Indian Managed Security Services (MSS) Industry Outlook, 2020

Indian Managed Security Services (MSS) Industry Outlook, 2020

While COVID-19 Would Dampen the Growth of Managed Security Services in India in 2020, in the Longer Run, MSS is Expected to Grow a

RELEASE DATE
25-May-2020
REGION
South Asia, Middle East & North Africa
Research Code: PAD8-01-00-00-00
SKU: IT04116-SA-MO_24364
$4,950.00
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Description

Currently, most enterprises are undergoing a phase of digital transformation. Investments in emerging technologies have increased substantially, helping companies to bring in operational efficiency and address the growing customer demands. While each of these technologies has brought in a competitive edge among businesses, the concern around digital security has increased manifold.

Legacy security solutions were built on the old framework of securing just the perimeter. Enterprises could draw a line and were somewhat sure on how to protect themselves. However, with growing concepts such as cloud and enterprise mobility, the demarcation of the perimeter has faded away. Modern enterprises have not only adopted the cloud but are also considering moving critical assets on the hosted environment. This would require the use of security tools that protect data on the cloud. The managed model of security services helps enterprises get access to the latest security technologies without spending heavily on procuring capital infrastructure. While MSS has been in place for quite some time, a shift in offerings from a customer premise equipment (CPE) based to Hosted MSS is observed in India.


Research Highlights

This research service analyzes the current state of MSS in India. During the research process, the impact of COVID-19 has been factored in to estimate the market size in 2020 and thereafter. With an aim to provide the readers a comprehensive understanding of the market (current and future), a well-tested step-by-step research methodology has been followed, which is an ideal mix of primary and secondary research.

The study starts with the key highlights in MSS for India in 2019. It takes a look into the trends affecting the growth of MSS in India. Given that MSS has been in India for long, the various service offerings are plotted on a maturity curve. The study provides a perspective on the existing cybersecurity regulations in India and also upcoming ones (e.g., the Personal Data Protection). Frost & Sullivan has also predicted the Indian MSS market for 2020. The study also talks about the Global Cybersecurity Index and where India stands. Enterprise challenges and the shifting threat landscape have also been captured in the study.

This outlook estimates the market size of MSS in India in 2019 and forecasts it till 2024. Segment-level analysis includes security asset monitoring and management; threat research, intelligence, detection, and remediation; risk and compliance management; and advanced/emerging MSS. Additionally, the market is segmented across industry verticals and horizontals. Key market participants impacting the growth of the market are mentioned. Finally, the study provides a peek into the top security technologies, the Indian cybersecurity start-up ecosystem and growth opportunities for managed security service providers (MSSPs).

Key Issues Addressed

  • What are the key factors that will influence the direction of the Indian MSS Market in 2020?
  • What will be the market size of MSS in India by 2020?
  • Which security services would grow the fastest:  traditional or emerging?
  • How would the adoption of MSS across industry verticals and different type of companies be?
  • Which are the key market participants?
  • What opportunities can MSS providers explore in 2020?

Author: Rajarshi Dhar

RESEARCH: INFOGRAPHIC

This infographic presents a brief overview of the research, and highlights the key topics discussed in it.
Click image to view it in full size

Table of Contents

Key Findings

Key Findings (continued)

Key Highlights for 2019—MSS Market

Trends Affecting the Growth of MSS in India

Maturity of Key Managed Security Services

Cybersecurity Regulations in India Across Key Industry Verticals

Cybersecurity Regulations in India Across Key Industry Verticals (continued)

The Personal Data Protection Bill, 2019

Top Predictions for 2020

Top Trends for 2020

Top Trends for 2020 (continued)

Research Scope

MSS Market Definition and Segmentation

MSS Market Definition and Segmentation (continued)

Professional Security Services (PSS) Definition and Segmentation

Research Aim and Objectives

Key Questions this Study will Answer

Cybersecurity Events Making Headlines in India

Global Cybersecurity Index (GCI) Rank

India’s Cybersecurity Posture

Top Security Threats That Bother Enterprises in India

The Changing Threat Landscape

Enterprise Challenges in Managing Security Operations

Why Enterprises Fail to Secure IT Infrastructure?

Government Initiatives, Policies, and Mega Tends in India

Government Initiatives, Policies, and Mega Tends in India (continued)

Technological Mega Trends Impacting MSS Growth

MSS Market Outlook 2020

Technology Trends in MSS

MSS Market Sizing and Forecast Till 2020

MSS Market Segment Growth and Forecast

Demand for MSS Market Segments

MSS Market Trends Across Industry Verticals

MSS Market Trends Across Industry Horizontals

MSS Market Trends by SOC Type

MSS Market Participants

SAMM Market Outlook 2020

Technology Trends in SAMM

SAMM Market Sizing and Forecast Till 2020

Demand for SAMM Services Across Subsegments

SAMM Market Trends Across Industry Verticals

SAMM Market Trends Across Industry Verticals (continued)

