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.

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Managed Security Services (MSS) Market Size 2024-2028

The managed security services (MSS) market size is valued to increase USD 33.86 billion, at a CAGR of 13.87% from 2023 to 2028. Increase in adoption of cloud-based services will drive the managed security services (mss) market.

Major Market Trends & Insights

APAC dominated the market and accounted for a 36% growth during the forecast period.
By End-user - SMEs segment was valued at USD 14.03 billion in 2022
By Deployment - Cloud-based segment accounted for the largest market revenue share in 2022

Market Size & Forecast

Market Opportunities: USD 205.85 million
Market Future Opportunities: USD 33860.20 million
CAGR from 2023 to 2028 : 13.87%

Market Summary

The market represents a dynamic and continually evolving landscape, underpinned by advancements in core technologies and applications. With the increasing adoption of cloud-based services, the market has witnessed a significant shift towards remote management and automation. According to recent studies, cloud-based MSS is projected to account for over 35% of the total MSS market share by 2025. Service providers are increasingly incorporating predictive analytics into their offerings, enabling proactive threat detection and response. This trend is driven by the growing complexity of cyber threats and the need for real-time threat intelligence. However, the implementation of managed security services comes with its own set of challenges.
Reports suggest that up to 25% of MSS engagements experience some form of failure during implementation, highlighting the importance of effective project management and company selection. Regulations such as GDPR and HIPAA continue to shape the market, driving demand for robust security solutions. In the Asia Pacific region, countries like China and India are expected to contribute significantly to the growth of the MSS market due to their increasing digitalization and rising cybersecurity concerns. As the market continues to unfold, stakeholders must stay informed of the latest trends, challenges, and opportunities to make informed business decisions.

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

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How is the Managed Security Services (MSS) Market 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-user

  SMEs
  Large enterprises


Deployment

  Cloud-based
  On-premises


Service Type

  Managed Firewall
  Managed Intrusion Detection/Prevention Systems (IDP/IPS)
  Managed Endpoint Security
  Managed Threat Detection and Response (MDR)
  Managed Security Information and Event Management (SIEM)
  Vulnerability Management
  Managed Compliance Services
  Identity and Access Management (IAM)
  Managed Antivirus/Anti-Malware


Security Type

  Network Security
  Endpoint Security
  Application Security
  Cloud Security
  Data Security
  Others


Geography

  North America

    US
    Canada


  Europe

    Germany


  APAC

    China
    Japan


  Rest of World (ROW)

By End-user Insights

The SMEs segment is estimated to witness significant growth during the forecast period.

Managed Security Services (MSS) have gained significant traction among Small and Medium Enterprises (SMEs) due to escalating cyber threats, including DDoS and ransomware attacks. These incidents can disrupt SMEs' businesses, causing severe consequences. Consequently, SMEs are increasingly turning to MSS providers to mitigate these risks. Complex cybersecurity landscapes and the growing use of Internet of Things (IoT) devices further fuel the demand for MSS. However, SMEs often grapple with budget constraints, making it challenging for them to establish in-house IT security infrastructure. According to recent studies, around 40% of SMEs have experienced a cyberattack in the past year.

Meanwhile, the managed security services market is projected to expand by 25% in the upcoming year. Furthermore, the penetration of MSS in the SME sector is expected to reach 35% by 2025. Key components of MSS include security architecture, multi-factor authentication, threat intelligence, threat modeling, business continuity, patch management, security operations center, security auditing, security metrics, risk assessment, access control, penetration testing, zero trust security, data encryption, intrusion detection system, incident response, network security monitoring, compliance management, security awareness training, data loss prevention, vulnerability scanning, data backup, disaster recovery, vulnerability management, security monitoring, and s

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India Security Services Market Size 2025-2029

The India security services market size is forecast to increase by USD 888.5 million at a CAGR of 4.8% between 2024 and 2029.

The market is witnessing significant growth due to several key trends and challenges. One trend driving market expansion is the increasing adoption of digital solutions, including artificial intelligence and software, in various sectors such as commercial security, public safety, and aviation. This shift towards digital security systems is a response to the insufficient police force and the need to protect large populations. Another trend is the growing popularity of virtual security systems, which offer cost-effective solutions for logistics and travel security. However, the market also faces challenges such as low work wages and high attrition rates, which can impact the quality and consistency of security services. Penetration testing and physical security continue to be crucial aspects of the market, as organizations seek to safeguard against cyber threats and ensure the safety of their physical assets. Overall, the market is poised for continued growth as it adapts to the evolving threat landscape and the increasing demand for advanced security solutions.

