The Europe Security Services Market report segments the industry into By Service Type (Managed Security Services, Professional Security Services, Consulting Services, Threat Intelligence Security Services), By Mode of Deployment (On-premise, Cloud), By End-user Industry (IT and Infrastructure, Government, Industrial, Healthcare, and more) and By Country (United Kingdom, Germany, France, Italy, Spain).

The Europe Information Technology (IT) Security as a Service Market would witness market growth of 12.3% CAGR during the forecast period (2023-2030). Cloud-based firewalls are one example of IT security services that monitor and restrict incoming and outgoing network traffic based on predetermined

With guard and patrol services, armoured car operations and advanced surveillance solutions at its core, the industry has responded rapidly to evolving threats and operational demands. Large-scale occasions like the 2024 Paris Olympics and the UEFA European Football Championship have fuelled revenue spikes, with security budgets and staffing reaching historic highs. At the same time, persistent jumps in retail crime and a strained public law enforcement capacity have nudged businesses and authorities toward a broader reliance on private security providers. Private security revenue is projected to mount at a compound annual rate of 1.9% to €76.5 billion over the five years through 2025, including a hike of 1.6% in 2025. The industry has largely ridden on the back of high-profile events and structural societal changes. Companies like Securitas AB and G4S have capitalised on the need for sophisticated risk assessment, remote monitoring and hybrid security solutions. Investments in AI, predictive analytics and drone patrols have enabled more efficient, responsive operations, while heightened sophistication in criminal tactics, like shoplifting rings spanning countries, has driven private security providers to integrate deeper intelligence-sharing and collaboration with law enforcement. Meanwhile, public sectors across most European regions have increasingly contracted private security in critical infrastructure protection, spurred in part by revised EU directives and national procurement reforms, which have cemented private security’s role within Europe’s broader security ecosystem. However, the traditional armoured car segment faces mounting pressure as cash usage declines precipitously, particularly in Northern Europe. The ongoing shift towards a cashless economy will continue to erode demand for cash-in-transit, though regulatory commitments to preserve cash access should provide a partial offset. The industry’s growth will be supported by technology-led solutions, AI surveillance, digital access control, cybersecurity and integrated threat management. The EU’s AI Act launched in 2024 provides clearer guardrails for innovation, particularly in smart surveillance and crowd analytics. Revenue is projected to swell at a compound annual rate of 5.8% over the five years through 2030 to €101.5 billion. Economic recovery and stable inflation across Europe promise to lift business sentiment, prompting higher-value, multi-year contracts, especially in sectors like retail, construction and public infrastructure. Yet, efficiency gains from automation and digitalisation could further dampen the need for on-site personnel, shifting cost structures from labour towards technology investment. Private security providers that invest in digital capability, agile service provision and compliance with evolving regulatory frameworks are likely to outperform in an increasingly competitive landscape.

The Europe Physical Security Market report segments the industry into By System Type (Video Surveillance System, Physical Access Control System (PACS), and more.), By Service Type (Access Control as a Service (ACaaS), Video Surveillance as a Service (VSaaS)), By Type of Deployment (On-Premises, Cloud), By Organization Size (SMEs, Large Enterprises), By End-user Industry, and By Country (United Kingdom, and more.).

Europe SOC-As-A-Service Market Report is Segmented by Organization Size (SMEs, Large Enterprises), by End -User (IT and Telecom, BFSI, Retail and Consumer Goods, Healthcare, Manufacturing, Government, and Other End Users), by Country (Austria, Bulgaria, Belarus, Croatia, Slovenia, Germany, and Rest of Europe). The Market Sizes and Forecasts are Provided in Terms of Value in USD for all the Above Segments.

