The MSS Market Report is Segmented by Deployment Type (On-Premise and Cloud), Solution Type (Intrusion Detection and Prevention, Threat Prevention, Distributed Denial of Services, Firewall Management, End Point Security, and Risk Assessment), Managed Security Service Provider (IT Service Providers, Managed Security Specialists, and Telecom Service Providers), End User (BFSI, Government & Defense, Retail, Manufacturing, Healthcare & Life Sciences, IT & Telecom, and Other End-User Verticals), and Geography (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

The managed security services market was valued at over 31 billion U.S. dollars in 2021. The managed security services market can be segmented into different deployment types, such as on-premise and cloud, managed security service provider, as well as end-user vertical. Generally, managed security service providers (MSSPs) provide managed security services (MSS) to manage their customers' information technology (IT) infrastructure.

Saudi Arabia Managed Security Services Market Report is Segmented by Service (Managed Detection and Response (MDR), Security Information and Event Management (SIEM), Managed Identity and Access Management (IAM), Vulnerability Management, Other Services), Size of Enterprises (Large Enterprises, Small and Medium-Sized Enterprises (SMEs)), and End-User Industry (IT and Telecom, BFSI, Retail and E-Commerce, Construction and Real Estate, Government and Defense, Energy, Oil, and Gas, and Other End-User Industries). The Report Offers Market Forecasts and Size in Terms of Value in USD for all the Above-Mentioned Segments.

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Managed Security Services 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 solutions and the integration of predictive analytics. Cloud professional services are becoming increasingly popular as businesses seek to improve their security posture while reducing costs. In the domain name industry, network automation is a key trend, enabling service providers to manage large volumes of traffic more efficiently. DDoS attacks continue to pose a significant threat, leading to the demand for advanced cloud security solutions. The advent of Industry 4.0 and high-performance computing (HPC) is creating new opportunities for MSS providers, as these technologies require strong security to operate effectively. Bring-your-own-device (BYOD) policies are also driving demand for managed security services, as organizations struggle to secure a diverse range of devices accessing their networks. Despite these opportunities, there are challenges to overcome, including the potential for failure during implementation and the need for continuous monitoring and updating to keep up with evolving threats.

What will be the Size of the Managed Security Services (Mss) Market During the Forecast Period?

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The market encompasses a range of offerings, including Managed Firewall, Managed IP, Threat and Vulnerability Monitoring, Endpoint Security, and Managed DDoS protection. This market is experiencing significant growth due to increasing concerns over data breaches and cyberattacks across various industries such as healthcare, manufacturing, telecom IT, and others. With the proliferation of connected devices and the rise of Industry 4.0, the need for strong security solutions is more critical than ever. MSS providers offer both in-house and cloud-based solutions, staffed by IT security specialists who monitor and manage security infrastructure to protect against malicious attackers. Healthcare facilities and medical devices, in particular, face unique challenges in safeguarding patient privacy and securing sensitive data.
MSS solutions play a crucial role in addressing these concerns, providing threat intelligence, vulnerability assessments, and ongoing security management. In summary, the Managed Security Services market is a dynamic and growing sector, driven by the ever-evolving threat landscape and the increasing importance of data security for businesses across all industries. MSS providers offer essential services, including network, cloud, and data security, to help organizations mitigate risks and protect their digital assets.
Cloud security is a critical aspect of modern IT infrastructure, ensuring the safety of data and applications hosted in the cloud. Threat intelligence helps organizations stay ahead of emerging cyber threats by providing real-time insights and proactive strategies. Endpoint protection is essential to safeguard devices such as laptops, smartphones, and tablets from malware and attacks. Network security is a key layer of defense, protecting the organization's internal network from unauthorized access and cyberattacks. SIEM (Security Information and Event Management) solutions provide centralized monitoring and analysis of security events, enhancing visibility and threat detection. Risk management strategies are crucial for identifying, assessing, and mitigating potential security risks. Managed detection and response services provide continuous monitoring and rapid response to security incidents, while vulnerability management identifies and addresses security weaknesses.
Incident response plans ensure a swift and coordinated reaction to security breaches. Compliance management helps organizations meet regulatory requirements, ensuring data protection and security. Security automation streamlines processes to improve efficiency and reduce human error. Cybersecurity as a service offers scalable solutions for businesses to strengthen their security posture. Security monitoring is vital for identifying suspicious activity, while data protection ensures that sensitive information remains secure. Finally, identity and access management systems control user access, enforcing policies that protect systems from unauthorized entry.

