Press Release

Romania Managed Security Services Market to Cross $160 Million by 2022

Growing cyber security threats, increasing number of SMEs coupled with growing focus towards security to drive Romania managed security services market through 2022

According to TechSci Research report, Romania Managed Security Services Market By Deployment Mode, By End User, By Application, Competition Forecast and Opportunities, 2012 - 2022”, managed security services (MSS) market in Romania is projected to cross $ 160 million by 2022, on account of growing concerns pertaining to compromised IP addresses in BFSI, IT & telecom, retail and government sectors. Rising demand for managed security services from various sectors across the country can be attributed to increasing need to adopt various cyber security measures to safeguard sensitive data. Moreover, implementation of government initiatives to create a solid framework to monitor and prevent cyberattacks coupled with growing need to support large individual players in utilizing managed security services to safeguard their IT infrastructure is projected to propel growth in Romania managed security services market during the forecast period.

Browse 17 market data Tables and 24 Figures spread through 111 Pages and an in-depth TOC on "Romania Managed Security Services Market"

With increasing trend of online shopping and growing number of internet users, cybersecurity is emerging as a key concern for various end user industries as well as government organizations. Internet user base in Romania increased from about 9.15 million in 2012 to 11.23 million in 2016. Total number of smartphone users in the country increased from 6.27 million in 2014 to 7.93 million in 2016. Growing BYOD concept and rising need to safeguard critical data is driving Romania MSS market. In order to combat threats from cyberattacks, government has taken initiatives to create a vigilant monitoring system to counter these attacks and this is anticipated to boost growth in Romania managed security services market over the course of next five years.

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“In Romania, over 40% of the country’s GDP emanates from the IT sector. However, IT and telecom sector is extremely vulnerable to cyberattacks, owing to poor government security infrastructure and policies for the protection public and private organizations. Growing need for cybersecurity to secure confidential data is anticipated to boost need for upgradation of existing cybersecurity infrastructure and deploy advanced managed security services in Romania. This is anticipated to propel growth in the country’s managed security services market through 2022.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

Romania Managed Security Services Market, By Deployment Mode, By End User, By Application, Competition Forecast and Opportunities, 2012 - 2022has evaluated the future growth potential managed security services (MSS) in Romania and provides statistics and information on market structure, size, share and future growth along with information on the key players. The report is intended to provide cutting-edge market intelligence and help decision makers to take sound investment evaluation. Besides, the report also identifies and analyzes emerging trends along with essential drivers, challenges and opportunities present in Romania managed security services (MSS) market.

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