Global Managed Security Services Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Type;

DDoS, Managed SIEM, Managed Endpoint Threat Detection, Managed Two-Factor Authentication, Compliance Management, Vulnerability Management, and Others.

By Deployment Model;

Cloud-Based and On-Premise.

By Organization Size;

SMEs and Large Enterprises.

By Industry Vertical;

BFSI, Telecom & IT, Retail, Healthcare, Government & Defense, Manufacturing, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn862304552 Published Date: April, 2024 Updated Date: May, 2024

Introduction

Global Managed Security Services Market (USD Million), 2020 - 2030

In the year 2023, the Global Managed Security Services Market was valued at USD 29,559.38 million. The size of this market is expected to increase to USD 73,061.93 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 13.8%.

The Global Managed Security Services (MSS) Market has experienced remarkable growth in recent years, driven by the escalating frequency and sophistication of cyber threats, coupled with the growing complexity of IT environments. Managed Security Services encompass a range of outsourced security solutions and services designed to protect organizations from a myriad of cyber risks, including malware, ransomware, data breaches, and insider threats. These services are delivered by specialized Managed Security Service Providers (MSSPs), who leverage advanced technologies, threat intelligence, and expertise to proactively detect, prevent, and respond to security incidents on behalf of their clients.

One of the primary drivers propelling the growth of the Global Managed Security Services Market is the escalating cyber threat landscape, characterized by an evolving array of sophisticated attacks targeting organizations of all sizes and industries. Cybercriminals are increasingly leveraging advanced techniques such as ransomware-as-a-service, fileless malware, and supply chain attacks to exploit vulnerabilities in IT infrastructure and steal sensitive data for financial gain or malicious purposes. As a result, organizations are turning to MSSPs to bolster their security defenses, augment their internal capabilities, and stay ahead of emerging threats in an ever-changing threat landscape.

The shortage of skilled cybersecurity professionals and the increasing cost of cybersecurity tools and technologies have further accelerated the adoption of Managed Security Services. Many organizations struggle to recruit and retain qualified cybersecurity talent due to a global shortage of skilled professionals and the competitive nature of the cybersecurity job market. By partnering with MSSPs, organizations can access a team of dedicated security experts with specialized skills and knowledge, without the overhead costs associated with hiring and training in-house personnel. This allows organizations to augment their security capabilities, enhance their threat detection and response capabilities, and achieve a higher level of security maturity in a cost-effective manner.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Deployment Model
    3. Market Snapshot, By Organization Size
    4. Market Snapshot, By Industry Vertical
    5. Market Snapshot, By Region
  4. Global Managed Security Services Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Escalating Cyber Threat Landscape
        2. Increasing Complexity of IT Environments
        3. Digital Transformation Initiatives
        4. Cloud Adoption
        5. Remote Workforce
      2. Restraints
        1. Budget Constraints
        2. Lack of Awareness
        3. Concerns About Data Privacy
        4. Integration Challenges
        5. Complexity of Security Solutions
      3. Opportunities
        1. Industry-specific Solutions
        2. Small and Medium-sized Enterprises (SMEs) Adoption
        3. Regulatory Compliance Solutions
        4. Growing Cybersecurity Awareness
        5. Managed Detection and Response (MDR)
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Managed Security Services Market, By Type, 2022 - 2032 (USD Million)
      1. DDoS
      2. Managed SIEM
      3. Managed endpoint threat detection
      4. Managed two-factor authentication
      5. Compliance management
      6. Vulnerability management
      7. Others
    2. Global Managed Security Services Market, By Deployment Model, 2022 - 2032 (USD Million)
      1. Cloud-based
      2. On-premise
    3. Global Managed Security Services Market, By Organization Size, 2022 - 2032 (USD Million)
      1. SMEs
      2. Large Enterprises
    4. Global Managed Security Services Market, By Industry Vertical, 2022 - 2032 (USD Million)
      1. BFSI
      2. Telecom & IT
      3. Retail
      4. Healthcare
      5. Government & Defense
      6. Manufacturing
      7. Others
    5. Global Managed Security Services Market, By Geography, 2022 - 2032 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. AT&T Inc.
      2. BAE Systems, Inc
      3. BT Group Plc
      4. CenturyLink Inc
      5. Check Point Software Technologies Ltd
      6. Cisco Systems Inc
      7. Computer Science Corporation
      8. Dell SecureWorks Inc
      9. Hewlett-Packard Enterprise
      10. IBM Corporation
      11. Intel Security Group
  7. Analyst Views
  8. Future Outlook of the Market

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