The global market for Managed Security Services is estimated at US$57.0 Billion in 2023 and is projected to reach US$124.1 Billion by 2030, growing at a CAGR of 11.7% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the Managed Security Services market is driven by several factors that reflect the increasing importance of cybersecurity in business operations. One of the primary drivers is the rising frequency and sophistication of cyber attacks, which is prompting organizations to seek advanced security solutions. The growing complexity of IT environments, characterized by the widespread adoption of cloud services, remote work arrangements, and IoT devices, is also fueling demand for MSS as businesses struggle to manage security internally. Regulatory requirements and compliance mandates are further pushing organizations to adopt managed security services to ensure they meet industry standards and avoid penalties.
Additionally, the shortage of skilled cybersecurity professionals is leading many companies to outsource their security needs to MSS providers who can offer the necessary expertise and resources. These factors, combined with technological advancements in AI, ML, and cloud computing, are propelling the managed security services market forward, making it an essential component of modern business strategy.
The growth in the Managed Security Services market is driven by several factors that reflect the increasing importance of cybersecurity in business operations. One of the primary drivers is the rising frequency and sophistication of cyber attacks, which is prompting organizations to seek advanced security solutions. The growing complexity of IT environments, characterized by the widespread adoption of cloud services, remote work arrangements, and IoT devices, is also fueling demand for MSS as businesses struggle to manage security internally. Regulatory requirements and compliance mandates are further pushing organizations to adopt managed security services to ensure they meet industry standards and avoid penalties.
Additionally, the shortage of skilled cybersecurity professionals is leading many companies to outsource their security needs to MSS providers who can offer the necessary expertise and resources. These factors, combined with technological advancements in AI, ML, and cloud computing, are propelling the managed security services market forward, making it an essential component of modern business strategy.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Identity & Access Management segment, which is expected to reach US$29.9 Billion by 2030 with a CAGR of a 11.0%. The Antivirus / Anti-Malware segment is also set to grow at 11.6% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $15.4 Billion in 2023, and China, forecasted to grow at an impressive 16.0% CAGR to reach $28.1 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Managed Security Services Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Managed Security Services Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Managed Security Services Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as AT&T, Inc., Avaya Inc., BT Group plc, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 53 Featured):
- AT&T, Inc.
- Avaya Inc.
- BT Group plc
- CenturyLink
- Check Point Software Technologies Ltd.
- Cisco Systems Inc.
- Deutsche Telekom AG
- DXC Technology Co.,
- Fortinet Inc.
- H3C Technologies Co. Ltd.
- IBM Corp.
- Juniper Networks Inc.
- McAfee Inc.
- Qualys Inc.
- SecureWorks Inc.
- SonicWall Inc.
- Symantec Corporation
- Trustwave Holdings Inc.
- UBIqube Solutions
- Unisys Corporation
- Verizon Enterprise Solutions
- WatchGuard Technologies Inc.
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISCANADAITALYSPAINRUSSIAREST OF EUROPESOUTH KOREAREST OF ASIA-PACIFICARGENTINABRAZILMEXICOREST OF LATIN AMERICAIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
UNITED KINGDOM
ASIA-PACIFIC
AUSTRALIA
INDIA
LATIN AMERICA
MIDDLE EAST
AFRICA
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- AT&T, Inc.
- Avaya Inc.
- BT Group plc
- CenturyLink
- Check Point Software Technologies Ltd.
- Cisco Systems Inc.
- Deutsche Telekom AG
- DXC Technology Co.,
- Fortinet Inc.
- H3C Technologies Co. Ltd.
- IBM Corp.
- Juniper Networks Inc.
- McAfee Inc.
- Qualys Inc.
- SecureWorks Inc.
- SonicWall Inc.
- Symantec Corporation
- Trustwave Holdings Inc.
- UBIqube Solutions
- Unisys Corporation
- Verizon Enterprise Solutions
- WatchGuard Technologies Inc.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 199 |
| Published | October 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 57 Billion |
| Forecasted Market Value ( USD | $ 124.1 Billion |
| Compound Annual Growth Rate | 11.7% |
| Regions Covered | Global |
