Market Overview:
The global security services market is expected to grow from USD XX million in 2018 to USD XX million by 2030, at a CAGR of X.X%. The growth of the market can be attributed to the increasing number of cyber-attacks and data breaches, and the need for organizations to protect their critical information assets. The global security services market is segmented on the basis of type, application, and region. On the basis of type, it is divided into managed security services, security consulting services, SaaS security services, and threat intelligence security services. Managed Security Services (MSS) are offered by service providers who manage all or part of an organization's cybersecurity infrastructure on behalf of their customers. Security Consulting Services include assessment & audit; design & integration; training & education; risk management; forensic investigation; and other consulting activities. SaaS Security Services are delivered as software over the internet instead of being installed on-premises at customer locations.
Product Definition:
Security Services helps in protecting an individual, company or organization from any potential security threats. Security threats can include cyber-attacks, theft of information or physical attacks. Security services can help to protect against these threats by providing security guards, secure systems and training. The importance of security services is that they can help to protect an organization from any potential security threats.
Managed Security Services:
Managed security services are a set of outsourcing services provided to the client by third-party managed security service providers. It is an umbrella term that covers a wide range of protective and risk management solutions offered by various MSPs. The primary objective of providing managed security services is to assist organizations in reducing their overall expenditure on managing IT assets, infrastructure, and other operational costs associated with information protection and risk management processes.
Security Consulting Services:
Security Consulting Services (SCS) is a type of professional service that provides an independent third-party perspective to assist organizations in assessing their security landscape. SCS helps clients identify threats, assess risks, and design and implement strategies to address them. It also helps clients understand the impact of security incidents on business processes and assets as well as recommends appropriate next steps for improving the overall security posture.
Application Insights:
The BFSI application segment accounted for the largest revenue share in 2016 and is expected to continue its dominance over the forecast period. The growing adoption of cloud computing, increasing digitalization, and rapid growth in e-commerce are creating opportunities for security services providers across all sectors. Moreover, a rise in cyberattacks such as data breaches and denial of service (DoS) attacks is driving organizations to adopt managed security services to mitigate risks.
The healthcare sector has been particularly affected by cyberattacks due to an increase in medical data transactions that are stored on computers as well as electronic devices within hospitals or clinics. According to a study published by the National Health Statistics (NHS), there was an average of 56 million unique individuals who visited U.S. doctors' offices/hospitals each year from 2013 through 2015; however, only 17% of these visits were recorded via Electronic Health Records (EHRs).
Regional Analysis:
North America accounted for the largest revenue share in 2017. The region is expected to maintain its lead over the forecast period owing to increasing government regulations and compliance with various regulatory requirements such as PCI, SOX, FISMA, Gramm-Leach-Bliley (GLB), etc., which has led to a rise in demand for security services. Moreover, continuous digital transformation is also driving the regional market growth.
Asia Pacific is anticipated to be one of the fastest growing regions during the forecast period owing to several factors such as rising number of cyberattacks and data breaches; increasing investments by governments in order secure their digital infrastructure; and rapid adoption of cloud technology by small & medium enterprises (SMEs). Furthermore, rapidly developing economies such as India are also contributing significantly towards market growth due high IT spending on account of initiatives taken up by Indian Government like Digital India Programmes & Bharat Billions Programme among others.
Growth Factors:
- Increasing demand for security services from the commercial sector
- Proliferation of digital technologies and the internet of things (IoT) is creating new opportunities for security service providers
- The increasing number of cyber-attacks is driving demand for security services
- Growing awareness about the importance of information and data security is fueling demand for security services
- The increasing adoption of cloud-based solutions is providing a growth opportunity for the security services market
Scope Of The Report
Report Attributes
Report Details
Report Title
Security Services Market Research Report
By Type
Managed Security Services, Security Consulting Services, SaaS Security Services, Threat Intelligence Security Services
By Application
BFSI, Government and Defense, Telecom and IT, Healthcare, Energy and Utilities, Manufacturing, Retail, Othe
By Companies
IBM, Broadcom, Cisco Systems, Dell EMC, Symantec, SecureWorks, Trustwave Holdings, Verizon, AT&T, British Telecom(BT), Accenture, Check Point Software Technologies, Fortinet, Fujitsu, McAfee, Hitachi Systems Security, Palo Alto Networks
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
238
Number of Tables & Figures
167
Customization Available
Yes, the report can be customized as per your need.
