The global SMS market size is expected to grow from $ 22.8 billion in 2021 to $ 43.7 billion by 2026, at a compound annual growth rate (CAGR) of 13.9%.

during the forecast period. The growth of the market is driven by various factors including increasing government regulations and increasing security breaches in enterprises. Managed SIEM Segment to Grow at Higher CAGR During Forecast Period

New York, October 25, 2021 (GLOBE NEWSWIRE) – announces the publication of the report “Managed Security Services Market by Security Type, Service Type, Organization Size, Vertical And Region – Global Forecast to 2026” –
Managed SIEM is an alternative to on-premises deployment, configuration, and monitoring of a SIEM software solution, where an organization signs a contract with a third-party service provider to host a SIEM application on its servers and monitor the network of the organization. organization for potential security. threat. According to Cypher, managed SIEM improves the organization’s overall security posture, manages compliance requirements, and improves Mean Time to Detection (MTTD) and Mean Time to Response (MTTR).

Managed SIEM Services provide real-time analysis of security alerts generated by network hardware and applications.

The healthcare sector will be the fastest growing sector during the forecast period
The healthcare industry is rapidly deploying cutting-edge technologies to provide patients with an enhanced, intuitive and personalized experience. Deploying web and mobile applications to deliver various health services is becoming popular every day.

IoT and BYOD trends have increased the adoption of these healthcare apps among customers. As a result, a large amount of health data is generated which includes patient’s personal information, insurance IDs, social security numbers, medical history, historical financial transaction data, and other confidential information.

With increased digitization, exposure to cyber attacks has also increased and has an impact on the security and privacy of patient data.
MSS helps address this challenge by providing comprehensive information about the security infrastructure through its 24 * 7 * 365 monitoring. This information is used to identify and detect security breaches and vulnerabilities and implement preventive measures that can be taken to remedy this as well as to protect confidential patient information.

The Asia-Pacific region is expected to be the fastest growing market in the coming years
Government agencies in various APAC countries are taking proactive steps to promote cybersecurity awareness and protect organizational data. For example, the National Critical Information Infrastructure Protection Center (NCIIPC) established by the Indian government seeks to facilitate a secure and robust critical information infrastructure.

In developed countries, like Australia, the Australian Cyber ​​Security Center (ACSC) said Australian banks have come under DoS attacks for ransom threats. China’s implementation of 5G initiatives would accelerate the growth of IoT applications in the region, hence the need for MSS.

In the process of determining and verifying the market size for several segments and sub-segments gathered through secondary research, in-depth primary interviews were conducted with key companies.

The distribution of the main participants is as follows:
• By type of business: level 1 at 25%, level 2 at 40% and level 3 at 35%
• By designation: C-level executives – 30%, directors – 35% and others – 35%
• By region: North America – 15%, Europe – 25%, APAC – 30%, Latin America – 20% and MEA – 10%
Major vendors offering MSS include IBM (US), AT&T Inc. (US), NTT (Japan), SecureWorks, Inc. (US), DXC Technology Company (US), BT Group plc ( United Kingdom), Atos SE (France), Infosys Limited (India), Verizon Communications Inc. (United States), Cipher Security (United States), Wipro Limited (India), Accenture (Ireland), Trustwave Holdings, Inc . (United States), The Herjavec Group (Canada), Lumen Technologies (United States), Kudelski Security (Switzerland) and Nuspire (United States) and others. The study includes an in-depth competitive analysis of these key market players, along with their profiles, recent developments and key market strategies.

Research coverage
The market research covers the MSS market size across segments. It aims to estimate the market size and growth potential of this market across segments categorized into security type, service type, organization size, verticals and regions.

The study also includes an in-depth competitive analysis of key market players, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

Main advantages of purchasing the report
The report will help market leaders / new entrants with information on the closest approximations to revenue figures for the entire MSS market and its sub-segments. This report will help stakeholders understand the competitive landscape and gain more insight to better position their business and plan appropriately. marketing strategies.

The report will also help stakeholders understand the pulse of the market and provide them with insights into the major market drivers, restraints, challenges, and opportunities.
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CONTACT: Clare: [email protected] US: (339)-368-6001 Intl: +1 339-368-6001

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