How is this Managed Security Services (MSS) Industry segmented and which is the largest segment?

The industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

End-user

  SMEs
  Large enterprises


Deployment

  Cloud-based
  On-premises


Service Type

  Managed Firewall
  Managed Intrusion Detection/Prevention Systems (IDP/IPS)

The global managed security services market is likely to expand from USD 32.69 billion in 2024 to USD 194.42 billion by 2037, witnessing a CAGR of around 14.7% throughout the forecast period, between 2025 and 2037. Key industry players include IBM, SecureWorks, Inc., Verizon, among others.

The global revenue in the 'Managed Services' segment of the cybersecurity market was forecast to continuously increase between 2024 and 2029 by in total 3.5 billion U.S. dollars (+14.18 percent). After the thirteenth consecutive increasing year, the revenue is estimated to reach 28.15 billion U.S. dollars and therefore a new peak in 2029. Notably, the revenue of the 'Managed Services' segment of the cybersecurity market was continuously increasing over the past years.

Saudi Arabia managed security services market size is projected to exhibit a growth rate (CAGR) of 11.70% during 2025-2033. The increasing complexity of IT infrastructures, including the adoption of cloud services, IoT devices, and mobile technologies, which makes it challenging for organizations to manage security in-house, is driving the market.

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2025-2033. Our report has categorized the market based on type, deployment mode, enterprises size, and vertical.

According to Cognitive Market Research, The Global Managed Security Services market size was USD 31.52 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 12.80% from 2023 to 2030. Intensification of Cybercrime Activities to Provide Viable Market Output

Globally, cybercrime has been on the rise. Businesses still rely on outdated data protection methods despite the rising sophistication of attacks and the intricate nature of the IT network. Bring-Your-Own-Device (BYOD), mobile phones, social networking sites, and cloud-based service usage, among other technological advances and practices, have considerably exacerbated the difficulty of maintaining data security. These days, more and more well-funded, capable, coordinated, and motivated organizations are driving organized cybercriminal operations.

Observation of Industry Standards and Security Laws to Propel Market Growth

Compliance with security laws and industry standards significantly influences the adoption of security management services. Businesses in all industries must comply with strict privacy and data protection laws, which force them to put in place reliable security measures and protect sensitive data. Managed security service providers (MSSPs) are essential in guiding organizations through complicated compliance environments and ensuring that legal obligations are followed.

Regulations like Brazil's General Data Protection Law (LGPD) and the California Consumer Privacy Act (CCPA), which gained traction in 2023, compelled businesses to improve their data protection procedures.

(Source:www.americanbar.org/groups/business_law/resources/business-law-today/2020-may/brazil-passes-landmark-privacy-law/)

Organizations must comply with these rules by implementing extensive security measures, periodic risk assessments, and incident response capabilities. Managed security services let businesses conduct audits, integrate security procedures with legal requirements, and provide compliance-related documentation.

The Factors Restraining the Growth of the Managed Security Services Market

Organizational Unawareness of Managed Security Services to Hinder Market Growth

The lack of understanding about managed security services in small organizations might significantly impede the market's growth. Many businesses are unaware of the significance of cybersecurity and the possible risks that cyber threats represent to their operations. As a result, they may underestimate the benefit of outsourcing their safety requirements to a third-party supplier, limiting the market's growth possibilities.

Organizations may be unaware of the most recent technological advances and best practices and may lack the resources or skills to manage their security demands successfully. They can benefit from the experience of cybersecurity specialists and the newest security technologies by exporting their safety concerns to a managed security services provider. This can help them enhance their security posture and decrease the risk of cyber threats.

Impact of COVID–19 on the Managed Security Services Market

The COVID-19 epidemic has also pressured digital ecosystems to protect data from nefarious intruders. Organizations are forced to outsource security-related services due to the dynamic shift in the threat landscape, the ongoing increase in cyberattacks, a lack of skilled labor, and complexity. According to IDC Security Services, 60% of organizations have shifted to outsourcing controlled security services and implemented cloud technology services. Market growth has been spurred by innovations and developments in managed security services, including firewall management, security for endpoints, and increased cyberattacks since the start of the pandemic. The average ransomware payment, for instance, increased by 82% to a high of $570,000 in the initial half of 2021 from $312,000 in 2020, based on a report from Palo Alto Networks' Unit 42 security consultancy group. Introduction of Managed Security Services

The explosion of consumer-generated data, government laws, and the rise in new threats are all contributing factors to the managed security services sector's expansion. Cyberattacks now have many new entry points because of the digital revolution. Managed security services companies now have more opportunities thanks to the variety of technologies and the shortage of expe...

