Europe Managed Security Service Market Growth, Size, Trends, Demand and Future Outlook
Europe Managed Security Service Market Size- By Type, By Application, By Organization Size, By Deployment Mode- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Dec-2023 | Report ID: IACT23209 | Pages: 1 - 156 | Formats*: |
| Category : Information & Communications Technology | |||
Europe Managed Security Service Market Introduction and Overview
According to SPER Market Research, the Europe Managed Security Service Market is estimated to reach USD XX billion by 2033 with CAGR of XX%.
The report includes an in-depth analysis of the Europe Managed Security Service Market, including market size and trends, product mix, applications, and supplier analysis. Outsourced network security services to a service provider are known as managed security services (MSS) in the computing industry. Among the businesses offering this kind of service is the managed security service provider (MSSP). During the mid-to-late 1990s, MSSPs had their origins as Internet service providers (ISPs).
- October 2022: Nokia declared that it would take the lead in the second phase of the European 6G flagship plan, known as Hexa-X-II. Many contributions to the upcoming 6G standards will be built upon the development of the pre-standardized platform and system view.
- February 2023: Infosys, a prominent supplier of digital services and consultancy for the future generation, and ng-voice GmbH, a company offering cloud-native IP Multimedia Subsystem (IMS) solutions, announced a strategic partnership. By doing this, Infosys will enable telecom operators with digital capabilities to implement cloud-native and containerized network solutions throughout Europe by offering systems integration services for ng-voice.
Market Opportunities and Challenges
In the post-COVID situation, the market for managed security services in Europe is anticipated to expand rapidly. Strong government initiatives to promote data protection and significant expenditures in cyber security solutions are credited with driving the expansion of the European cyber security market, which is further predicted to drive demand for the region's managed security service market. A number of commercial organizations are collaborating with government authorities to improve cyber security as a result of the rising number of data breaches and harmful cyberattacks on vital business infrastructure.
Many MSSPs are limited to provide security log monitoring services, which prevents them from doing more in-depth security incident investigations. To reduce false positives and give customers relevant alerts, MSSPs must interact with client processes like change and access management and have access to security products like Microsoft Cloud App Security and endpoint protection. Because MSSP services are based on specialized security solutions, there are situations when they don't work well with current client tools. These technologies can generate a lot of needless false positives and threat warnings because they do not have visibility into all security logs or environments.
Market Competitive Landscape
Due to the dominance of global businesses with a sizable clientele, the managed services market in Europe is fragmented. Competitive rivalry is getting more intense as a result of businesses using strong competitive strategies to stay in the market and keep their customers. Some of major players are Check Point Software, Sophos Group plc, BAE Systems, Cisco Systems, Inc., Symantec Corporation, CyberArk Software Ltd., F-Secure Corporation, Proofpoint Inc., McAfee LLC, F5networks, Inc., Microsoft Corporation, Fire Eye and various others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Type , By Applications, By Organization Size, By Deployment Mode |
| Regions covered | United Kingdom, France, Italy, Spain, Germany, and the rest of Europe |
| Companies Covered | Check Point Software, Sophos Group plc, BAE Systems, Cisco Systems, Inc., Symantec Corporation, CyberArk Software Ltd., F-Secure Corporation, Proofpoint Inc., McAfee LLC, F5networks, Inc., Microsoft Corporation, Fire Eye and various others. |
COVID-19 Impact on Europe Managed Security Service Market
It is anticipated that the COVID-19 pandemic will have a beneficial effect on managed security services market share growth. This is due to the fact that the use of managed security services is thought to allow businesses to handle security concerns and provide safe information access during remote operations, especially in light of the advent of COVID-19. Due to rising digitization and permanent work-from-home positions, the sector is expanding quickly after the epidemic. Furthermore, the risk of cyberattacks has increased dramatically in many businesses due to the rise in internet traffic, making the use of managed security services necessary. The industry has developed as a result of innovations and developments in managed security services, including firewall management, endpoint security, and a spike in cyberattacks since the pandemic's start.
