Managed Security Services Market Research Report 2024

Stringent regulatory compliances and the increasing sophistication levels of cyber-attacks are expected to drive the Managed Security Services (MSS) market.

 The global Managed Security Services market was valued at US$ 21030 million in 2023 and is anticipated to reach US$ 47240 million by 2030, witnessing a CAGR of 11.8% during the forecast period 2024-2030.

North America is expected to hold the largest market size and dominate the MSS market from 2018 to 2023, owing to the early adoption of new and emerging technologies and the presence of a large number of MSSPs in this region.This report aims to provide a comprehensive presentation of the global market for Managed Security Services, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Managed Security Services.

Report Scope

The Managed Security Services market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Managed Security Services market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided. For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments. The report will help the Managed Security Services companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.

Managed Security Services Market Trends

The primary factors driving the expansion of the managed security services market size are anticipated to be rising instances of security breaches and an uptick in threats that endanger both large and small organizational structures. With the expansion of business in terms of scale and organizational structure, the job of information security is getting more complex. Organizations are concerned about the rise in security risks and criminal activity by organized cyber-criminal gangs. Additionally, the administration of data protection is finding itself facing a substantial challenge due to the growing complexity of network architecture.

In many cases, Managed Security Services may assist secure the information assets around-the-clock for a fraction of the expense of in-house security staff by offering industry-leading tools, innovations, and knowledge. The managed security service industry is anticipated to grow faster as a result of this MSS cost-saving feature.

The managed security market size is anticipated to grow over the forecast period due to increased usage by the BFSI sector. All banks and financial organizations must uphold tight data security in order to comply with regulatory requirements for the security of sensitive citizen data. Additionally, many firms are looking for a strong data protection system to defend their reputation.

Managed Security Services Market Analysis

Based on type, the market share for managed security services is predicted to be dominated by terminal security. There are an increasing number of endpoints from which a possible assault can originate as businesses grow their operations in outlying locations. This enables businesses to implement terminal threat detection tools to safeguard their endpoints from online dangers.

Based on the region, the greatest market share for managed security services is anticipated to reside in North America. The early adoption of novel and developing technologies as well as the concentration of MSSPs in North America is credited with this supremacy. The number of managed security service providers in North America is rising due to tight information security requirements.

The forecast period is expected to see the highest growth in the Asia Pacific area. Due to rising IT security investment in nations like China and India, this market is expanding quickly. The movement toward stricter cybersecurity rules is another important aspect influencing the growth of the sector.

• Network Security
• Terminal Security
• Application Security
• Cloud Security

• Financial Services
• Communications Industry
• Public Sector
• Media
• Retail
• Manufacturing
• Medical
• Other

• North America
• United States
• Canada
• Europe
• Germany
• France
• U.K.
• Italy
• Russia
• Nordic
• Rest of Europe
• Asia-Pacific
• China
• Japan
• South Korea
• Southeast Asia
• India
• Australia
• Rest of Asia-Pacific
• Latin America
• Mexico
• Brazil
• Middle East & Africa
• Turkey
• Saudi Arabia
• UAE
• Rest of Middle East & Africa

In the competitive analysis section of the report, leading as well as prominent players of the global Managed Security Services market are broadly studied on the basis of key factors. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on price and revenue (global level) by player for the period 2015-2020.