Private security systems remain integral to national security strategies. Developments such as terror attacks and civil unrest motivate governments to enhance surveillance and update ageing security systems. In 2020, the EU formulated a new Security Union Strategy to bolster early detection capabilities and facilitate stakeholder cooperation. This initiative allocates around €1.5 billion in annual funding to EU counter-terrorism agencies and an additional €1.9 billion to national counter-terrorism bodies. The EU's government spending on public safety and order increased by 20.7% between 2016 and 2021, reaching €252.8 billion. Overall, security systems revenue in Europe is projected to shrink at a compound annual rate of 4.5% over the five years through 2024, including an estimated decline of 1.1% in 2024 to €13.8 billion. While government demand has swelled, household demand for security systems may have slowed due to continuously dropping burglary rates across the region. Police recorded burglaries fell significantly between 2016 and 2021 in almost all EU member states, including Germany and France. As public concerns over break-ins drop, households might choose automatic systems or forego security services to save money. The rising construction market in Europe will likely uphold demand for security systems. Building projects offer major opportunities for security system providers, which can provide integrated security into the finished constructions as well as the construction site itself. However, as the digital world expands, cybercrime is expected to become a growing concern, exploiting weak cybersecurity systems in households. As a result, the focus may shift from conventional security services to cyber-oriented ones. This transition might negatively impact the growth of traditional security service providers. Nevertheless, security system revenue in Europe is forecast to swell at a compound annual rate of 5.0% over the five years through 2029, reaching €17.6 billion.

The European cyber security market is anticipated to reach $XX million by 2033, expanding at a CAGR of 12.3% from 2025 to 2033. The growing prevalence of cyber threats, coupled with increasing digitalization across industries, is driving the market's expansion. Government initiatives to enhance cybersecurity measures further contribute to market growth. Key trends shaping the European cyber security market include the adoption of cloud-based solutions, the rise of artificial intelligence (AI) in cybersecurity, and the growing importance of data privacy regulations. The market is segmented based on component, security type, solution, service, deployment, organization size, vertical, and country. Major companies operating in the European cyber security market include Sophos Ltd., Darktrace Holdings Limited, F-Secure, STORMSHIELD, SHIELD AI Technologies Pte. Ltd., Bitdefender, Bridewell, SecurityHQ, Hacken.io, and InfoGuard AG. Recent developments include: In May 2024, Sophos Ltd., a renowned next-gen cyber security solutions provider, announced its most recent distribution agreement with one of the leading technology platforms and trustworthy experts in cyber security, Infinigate. As its prime distributor in Europe, the Middle East, and Africa, Infinigate is expected to play a vital role in Sophos’s expansion plans on the UK cyber security market. , In April 2024, Darktrace, one of the global service providers in cybersecurity AI, launched its latest innovation-backed product, Darktrace ActiveAI Security Platform. Its newly launched product uses AI to convert cyber security operations from reactive nature to proactive nature which enhances the resilience to potential cyber threats. .

The SECaaS Market report segments the industry into By Solution (Identity and Access Management, Secure Email Gateway, Secure Web Gateway, Vulnerability Management, Security Information and Event Management, Application Security Testing, Other Solutions), By Organization Size (Small and Medium Enterprises, Large Enterprises), and Geography (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa).

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Security Services Market Size 2025-2029

The security services market size is forecast to increase by USD 51.1 billion at a CAGR of 5.6% between 2024 and 2029.

The market is experiencing significant growth, driven by the escalating number of data breaches and cyber-attacks worldwide. A key trend shaping the market is the integration of Artificial Intelligence (AI) and Machine Learning (ML) technologies to enhance security capabilities and improve threat detection. However, the high initial cost of implementing these advanced security solutions poses a challenge for smaller organizations. The market is also driven by the adoption of Big Data, Artificial Intelligence, Machine Learning, and IoT integration, which generate vast amounts of data that require protection.
Regulatory hurdles also impact adoption, as stringent compliance requirements add complexity to security service implementation. To capitalize on market opportunities, companies must focus on offering cost-effective, customizable solutions that cater to various organizational sizes and regulatory environments. Effective navigation of these challenges requires a strategic approach, including partnerships with technology providers and a strong understanding of evolving regulatory requirements.

What will be the Size of the Security Services Market during the forecast period?

