Product ID: SQMIG45A2137
Report ID:
SQMIG45A2137 |
Region:
Global |
Published Date: March, 2024
Pages:
197
|
Tables:
59 |
Figures:
75
North America dominated the global MSS market, fueled by its mature cybersecurity ecosystem, technological advancements, and high awareness of the importance of data security. The region boasts a robust infrastructure, strong regulatory frameworks, and a large pool of MSS providers. Leading companies like IBM Security and Symantec (now part of Broadcom) have established a strong presence in this region. North America holds a substantial market share, accounting for approximately 40% of the global MSS market.
Asia Pacific is the fastest growing region in the global MSS market, driven by rapid digital transformation, expanding IT infrastructure, and an increasing number of cyber threats. Countries like China, India, Japan, and South Korea are witnessing substantial investments in cybersecurity measures, driving the demand for managed security services. With the rise of e-commerce, fintech, and other digital industries, businesses in the region are recognizing the need for robust security solutions. Regional players like NTT Security and Tata Consultancy Services (TCS) are gaining prominence. Asia Pacific is expected to witness significant growth in the coming years and is projected to capture a considerable market share.
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Product ID: SQMIG45A2137