A latest report published by Transparency Market Research (TMR) projects that the global managed cyber security services market will remain positive over the next couple of years. Between 2016 and 2026, the market is expected to surge at over 15% CAGR. In recent years, the adoption of managed services has tremendous owing to their cutting-edge features and functionalities that facilitate high quality service delivery to users. This has been a major factor in driving the demand for managed cyber security solutions.
Transparency market research TMR in its latest report on cyber security services Market states that
players with in this market are increasingly concentrating on handling the continuously Rising
complexity in it Network. Players within the market are also directing their efforts on the
development of a security infrastructure which is improved and efficient by working closely with
hybrid Cloud, public Cloud, private clouds, mobile devices, and software applications. Some of the
leading companies or Windows within the cyber security services market are Assuria, Tata
Consultancy Services, Symantec, CNS Group, Secureworks, IBM Corporation, Proficio, Accenture,
Optiv, and Honeywell.
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According to TMR, the global cyber security services Market will witness the high growth During the
period from 2017 to 2026, exhibiting a 15.6% CAGR and reach US$63,524.5 mn by the end of 2026.
On the basis of geography North America has been leading in the manager cyber security services
market and will continue to do so on account of the US being the base for many of the leading
companies operating in this market. Joseph is anticipated to be the second leading regional market
for managed cybersecurity services on account of the rising incidences of cyber-crimes which are
targeting small as well as big companies, growing adoption of cloud-based services, and the
establishment of very stringent data security laws. The need to adhere to regulatory compliances
also boost the demand for managed cyber security services.
Asia Pacific Excluding Japan to Emerge as Most Lucrative Regional Market
Asia-pacific excluding Japan is also anticipated to witness tremendous growth in the next few years
on account of the Rising awareness about the need for cyber security services as well as increasing
incidences of cyber-crimes. The rising employment of private and public cloud in China and India
coupled with rapid development of