Managed Services - Saudi Arabia
Saudi Arabia- Revenue in the Managed Services market is projected to reach US$55.87m in 2024.
- Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 3.39%, resulting in a market volume of US$66.02m by 2029.
- The average Spend per Employee in the Managed Services market is projected to reach US$3.38 in 2024.
- In global comparison, most revenue will be generated United States (US$10.3bn in 2024).
Definition:
Additional Information:
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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In-Scope
- 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
Out-Of-Scope
- 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