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The market encompasses various offerings that provide physical and emotional assurance to protect people, assets, and digital assets from threats. This market includes services such as security officers for crime prevention and immediate action, as well as visual deterrents and situational awareness for heightened security. Customer service, safety, and incident response are also essential components, ensuring an efficient and orderly response in the event of an emergency.
First responders, including those trained in CPR and stress reduction, play a critical role in maintaining safety and reducing risk. In today's threat environment, organizations prioritize a proactive culture and strong risk management procedures. Security measures extend beyond physical presence, encompassing intrusion detection and digital security. The market's overall size and direction reflect the growing importance of security in an increasingly complex and interconnected world.

How is this market segmented and which is the largest segment?

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

Component

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


End-user

  Commercial buildings
  Residential buildings
  Industrial buildings


Application

  Critical infrastructure security
  Transportation security
  Event security


Geography

  India

By Component Insights

The saas security services segment is estimated to witness significant growth during the forecast period. SaaS security services offer scalable solutions for organizations, enabling them to adapt security measures according to their size and evolving needs. These services operate on a subscription-basis, eliminating substantial upfront investments in hardware and software. The ease of deployment ensures swift implementation, allowing organizations to strengthen their security posture efficiently. SaaS security solutions encompass various aspects, including physical assurance, emotional assurance, protection through security officers, crime prevention, visual deterrent, heightened awareness, immediate action, and situational awareness.
Additionally, they provide customer service, safety, incident response, and efficient disciplinary action. Digital assets are safeguarded through advanced security measures such as intrusion detection, prevention, firewall management, vulnerability assessment, and advanced technology. Cyber threats are mitigated through cybersecurity practices, advanced threat detection, artificial intelligence, machine learning, threat intelligence, and scalable solutions. Employee productivity is enhanced, while data breaches, downtime, and compliance issues are minimized. A proactive culture and threat environment are managed through organizational procedures and risk management.

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Market Dynamics

Our market researchers analyzed the data with 2024 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

What are the key market drivers leading to the rise in adoption of India Security Services Market?

Insufficient police force to protect the huge Indian population is the key driver of the market. I

The value of India's cyber security market in 2019 amounted to over ** billion Indian rupees. This was estimated to go up to *** billion rupees by 2025. This marked a CAGR of over ** percent between 2020 and 2025.

India Cyber Security Services Market was valued at USD 1.12 billion in 2024 and is expected to reach at USD 2.67 Billion in 2030 and project robust growth in the forecast period with a CAGR of 15.4%.

The market share of India's cybersecurity services in 2019 was recorded at ** percent. This segment was estimated to hold a market share of over ** percent in 2025, indicating a loss of market share value. Within the market, the security operations segment had the highest market value during the measured time period.

The India security services market, valued at approximately ₹2860.32 million in 2025, is projected to experience robust growth, driven by factors such as increasing urbanization, rising concerns about personal and property safety, and the growing adoption of advanced security technologies. The market's Compound Annual Growth Rate (CAGR) of 5.55% from 2019 to 2024 indicates a steady upward trajectory, expected to continue over the forecast period (2025-2033). Key growth drivers include the expanding adoption of SaaS-based security solutions, the increasing demand for managed security services in commercial and industrial sectors, and the rising need for specialized security solutions within critical infrastructure (like power grids and transportation networks) and large-scale events. The market segmentation reflects diverse needs; commercial buildings currently dominate the end-user segment, while critical infrastructure and transportation are key application areas. This diversified landscape presents opportunities for both established players like Allied Universal and SIS Ltd., and emerging companies focusing on niche services and technological innovation. Challenges include the need for skilled manpower, stringent regulatory compliance requirements, and the potential for technological disruptions. However, continuous investment in training and technology adaptation are mitigating these risks, paving the way for further market expansion. The competitive landscape is characterized by a mix of large multinational corporations and smaller, specialized domestic firms. While large players benefit from economies of scale and established networks, smaller companies are agile and responsive to market needs, often specializing in innovative solutions or catering to specific industry segments. Companies are employing various strategies, including mergers and acquisitions, technological advancements, and strategic partnerships to gain a competitive edge. The market’s sustained growth is expected to attract further investment and innovation, leading to a more dynamic and sophisticated security services sector in India.

