Managed Security Service Market Size to Reach USD 72.3 Billion, With a CAGR of 13.9% by 2030 – Report by Market Research Future (MRFR)
Research Reports
Mar 23, 2023
Market Research Future Highlights
Global Managed Security Services Market is valued at USD 32.04 Billion in 2021 and expected to reach USD 72.3 Billion by 2030 with a CAGR of 13.9% over the forecast period 2033-2030.
The Managed Security Service (MSS) market refers to the industry that provides outsourced cybersecurity solutions to businesses and organizations. Managed security service providers (MSSPs) offer a range of services, including threat detection, incident response, vulnerability management, compliance monitoring, and others.
MSSPs use advanced technologies such as artificial intelligence (AI) and machine learning (ML) to provide proactive and real-time security monitoring, management, and support. The market size and demand for these services are increasing due to the growing threat of cyber attacks and the need for businesses to comply with regulations and protect their sensitive data.
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The market is expected to continue to grow in the future, as businesses of all sizes increasingly rely on digital technology and face new security threats.
Managed Security Services Market: Report Scope:
| Parameter | Details |
| Revenue Forecast in 2030: | USD 72.3 Billion |
| Growth Rate: | CAGR of 13.9% from 2023 to 2030 |
| Forecast Period: | 2023 -2030 |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
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Regional Analysis
The demand for managed security services (MSS) can vary significantly by region, depending on factors such as the level of cybersecurity threat, regulatory requirements, and the level of technology adoption. Here are some examples of regional analysis of the MSS market:
North America: North America is the largest market for managed security services, due to the high number of cybersecurity attacks and strict regulatory requirements. The United States is the biggest contributor to the market.
Europe: The European market for managed security services is driven by the growing adoption of cloud technology and the need for compliance with the General Data Protection Regulation (GDPR).
Asia-Pacific: The Asia-Pacific region is experiencing significant growth in the managed security service market due to the increasing number of cyber-attacks, growing technology adoption, and regulatory requirements. Japan, China, and India are the leading countries in the region.
Middle East and Africa: The Middle East and Africa market for managed security services is driven by the growth in cloud adoption and the increasing number of cyber-attacks.
Latin America: The Latin American market for managed security services is growing due to the increasing number of cyber-attacks and regulatory requirements. Brazil, Mexico, and Argentina are the major contributors to the market.
These regional differences can impact the demand for specific types of services and the pricing of MSS. MSS providers must consider these regional differences and tailor their offerings accordingly to stay competitive in the market.
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Market Segmentation
The Managed Security Service (MSS) market can be segmented based on various factors, including service type, organization size, industry vertical, and geography. Here are some examples of market segmentation in the MSS market:
Service type: The MSS market can be segmented based on the type of service offered, such as threat detection, incident response, vulnerability management, compliance monitoring, and others.
Organization size: The market can be segmented based on the size of the organization that requires MSS, such as small and medium-sized businesses (SMBs) and large enterprises.
Industry vertical: The market can also be segmented based on the industry vertical that requires MSS, such as healthcare, financial services, government, retail, and others.
Geography: The market can also be segmented based on geographical regions such as North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America.
Market segmentation helps MSS providers to better understand the needs of their clients and offer services that are tailored to their specific requirements. It also enables providers to identify new market opportunities and stay ahead of the competition by offering innovative and differentiated services.
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Key Players
The Managed Security Service (MSS) market is highly competitive, and there are many key players in the industry, ranging from large multinational corporations to small and mid-sized enterprises. Here are some examples of key players in the MSS market:
- IBM Corporation
- SecureWorks, Inc.
- AT&T Inc.
- Dell SecureWorks
- Trustwave Holdings, Inc.
- Verizon Communications Inc.
- Symantec Corporation
- CenturyLink, Inc.
- Wipro Limited, DXC Technology
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