Global Security Services Market 2024-2028
The security services market is forecasted to grow by USD 51.96 bn during 2023-2028, accelerating at a CAGR of 5.93% during the forecast period. The report on the security services market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increase in data thefts globally, regulatory requirements encouraging use of security solutions, and increasing it security budget.
Technavio's security services market is segmented as below:
By Component
- SaaS security services
- Managed security security
- Security consulting services
- Threat intelligence security services
By Application
- BFSI
- Healthcare
- IT and telecom
- Others
By Geographical Landscape
- North America
- Europe
- APAC
- South America
- Middle East and Africa
This study identifies the partnerships between cloud service and traditional security solutions providers is one of the prime reasons driving the security services market growth during the next few years. Also, regulatory requirements encouraging use of security solutions and increasing IT security budget will lead to sizable demand in the market.
The report on the security services market covers the following areas:
- Security services market sizing
- Security services market forecast
- Security services market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading security services market vendors that include Accenture Plc, ARCON, Barracuda Networks Inc., BluSapphire Inc., Broadcom Inc., BT Group Plc, Cisco Systems Inc., Dell Technologies Inc., Deloitte Touche Tohmatsu Ltd., Fortinet Inc., Gen Digital Inc., Ilantus Inc., International Business Machines Corp., Kyndryl Inc., McAfee LLC, Open Text Corp., Palo Alto Networks Inc., Proofpoint Inc., SilverSky Inc., and Zscaler Inc.. Also, the security services market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.