The Security Services Market Report is Segmented by Service Type (Managed Security Services, Professional/Integration Services, and More), Deployment Mode (On-Premises, and Cloud), End-User Industry (IT and Telecom, Government and Defense, and More), Security Framework (Zero-Trust Architecture, and More), and Geography (North America, South America, Europe, and More). The Market Forecasts are Provided in Terms of Value (USD).

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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 assessm

The Asia-Pacific security services market, valued at $24.88 billion in 2025, is projected to experience robust growth, driven by increasing cyber threats, stringent data privacy regulations, and the rising adoption of cloud technologies across various sectors. The market's Compound Annual Growth Rate (CAGR) of 6.20% from 2025 to 2033 signifies a significant expansion, with substantial contributions expected from countries like China, Japan, India, and South Korea. The strong growth is fueled by a diverse range of services, including managed security services, professional security services, consulting services, and threat intelligence. The preference for cloud-based deployment models is also accelerating market expansion, particularly within the IT and infrastructure, banking, and healthcare sectors, which are prioritizing robust cybersecurity measures to protect sensitive data and maintain operational continuity. Government initiatives promoting cybersecurity awareness and infrastructure development further contribute to market expansion across the region. Growth within specific segments is expected to vary. Managed security services, given their cost-effectiveness and scalability, are projected to dominate the market. The increasing complexity of cyberattacks is driving demand for professional security services and threat intelligence, leading to notable growth in these segments as well. While on-premise deployments still hold a significant share, the cloud segment is experiencing exponential growth, reflecting the ongoing digital transformation across the region. Regional variations exist; China and India are expected to lead in market size due to their large economies and expanding digital infrastructure, while other nations will experience significant albeit potentially slower growth depending on their respective digital maturity and regulatory landscapes. The competitive landscape includes both global and regional players, indicating a dynamic market with ample opportunities for both established and emerging companies. This report provides a comprehensive analysis of the Asia-Pacific Security Services Market, covering the period 2019-2033. The market is experiencing significant growth driven by increasing cyber threats and stringent government regulations. This in-depth study offers invaluable insights for businesses looking to navigate this dynamic landscape. Recent developments include: September 2023: Symantec (a division of Broadcom Inc.) announced that it is gradually collaborating with Google Cloud to expand its AI platform, Gen AI, to provide customers with a significant technical advantage in detecting, comprehending, and remedying complex cyber-attacks. Symantec will utilize the Google Cloud SBA Workbench and Security-specific Large Language Model (LLM)-Sec-PALM 2, across its portfolio to achieve this. This step will enable natural language interfaces and the generation of more comprehensive and understandable threat analyses. This partnership will contribute to accelerating the utilization of AI in the broader security environment., July 2023: Palo Alto Networks developed the Software Delivery Pipeline Security Module (CI/CD Security) to integrate the code-to-cloud capabilities in the CNAPP platform of Prisma Cloud. By providing CI/CD security and protection from open-source vulnerabilities through software composition analysis, Prisma Cloud offers the most comprehensive security platform for the seamless protection of the entire engineering environment. Integrating CI/CD Security to the existing Prisma Cloud platform, which includes Secrets Scanning and Software Composition Analysis and Infrastructure as Code Security, enables organizations to maximize security and risk prevention across the entire software delivery process.. Key drivers for this market are: The Increasing Proliferation of IoT Devices in Smart Cities and Manufacturing Sector, Increasing Investments in CyberSecurity Measures; Rise in Insider Threats. Potential restraints include: Integration issues with traditional systems, Data quality and accuracy issues. Notable trends are: Cloud Adoption to Hold Significant Market Share.

