Managed Security Services Market Regional Analysis:
North American Market Insights
In managed security services market, North America region is estimated to capture over 35% revenue share by 2035, owing to increasing cases of a security breach, higher dependence of enterprises on cloud-based applications, and increasing investments by players in security solutions. In 2020, over 1000 cases of data breaches were reported in the United States, with over 155 million people being affected by data exposure. Furthermore, region comprises the United States and Canada which have the most number of managed security services vendors with the most advanced infrastructure and high technological adoption in businesses. Also, the rising governing initiatives to protect critical infrastructure, systems, and data against ever-evolving cyberattacks are considered to positively contribute to market growth.
APAC Market Insights
In managed security services market, Asia Pacific region is anticipated to hold revenue share of more than 24% by 2035, due to presence of developing businesses and enterprises which require advanced solutions for data and information protection. In addition, the high investment made by the government and key players operating in the research and development sector for the development of advanced managed security services to eliminate the chances of data thefts, cyberattacks, hacking, phishing, and other cybercrimes is estimated to create a positive outlook for robust revenue generation of the market. Furthermore, emerging economies, such as China and India are increasingly investing in IT infrastructure, which is expected to provide untapped business opportunities for market players.
Europe Market Insights
European segment is expected to capture remarkable share by the end of 2035, due to rising awareness about cybercrimes and their solutions, European countries are opting for managed security services for the protection of confidential data and important information which in turn is anticipated to increase the revenue generation for market growth. Also, the increasing internet penetration, security breaches, and sophisticated cyberattacks are estimated to bring lucrative growth opportunities for market growth.
