Frost & Sullivan’s latest research, Global Managed & Professional Security Services Market, Forecast to 2023, finds that the top five providers, which account for 42% of the global market, grew 27.6% year-over-year in 2018 due to their massive size, global reach, consultative strength, industry expertise, and established relationships with large enterprises and government agencies. In terms of broad service categories, professional security services represented 61% of the global market in 2018. Within professional security services, assessment and advisory offerings continue their upswing. In managed security services, detection & response is growing at the fastest pace and in strategic importance down market.
For further information on this analysis, please visit: http://frost.ly/3ul.
“Despite robust market demand, providers must evolve in this competitive market. Similar to their clients’ digital innovation, their platform of services and how they offer them will be required to change in order to remain competitively vibrant in this market,” said Jarad Carleton, Global Program Leader of Cybersecurity…
