Telecom and IT vertical dominates the managed security service market

One can observe that, currently, telecom and IT vertical dominates the managed security service market. According to Research and Markets, this is attributed to high amiability of telecom and IT industry towards evolving network technologies to support internal and external business operations and relationships with stakeholders.

The firm also revealed that, the global managed network services market was estimated USD 39.24 billion in 2016 and expected to reach USD 60.87 billion by the end of 2021, with a CAGR of 9.2% from 2015 to 2021.