CATEGORY

IT Managed Security Services

IT Managed security services provide an organization with cybersecurity monitoring and management. This is generally outsourced.

Beroe LiVE.Ai™

AI-powered self-service platform for all your sourcing decision needs across 1,600+ categories llike IT Managed Security Services.

Market Data, Sourcing & Supplier Intelligence, and Price & Cost Benchmarking.

Schedule a Demo

Category Alerts


CATEGORY ALERTS

IT Security spending in Asia Pacific forecasted to be over USD 31 billion in 2022

August 18, 2022
alert level: Medium
CATEGORY ALERTS

European Union introduces Cyber Resilience Act for all smart devices

September 20, 2022
alert level: Medium
CATEGORY ALERTS

Crowdstrike agrees to acquire Reposify Ltd.

September 21, 2022
alert level: Medium

Become a Beroe LiVE.Ai™ Subscriber to receive proactive alerts on IT Managed Security Services

IT Managed Security Services Market Monitoring Dashboard


Supply Demand

Understand the correlation between costs, margins, and prices impacting your category on a real time basis on Beroe LiVE.Ai™

IT Managed Security Services Industry Benchmarks


Savings Achieved

(in %)

The average annual savings achieved in IT Managed Security Services category is 5.90%

Payment Terms

(in days)

The industry average payment terms in IT Managed Security Services category for the current quarter is 75.0 days

Compare your category performance against peers and industry benchmarks across 20+ parameters on Beroe LiVE.Ai™

Category Strategy and Flexibility

Engagement Model

Supply Assurance

Sourcing Process

Supplier Type

Pricing Model

Contract Length

SLAs/KPIs

Lead Time

Supplier Diversity

Targeted Savings

Risk Mitigation

Financial Risk

Sanctions

AMEs

Geopolitical Risk

Cost Optimization

Price per Unit Competitiveness

Specification Leanness

Minimum Order Quality

Payment Terms

Inventory Control

Meet Abi

The World’s first Digital Market Analyst

    Schedule a Demo
    Meet Abi

    The World’s first Digital Market Analyst

    Abi, the AI-powered digital assistant brings together data, insights, and intelligence for faster answers to sourcing questions

    IT Managed Security Services Suppliers


    91,129
    Total Suppliers
    5,025
    Diverse Suppliers
    92
    Normalized Supplier Rating
    IT Managed Security Services Supplier

    Find the right-fit it managed security services supplier for your specific business needs and filter by location, industry, category, revenue, certifications, and more on Beroe LiVE.Ai™.

    Sample Supplier
    Company
    ORACLE CORPORATION
    Location
    Jackson, Mississipi
    Duns number
    3862211

    D&B SER Rating

    dnb logo

    Up to 3 months

    1 9
    4
    Low Risk High Risk

    The Supplier Evaluation Risk (SER) Rating is Dun & Bradstreet’s proprietary scoring system used to assess the probability that a business will seek relief from creditors or cease operations within the next 12 months. SER ratings range from 1 to 9, with 9 indicating the highest risk of failure. We’ve prepared an infographic to help business owners better understand what influences their SER Rating.

    Moody`s ESG Solution
    ESG Profile

    Company and Sector Performance
    44

    100
    Limited (1)
    ESG Perfomance (/100)
    Environment
    62
    Social
    37
    Governance
    46
    6 Domains Performance (/100)
    Business behaviour
    46
    Human rights
    47
    Community Environment
    87
    Corporate governance
    46
    Human resources
    27
    Security Scorecard
    55

    Threat indicators
    F
    50
    Network Security
    Detecting insecure network settings
    A
    100
    Hacker Chatter
    Monitoring hacker sites for chatter about your company
    F
    53
    DNS Health
    Detecting DNS insecure configuration and vulnerabilities
    C
    75
    Application Security
    Detecting common website application vulnerbilities
    F
    58
    Endpoint Security
    Detecting unprotected enpoints or entry points of user tools, such as desktops, laptops mobile devices, and virtual desktops
    A
    90
    Cubic Score
    Proprietary algorithms checking for implementation of common security best practices
    F
    48
    Patching Cadence
    Out of date company assets which may contain vulnerabilities of risk
    A
    100
    Social Engineering
    Measuring company awareness to a social engineering or phising attack
    F
    32
    IP Reputation
    Detecting suspecious activity, such as malware or spam, within your company network
    A
    100
    Information Leak
    Potentially confidential company information which may have been inadvertently leaked

    Industry Comparison
    oracle.com
    Industry average
    Adverse Media Appearances
    Environmental Issues
    0
    Workforce Health Safety Issues
    0
    Product Service Issues
    32
    Human Rights Issues
    0
    Production Supply Chain Issues
    1
    Environmental Non Compliance Flags
    33
    Corruption Issues
    3
    Regulatory Non Compliance Flags
    20
    Fraud Issues
    2
    Labor Health Safety Flags
    16
    Regulatory Issues
    15
    Workforce Disputes
    0
    Sanctions
    0
    esg energy transition
    56
    Discrimination Workforce Rights Issues
    16
    esg controversies critical severity
    No

    IT Managed Security Services market report transcript



    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