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In the dynamic market, organizations prioritize robust Security Information Management (SIM) solutions to monitor and analyze complex data patterns. Data Breach Notification (DBN) regulations mandate swift response to security incidents, driving the need for advanced Security Incident Management (SIM) and Automation (SOA) tools. Behavior Analytics (BA) and Threat Hunting enable Security Analysts and Cybersecurity Professionals to proactively detect and mitigate threats. Security Certifications, such as CISSP and CISM, ensure a competent workforce. Zero Trust models strengthen the Security Posture by verifying every user and device request. Patch Management and Data Leakage Prevention are essential components of Vulnerability Management. Cybersecurity Insurance, Data Governance, and Privileged Access Management are critical elements of a comprehensive security strategy. The market is also influenced by the need for proactive cybersecurity measures, such as Behavioral Analytics, Malware Detection Solutions, and Multi-factor Authentication, to mitigate human errors and misconfigured devices.
Security Training, Security Awareness Programs, Ethical Hacking, and Security Logging are ongoing investments to maintain a strong Cybersecurity Framework. Incident Response Planning and Business Impact Analysis are crucial for minimizing damage in the event of a breach. NIST Cybersecurity Framework provides a standardized approach for managing risk. Security Engineers and Security Training are vital for maintaining a strong Security Posture.

How is this Security Services Industry segmented?

The security services industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  SaaS security services
  Managed security services
  Security consulting services
  Threat intelligence security services


Application

  BFSI
  Healthcare
  IT and telecom
  Others


Deployment

  Services
  Software


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  APAC

    China
    India
    Japan
    South Korea


  Rest of World (ROW)

By Type Insights

The SaaS security services segment is estimated to witness significant growth during the forecast period. The market is witnessing significant growth due to the increasing adoption of advanced technologies and the shifting focus towards cloud-based solutions. Software as a Service (SaaS) offers enterprises cost optimization benefits, high automation, and scalability, making it a preferred choice for businesses. The surge in SaaS applications usage among enterprises is driving the demand for SaaS security services. These services help secure operations and confidential data from other companies, enabling a rapid return on investment (ROI). Enterprises are investing heavily in SaaS solutions to free up organizational resources and focus on their core services. The declining cost of services is another key trend contributing to the growth in the demand for SaaS security services. The cybersecurity landscape is continually evolving, necessitating proactive measures like Data Loss Prevention, encryption, intrusion management, vulnerability scanning, and continuous monitoring.

Physical security and perimeter security continue to be essential components of comprehensive security strategies. Malware detection and vulnerability

Europe Security Testing Market is segmented By Deployment, By Service (Application Security Testing, Network Security Testing), By Testing Tools (Penetration Testing Tools, Software Testing Tools, Web Testing Tools, Code Review Tools), Industry, and Geography.

Europe Public Cloud Managed Service market will be USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.8% from 2024 to 2031. Increasing adoption of cloud technologies are expected to aid the sales to USD XX million by 2031

The size of the Europe Managed Services Market was valued at USD XXX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 13.94% during the forecast period.Managed services refer to the outsourcing of IT functions and operations to a third-party service provider. It would enable businesses to focus on core competencies, while experts managed their IT infrastructure, applications, and other IT-related tasks. Managed services range from the management of the network, the data center, security, and cloud computing up to IT support. The Europe managed services market is driven by several factors, which include the increase in adoption of cloud computing, the growing need for IT security, and the growing desire of business to reduce their costs and be more efficient. Recent developments include: November 2023: Netskope, a player in Secure Access Service Edge (SASE), and Telstra International, the global arm of telecommunications and technology company Telstra, today announced the expansion of their partnership to enable Telstra to deliver fully managed Netskope cloud-native Secure Access Service Edge (SASE) —including Zero Trust Network Access (ZTNA) services—to organizations globally. Customers worldwide use Telstra's managed security services to help address the changing needs of the digital workplace and mitigate the ever-evolving cyber threats landscape., In February 2023, Infosys, a leading provider of next-generation digital services and consulting, entered into a strategic collaboration with ng-voice GmbH, a provider of cloud-native IP Multimedia Subsystem (IMS) solutions. Through this, Infosys will provide systems integration services for ng-voice, facilitating telecom operators with digital capabilities to deploy containerized and cloud-native network solutions across Europe. Building on this, both companies also aim to provide managed services to support the network solution while delivering personalized customer experiences and fostering innovation.. Key drivers for this market are: Increasing Shift to Hybrid IT, Improved Cost and Operational Efficiency. Potential restraints include: Integration and Regulatory Issues and Reliability Concerns. Notable trends are: Cloud segment is expected to grow at a higher pace.

