Managed Services - Australia
Australia- The Managed Services market in Australia is expected to witness significant growth in the coming years.
- According to projections, the revenue in this market is set to reach AU AU$1.02bn by 2025.
- Furthermore, it is anticipated that the market will experience a steady annual growth rate (CAGR 2025-2029) of 2.24%, resulting in a market volume of AU AU$1.14bn by 2029.
- When it comes to the average Spend per Employee in the Managed Services market, it is estimated to reach AU AU$69.09 in 2025.
- This indicates the level of investment and expenditure dedicated to this sector in Australia.
- In a global context, it is worth noting that United States is projected to generate the highest revenue in the Managed Services market.
- In 2025 alone, United States is expected to generate a staggering amount of revenue, reaching approximately AU$16.0bn.
- This highlights the dominance of the United States in the global market and its strong position in this industry.
- In Australia, the demand for managed services is on the rise as businesses seek to outsource IT operations and focus on core competencies.
Managed security services refer to a service model provided by cybersecurity service providers and include advanced defense centers, cybersecurity platforms, and managed security infrastructure and operations. These services include a wide range of areas, such as threat intelligence, incident response, vulnerability management, and compliance management.
The goal of managed security services is to help organizations proactively identify and mitigate cyber threats, reduce the risk of data breaches, and ensure compliance with industry regulations. This can be achieved through a combination of technology and human expertise, including the use of security tools such as firewalls, intrusion detection and prevention systems (IDPS), and security information and event management (SIEM) platforms, as well as the deployment of skilled security analysts and incident responders.
Additional Information:
Key performance indicators covered in the Managed Security Services market include revenue and revenue change. Only revenues generated by the key vendors, either directly or through distribution channels, are included (manufacturer prices, excluding value-added tax); revenues generated by resellers are excluded. Revenues can be produced through either online or offline sales channels and include consumer spending (B2C), business spending (B2B), as well as government spending (B2G). Key players in this market include SecureWorks, IBM Corporation, Atos, Wipro, Trustwave.
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- Threat intelligence and monitoring, such as FireEye, Palo Alto Networks, and F-Secure
- Identity and access management, such as Microsoft Azure, SailPoint, and IBM
- Vulnerability management, such as Trustwave, Rapid7, and BeyondTrust
- Security information and event management, such as SolarWinds Security Event Manager (SEM), Dell Technologies, and SecureTrust
- Firewall management, such as Palo Alto Networks Panorama, Secureworks, and Tufin
- Physical security, such as ADT Security Services, G4S Secure Solutions, and Allied Universal
- Network infrastructure and hardware, such as Extreme Networks, Siemon, and Dell Technologies
- Development or maintenance of company-owned software products
