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Managed Services - Tanzania

Tanzania
  • Revenue in the Managed Services market is projected to reach US$8.37m in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 6.90%, resulting in a market volume of US$11.68m by 2029.
  • The average Spend per Employee in the Managed Services market is projected to reach US$0.25 in 2024.
  • In global comparison, most revenue will be generated United States (US$10.3bn in 2024).

Definition:

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
Security Services: market data & analysis - Cover

Market Insights report

Security Services: market data & analysis

Study Details

    Revenue

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Jun 2024

    Source: Statista Market Insights

    Notes: The chart “Comparable Estimates” shows the forecasted development of the selected market from different sources. Please see the additional information for methodology and publication date.

    Most recent update: Mar 2024

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Jun 2024

    Source: Statista Market Insights

    Global Comparison

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Jun 2024

    Sources: Statista Market Insights, Financial Statements of Key Players, National Cyber Security Organizations

    Methodology

    Data coverage:

    Data encompasses B2C, B2B and B2G enterprises. Figures are based on security spending excluding VAT and the number of cyberattacks.

    Modeling approach / Market size:

    Market sizes are determined by a combined top-down and bottom-up approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial statements of the market-leading companies and industry associations, national statistical offices, and specific countries’ security organizations (e.g., German Cyber Security Council, Canadian Centre for Cyber Security). Furthermore, we use relevant key market indicators and data from country-specific associations, such as GDP and internet penetration. This data helps us to estimate the market size for each country individually.

    Forecasts:

    In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. Possible techniques are, for example, exponential trend smoothing and the autoregressive integrated moving average (ARIMA) forecasting algorithm. The main drivers are GDP, internet users, level of digitization, and consumer attitude towards data and IT security.

    Additional notes:

    Data is modeled using current exchange rates. The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.

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    Security Services: market data & analysis - BackgroundSecurity Services: market data & analysis - Cover

    Key Market Indicators

    Notes: Based on data from IMF, World Bank, UN and Eurostat

    Most recent update: Sep 2024

    Source: Statista Market Insights

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