With a steady growth rate of 28%, Europe's Security Guard market is evolving into a technologically advanced and multifaceted industry.

The Western Europe Security Services report features an extensive regional analysis, identifying market penetration levels across major geographic areas. It highlights regional growth trends and opportunities, allowing businesses to tailor their market entry strategies and maximize growth in specific regions.

Europe Security Services Market size was valued at USD 157.1 Billion in 2024 and is projected to reach USD 290.1 Billion by 2032, growing at a CAGR of 8% from 2026 to 2032.

Key Market Drivers

Increased Cybersecurity Threats and Data Breaches: Increased Cybersecurity Threats and Data Breaches are driving the Europe Security Services Market as cyberattacks grow more often and expensive. ENISA estimated a 25% increase in ransomware assaults in 2022, with the average cost of a data breach in Europe reaching €3.5 million. According to the European Commission, 38% of EU enterprises would experience cyberattacks in 2022, up from 31% in 2021, prompting organizations to invest in advanced security solutions.

Growth in IoT and Connected Devices: Growth in IoT and Connected Devices is driving the Europe Security Services Market as the rising number of IoT devices increases cybersecurity risks. Eurostat reported 5.4 billion connected devices in Europe in 2023, with the number predicted to approach 8 billion by 2025.

The Europe cyber security market size was valued USD 34.17 Billion in 2022 and is anticipated to reach USD 243.80 Billion by 2031, expanding at a CAGR of 24.4% during the forecast period, 2023 – 2031. The growth of the market is attributed to increasing penetration of the internet. Moreover, the growing wireless network catering to mobile devices has enhanced data vulnerability.



Cyber threats are internet-based efforts to damage or disrupt information systems and hack vital information using spyware, malware, and phishing. Cyber security solutions help an organization to detect report, monitor and counter cyber threats to maintain data confidentiality.

Rising technological advancements in data transfers, cloud services are becoming more common. The public cloud has been emerging. This is leading to faster transfer of phishing bots, emails, and ransomware, demonstrating the vulnerabilities brought in by them .Furthermore, the expanding penetration of technology facilitators in the region, coupled with rising acceptance of virtual shopping, has propelled the e-commerce ecosystem



The Covid-19 pandemic had favourable impact on the Europe cyber security <span style="font-size:11.0pt&quo

The size of the Europe Security Services market was valued at USD XXX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 5.80% during the forecast period.The Europe Security Services Market is one wide range of measures put in place to protect individuals, assets, and other organizations from a variety of threats. These include physical measures such as guarding, surveillance systems, and access control, as well as cybersecurity measures including threat intelligence, data encryption, and intrusion detection services. With its drivers such as increasing cyber threats, rising terror concerns, need for improved security and safety over different sectors be it government health, finance and critical infrastructure segments, the marketplace is growing strong. Recent developments include: August 2023: Fortra announced new integrations to its offensive security solutions. These integrations streamline the ability to manage vulnerabilities, conduct penetration testing, and conduct red teaming. By working together, the solutions leverage the same tactics threat actors employ to detect and exploit vulnerabilities in an organization's security posture. This proactive security strategy allows customers to identify and remediate vulnerabilities before they are used. The layered approach unifies the capabilities of each solution for a more comprehensive security evaluation, testing, and control., June 2023: Thales Group announced a new data security platform as a service that allows businesses to quickly deploy and scale critical management and data security solutions without needing hardware or upfront investment. CipherTrust's advanced service, Cloud Key Management, enables customers to centrally manage and control the encrypted keys securely across a wide range of public clouds and software-as-a-service environments. Enhanced visibility across multiple cloud environments helps organizations increase productivity and meet data protection requirements, including those related to digital sovereignty.. Key drivers for this market are: The Increasing Proliferation of Internet of Things (IoT) Devices, The Integration of Artificial Intelligence (AI) and Automation in Security Services; Increasing Investments by Organizations to Protect Against Country-sponsored Attacks. Potential restraints include: Moderation, Privacy, accessibility & regulatory challenges. Notable trends are: Cloud Adoption to Hold Significant Market Share.

