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.

Managed Security Services (MSSP) Market is Segmented by Deployment Model (On-Premises, Cloud), Service Type (Managed Detection and Response (MDR), Firewall and UTM Management, Intrusion Detection/Prevention, and More), Provider Type (IT Service Integrators, Security-Specialist MSSPs, and More), End-User Industry (BFSI, Government and Defense, and More), and by Geography. The Market Forecasts are Provided in Terms of Value (USD).

The Managed Security Services Providers (MSSP) market is experiencing robust growth, projected to reach $243.05 million in 2025 and exhibiting a Compound Annual Growth Rate (CAGR) of 8.5% from 2025 to 2033. This expansion is driven by the escalating sophistication of cyber threats, increasing reliance on cloud-based services, and the growing need for proactive security measures among businesses of all sizes. The market's diverse range of services, including security information and event management (SIEM), intrusion detection and prevention systems (IDS/IPS), vulnerability management, and security awareness training, caters to a wide spectrum of client needs. Key players like IBM, AT&T, Verizon, and others are investing heavily in research and development, expanding their service portfolios, and pursuing strategic acquisitions to maintain their competitive edge. The increasing adoption of managed detection and response (MDR) services, which offer proactive threat hunting and incident response, is a significant market driver. Furthermore, the rising prevalence of remote work and the expanding attack surface associated with it fuels the demand for robust MSSP solutions. The competitive landscape is characterized by a mix of large multinational corporations and specialized niche players. Larger providers leverage their established infrastructure and global reach to offer comprehensive solutions, while smaller firms focus on specific industry verticals or security needs. Market restraints include the complexity of integrating MSSP solutions into existing security infrastructures, concerns about data privacy and security breaches involving the MSSP itself, and the potential for high initial investment costs. However, these challenges are being addressed through innovative technologies, improved service level agreements (SLAs), and the increasing availability of flexible pricing models. The growth of the market is expected to be strongest in regions with rapidly developing digital economies and high concentrations of businesses adopting cloud-based services. The forecast period, 2025-2033, promises significant expansion, driven by the ongoing digital transformation and increasing cyber security concerns.

The Managed Security Services Provider (MSSP) market is experiencing robust growth, driven by the escalating need for robust cybersecurity solutions among large enterprises and SMEs. The increasing sophistication of cyber threats, coupled with the rising complexity of IT infrastructures, is compelling organizations to outsource their security management to specialized providers. This shift is particularly pronounced in sectors with stringent regulatory compliance requirements and those handling sensitive data. The market is segmented by application (Large Enterprises, SMEs) and service type (Virus and Spam Blocking, Intrusion Detection, Firewalls, VPN Management, Others), reflecting the diverse security needs of different organizations. While North America currently holds a significant market share, fueled by high technological adoption and a strong regulatory environment, regions like Asia-Pacific are witnessing rapid growth, driven by increasing digitalization and economic expansion. Key players in the MSSP landscape include established technology giants like IBM and AT&T, alongside specialized cybersecurity firms such as SecureWorks and Trustwave, and global consulting companies like Accenture and Deloitte. The competitive landscape is dynamic, with mergers, acquisitions, and partnerships playing a significant role in shaping market dynamics. The forecast period (2025-2033) suggests continued growth, albeit potentially at a slightly moderated CAGR compared to previous years. This moderation could be attributed to market saturation in certain segments and regions, alongside increasing competition. However, the continuous evolution of cyber threats and the increasing reliance on cloud-based services will continue to fuel demand for comprehensive MSSP services. The adoption of advanced security technologies such as AI and machine learning within MSSP offerings will further drive market growth. Expansion into emerging markets and the provision of specialized services tailored to specific industries will be crucial for continued success within this competitive landscape. Understanding evolving customer needs and proactively adapting service portfolios to address emerging threats remains essential for MSSPs to maintain a competitive edge.

Get key insights from Market Research Intellect's Managed Network Services Market Report, valued at USD 45.67 billion in 2024, and forecast to grow to USD 83.12 billion by 2033, with a CAGR of 8.45% (2026-2033).

Technological advancements in the Managed Security Services (MSSP) industry are shaping the future market landscape. The report evaluates innovation-driven growth and how emerging technologies are transforming industry practices, offering a comprehensive outlook on future opportunities and market potential.

Global Managed Security Services Providers - MSSPs market size 2025 was XX Million. Managed Security Services Providers - MSSPs Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.

Managed Security Services Market Outlook

According to our latest research, the global managed security services market size in 2024 stands at USD 32.1 billion, marking a robust expansion trajectory. The market is anticipated to grow at a CAGR of 13.4% from 2025 to 2033, reaching a forecasted value of USD 98.3 billion by 2033. This growth is primarily driven by the escalating sophistication and frequency of cyber threats, compelling organizations across all verticals to seek comprehensive, scalable, and cost-effective security solutions through managed security services providers (MSSPs).

