Big Market Research: BYOD, Cyber Attacks to Boost Global Market for Managed Security Services

market researchA Big Market Research study predicts the global market for managed security services to record a compound annual growth rate of 15.8 percent from 2014 through 2020.

The research firm said Wednesday an increase in adoption of bring-your-own-device policies at workplaces and rising incidents of data breaches and cyber attacks are among the factors that will drive the demand for services offered by MSS providers.

Factors that could impede the growth of the global MMS market include different types of demands for security services among customers and companies’ hesitation over exchanges of sensitive information, the firm said.

The report listed the following companies as the major market players:

  • AT&T
  • BT Group
  • Check Point Software Technologies
  • Cisco Systems
  • Computer Science Corp.
  • Dell SecureWorks
  • Fortinet
  • HP
  • IBM
  • Symantec

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