Morocco Managed Security Services Market to Record a CAGR of Approximately 8.58% during 2024-30

MarkNtel Advisors recently published a research report, where they highlighted that the Morocco Managed Security Services Market is anticipated to grow at a CAGR of 8.58% during the forecast period of 2024-30. The Morocco Managed Security Services Market has grown notably due to the rising requirement for effective cybersecurity solutions given the swift digitalization of numerous sectors. The extended economic and political stance of Morocco has stimulated the progress of business in vital industries such as IT, Healthcare, and BFSI coupled with the acceleration of digital transformation in this sector, causing an increase in digital processes and the storage of data.

The report further mentions that the inclination of end-user companies towards cloud-based security solutions has risen due to the various benefits offered by them such as improved productivity, adaptability, scalability, affordability, and innovation. Moreover, cloud-based solutions are also cost-effective solutions since they are adopted by organizations to avert added costs and maintenance fees for on-premises storage hardware. The Managed Security Services Market is also likely to witness growth owing to the mounting inclination towards cloud-based security solutions.

Breaking Down the Diverse Segmentation of the Morocco Managed Security Services Market

By Service Type (Managed UTM (Unified Threat Management), Managed DDoS (Distributed Denial of Service), Managed SIEM (Security Information Event Management), Managed XDR (Extended Detection and Response), Managed IAM (Identity Access Management), and Others (Managed Encryption Services, Managed Security Consulting, etc.))
By Type (Fully Managed Security Services and Co-Managed Security Services)
By Deployment (On-Premise and Cloud)
By Security Type (Network Security, Cloud Security, End Point Security, and Application Security)
By Organization Size (Small Medium Enterprises and Large Enterprises)
By Service Provider (IT Service Providers, Managed Security Specialist, and Telecom Service Provider)
By Vertical (BFSI, Healthcare, Government, IT Telecom, Retail E-Commerce, Oil Gas, Energy Utilities, and Others (Education, Hospitality, etc.))
By Region (North, Central, and South)

Major Contenders Holding a Substantial Market Share in the Morocco Managed Security Services Market

IBM, Accenture, NTT Data, AT T, ATOS Group, Orange Cyberdefense, Fujitsu, Dataprotect, Secmentis, Thales Group, Akamai, and Others, are among the top companies in the Morocco Managed Security Services Market. The above-mentioned companies hold a significant share of the market and are constantly working to elevate their market position.

Morocco Managed Security Services Market is Fueled by the Increasing Cases of Cyber Threats

Numerous end-user industries such as BFSI, Healthcare, IT Telecom, and others have become more prone to cyberattacks such as phishing, and denial-of-service attacks, etc., given the continuous digital evolution and transformation in these industries along with the rising private investments and government initiatives. The constant threat of cyberattacks in these industries has propelled them to adopt cybersecurity solutions such as endpoint security, information security, cloud security, etc., further boosting the Morocco Managed Security Services Market substantially.

Necessity of Managed Security Services is Likely to Proliferate Owing to the Expansion of Data Centers

The increasing mandate for digital services enhanced technological infrastructure and escalated foreign investments in diverse segments, including technology and telecommunications has led to an upswing in the setting up of data centers across the country in the latest years. The investments done in the country enabled the setup of numerous companies such as Dalrada Technologies, Workhy, etc., resulting in the production of multitudinous data further boosting the demand for Managed Security Services. The expansion of data centers in Morocco is steadily intensifying to accumulate enormous amounts of data and process and analyze data at scale driving the need for effective cybersecurity solutions.

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