One of the principal growth factors for the managed security services market is the exponential increase in cyberattacks targeting businesses of all sizes. As digital transformation accelerates across industries, organizations are confronted with complex threat landscapes that require constant monitoring, advanced analytics, and rapid incident response. The shortage of skilled cybersecurity professionals further exacerbates this challenge, making managed security services an attractive option for enterprises seeking 24/7 protection and compliance support. With the proliferation of endpoints, cloud adoption, and remote work, the demand for robust, real-time managed security solutions continues to surge, positioning MSSPs as critical partners in enterprise security strategies.

Another significant driver is the growing regulatory pressure and compliance mandates imposed by governments and industry bodies worldwide. Regulations such as GDPR, HIPAA, PCI DSS, and others require organizations to implement stringent data protection measures, regular security assessments, and incident reporting protocols. Managed security services offer specialized expertise to help organizations navigate these complex regulatory environments, ensuring ongoing compliance and minimizing the risk of costly data breaches or penalties. This regulatory landscape is particularly influential in sectors such as BFSI, healthcare, and government, where data sensitivity and privacy are paramount.

The rapid adoption of cloud computing and hybrid IT environments is also propelling the managed security services market forward. As organizations migrate critical workloads to the cloud and embrace distributed architectures, the traditional security perimeter dissolves, creating new vulnerabilities. MSSPs are evolving their offerings to provide integrated security across on-premises, cloud, and hybrid environments, leveraging advanced technologies such as AI, machine learning, and automation for enhanced threat detection and response. This evolution aligns with the growing need for flexible, scalable, and cost-effective security solutions that can adapt to dynamic business requirements and emerging threat vectors.

From a regional perspective, North America currently dominates the managed security services market, accounting for the largest share due to the early adoption of advanced cybersecurity solutions, the presence of major MSSPs, and a highly regulated business environment. However, the Asia Pacific region is witnessing the fastest growth, fueled by rapid digitalization, increasing cyber threats, and heightened awareness of cybersecurity best practices among enterprises. Europe follows closely, driven by stringent data protection regulations and a strong emphasis on privacy. Latin America and the Middle East & Africa are also emerging as promising markets, supported by growing investments in IT infrastructure and a rising focus on cybersecurity resilience.

Service Type Analysis

The managed security services market is segmented by service type into managed IAM (Identity and Access Management), managed firewall, managed SIEM (Security Information and Event Management), managed UTM (Unified Threat Management), managed DDoS, managed endpoint security, and others. Among these, managed SIEM and managed firewall services hold a substantial share, as organizations prioritize comprehensive visibility

Report of Managed Security Services Providers (MSSPs) Market is covering the summarized study of several factors encouraging the growth of the market such as market size, market type, major regions and end user applications. By using the report customer can recognize the several drivers that impact and govern the market. The report is describing the several types of Managed Security Services Providers (MSSPs) Industry. Factors that are playing the major role for growth of specific type of product category and factors that are motivating the status of the market.

The Managed Security Services Providers (MSSPs) market is experiencing significant growth, with a market size valued at XXX million in 2025 and projected to reach XXX million by 2033, exhibiting a CAGR of XX%. The market is driven by the increasing adoption of cloud computing, the rising incidence of cyber threats, and the need for organizations to comply with stringent data security regulations. Furthermore, the demand for managed security services is also being fueled by the growing complexity of IT infrastructure and the shortage of skilled cybersecurity professionals. Key trends shaping the MSSPs market include the adoption of artificial intelligence (AI) and machine learning (ML) for threat detection and response, the convergence of security and networking services, and the emergence of managed detection and response (MDR) services. The market is also witnessing the rise of specialized MSSPs that focus on specific industries or offer tailored solutions for various business needs. Leading players in the MSSPs market include IBM, AT&T, Verizon, SecureWorks, Trustwave, CenturyLink, Herjavec Group, Alert Logic, Wipro, NTT Security, Accenture, Capgemini, Cognizant, Deloitte, Atos, DXC Technology, Fujitsu, Lumen Technologies, Symantec (Broadcom), Orange Cyberdefense, Cipher, ScienceSoft, SecurityHQ, Telefónica Tech, Ntirety, Ensign InfoSecurity, BT, eSentire, Kroll, and ECS Federal.

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...

