India Managed Security Services Market by Security Type (Managed Intrusion Detection System (IDS)/Managed Intrusion Prevention System (IPS), Security Information & Event Management, Managed Firewall, Unified Threat Management, Others), By Deployment Type (On-Premise, Cloud), By Organization Size (SME’s, Large Enterprise), By End User (Government, BFSI, IT & Telecom, Manufacturing & Natural Resourc
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: ICT | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationIndia Managed Security Services Market by Security Type (Managed Intrusion Detection System (IDS)/Managed Intrusion Prevention System (IPS), Security Information & Event Management, Managed Firewall, Unified Threat Management, Others), By Deployment Type (On-Premise, Cloud), By Organization Size (SME’s, Large Enterprise), By End User (Government, BFSI, IT & Telecom, Manufacturing & Natural Resourc
| Forecast Period | 2025-2029 |
| Market Size (2023) | USD 1.69 Billion |
| CAGR (2024-2029) | 15.72% |
| Fastest Growing Segment | SME’s |
| Largest Market | South Region |
Market Overview
Key Market Drivers
Escalating Cyber Threat Landscape
Regulatory Compliance Imperatives
Rapid Digitization and Remote Work Trends
Holistic Approach to Cybersecurity
Key Market Challenges
Talent Shortage and Skills Gap in the India Managed Security Services Market
Evolving Regulatory Landscape and Compliance Complexity
Key Market Trends
Cloud Security Dominance in the India Managed Security Services Market
AI and Machine Learning-Powered Threat Detection and Response
Managed Detection and Response (MDR) Services
Segmental Insights
Deployment Type Insights
The deployment of managed security systems in the cloud segment has emerged as a key driver of significant growth in the Indian market and is poised to accumulate substantial revenue in the forecast period. This trend can be attributed to several factors. Firstly, the increasing adoption of cloud technologies by Indian businesses, driven by their scalability, cost-efficiency, and flexibility, has necessitated robust cloud-based security solutions. These solutions provide seamless integration with cloud infrastructures, ensuring that security measures evolve alongside the expanding cloud environment. Secondly, the surge in remote work arrangements, accentuated by the COVID-19 pandemic, has heightened the demand for cloud-based managed security services. These services offer real-time protection for remote endpoints and secure access to cloud resources, addressing the unique security challenges posed by dispersed workforces. Lastly, the cloud's ability to facilitate remote monitoring and management makes it an attractive choice for organizations seeking proactive threat detection and incident response. As a result, the cloud segment of the managed security system market is set to play a pivotal role in the Indian cybersecurity landscape, driving substantial revenue growth in the foreseeable future.
Organization Size Insights
In the dynamic landscape of the Managed Security Services (MSS) market in India, organization size is a pivotal factor influencing market dynamics. The segmentation of MSS services into SMEs (Small and Medium-sized Enterprises) and large enterprises reveals an intriguing trend, with the latter expected to contribute the lion's share of the market. Large enterprises are poised to emerge as the dominant consumers of MSS services due to their inherent complexities, vast digital ecosystems, and significant data assets. These organizations often operate on a global scale, making them lucrative targets for cyberattacks. As a result, they recognize the critical need for robust and comprehensive cybersecurity solutions provided by MSS providers. Furthermore, large enterprises typically have larger budgets and resources to allocate to security measures, allowing them to invest in cutting-edge technologies, threat intelligence, and 24/7 monitoring offered by MSS providers. While SMEs also recognize the importance of cybersecurity, budget constraints and resource limitations may lead them to opt for more cost-effective solutions or managed security services tailored to their specific needs. In summary, the large enterprises segment is expected to hold the largest market share in the Indian MSS market, driven by their greater susceptibility to cyber threats and their capacity for substantial investments in advanced security solutions.
Regional Insights
Recent Developments
- In February 2023, iValueInfoSolutions, a prominent player in the IT solutions and services domain, tooka significant step forward in by acquiring ASPL Info, thereby bolstering itscapabilities in the Hybrid Multi-cloud Services sector. This strategic movereflects iValue's commitment to staying at the forefront of the rapidlyevolving technology landscape, where hybrid and multi-cloud environments havegained immense prominence. The acquisition of ASPL Info is poised to provideiValue with a competitive edge in delivering comprehensive and cutting-edgesolutions to its clientele. Hybrid Multi-cloud Services have become integral tomodern businesses, allowing them to harness the benefits of both on-premisesand cloud-based infrastructure while maintaining flexibility, scalability, andresilience in their operations.
Key Market Players
- IBM India Pvt.Ltd.
- Wipro Limited
- TataConsultancy Services (TCS) Limited
- HCLTechnologies Pvt. Ltd.
- Infosys Pvt.Ltd.
- Tech Mahindra Limited.
- Orange BusinessServices India Private Limited.
- SymantecSoftware Solutions Private Limited.
- SecureworksIndia Private Limited.
- Atos Pvt. Ltd.
| By Service Type | By Deployment Mode | By Organization Size | By End User | By Region |
|
|
|
|
|
FAQ'S
For a single, multi and corporate client license, the report will be available in PDF format. Sample report would be given you in excel format. For more questions please contact:
Within 24 to 48 hrs.
You can contact Sales team (sales@marketinsightsresearch.com) and they will direct you on email
You can order a report by selecting payment methods, which is bank wire or online payment through any Debit/Credit card, Razor pay or PayPal.
Discounts are available.
Hard Copy