Data Security As A Service Market Outlook

The global Data Security As A Service (DSaaS) market size is projected to reach USD 23.5 billion by 2032, up from USD 7.6 billion in 2023, reflecting a robust CAGR of 14.8% during the forecast period. The surge in market size is primarily driven by increasing concerns over data breaches and cyber-attacks, along with the rising adoption of cloud-based solutions across various industries. This growth is further fueled by the stringent regulatory requirements for data protection and the burgeoning volumes of data generated by businesses worldwide.

One of the pivotal growth factors for the DSaaS market is the ever-increasing incidence of cyber threats that organizations face today. With cyber-attacks becoming more sophisticated and frequent, businesses are compelled to invest in advanced security solutions to safeguard their critical data. This urgency is also driven by the substantial financial and reputational damages that can result from data breaches. Consequently, companies are increasingly turning to data security as a service to leverage expert security measures without the need for extensive in-house resources.

Moreover, regulatory compliance has become a major driving force behind the demand for data security services. Governments and regulatory bodies worldwide are implementing stringent data protection laws, such as the General Data Protection Regulation (GDPR) in Europe and the California Consumer Privacy Act (CCPA) in the United States. These regulations mandate organizations to adopt robust data security measures, thereby propelling the market growth. Businesses, particularly those in regulated industries like healthcare and finance, are investing heavily in DSaaS solutions to ensure compliance and avoid hefty penalties.

The rapid adoption of cloud computing is another significant driver for the DSaaS market. As organizations migrate their operations to the cloud to enhance scalability and reduce costs, the need for secure cloud environments has become paramount. Cloud-based DSaaS solutions offer scalable, flexible, and cost-effective security measures, making them an attractive option for businesses of all sizes. The integration of artificial intelligence (AI) and machine learning (ML) with these services further enhances their capability to detect and respond to threats in real-time, thereby boosting market demand.

On a regional level, North America currently holds the largest share of the DSaaS market, driven by the presence of major technology companies and high adoption rates of advanced security solutions. However, the Asia Pacific region is expected to witness the highest growth during the forecast period, fueled by the fast-growing digital economies, increasing cyber threats, and rising awareness about data security. Europe also presents significant growth opportunities due to stringent regulatory frameworks like GDPR, which mandates robust data protection measures.

Component Analysis

The DSaaS market by component is broadly segmented into solutions and services. Solutions encompass various software and tools designed to protect data, while services include consulting, implementation, and managed services. The solutions segment is anticipated to hold a significant share of the market owing to the increasing deployment of advanced security software to combat emerging cyber threats. These solutions offer comprehensive protection, including encryption, tokenization, and data masking, which are crucial in safeguarding sensitive information.

Within the solutions segment, encryption software is expected to see substantial growth. Encryption ensures that data remains unreadable to unauthorized users, thus providing a robust line of defense against data breaches. As organizations handle more sensitive data, the demand for encryption solutions is soaring. Additionally, data masking and tokenization are gaining traction, particularly in industries like healthcare and finance, where protecting Personally Identifiable Information (PII) is critical.

The services segment, which includes consulting, implementation, and managed services, is also projected to grow significantly. Consulting services help organizations assess their current security posture and develop strategies to enhance data protection. Implementation services ensure the smooth deployment of security solutions, while managed services provide ongoing management and monitoring of security measures. The growing complexity of cyber threats and the lack of skilled cybersecurity professionals are driving organizations

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Managed Security Services (MSS) Market Size 2024-2028

The managed security services (mss) market size is forecast to increase by USD 33.86 billion at a CAGR of 13.87% between 2023 and 2028.

The market is experiencing significant growth, driven by the increasing adoption of cloud-based services and the integration of predictive analytics. The shift towards cloud computing has led to an escalating demand for managed security services, as organizations seek to protect their data and applications in this new environment. Additionally, the implementation of predictive analytics in MSS offers enhanced threat detection and response capabilities, enabling businesses to stay ahead of cyber threats. However, the market is not without challenges. The complexity of MSS implementations and the potential for failures during deployment can hinder market growth. Despite these challenges, companies seeking to capitalize on market opportunities should focus on delivering reliable and effective MSS solutions, leveraging advanced technologies such as artificial intelligence and machine learning to provide proactive threat detection and response. By addressing implementation complexities and ensuring seamless integration with existing IT infrastructure, MSS providers can differentiate themselves in a competitive landscape and effectively navigate market challenges.

