All updated as on -
With a predicted CAGR of 14.8% from 2023–2030, the worldwide managed security services market is expected to expand from an initial valuation of $23.45B in 2023 to a total value of $77.81B in 2030.
Organizations have found success using managed security service providers as a means to secure their networks, password files, important emails, and internet assets. Consequently, with more and more businesses investing in network protection, managed security services are becoming more popular among businesses of all kinds. In addition, customers can safeguard their data with the help of service providers' trustworthy, efficient, and cost-effective managed security solutions. Businesses may protect their sensitive data and, by extension, their operations, with the help of managed security service providers who offer affordable, reliable, and effective security solutions.
In today's world, information and data are the backbone of every company. Additionally, businesses now prioritize the security of the same. Software for managing threats, vulnerabilities, logs, security information and event management (SIEM), and compliance is becoming more popular as a result. Two of the most crucial instruments for information security are intrusion prevention systems and intrusion detection systems (IDS). In order for this security measure to work, both devices must be connected to the network they are keeping tabs on. The team can avoid wasting time and resources on false positive alerts and get better insights to respond quickly and appropriately to risks when all of these devices are in sync and interconnected. In contrast to intrusion detection and prevention systems, firewalls merely inspect the data traffic itself. When fine-tuned, the system can produce a deluge of alerts, all of which must be carefully watched to determine whether to escalate and explore further, or to disregard as unfounded. The deployment of these cutting-edge solutions across companies is driving the growth of the global managed security services market by assuring the timely detection of threats.
A managed security service's many advantages are enticing businesses of all stripes to sign on. These include, but are not limited to, 24/7 monitoring and management of firewalls and intrusion detection systems, oversight of patch management and upgrades, performance of security assessments and audits, and response to emergencies. Monitor security risks, upgrade systems, and mitigate vulnerabilities at a cheap cost with the help of MSSPs' knowledge, skills, and an extensive collection of tools and technology. The correct security layers, such as firewalls, anti-malware, anti-phishing, credential managers, identity and access management (IAM) solutions, and software patches, can help keep sensitive company data safe. Managed service providers keep a constant eye on the network and assets, employing specialized tools like AI to spot irregularities and prevent unanticipated interruptions.
Unfortunately, many MSSPs are limited to just monitoring security logs, meaning they can't conduct thorough investigations into security incidents. Integrating with client processes like access management and change management is essential for MSSPs. Having access to security technologies like endpoint protection and Microsoft Cloud App Security helps avoid false positives and provides customers with useful notifications. Because MSSP services are based on proprietary security solutions, they may not always work with the client's current software. A great deal of needless false positives and threat warnings might occur since these technologies do not have visibility into all security logs or environments. A company's security posture might be compromised if its security tools are not integrated and do not work with one other.
The growing number of cybersecurity risks that companies of all sizes are facing is a major factor propelling the Managed Security Services (MSS) Market CAGR. Businesses must prioritize the development of effective security solutions due to the increasing frequency, sophistication, and severity of cyber attacks. Malware, ransomware, phishing, social engineering, and insider threats are just a few examples of the numerous cybersecurity dangers that exist. Data loss, financial losses, reputational harm, legal responsibility, and interruptions in company operations are just some of the negative outcomes that can arise from these dangers.
According to HIPAA, more than 5.2 million patient records were compromised in three separate data breaches that affected the US healthcare industry. Businesses like AccudocSolutions, UnityPoint Health, and the Texas Employees Retirement System were impacted by these hacks. Taking advantage of the interconnected nature of the internet, hackers increasingly aim their attacks at infrastructure, systems, and networks. People, companies, and governments all throughout the globe have felt the social and economic effects of this. The most common forms of cybercrime are data breaches, phishing, and ransomware, however new forms of cybercrime are always appearing. As they learn to use new technology and modify their attacks based on their targets, cybercriminals are getting smarter and more coordinated.
Report Coverage
Global Managed Security Services research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Managed Security Services report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Managed Security Services competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Managed Security Services market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Managed Security Services market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Managed Security Services market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
IBM (U.S.), AT&T (U.S.), NTT (Japan), Accenture (Ireland), DXC Technology (U.S.), SecureWorks (U.S.), Security (Switzerland), Proficio (U.S.), CrowdStrike Trustwave (U.S.), Atos (France), Orange Cyberdefense (France), Fujitsu (Japan), Kudelski (U.S.)
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Managed Security Services market based on the below-mentioned segments:
Global Managed Security Services Market, By Enterprises Size
Large Enterprises
Small & Medium-sized Enterprises
Global Managed Security Services market, By Application
Managed IPS and IDS
Distributed Denial of Services (DDoS)
Unified Threat Management (UTM)
Secured Information & Event Management (SIEM)
Firewall Management
Endpoint Security
Others
Global Managed Security Services Market, By Vertical
BFSI
Healthcare
Manufacturing
Retail
Telecom & IT
Others
Global Managed Security Services market, Regional Analysis
Organizations have found success using managed security service providers as a means to secure their networks, password files, important emails, and internet assets. Consequently, with more and more businesses investing in network protection, managed security services are becoming more popular among businesses of all kinds. In addition, customers can safeguard their data with the help of service providers' trustworthy, efficient, and cost-effective managed security solutions. Businesses may protect their sensitive data and, by extension, their operations, with the help of managed security service providers who offer affordable, reliable, and effective security solutions.
