Managed Security Services Market to Expand At 15.40% CAGR Due To Increasing Application in Various Industries
The global managed security services market witness high degree of competition due to the presence of large number of players present in the market, observes Transparency Market Research. The leading players in the market are investing highly in mergers and acquisitions to expand their geographical reach and strengthen their position in the market. They are also diversifying their product portfolio to provide better offer for their customers. Moreover, as a part of their product portfolio and services expansion, huge number of internet/telecom service providers have started to venture in managed security services To name of the prominent players in the market are Dell SecureWorks Inc., Hewlett-Packard Co., EMC Corp., and IBM Corp. Other players in the market are Verizon Communication Inc., Tata Communications Ltd., Wipro Technology Services Ltd. and Trustwave Holdings Inc. As per the TMR, the global managed security services market is estimated to attain a valuation of US$24.12 ...