




Growth, Analysis & Forecast, 2019-2028
13.1.4. Advanced and Emerging Managed Security Services (AEMSS)
13.1.5. Distributed Denial of Service (DDoS)
13.2. India Managed Security Services Market by Organization
13.2.1. Enterprise
13.2.2. Small and Medium Businesses (SMBs)
13.3. India Managed Security Services Market by Vertical
13.3.1. BFSI
13.3.2. Government
13.3.3. Manufacturing
13.3.4. Healthcare
13.3.5. Technology and Media & Entertainment
13.3.6. IT/IT enabled services
13.3.7. Utilities
13.3.8. Others (Agriculture, Construction, Education, etc.)
13.4. India Managed Security Services Market by Distribution Channel
13.4.1. Direct Sales
13.4.2. Channel Partners
13.4.3. Web
13.5. India Managed Security Services Market by Region
13.5.1. North India
13.5.2. West and Central India
13.5.3. East India
13.5.4. South India
14. Regional Analysis
14.1. North India Managed Security Services Market Analysis and Forecast 2019-2028
14.1.1. Regional Market Overview and Key Takeaways
14.1.2. North India Managed Security Services Market by Type
14.1.3. North India Managed Security Services Market by Organization
14.1.4. North India Managed Security Services Market by Vertical
14.1.5. North India Managed Security Services Market by Distribution Channel
14.2. West and Central India Managed Security Services Market Analysis and Forecast 2019-2028
14.2.1. Regional Market Overview and Key Takeaways
14.2.2. West and Central India Managed Security Services Market by Type
14.2.3. West and Central India Managed Security Services Market by Organization
14.2.4. West and Central India Managed Security Services Market by Vertical
14.2.5. West and Central India Managed Security Services Market by Distribution Channel
14.3. East India Managed Security Services Market Analysis and Forecast 2019-2028
14.3.1. Regional Market Overview and Key Takeaways
14.3.2. East India Managed Security Services Market by Type
14.3.3. East India Managed Security Services Market by Organization
14.3.4. East India Managed Security Services Market by Vertical
14.3.5. East India Managed Security Services Market by Distribution Channel
14.4. South India Managed Security Services Market Analysis and Forecast 2019-2028
14.4.1. Regional Market Overview and Key Takeaways
14.4.2. South India Managed Security Services Market by Type
14.4.3. South India Managed Security Services Market by Organization
14.4.4. South India Managed Security Services Market by Vertical
14.4.5. South India Managed Security Services Market by Distribution Channel
15.5.18.1. Company Overview
15.5.18.2. Product/Service Offerings
15.5.18.3. Financials
15.5.18.4. Recent Developments
Top 11 players account for more than 50% of the India market in 2021 and rest of the market share is contributed by the other players. RationalStat will provide a comprehensive list of over 100 managed security service providers in the final report.
Managed security services provide monitoring and managing security equipment and systems. Largescale campaigns like Smart Cities Initiative, Digital India, and Make in India are likely to boost managed security service expansion in India; technology trends such as virtualization, Bring Your Own Device (BYOD), cloud and Big Data will expect to serve as key differentiators.
The BFSI segment will dominate the India-managed security market by 2021. BFSI and IT/IT-enabled services (ITeS) are some of India's most prominent users of managed security solutions. They are anticipated to earn substantial revenue in the coming years. Data theft, security breaches, and compromised passwords are typical cyber-attacks that pose a major threat for BFSI businesses.
As technology advances, more sophisticated cybercriminals and cybercrime strategies are also being developed to counter the security measures adopted by India-based BFSI businesses.
This proves that the cybersecurity strategies implemented do not provide enough protection to close the weaknesses in the security of the business security systems.
Although businesses are investing a lot in security procedures and systems, Cyberattacks are constantly evolving concerning sophistication and amplification. The demand for security management services will rise across different industries due to emerging threats and a rapidly changing regulatory environment. The managed service industry in India is largely untapped and is predicted to grow much faster than it is currently experiencing in the US or Europe.
Players operating in the Indian managed security services market are focused on developing growth strategies, collaborations, geographical expansion, and product launches. Players are adopting various strategies to gain a competitive edge and firstmover advantage in the market.
Some of the prominent players that contribute significantly to the growth of the Indian managed security services market include Wipro Ltd, HCL, Paladion, Tech Mahindra, CSC, Dimension Data, Tata Consultancy Services (TCS), HB, IBM Corp., TCL, Reliance Communications, Infosys, Cisco, Nxtra data, McAfee, Capgemini, Accenture, and Cognizant among others.
Primary Sources
Extensive primary interviews were conducted during the research study. Over 120 industry specialists were contacted while conducting the research study to gather market insights. The primary interviews have been conducted with specialists across the value chain ranging from the service providers to end users, across the globe.
Secondary Sources
Annual reports, company filings, investor presentations, product catalogs, white papers, research reports, trade fairs, Robotic Industries Association, International Federation of Robotics, and company documents.
Available industry and market-related documents in the public domain.
Paid database including Bloomberg, Factiva, S&P Capital IQ, FactSet, Refinitiv Eikon, ICIS, EUWID, Thomson Reuters, among others.
Whitepapers, research papers, and industry blogs
The report provides an in-depth analysis of market size, consumption pattern, ongoing market trends and challenges, and future market opportunities. The report will serve as a source for a 360-degree analysis of the market thoroughly delivering insights to clients to find the right answers to their business questions. The report is intended for managed security services providers, ICT players, government organizations, regulatory agencies, and market research firms among others.
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