Global Market Research Company US Saudi Arabia Managed Security Services Market Fore | Page 6

Product Overview
• Managed Security Services (MSS) refer to the network security services which are either hosted on premise
or outsourced to a Managed Security Service Provider (MSSP) by an organization.
• MSS offers methodological approach to manage the security needs of an organization by taking into
consideration the security monitoring, compliance, regulation and management requirements of an
organization, by offering diverse user specific services such as Firewall Management, Endpoint Security,
Intrusion Prevention & Detection System (IPS & IDS), Distributed Denial of Services (DDoS) and Others, all
the while meeting the OPEX (Operational Expenditure) criteria set by the company by leveraging their
skilled IT and networking resources to maintain the agreed flow of services.
• Demand for Managed Security Services is expected to increase over the coming years, owing to the
ongoing global digital transformation, rapid SMACT (Social, Mobile, Analytics, Cloud & IoT) technologies
adoption and emerging BYOD & mobility trends, resulting in growing complexities pertaining to data
security, network infrastructure, security regulation & compliance, coupled with rising demand to reduce
CAPEX & OPEX expenditure.
• The adoption of Managed Security Services is expected to be highest across the government sector,
followed by BFSI, oil & gas, IT & Telecom and other sectors, majorly attributed to the availability of
security services at dynamic pricing options, offering risk prediction, mitigation and user behavior analysis
capabilities. Major providers of MSS include Injazat Data Systems, Wipro, TCS and Cisco.
Managed Security Services
Next Gen Cyber Security
Services
Managed IPS/IDS
Managed Network,
Application, Firewall
Managed
Security
Services
Endpoint Threat Detection &
Management
Security Incident &
Event Management
Forensic Analysis
Threat Hunting
Threat Intelligence
Cyber Security Lab
Cloud & IoT Security
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Source: TechSci Research
TechSci Research