Global Security Services Market Report Segments:
The global Security Services market is segmented on the basis of:
Types
Managed Security Services, Security Consulting Services, SaaS Security Services, Threat Intelligence Security Services
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
BFSI, Government and Defense, Telecom and IT, Healthcare, Energy and Utilities, Manufacturing, Retail, Othe
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- IBM
- Broadcom
- Cisco Systems
- Dell EMC
- Symantec
- SecureWorks
- Trustwave Holdings
- Verizon
- AT&T
- British Telecom(BT)
- Accenture
- Check Point Software Technologies
- Fortinet
- Fujitsu
- McAfee
- Hitachi Systems Security
- Palo Alto Networks
Highlights of The Security Services Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Managed Security Services
- Security Consulting Services
- SaaS Security Services
- Threat Intelligence Security Services
- By Application:
- BFSI
- Government and Defense
- Telecom and IT
- Healthcare
- Energy and Utilities
- Manufacturing
- Retail
- Othe
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Security Services Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Security services are a type of service that help protect your computer from unauthorized access, use, or disclosure. Security services can include antivirus software, firewalls, and other security measures.
Some of the major players in the security services market are IBM, Broadcom, Cisco Systems, Dell EMC, Symantec, SecureWorks, Trustwave Holdings, Verizon, AT&T, British Telecom(BT), Accenture, Check Point Software Technologies, Fortinet, Fujitsu, McAfee, Hitachi Systems Security, Palo Alto Networks.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Security Services Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Security Services Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Security Services Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Security Services Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Security Services Market Size & Forecast, 2020-2028
4.5.1 Security Services Market Size and Y-o-Y Growth
4.5.2 Security Services Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Managed Security Services
5.2.2 Security Consulting Services
5.2.3 SaaS Security Services
5.2.4 Threat Intelligence Security Services
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 BFSI
6.2.2 Government and Defense
6.2.3 Telecom and IT
6.2.4 Healthcare
6.2.5 Energy and Utilities
6.2.6 Manufacturing
6.2.7 Retail
6.2.8 Othe
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Security Services Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Security Services Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Managed Security Services
9.6.2 Security Consulting Services
9.6.3 SaaS Security Services
9.6.4 Threat Intelligence Security Services
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 BFSI
9.10.2 Government and Defense
9.10.3 Telecom and IT
9.10.4 Healthcare
9.10.5 Energy and Utilities
9.10.6 Manufacturing
9.10.7 Retail
9.10.8 Othe
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Managed Security Services
10.6.2 Security Consulting Services
10.6.3 SaaS Security Services
10.6.4 Threat Intelligence Security Services
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 BFSI
10.10.2 Government and Defense
10.10.3 Telecom and IT
10.10.4 Healthcare
10.10.5 Energy and Utilities
10.10.6 Manufacturing
10.10.7 Retail
10.10.8 Othe
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Managed Security Services
11.6.2 Security Consulting Services
11.6.3 SaaS Security Services
11.6.4 Threat Intelligence Security Services
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 BFSI
11.10.2 Government and Defense
11.10.3 Telecom and IT
11.10.4 Healthcare
11.10.5 Energy and Utilities
11.10.6 Manufacturing
11.10.7 Retail
11.10.8 Othe
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Managed Security Services
12.6.2 Security Consulting Services
12.6.3 SaaS Security Services
12.6.4 Threat Intelligence Security Services
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 BFSI
12.10.2 Government and Defense
12.10.3 Telecom and IT
12.10.4 Healthcare
12.10.5 Energy and Utilities
12.10.6 Manufacturing
12.10.7 Retail
12.10.8 Othe
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Managed Security Services
13.6.2 Security Consulting Services
13.6.3 SaaS Security Services
13.6.4 Threat Intelligence Security Services
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 BFSI
13.10.2 Government and Defense
13.10.3 Telecom and IT
13.10.4 Healthcare
13.10.5 Energy and Utilities
13.10.6 Manufacturing
13.10.7 Retail
13.10.8 Othe
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Security Services Market: Competitive Dashboard
14.2 Global Security Services Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 IBM
14.3.2 Broadcom
14.3.3 Cisco Systems
14.3.4 Dell EMC
14.3.5 Symantec
14.3.6 SecureWorks
14.3.7 Trustwave Holdings
14.3.8 Verizon
14.3.9 AT&T
14.3.10 British Telecom(BT)
14.3.11 Accenture
14.3.12 Check Point Software Technologies
14.3.13 Fortinet
14.3.14 Fujitsu
14.3.15 McAfee
14.3.16 Hitachi Systems Security
14.3.17 Palo Alto Networks
