Pune, India -- (SBWIRE) -- 08/17/2018 -- Advanced Security to Promote Growth in the Managed Cyber Security Services Market Over 2018 To 2024

Increasing demand for advanced security services in the sectors such as information technology, telecommunication, and BFSI are the major factors driving the growth of the managed cyber security services market. Government in various countries are introducing stringent regulations to secure company's sensitive information is resulting in the increasing number of companies electing for managed security services. Additionally, increasing demand for exposure and threat managements is projected to boost the demand for managed cyber security services market. Moreover, unwillingness to share sensitive data and varying customer demand regarding security package are anticipated to hinder the growth of the managed cyber security market during the forecast period.

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Furthermore, adoption of managed cyber security is estimated to remain high among hotel chains, distributed organizations, restaurant groups, and franchises. This in turn is anticipated to create several growth opportunities for the key players in the managed cyber security services market. On the other hand, surge in demand for scanning and testing to detect malware is anticipated to contribute its growth towards the global managed cyber security services market significantly.

North America region to contribute to growth in the global managed cyber security services market over the upcoming years

North America is anticipated to dominate the global managed cyber security services market while Asia Pacific excluding japan is projected to emerge as the most lucrative region. Mr. Omkar Harane a research analyst at Infinium Global Research quoted that the rising awareness about the need for cyber security services as well as increasing incidences of cyber-crimes is set to grow in the Asia Pacific regions. Pooja Baragale further quoted that Countries like china and japan are focused on developing IT infrastructure for increasing deployment of private and public cloud. Furthermore, stringent regulations are pertaining to information security hence, the number of service providers are growing in the North American regions. Moreover, regions such as Asia Pacific excluding Japan and Europe are also expected to present growth opportunities for service providers during the assessment period.

Key development to drive the growth in the Managed cyber security services market

Leading market participants profiled in Managed cyber security services market  include Tata Consultancy Services, Secure works, Symantec, CNS Group, Proficio, IBM Corporation, Optiv, Accenture, Honeywell and Assyria. Moreover, Owing to the lack of knowledge on the managed security services, most of the vendors in the developing regions rely on their partners to provide the service.

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IBM to Acquire Agile three Solutions

In Jan 17- IBM Planned to Acquire Agile 3 Solutions to help executives manage their critical data. IBM and Agile 3 have been strategic business partners for several years and, in that time, have helped organizations around the world bring the C-suite into the security decision-making process and take action to protect their business-critical data.

Atos acquires Air-Lynx; an innovative start-up specialized in private LTE networks

In April 18-Atos acquired Air-Lynx, a French manufacturer of next-generation professional radio networks based on 4G LTE market standards. This acquisition will allow Atos to complement its existing portfolio of professional mobile radio and LTE tactical solutions and play a leading role in the expanding market for professional mobile radio evolution to the LTE and 5G standard.

Report Highlights:

The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the global managed cyber security services market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of managed cyber security services market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the managed cyber security services market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. This report will help manufacturers, suppliers and distributors of the managed cyber security services market to understand the present and future trends in this market and formulate their strategies accordingly.