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Global Managed Security Services Market Report by PMI Out Now

Global managed security services report by Prophecy Market Insights is out now and it predicts that the market is going to be triple by 2029. Report discusses security services provided to Banking sector, financial institutes, Automotive sector, Insurance and Ecommerce industry government and public sector. The major factor influencing the growth in the market is sharp rise in cyber-attacks.  Continuous security monitoring needs that are driven by increase in use of smartphone and mobile devices is also a key factor influencing the growth in the Global managed security services.

One of the most prominent development in the market is IBM’s acquisition of Red Hat and AT&T’s mobility customer lines to have anti-Robocall service.

Most prominent players in the market are IBM Corp. CSC, Inc. SecureWorks, AT&T, Symantec Corporation, Verizon Communications, HP Enterprises, Fortinet and Solutionary among others.

The report can be read here:


Security Services report is categorized into on-premises, hybrid and cloud-based. The regional categorization in the report indicates that North American market will be dominate over Middle East, Africa, Europe and Canada whereas Asia Pacific will be gaining significant market share by 2029.  By application type the report is divided into SIEM, endpoint security, unified threat management, distribution denial of services and others.

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