Access the summary of the Managed Security Services market report, featuring key insights, executive summary, market size, CAGR, growth rate, and future outlook.

The Asia-Pacific Security Services Market Report is Segmented by Service Type (Managed Security Services, Professional Security Services, Consulting Services, and Threat Intelligence Security Services), Mode of Deployment (On-Premise and Cloud), End-User Industry (IT and Infrastructure, Government, Industrial, Healthcare, Transportation and Logistics, Banking, and Other End-User Industries), and Country (China, Japan, India, South Korea, and Rest of Asia-Pacific). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

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The managed security services market research report estimates the market size to be USD 22.44 bn in 2020-2024. The incremental growth and the accelerate growth momentum present a positive outlook for the market. This will encourage established as well as new vendors to make investments and strengthen their position in the managed security services market.

The managed security services market research report offers several other key information including:

CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will drive managed security services market growth during the next five years
Precise estimation of the managed security services market size and its contribution to the parent market
Accurate predictions on upcoming trends and changes in consumer behavior
The growth of the managed security services market industry across North America, Europe, APAC, South America, and MEA
A thorough analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of managed security services market vendors

The Morocco Managed Security Services Market is expected to grow at a compound annual growth rate (CAGR) of around 8.58% over the forecast period. expansion of data centers is one of the growth opportunities driving the market.

The size and share of the market is categorized based on Type (Network Security, Terminal Security, Application Security, Cloud Security) and Application (Financial Services, Communications Industry, Public Sector, Media, Retail, Manufacturing, Medical, Other) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

The European Security Services Market Report is Segmented by Service Type (Managed Security Services, Professional Security Services, Consulting Services, and Threat Intelligence Security Services), Mode of Deployment (On-Premise and Cloud), End-User Industry (IT and Infrastructure, Government, Industrial, Healthcare, Transportation and Logistics, Banking, and Other End-User Industries), and Country (United Kingdom, Germany, France, and Rest of Europe). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

The Middle East Managed & Professional Security Services Market is projected to grow at a CAGR of around 15% during the forecast period, i.e., 2021-26, says MarKNtel Advisors.

UAE Managed Security Services Market is projected to grow at a CAGR of around 13% during 2023-2028, says MarkNtel Advisors in their recent published research report.

Global, Latin America, Spain Managed Security Services Market size was valued at USD 16,979.54 Million in 2023 and is projected to reach USD 45,234.05 Million by 2031, growing at a CAGR of 13.09% from 2024 to 2031.

Global, Latin America, Spain Managed Security Services Market Outlook

Managed security services (MSS) are comprehensive, outsourced security solutions provided by specialized firms to monitor and manage an organization’s security processes and infrastructure. These services include round-the-clock monitoring, threat detection, incident response, vulnerability management, firewall management, and compliance reporting. Organizations benefit from advanced security expertise and technologies without the need for extensive in-house resources by utilizing MSS. This approach helps businesses mitigate risks, stay ahead of emerging threats, and maintain a robust security posture, all while reducing the complexity and costs associated with managing cybersecurity internally.

The Global, Latin America, and Spain Managed Security Services (MSS) market is being driven by several key factors. The increasing sophistication and frequency of cyber threats have heightened the need for robust security measures, pushing organizations to seek external expertise. Businesses are also recognizing the cost-efficiency of MSS, as these services reduce the need for significant investments in in-house security infrastructure and personnel. The rising adoption of cloud services and digital transformation initiatives has expanded the attack surface, necessitating continuous and comprehensive security monitoring and management. Additionally, the shortage of skilled cybersecurity professionals is prompting organizations to rely on MSS providers who offer specialized knowledge and advanced technologies.

The India managed security service market is anticipated to surpass USD 1420 Million by 2024–29, supported by the growth of Managed Security Service providers.

Romania managed security services market has valued at USD 154.24 million in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 11.62% through 2028.

The statistic shows a forecast for the public cloud management and security services market from 2015 to 2023. In 2023, the public cloud management and security market was expected to be worth 42.4 billion U.S. dollars.