SAMM Market Trends Across Industry Horizontals

SAMM Market Participants

TRIDR Market Outlook 2020

Technology Trends in TRIDR

TRIDR Market Sizing and Forecast Till 2020

Demand for TRIDR Services Across Subsegments

TRIDR Market Trends Across Industry Verticals

TRIDR Market Trends Across Industry Verticals (continued)

TRIDR Market Trends Across Industry Horizontals

TRIDR Market Participants

RCM Market Outlook 2020

Technology Trends in RCM

RCM Market Sizing and Forecast Till 2020

Demand for RCM Services Across Subsegments

RCM Market Trends Across Industry Verticals

RCM Market Trends Across Industry Verticals (continued)

RCM Market Trends Across Industry Horizontals

RCM Market Participants

AEM Market Outlook 2020

Technology Trends in AEM

AEM Market Sizing and Forecast Till 2020

Demand for AEM Services Across Subsegments

AEM Market Trends Across Industry Verticals

AEM Market Trends Across Industry Verticals (continued)

AEM Market Trends Across Industry Horizontals

AEM Market Participants

Top Security Technologies Impacting MSS

Artificial Intelligence and Machine Learning

Automation

Security Analytics

Blockchain

Indian Cybersecurity Landscape

Key Focus Segments

Vendor and Service Provider Classification

Next-generation Enabled Security Companies

Indian Cybersecurity Companies and Start-ups—Companies Offering AI-driven Products

Indian Cybersecurity Companies and Start-ups—Companies Offering Blockchain Based Products

Indian Cybersecurity Companies and Start-ups—Companies Leveraging on Big Data and Analytics Products

Growth Opportunity 1—Managed Detection and Response

Growth Opportunity 2—Cloud Security

Growth Opportunity 3—Security as a Service

Growth Opportunity 4—Invest in Newer Areas Such as Blockchain and IoT Security Along with AI, ML, Automation, and Analytics

Growth Opportunity 5—Craft Service Offerings Targeted Toward Enterprises to Adhere to Personal Data Protection Law

Strategic Imperatives for MSS Providers

Key Conclusion

Legal Disclaimer

Table of Acronyms Used

Table of Acronyms Used (continued)

Table of Acronyms Used (continued)

Market Engineering Methodology

List of Exhibits

List of Exhibits (continued)

List of Exhibits (continued)

List of Exhibits (continued)

Related Research
Currently, most enterprises are undergoing a phase of digital transformation. Investments in emerging technologies have increased substantially, helping companies to bring in operational efficiency and address the growing customer demands. While each of these technologies has brought in a competitive edge among businesses, the concern around digital security has increased manifold. Legacy security solutions were built on the old framework of securing just the perimeter. Enterprises could draw a line and were somewhat sure on how to protect themselves. However, with growing concepts such as cloud and enterprise mobility, the demarcation of the perimeter has faded away. Modern enterprises have not only adopted the cloud but are also considering moving critical assets on the hosted environment. This would require the use of security tools that protect data on the cloud. The managed model of security services helps enterprises get access to the latest security technologies without spending heavily on procuring capital infrastructure. While MSS has been in place for quite some time, a shift in offerings from a customer premise equipment (CPE) based to Hosted MSS is observed in India.--BEGIN PROMO--

Research Highlights

This research service analyzes the current state of MSS in India. During the research process, the impact of COVID-19 has been factored in to estimate the market size in 2020 and thereafter. With an aim to provide the readers a comprehensive understanding of the market (current and future), a well-tested step-by-step research methodology has been followed, which is an ideal mix of primary and secondary research.

The study starts with the key highlights in MSS for India in 2019. It takes a look into the trends affecting the growth of MSS in India. Given that MSS has been in India for long, the various service offerings are plotted on a maturity curve. The study provides a perspective on the existing cybersecurity regulations in India and also upcoming ones (e.g., the Personal Data Protection). Frost & Sullivan has also predicted the Indian MSS market for 2020. The study also talks about the Global Cybersecurity Index and where India stands. Enterprise challenges and the shifting threat landscape have also been captured in the study.

This outlook estimates the market size of MSS in India in 2019 and forecasts it till 2024. Segment-level analysis includes security asset monitoring and management; threat research, intelligence, detection, and remediation; risk and compliance management; and advanced/emerging MSS. Additionally, the market is segmented across industry verticals and horizontals. Key market participants impacting the growth of the market are mentioned. Finally, the study provides a peek into the top security technologies, the Indian cybersecurity start-up ecosystem and growth opportunities for managed security service providers (MSSPs).

Key Issues Addressed

  • What are the key factors that will influence the direction of the Indian MSS Market in 2020
  • What will be the market size of MSS in India by 2020
  • Which security services would grow the fastest:  traditional or emerging
  • How would the adoption of MSS across industry verticals and different type of companies be
  • Which are the key market participants
  • What opportunities can MSS providers explore in 2020

Author: Rajarshi Dhar

More Information
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Author Rajarshi Dhar
Industries Information Technology
WIP Number PAD8-01-00-00-00
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GPS Codes 9659