The Co-Managed Security Monitoring Services market is experiencing robust growth, driven by increasing cyber threats, the rising adoption of cloud-based infrastructure, and the growing need for cost-effective security solutions among small and medium-sized enterprises (SMEs). The market's expansion is fueled by the demand for advanced threat detection and response capabilities that extend beyond the resources of in-house IT teams. This co-managed model allows organizations to leverage the expertise of specialized security providers while retaining some level of internal control, offering a balance between cost efficiency and security effectiveness. The market is segmented by application (e.g., cloud security, endpoint security, network security) and type (e.g., threat detection and response, security information and event management (SIEM), vulnerability management). Geographic regions like North America and Europe currently hold significant market shares due to advanced technological infrastructure and stringent data privacy regulations. However, emerging economies in Asia-Pacific are witnessing rapid growth due to increasing digitalization and rising cybersecurity awareness. Market restraints include the complexity of integrating various security tools and the potential skills gap in managing co-managed security solutions. However, the ongoing advancements in artificial intelligence (AI) and machine learning (ML) are expected to mitigate these challenges, enhancing the efficiency and accuracy of threat detection and response. Furthermore, the market is expected to see consolidation through mergers and acquisitions as larger security companies acquire smaller specialized firms. This trend will likely lead to increased service offerings and broader market reach. The overall forecast suggests sustained market growth over the next decade, driven by the continuous evolution of cyber threats and the increasing reliance on technology across all sectors. A realistic CAGR of 15% for the next decade seems reasonable, considering the factors mentioned above.

Managed Security Services Market Outlook 2032

The global managed security services market size was valued at USD 32.2 Billion in 2023 and is likely to reach USD 88 Billion by 2032, expanding at a CAGR of 15.4% during the forecast period,2024–2032. The market growth is attributed to the increasing complexity of business operations and a number of cyber threats.



Increasing number of cyber threats is expected to drive the managed security services market. Cybercriminals are becoming sophisticated and are using advanced techniques to breach security systems. This escalating threat landscape is anticipated to drive businesses to seek the expertise of managed security service providers (MSSPs) to protect their critical data and IT infrastructure.

Growing complexity of business operations is projected to propel the market during the forecast period. Businesses expand and diversify, their operations become complex. This complexity often extends to their IT infrastructure, making it challenging to manage and secure. The growing complexity of business operations is projected to spur demand for MSSPs, who provide comprehensive security solutions that address the unique needs of each business.

Impact of Artificial Intelligence (AI) in Managed Security Services Market

The use of artificial intelligence is likely to provide substantial propulsion to the managed security services market. AI-powered security solutions analyze vast amounts of data in real time, identify patterns, and detect anomalies that indicate a security threat. This ability to process and analyze data at an unprecedented speed and scale enables security service providers to identify and mitigate threats before they cause significant damage.



AI automates routine security tasks, freeing up security professionals to focus on complex and strategic issues. This improves the efficiency of security operations and reduces the risk of human error, which is a co

The Managed Security Operations Center (MSOC) market is experiencing robust growth, driven by the escalating frequency and sophistication of cyberattacks targeting businesses globally. The increasing reliance on cloud-based infrastructure and the expanding attack surface presented by the Internet of Things (IoT) are key factors fueling this demand. Organizations are increasingly outsourcing their security operations to MSOC providers to leverage their expertise, advanced technologies, and economies of scale. This allows businesses to focus on their core competencies while ensuring robust protection against cyber threats. We estimate the 2025 market size to be approximately $15 billion, based on observed growth trends in related cybersecurity sectors. A Compound Annual Growth Rate (CAGR) of 15% is projected for the period 2025-2033, indicating a significant expansion of the market over the forecast period. This growth is further supported by the rising adoption of advanced security technologies such as artificial intelligence (AI) and machine learning (ML) within MSOCs, enhancing their threat detection and response capabilities. The market's growth, however, is not without its challenges. One significant restraint is the skills gap in cybersecurity professionals, leading to a shortage of qualified personnel to manage and operate MSOCs effectively. Furthermore, the complexity of integrating various security tools and technologies within an MSOC can pose a significant hurdle for both providers and clients. Despite these challenges, the long-term outlook for the MSOC market remains positive, fueled by continuous technological advancements and the increasing awareness of cybersecurity risks among organizations of all sizes. Market segmentation reveals significant opportunities in cloud-based MSOCs, specialized industry solutions (e.g., healthcare, finance), and geographic expansion into emerging markets. Key players are strategically investing in research and development, mergers and acquisitions, and partnerships to enhance their market position and cater to the evolving needs of their clients.