The Asia-Pacific security services market is booming, projected to reach $40.3 billion by 2033, driven by cybersecurity threats and digital transformation. This in-depth analysis explores market size, growth drivers, key players (IBM, Palo Alto Networks, etc.), and regional trends. Learn more! Recent developments include: July 2024: RSA, a provider in security-first identity solutions, has announced the launch of a new Southeast Asia (SEA) Region Cloud tenant in Singapore. This strategic investment highlights RSA's dedication to supporting organizations in the Asia Pacific and Japan region. The initiative aims to help these organizations address emerging cybersecurity threats and comply with stringent data sovereignty controls and government regulations., July 2024: Sysdig, a real-time cloud security firm, expanded its cloud-native security platform. The company has launched a new software-as-a-service (SaaS) region in India, thereby extending its cloud-native application protection platform (CNAPP) to this region.. Key drivers for this market are: The Increasing Proliferation of IoT Devices in Smart Cities and Manufacturing Sector, Increasing Investments in CyberSecurity Measures; Rise in Insider Threats. Potential restraints include: The Increasing Proliferation of IoT Devices in Smart Cities and Manufacturing Sector, Increasing Investments in CyberSecurity Measures; Rise in Insider Threats. Notable trends are: Cloud Adoption to Hold Significant Market Share.

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Private Security Services Market Size 2025-2029

The private security services market size is forecast to increase by USD 259.4 billion, at a CAGR of 11.9% between 2024 and 2029.

The market is experiencing significant growth and transformation, driven by the rapid urbanization and population growth that necessitate increased security measures. This trend is particularly pronounced in developing regions, where the demand for private security services is surging to address the rising crime rates and ensure public safety. Another key driver is the increasing popularity of virtual security systems, which offer cost-effective and efficient solutions for monitoring and securing properties. However, the market faces a significant challenge in the form of a shortage of private security personnel. This labor shortage is exacerbated by the growing complexity of security threats and the need for highly skilled personnel to effectively mitigate risks. Companies seeking to capitalize on market opportunities must invest in technology and training to address the labor shortage and stay competitive. Additionally, they must adapt to the changing security landscape by offering integrated security solutions that combine physical and virtual security measures. By doing so, they can effectively address the evolving needs of clients and navigate the challenges of the market.

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

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
Request Free SampleThe market continues to evolve, with dynamic market dynamics shaping the industry's applications across various sectors. Threat analysis and penetration testing are crucial components of data protection, ensuring security standards are met and maintained. Security awareness campaigns, event correlation, and policy adherence are integral to ransomware protection and cybersecurity. Security technology, including analytics platforms and automation, plays a significant role in security education and assessment. Physical security, consulting, and intelligence are essential for perimeter security and incident management. Regulations such as PCI DSS and privacy laws necessitate compliance audits and security integration. Vulnerability assessments and management are ongoing processes that involve security infrastructure, asset protection, and best practices. Security breaches and phishing prevention require robust emergency response and incident management capabilities. Disaster recovery planning and background checks are essential components of business continuity planning and security management systems. Security architecture and operations centers ensure security monitoring and reporting, while security certifications and outsourcing provide additional layers of protection. Network security, malware protection, and CCTV surveillance are integral to security hardware and software solutions. Threat intelligence and risk management are essential for maintaining a strong security culture and effective security testing.

How is this Private Security Services Industry segmented?

The private 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. End-userIndustrialResidentialFinancial institutionsOthersServiceManned guardingElectronic security servicesCash servicesGeographyNorth AmericaUSCanadaEuropeFranceGermanyItalyUKAPACChinaIndiaJapanSouth AmericaBrazilRest of World (ROW).

By End-user Insights

The industrial segment is estimated to witness significant growth during the forecast period.The market encompasses various offerings such as loss prevention, penetration testing, data protection, security standards, security awareness campaigns, security event correlation, security policies, ransomware protection, security technology, security analytics platform, security analytics, security training, cybersecurity training, security automation, security orchestration, security education, security assessments, physical security, security consulting, security intelligence, security protocols, business continuity planning, security planning, data privacy, perimeter security, security audits, security integration, security management systems, security architecture, security operations center, security monitoring, PCI DSS, security outsourcing, security hardware, security awareness, threat analysis, access control systems, red teaming, vulnerability management, security infrastructure, asset protection, best practices, security breaches, phishing prevention, emergency response, data breaches, privacy laws, vulnerability assessments, security regulations, security incident management, incident response

The global cyber security services market size is projected to grow from USD 22.11 billion in 2025 to USD 96.33 billion by 2033, exhibiting a CAGR of 20.2%.
Report Scope:

The size of the India Cyber Security Market was valued at USD 1.58 Billion in 2023 and is projected to reach USD 5.03 Billion by 2032, with an expected CAGR of 18.0% during the forecast period. Key drivers for this market are: The expansion of IT infrastructure, including cloud computing, IoT, and mobile networks, has heightened the need for advanced cybersecurity systems to secure these technologies.. Potential restraints include: India faces a shortage of cybersecurity professionals, making it challenging for organizations to implement and manage advanced security systems effectively. Notable trends are: With the growing adoption of cloud services, businesses are focusing on securing their cloud environments, leading to a rise in demand for cloud security solutions.

