Managed Security Services Market (CPE, Cloud Hosted and Hybrid) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2013 - 2019
According to a new market report, "Managed Security Services Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2013 - 2019" published by Transparency Market Research, the market was valued at USD 9,249.7 million in 2012 and is expected to reach USD 24,127.1 million by 2019 at a CAGR of 15.4% from 2013 - 2019. The market growth is driven by increased demand for applications such as 'network security' and 'confidentiality' services. Cloud-based managed security service is seen as an emerging market and is expected to drive market growth in the near future.
Industry verticals such as banking and finance services and insurance (BFSI), government and utilities, and telecom and IT, are seen as key demand drivers during the forecast period. Collectively, these segments accounted for 59.2% of the marker share in 2012. Due to fast growing demand from companies under the BFSI sector, this sector is expected to have highest market share throughout the forecast period. This is largely due to increase in incidences of frauds, payment defaults, and stringent regulations regarding GRC (governance, risk, and compliance). This in turn has pushed companies to adopt specialized solutions from managed security services providers, so as they can ensure the confidentiality and security of customer records and information.
Different applications of managed security services are network security, access control, compliance, confidentiality, and 'risk and vulnerability management'. Among these applications, network security, confidentiality, and compliance services are emerging as leading segments. These segments accounted for approximately 67.4% of market revenue share in 2012.
Managed security services Market are currently delivered through CPE (consumer premise equipment) based, cloud based, and hybrid (combination of CPE and cloud) models. Among all, cloud based services delivery model held largest share owing to the various benefits such as ease of installation and maintenance and lower cost. Scope for upgrade as per requirements and ease of switching the vendor are some of the factors supporting demand for cloud based managed security services.
North America is expected to remain largest market for managed security services due to the shift in existing corporate governance policies and compliance requirements for retail, financial services, energy, and healthcare market. Moreover, under current economical scenario, many businesses in North America are relocating in order to expand geographically or to reduce operations cost (as compared to operations in city centers). However, Asia Pacific region with its fast growing BFSI, IT and telecom, and pharmaceutical industry, is forecast to record fastest growth for managed security services, with demand primarily contributed by SMBs (small and medium businesses).
Driven by emerging opportunities and high growth potential, players from various industry sectors, especially IT sector, are entering into managed security service space, making the competition intense. Players such as Hewlett-Packard Co. (HP), IBM Corporation, Dell SecureWorks Inc., and EMC Corporation, are key players' dominating the market with share more than 40% of the market in 2012, with HP being the leader. New entrants are expected to face stiff competition from existing players, and will have to focus on service differentiation and quality, so as to sustain growth in the long run. Other vendors in the market are: AT&T Inc., Bell Canada Inc., Fujitsu Ltd., Trustwave Holdings, Inc., Symantec, Verizon Communication Inc., Tata Communications Ltd., Wipro Technology Services Ltd., Intergalis AG, and CenturyLink, Inc., among others.
The report analyzes the global managed security services market in terms of revenue (USD million). The market has been segmented as follows:
Managed Security Services Market, By Industry Verticals:
- BFSI (Banking, Finance Services, and Insurance)
- Government and utilities
- Manufacturing
- Telecom and IT
- Healthcare
- Retail
- Others (Education, Research and development, and Hospitality)
Managed Security Services Market, By Applications:
- Network security
- Access control
- Business continuity
- Compliance
- Confidentiality
- Risk assessment
Managed Security Services Market, By Mode of Delivery:
- Customer premises equipment (CPE) based
- Hosted or Cloud based
- Hybrid
Managed Security Services Market, By Geography:
- North America
- Europe
- Asia Pacific
- Rest of the World (RoW)
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Ophthalmic Drugs Market is Expected to Reach USD 21.6 Billion Globally in 2018: Transparency Market Research
According to a new market report published by Transparency Market Research "Ophthalmic Drugs Market (Dry eye, Anti-glaucoma, Anti allergy/ inflammatory/ infective, Retinal Drugs) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2018" the global ophthalmic drugs market was valued at USD 16 billion in 2012 and is expected to grow at a CAGR of 5.2% from 2013 to 2018, to reach an estimated value of USD 21.6 billion in 2018.
Globally, the ophthalmic drugs market is witnessing significant growth due to increasing prevalence of eye disorders such as diabetic retinopathy and macular degeneration. As a result, this market is expected to grow at a CAGR of about 5.2% during 2013 - 2018.
Some of the key driving factors for the ophthalmic drugs market are rising prevalence of global aging population, increasing government initiatives towards healthcare infrastructure in developing countries (such as India and China), technological changes in drug delivery technique, and increasing prevalence of lifestyle associated diseases. However, the market faces some restraints such as lack of awareness among people regarding eye disorders, drying pipeline of ophthalmic drugs, patent expiration of blockbuster ophthalmic drugs and absence of health insurance in developing countries.
North America, including the US has the largest ophthalmic drugs market. Asia is the fastest growing ophthalmic drugs market. Some of the fastest growing markets for ophthalmic drugs are China, India, other countries in South East Asia and the Eastern Mediterranean. As per WHO estimates in 2010, in the next nine years, the number of blind people aged 50 years and above will grow in these regions, thereby increasing the demand for ophthalmic drugs. On the other hand, in developed regions such as North America and Western Europe, rising efforts towards prevention of blindness among the aging population has emerged as a key driver for the market.
Glaucoma has the largest market share in the ophthalmic drugs market and it is expected to grow at a CAGR of about 4.2% during 2013 - 2018. Various ophthalmic drug companies are increasing their focus on combination therapy, which involves use of more than one medication for specific retinal disorders. Most of these combination therapies are used as first line treatment in patients with high level of intraocular pressure. Combination therapy has various advantages over traditional medication such as reduced frequency of eye drop application, improved patient compliance and efficacy.
Novartis (Alcon) is the leading player in the global ophthalmic drugs market while other major players include Allergan, Santen, Pfizer, Merck and Roche.
The global ophthalmic drugs market is segmented as follows:
Ophthalmic Drugs Market, By Treatment Drugs
- Dry Eye Drugs
- Retinal Drugs
- Anti-inflammatory/allergy/infective Drugs
- Anti-glaucoma Drugs
Ophthalmic Drugs Market, By Types
- Prescription Drugs
- OTC Drugs
Ophthalmic Drugs Market, by Geography
- North America
- US
- Europe
- Germany
- UK
- France
- Asia Pacific
- Japan
- China
- India
- Rest of the World (RoW)
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