc.
  • It gives the regional market outlook on North America, Europe, MEA, APAC regions and the global Porter’s five force analysis.
  • It lists out the new technology trends in the managed security services market and gives insight into supplier landscape, capabilities and does SWOT analysis of key players like AT&T, Dell (SecureWorks), etc.
  • The report gives the cost and pricing analysis and lists out the best sourcing models and contracting practices in the global managed security services market

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