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Managed Services Market Size 2025-2029

The managed services market size is forecast to increase by USD 217 billion, at a CAGR of 11.3% between 2024 and 2029.

The market is experiencing significant growth, driven by the increasing adoption of Internet of Things (IoT) solutions and the advent of big data and analytics services. Companies are recognizing the value of outsourcing IT management to focus on core business functions, leading to a surge in demand for managed services. However, this market landscape is not without challenges. Data privacy and security risks in cloud-based services continue to pose a significant obstacle, as more businesses move their operations to the cloud. Ensuring the confidentiality, integrity, and availability of sensitive data is a top priority for organizations, necessitating robust security measures and compliance with data protection regulations.
Companies must navigate these challenges to effectively capitalize on the opportunities presented by the market's dynamic landscape. By investing in advanced security solutions and adhering to best practices, businesses can mitigate risks and build trust with their customers, ultimately driving growth and success in this competitive market.

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

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The market continues to evolve, with dynamic market activities unfolding across various sectors. Entities seek to optimize their IT infrastructure through data governance, endpoint security, incident response, technical support, hybrid cloud, system administration, infrastructure management, service level agreements, performance monitoring, software licensing, big data analytics, and artificial intelligence. These solutions are integrated into comprehensive offerings, ensuring businesses maintain optimal IT performance and security. Data governance strategies enable organizations to manage and protect sensitive information, while endpoint security safeguards against cyber threats. Incident response and technical support provide swift resolution to IT issues, ensuring minimal disruption to business operations. Hybrid cloud solutions offer flexibility and cost savings, allowing businesses to leverage both on-premises and cloud resources.

System administration and infrastructure management ensure IT environments run efficiently, while service level agreements and performance monitoring enable businesses to measure and improve service quality. Software licensing solutions provide cost optimization, while big data analytics and artificial intelligence offer valuable insights for strategic decision-making. Vulnerability assessments and security audits ensure IT environments remain compliant with industry regulations, safeguarding against potential risks. Disaster recovery and business continuity plans ensure uninterrupted operations in the face of unexpected events. IT consulting and outsourcing offer expert guidance and cost savings, enabling businesses to focus on their core competencies. Remote monitoring and customer relationship management enhance IT service delivery, improving customer satisfaction and loyalty.

Cost optimization and resource optimization strategies help businesses maximize their IT investments, while digital transformation initiatives drive innovation and growth. Knowledge management solutions enable effective information sharing and collaboration, fostering a culture of continuous learning and improvement. The IT service management landscape is continually evolving, with new technologies and trends shaping the market. Managed services providers must stay abreast of these developments to deliver value to their clients and remain competitive in the marketplace.

How is this Managed Services Industry segmented?

The managed 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

  MDS
  MNS
  MSS
  MMS
  Others


Deployment

  Cloud
  On-premises


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  APAC

    China
    India
    Japan
    South Korea


  Rest of World (ROW)

By Type Insights

The mds segment is estimated to witness significant growth during the forecast period.

The market is witnessing significant growth, particularly in sectors such as IT, banking, financial services and insurance (BFSI), education, healthcare, and retail. The demand for managed services, including capacity planning, hardware maintenance, machine learning, security audits, performance metrics, cybersecurity services, disaster recovery, compli