What will be the Size of the Managed Security Services (MSS) Market during the forecast period?

Request Free SampleIn today's digital business landscape, managed security services (MSS) have become essential for organizations to safeguard their networks and data from cyber threats. Industry 4.0's integration of technology in various sectors, including telecom and IT, healthcare, and manufacturing, increases the vulnerability of critical systems. Network security is a top priority, with healthcare facility systems and medical devices being particularly susceptible to data breaches. Threat monitoring and vulnerability management are crucial components of MSS. Firewall management and endpoint security are also essential to prevent unauthorized access and malicious attacks. Cloud-based security solutions offer scalability and flexibility for businesses, while IT security specialists ensure effective implementation and management. Managed DDOS and Managed IPS services protect against distributed denial-of-service attacks and intrusion attempts. Patient privacy and data security are paramount in the healthcare sector, making MSS an indispensable investment. Cyberattacks targeting manufacturing and IT industries continue to increase, emphasizing the need for security measures. Inhouse security solutions may not provide the expertise and resources required to effectively manage the evolving threat landscape. MSS companies offer comprehensive threat intelligence and advanced technologies to help businesses stay ahead of cybercriminals. Telecom and IT companies, healthcare providers, and manufacturing organizations all benefit from MSS to protect their critical infrastructure and sensitive data. The market for managed security services is dynamic, with ongoing trends including the adoption of cloud security and the growing importance of threat intelligence.

How is this Managed Security Services (MSS) Industry segmented?

The managed security services (mss) industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments. End-userSMEsLarge enterprisesDeploymentCloud-basedOn-premisesService TypeManaged FirewallManaged Intrusion Detection/Prevention Systems (IDP/IPS)Managed Endpoint SecurityManaged Threat Detection and Response (MDR)Managed Security Information and Event Management (SIEM)Vulnerability ManagementManaged Compliance ServicesIdentity and Access Management (IAM)Managed Antivirus/Anti-MalwareManaged FirewallManaged Intrusion Detection/Prevention Systems (IDP/IPS)Managed Endpoint SecurityManaged Threat Detection and Response (MDR)Managed Security Information and Event Management (SIEM)Vulnerability ManagementManaged Compliance ServicesIdentity and Access Management (IAM)Managed Antivirus/Anti-MalwareSecurity TypeNetwork SecurityEndpoint SecurityApplication SecurityCloud SecurityData SecurityOthersNetwork SecurityEndpoint SecurityApplication SecurityCloud SecurityData SecurityOthersGeographyNorth AmericaUSCanadaEuropeGermanyAPACChinaJapanSouth AmericaMiddle East and Africa

By End-user Insights

The smes segment is estimated to witness significant growth during the forecast period.Managed security services have gained significant traction among Small and Medium-sized Enterprises (SMEs) due to the escalating number of cyber threats, including DDoS attacks and ransomware, which can severely impact their business operations. These vulne

Europe Managed Services Market Size was valued at USD 37.7 Billion in 2024 and is projected to reach USD 76.2 Billion by 2032, growing at a CAGR of 9.2% from 2026 to 2032.

Key Market Drivers

Digital Transformation Acceleration: The acceleration of digital change will propel the European Managed Services Market. As of 2023, 98% of EU firms used internet-connected PCs, and 41% acquired cloud computing services, up from 24% in 2018, indicating a significant transition toward digital technologies. As digital use has increased, IT infrastructures have become more sophisticated, making it difficult for enterprises to maintain autonomously.

Cybersecurity Concerns and Compliance Requirements: Cybersecurity concerns and compliance constraints are propelling the European Managed Services Market. The European Union Agency for Cybersecurity (ENISA) estimated a 150% increase in ransomware assaults between 2021 and 2022, emphasizing the growing necessity for strong security measures. GDPR fines totaled €2.92 billion in 2023, driving enterprises to seek managed security services providers with the necessary competence to assure compliance.