Key Target Audience
- Enterprise Businesses
- Small and Medium-sized Enterprises (SMEs)
- Government and Public Sector
- Financial Institutions
- Healthcare Organizations
- IT Service Providers
- Manufacturing and Industrial Companies
- Retail and E-commerce Businesses
- Legal and Professional Services
- Educational Institutions
- Managed Security Service Providers (MSSPs)
Our in-depth analysis of the Europe Managed Security Service Market includes the following segments:
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Key Topics Covered in the Report
- Europe Managed Security Service Market Size (FY’2023-FY’2033)
- Overview of Europe Managed Security Service Market
- Segmentation of Europe Managed Security Service Market By Product Type (Compliance Management, DDoS, Managed SIEM, Managed Endpoint Threat Detection, Managed Two Factor Authentication, Unified Threat Management, Vulnerability Management, Others)
- Segmentation of Europe Managed Security Service Market By Application (BFSI, Manufacturing, Government/Defence, Retail, Telecom & IT, Others)
- Segmentation of Europe Managed Security Service Market By Organization Size (Large Enterprises, Medium Enterprises, Small)
- Segmentation of Europe Managed Security Service Market By Deployment Mode (Cloud Based, On-Premise)
- Statistical Snap of Europe Managed Security Service Market
- Expansion Analysis of Europe Managed Security Service Market
- Problems and Obstacles in Europe Managed Security Service Market
- Competitive Landscape in the Europe Managed Security Service Market
- Impact of COVID-19 and Demonetization on Europe Managed Security Service Market
- Details on Current Investment in Europe Managed Security Service Market
- Competitive Analysis of Europe Managed Security Service Market
- Prominent Players in the Europe Managed Security Service Market
- SWOT Analysis of Europe Managed Security Service Market
- Europe Managed Security Service Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
4.2. COVID-19 Impacts of the Europe Managed Security Service Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Europe Managed Security Service Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Europe Managed Security Service Market
7. Europe Managed Security Service Market , By Product Type (USD Million)
7.1. Europe Managed Security Service Market Value Share and Forecast, By Product Type, 2023-20337.2. Compliance Management7.3. DDoS, Managed SIEM7.4. Managed Endpoint Threat Detection7.5. Managed Two Factor Authentication7.6. Unified Threat Management7.7. Vulnerability Management
7.8. Others
8. Europe Managed Security Service Market , By Application (USD Million)
8.1. Europe Managed Security Service Market Value Share and Forecast, By Application, 2023-20338.2. BFSI, Manufacturing8.3. Government/Defense8.4. Retail8.5. Telecom & IT8.6. Others
9. Europe Managed Security Service Market , By Organization Size (USD Million)
9.1. Europe Managed Security Service Market Value Share and Forecast, By Organization Size, 2023-20339.2. Large Enterprises9.3. Medium Enterprises9.4. Small
10. Europe Managed Security Service Market , By Deployment mode (USD Million)
10.1. Europe Managed Security Service Market Value Share and Forecast, By Deployment mode, 2023-203310.2. Cloud Based10.3. On-Premise
11. Europe Managed Security Service Market Forecast, 2019-2033 (USD Million)
11.1. Europe Managed Security Service Market Size and Market Share
12. Europe Managed Security Service Market , By Product Type, 2019-2033 (USD Million)
12.1. Europe Managed Security Service Market Size and Market Share By Product Type (2019-2026)12.2. Europe Managed Security Service Market Size and Market Share By Product Type (2027-2033)
13. Europe Managed Security Service Market , By Application, 2019-2033 (USD Million)
13.1. Europe Managed Security Service Market Size and Market Share By Application (2019-2026)13.2. Europe Managed Security Service Market Size and Market Share By Application (2027-2033)
14. Europe Managed Security Service Market , By Organizations Size, 2019-2033 (USD Million)
14.1. Europe Managed Security Service Market Size and Market Share By Organizations (2019-2026)14.2. Europe Managed Security Service Market Size and Market Share By End-Use (2027-2033)
15. Europe Managed Security Service Market , By Deployment Mode, 2019-2033 (USD Million)
15.1. Europe Managed Security Service Market Size and Market Share By Deployment mode(2019-2026)15.2. Europe Managed Security Service Market Size and Market Share By Deployment mode (2027-2033)
16. Europe Managed Security Service Market, By Region, 2019-2033 (USD Million)
16.1. Europe Managed Security Service Market Size and Market Share By Region (2019-2026)16.2. Europe Managed Security Service Market Size and Market Share By Region (2027-2033)16.3. Europe
16.3.1. France16.3.2. Germany16.3.3. Italy16.3.4. Spain16.3.5. United Kingdom16.3.6. The rest of Europe
17. Company Profile
17.1. BAE Systems
17.1.1. Company details17.1.2. Financial outlook17.1.3. Product summary17.1.4. Recent developments
17.2. Check Point Software
17.2.1. Company details17.2.2. Financial outlook17.2.3. Product summary17.2.4. Recent developments
17.3. Cisco Systems, Inc.,
17.3.1. Company details17.3.2. Financial outlook17.3.3. Product summary17.3.4. Recent developments
17.4. CyberArk Software Ltd.
17.4.1. Company details17.4.2. Financial outlook17.4.3. Product summary17.4.4. Recent developments
17.5. F-Secure Corporation
17.5.1. Company details17.5.2. Financial outlook17.5.3. Product summary17.5.4. Recent developments
17.6. F5networks, Inc.,
17.6.1. Company details17.6.2. Financial outlook17.6.3. Product summary17.6.4. Recent developments
17.7. Fire Eye
17.7.1. Company details17.7.2. Financial outlook17.7.3. Product summary17.7.4. Recent developments
17.8. Sophos Group plc.
17.8.1. Company details17.8.2. Financial outlook17.8.3. Product summary17.8.4. Recent developments
15.9 Symantec Corporation
15.9.1 Company details15.9.2 Financial outlook15.9.3 Product summary15.9.4 Recent developments
15.20 Others
16 List of Abbreviations
17 Reference Links
18 Conclusion
19 Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Europe Managed Security Service Market is projected to reach USD XX billion by 2033, growing at a CAGR of XX % during the forecast period.
Europe Managed Security Service Market grew in market size from 2022. The Market is expected to reach USD XX billion by 2033, at a CAGR of XX % during the forecast period.
Europe Managed Security Service Market CAGR of 6.5% during the forecast period.
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Europe Managed Security Service Market size is USD XX billion from 2023 to 2033.
"Europe Managed Security Service Market Segment is covered By Product, By Consumer Group, By Category, By Application."
The Europe is anticipated to have the highest market share in the Europe Managed Security Service Market
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