In today's world, information and data are the backbone of every company. Additionally, businesses now prioritize the security of the same. Software for managing threats, vulnerabilities, logs, security information and event management (SIEM), and compliance is becoming more popular as a result. Two of the most crucial instruments for information security are intrusion prevention systems and intrusion detection systems (IDS). In order for this security measure to work, both devices must be connected to the network they are keeping tabs on. The team can avoid wasting time and resources on false positive alerts and get better insights to respond quickly and appropriately to risks when all of these devices are in sync and interconnected. In contrast to intrusion detection and prevention systems, firewalls merely inspect the data traffic itself. When fine-tuned, the system can produce a deluge of alerts, all of which must be carefully watched to determine whether to escalate and explore further, or to disregard as unfounded. The deployment of these cutting-edge solutions across companies is driving the growth of the global managed security services market by assuring the timely detection of threats.
A managed security service's many advantages are enticing businesses of all stripes to sign on. These include, but are not limited to, 24/7 monitoring and management of firewalls and intrusion detection systems, oversight of patch management and upgrades, performance of security assessments and audits, and response to emergencies. Monitor security risks, upgrade systems, and mitigate vulnerabilities at a cheap cost with the help of MSSPs' knowledge, skills, and an extensive collection of tools and technology. The correct security layers, such as firewalls, anti-malware, anti-phishing, credential managers, identity and access management (IAM) solutions, and software patches, can help keep sensitive company data safe. Managed service providers keep a constant eye on the network and assets, employing specialized tools like AI to spot irregularities and prevent unanticipated interruptions.
Unfortunately, many MSSPs are limited to just monitoring security logs, meaning they can't conduct thorough investigations into security incidents. Integrating with client processes like access management and change management is essential for MSSPs. Having access to security technologies like endpoint protection and Microsoft Cloud App Security helps avoid false positives and provides customers with useful notifications. Because MSSP services are based on proprietary security solutions, they may not always work with the client's current software. A great deal of needless false positives and threat warnings might occur since these technologies do not have visibility into all security logs or environments. A company's security posture might be compromised if its security tools are not integrated and do not work with one other.
The growing number of cybersecurity risks that companies of all sizes are facing is a major factor propelling the Managed Security Services (MSS) Market CAGR. Businesses must prioritize the development of effective security solutions due to the increasing frequency, sophistication, and severity of cyber attacks. Malware, ransomware, phishing, social engineering, and insider threats are just a few examples of the numerous cybersecurity dangers that exist. Data loss, financial losses, reputational harm, legal responsibility, and interruptions in company operations are just some of the negative outcomes that can arise from these dangers.
According to HIPAA, more than 5.2 million patient records were compromised in three separate data breaches that affected the US healthcare industry. Businesses like AccudocSolutions, UnityPoint Health, and the Texas Employees Retirement System were impacted by these hacks. Taking advantage of the interconnected nature of the internet, hackers increasingly aim their attacks at infrastructure, systems, and networks. People, companies, and governments all throughout the globe have felt the social and economic effects of this. The most common forms of cybercrime are data breaches, phishing, and ransomware, however new forms of cybercrime are always appearing. As they learn to use new technology and modify their attacks based on their targets, cybercriminals are getting smarter and more coordinated.
Report Coverage
Global Managed Security Services research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Managed Security Services report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Managed Security Services competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Managed Security Services market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | IBM (U.S.), AT&T (U.S.), NTT (Japan), Accenture (Ireland), DXC Technology (U.S.), SecureWorks (U.S.), Security (Switzerland), Proficio (U.S.), CrowdStrike Trustwave (U.S.), Atos (France), Orange Cyberdefense (France), Fujitsu (Japan), Kudelski (U.S.) |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Managed Security Services Market from 2021 to 2030.
- Market Forecast for Managed Security Services Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Managed Security Services competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Managed Security Services
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Managed Security Services market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Managed Security Services market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
IBM (U.S.), AT&T (U.S.), NTT (Japan), Accenture (Ireland), DXC Technology (U.S.), SecureWorks (U.S.), Security (Switzerland), Proficio (U.S.), CrowdStrike Trustwave (U.S.), Atos (France), Orange Cyberdefense (France), Fujitsu (Japan), Kudelski (U.S.)
Primary Target Market
- Market Players of Managed Security Services
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Managed Security Services market based on the below-mentioned segments:
Global Managed Security Services Market, By Enterprises Size
Large Enterprises
Small & Medium-sized Enterprises
Global Managed Security Services market, By Application
Managed IPS and IDS
Distributed Denial of Services (DDoS)
Unified Threat Management (UTM)
Secured Information & Event Management (SIEM)
Firewall Management
Endpoint Security
Others
Global Managed Security Services Market, By Vertical
BFSI
Healthcare
Manufacturing
Retail
Telecom & IT
Others
Global Managed Security Services market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
You will get in-depth and extensive managed security services market market research and competitor analysis for your business to help you develop more profound insights into the managed security services market Market.
Through INFINITIVE Data Expert is a professional Market Research services, I will identify the managed security services market market size, demand & opportunities, growth rate, and target audience with a comprehensive analysis of your competitors.