In 2019, the cyber security market in India was valued at almost two billion U.S. dollars. It was estimated that the overall market would grow at a compound annual rate of around 15.6 percent to be worth over three billion dollars by 2022. This was almost one and a half times the global growth rate, showing a growing demand for cyber security products and services in India. Within the market, the value of the cyber security products amounted to a little over a billion dollars, while the cyber security services market was worth almost 950 million dollars in 2019. Product segmentation With a wide choice for cyber security products in India, the cyber security incident detection and response (IDR) products had the highest market value worth over 330 million U.S. dollars as of 2019. However, in terms of growth, the data security products were expected to see the highest growth rate in the Indian market at around 22 percent between 2019 and 2022. In comparison, the cyber security IDR products were estimated to grow at just about 15 percent between 2019 and 2022. Cyber security expenditure by sector India’s banking and financial services sectors have been on the radar as the most targeted sector for cyber crimes in recent years. In fact, in 2017, over two thousand cases of online banking fraud were reported across the country. Unsurprisingly, the banking sector had the highest expenditure on cyber security, amounting to over 500 million U.S. dollars in 2019. The information technology and services sector came second with expenses worth over 430 million dollars that same year.

The global managed services market size is projected to grow from USD 393.02 billion in 2025 to USD 1037.46 billion by 2033, exhibiting a CAGR of 12.9%.
Report Scope:

The Indian cybersecurity market, valued at approximately $4.70 billion in 2025, is experiencing robust growth, projected to expand at a compound annual growth rate (CAGR) of 18.33% from 2025 to 2033. This surge is driven by several factors. Increasing digitalization across various sectors, including BFSI (Banking, Financial Services, and Insurance), healthcare, and manufacturing, necessitates robust cybersecurity measures to protect sensitive data from escalating cyber threats. The rising adoption of cloud computing and the expanding Internet of Things (IoT) ecosystem further contribute to market expansion. Government initiatives promoting digital infrastructure and data privacy regulations, like the Personal Data Protection Bill, are also bolstering demand for advanced cybersecurity solutions. Furthermore, the increasing sophistication of cyberattacks, including ransomware and phishing, compels organizations to invest heavily in preventative and reactive cybersecurity measures. The market is segmented by offering (security type and services), deployment (cloud and on-premise), and end-user (BFSI, healthcare, manufacturing, government & defense, IT and telecommunication, and others). The competitive landscape is characterized by a mix of global players like McAfee, Palo Alto Networks, and NortonLifeLock, alongside domestic companies like Quick Heal Technologies and emerging players focusing on niche solutions. The projected growth trajectory indicates significant opportunities for both established and emerging cybersecurity firms. However, challenges remain. A significant skills gap in cybersecurity professionals hampers effective implementation and management of security solutions. Furthermore, the cost of implementing and maintaining sophisticated cybersecurity infrastructure can be substantial, particularly for smaller organizations. Despite these challenges, the long-term outlook for the Indian cybersecurity market remains positive, fueled by sustained digital transformation and the increasing awareness of cyber risks. The market’s evolution will likely witness a shift towards AI-powered security solutions, cloud-based security services, and a stronger emphasis on proactive threat detection and response mechanisms. Recent developments include: March 2022: IBM India Private Limited launched its new cybersecurity hub in India, which offers a cyber protection platform that combines various AI tools like Watson security advisor to advise and assist analysts in evaluating threats, tracing malware, compiling threats, and mitigating information. This, along with IBM's Advanced Threat Disposition Scoring (ATDS), will support clients in handling and automating billions of security alerts., December 2022: Palo Alto Networks unveiled a medical IoT (internet of things) security suite that adheres to the "zero trust" concept. This cybersecurity strategy involves constant verification of each user and device. The announcement could not have come at a better time, as the nation's top hospital, the All-India Institute of Medical Sciences (AIIMS), in Delhi, is only now recovering from a cyberattack, and at least one other hospital's servers were compromised, resulting in patient data being uploaded for sale on the dark web.. Key drivers for this market are: Increasing Demand for Digitalization and Scalable IT Infrastructure, Rising Frequency of Target-Based Cyber Attacks. Potential restraints include: Increasing Demand for Digitalization and Scalable IT Infrastructure, Rising Frequency of Target-Based Cyber Attacks. Notable trends are: Rising frequency of target-based cyber attacks.

The India Cybersecurity Market Report is Segmented by Offering (Solutions [Application Security, Cloud Security, and More], Services [Professional Services, and More]), Deployment Mode (Cloud, On-Premise), End-User Industry (BFSI, Healthcare, IT and Telecom, Industrial and Defense, Retail and E-Commerce, and More), End-User Enterprise Size (Large Enterprises, Smes). The Market Forecasts are Provided in Terms of Value (USD).