According to TechSci Research, Australia managed security services market is expected to grow at a formidable rate during the forecast period. The Australia managed security services market is driven by the growing need for organization security solution across various end user industries such as BFSI, healthcare, manufacturing, aerospace & defense, among others. This has increased the need to monitor and manage both internal and external threats within an organization. This is expected to spur the market growth over the next few years.
Additionally, increasing expenditure by the government on security solutions and growing concerns over breach of intelligence data is further expected to foster the market growth through 2027. Furthermore, ongoing technological advancements and new software & services launches by the major players operating in the market is expected to create lucrative opportunities for the market growth over the next few years. However, lack of trust on third party applications to share important data can hamper the market growth during the forecast period. Also, increasing complexity in network infrastructure can further impede the market growth.
The Australia managed security services market is segmented based on type, security type, deployment mode, organization size, end user industry, company, and region. Based on type, the market can be fragmented into identity and access management, antivirus/anti-malware, firewall, risk and compliance management, vulnerability management, security information and event management, intrusion detection system/ intrusion prevention system, disaster recovery, unified threat management, encryption, data loss prevention, distributed denial of service mitigation and others.
The intrusion detection system/ intrusion prevention system is expected to register significant growth in the market during the forecast period owing to the capability of these solutions to secure network from advanced malicious practices and continuous security monitoring. Based on security type, the market can be categorized into network security, endpoint security, application security, cloud security and others. The endpoint security segment is expected to dominate the market during the forecast period since it provides advanced solutions such as vulnerability management and speedy response to threats.
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The major players operating in the managed security services market are Verizon Enterprise Solutions Australia, IBM Australia Ltd., GA Systems, Networx Australia Pty Ltd, Dimension Data Australia Pty Limited, Symantec Australia Holding Pty Ltd, SecureWorks Australia, SAVVIS Australia Pty Ltd (CenturyLink), Fortinet Australia, CSC Australia Pty. Ltd (DXC Technology) and others. Major companies are developing advanced technologies and launching new services in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new service developments.
Objective of the Study:
- To analyze and estimate the market size of Australia managed security services market from 2017 to 2020.
- To estimate and forecast the market size of Australia managed security services market from 2021 to 2027 and growth rate until 2027.
- To classify and forecast Australia managed security services market based on type, security type, deployment mode, organization size, end user industry, company, and regional distribution.
- To identify dominant region or segment in the Australia managed security services market.
- To identify drivers and challenges for Australia managed security services market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Australia managed security services market.
- To identify and analyze the profile of leading players operating in Australia managed security services market.
- To identify key sustainable strategies adopted by market players in Australia managed security services market.
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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of service providers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the service providers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the service providers, distribution channels and presence of all major players across the globe.
TechSci Research calculated the market size of Australia managed security services market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
- Managed security services provider companies
- Market research and consulting firms
- Government bodies such as regulating authorities and policy makers
- Organizations, forums and alliances related to managed security services
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as service providers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
| Attribute | Details |
| Base Year | 2021 |
| Historical Years | 2017 – 2020 |
| Estimated Year | 2022E |
| Forecast Period | 2023F – 2027F |
| Quantitative Units | Revenue in USD Million, and CAGR for 2017-2021 and 2022E-2027F |
| Report Coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
| Segments Covered |
|
| Region Scope | New South Wales, Northern Territory, Queensland, South Australia, Tasmania, Victoria & Western Australia |
| Key Companies Profiled | Verizon Enterprise Solutions Australia, IBM Australia Ltd., GA Systems, Networx Australia Pty Ltd, Dimension Data Australia Pty Limited, Symantec Australia Holding Pty Ltd, SecureWorks Australia, SAVVIS Australia Pty Ltd (CenturyLink), Fortinet Australia, CSC Australia Pty. Ltd (DXC Technology) |
| Customization Scope | 10% free report customization with purchase. Addition or alteration to regional & segment scope. |
| Pricing and Purchase Options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Report Scope:
In this report, Australia managed security services market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
- Australia Managed Security Services Market, By Type:
- Identity and Access Management
- Antivirus/Anti-Malware
- Firewall
- Risk and Compliance Management
- Vulnerability Management
- Security Information and Event Management
- Intrusion Detection System/ Intrusion Prevention System
- Disaster Recovery
- Unified Threat Management
- Encryption
- Data Loss Prevention
- Distributed Denial Of Service Mitigation
- Others
- Australia Managed Security Services Market, By Security Type:
- Network Security
- Endpoint Security
- Application Security
- Cloud Security
- Others
- Australia Managed Security Services Market, By Deployment Mode:
- On-Premise
- Cloud
- Australia Managed Security Services Market, By Organization Size:
- Large Enterprises
- SMEs
- Australia Managed Security Services Market, By End User Industry:
- BFSI
- IT & Telecommunication
- Energy & Utilities
- Healthcare
- Manufacturing
- Defense
- Others
- Australia Managed Security Services Market, By Region:
- New South Wales
- Queensland
- Tasmania
- Victoria
- Northern Territory
- Western Australia
- South Australia
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in Australia managed security services market.
About TechSci Research
TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research-based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.
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