The co-managed security monitoring services market is experiencing robust growth, driven by the increasing sophistication of cyber threats and the rising adoption of cloud technologies. Businesses of all sizes, particularly those in financially sensitive sectors like Financial Services and Healthcare, are increasingly outsourcing aspects of their security monitoring to specialized providers. This allows them to leverage expert knowledge and advanced technologies without the significant capital expenditure associated with building and maintaining an in-house security operations center (SOC). The market is segmented by deployment type (cloud-based and on-premises), with cloud-based solutions gaining significant traction due to their scalability, cost-effectiveness, and accessibility. Key players like Secureworks, Trustwave, and FireEye Mandiant are actively expanding their co-managed offerings, fostering competition and driving innovation within the sector. The North American market currently holds a substantial share, but significant growth opportunities exist in regions like Asia Pacific and Europe, fueled by increasing digitalization and stringent data privacy regulations. The market's growth is projected to continue at a healthy CAGR, driven by factors such as the expanding attack surface from IoT devices and the increasing demand for proactive threat detection and response. This trend is further amplified by the rise in ransomware attacks and data breaches, making robust security monitoring a critical necessity for businesses. The on-premises segment, while currently smaller than the cloud-based segment, retains relevance for organizations with stringent data residency requirements or sensitive legacy systems. However, the overall trend points towards a clear shift towards cloud-based solutions due to their flexibility and ability to scale with business needs. Growth within specific application segments, such as Education and Retail & E-commerce, is expected to outpace the overall market average, reflecting the growing importance of data security in these increasingly digital sectors. While challenges such as integration complexities and the need for skilled personnel remain, the market is poised for substantial expansion throughout the forecast period (2025-2033), making it an attractive investment opportunity. Competitive pricing strategies and the development of more comprehensive and user-friendly solutions are likely to further drive market growth.

UAE managed security services market was valued at USD 512.55 million in 2024 and is anticipated to reach USD 1,113.82 million by 2030 with a CAGR of 13.64% through 2030.

The Managed Security Services (MSS) market is experiencing robust growth, projected to reach $34.61 billion in 2025 and maintain a Compound Annual Growth Rate (CAGR) of 12.24% from 2025 to 2033. This expansion is fueled by several key factors. The increasing sophistication and frequency of cyberattacks across various industries—from BFSI and government to healthcare and retail—are driving strong demand for proactive security solutions. Businesses are increasingly outsourcing their security needs to specialized MSS providers, leveraging their expertise in threat prevention, intrusion detection, and vulnerability management. The shift towards cloud-based deployments is also a significant driver, as organizations seek scalable and flexible security solutions to protect their cloud infrastructure and data. Furthermore, the rise of advanced persistent threats (APTs) and the increasing complexity of regulatory compliance requirements are further bolstering market growth. The MSS market is segmented by deployment type (on-premise and cloud), solution type (intrusion detection and prevention, threat prevention, DDoS mitigation, firewall management, endpoint security, and risk assessment), service provider (IT service providers, managed security specialists, and telecom service providers), and end-user industry. The cloud segment is expected to witness the fastest growth due to its scalability and cost-effectiveness. Within solution types, threat prevention and intrusion detection/prevention solutions are experiencing high demand due to their critical role in mitigating cyber risks. North America currently holds a significant market share due to the early adoption of advanced security technologies and a high concentration of key players. However, Asia-Pacific is projected to experience substantial growth during the forecast period driven by rising digitalization and increasing cybersecurity awareness. The competitive landscape is characterized by a mix of established players and emerging niche providers, leading to innovation and price competition within the market. Recent developments include: January 2024 - Atturra partnered with Sydney-based startup MyCISO to underpin its managed service for security program management in the education and commercial sectors. The MyCISO SaaS platform is designed to power and deliver assessments and management of security programs., September 2023 - MicroAge, a digital transformation expert, announced the launch of MicroAge Managed Security Services (MSS) with proactive cybersecurity monitoring and support. MicroAge Managed Security Services offers round-the-clock, expert security monitoring of the client’s technology environment, helping to reduce alert fatigue and providing incident detection, response, and resolution.. Key drivers for this market are: Rising Cyber Crime, Digital Disruption, and Increased Compliance Demands, Need for Threat Detection and Intelligence at an Early Stage Driving the Market Growth. Potential restraints include: Rising Cyber Crime, Digital Disruption, and Increased Compliance Demands, Need for Threat Detection and Intelligence at an Early Stage Driving the Market Growth. Notable trends are: BFSI Sector to be the Fastest-growing End-user Industry.

The Cybersecurity as a Service (CSaaS) market is experiencing robust growth, driven by the increasing reliance on cloud computing, the expanding attack surface of digital assets, and the rising demand for cost-effective and scalable security solutions. The market's Compound Annual Growth Rate (CAGR) is estimated to be around 15% between 2025 and 2033, indicating a significant expansion. This growth is fueled by several key factors, including the increasing sophistication of cyber threats, the growing need for proactive threat detection and response, and the limited cybersecurity expertise within many organizations. Businesses of all sizes, from small and medium-sized enterprises (SMEs) to large corporations, are increasingly adopting CSaaS solutions to address their security needs, preferring the pay-as-you-go model and readily available expertise over large capital expenditures in on-premise infrastructure and staffing. The market segmentation reveals a diverse landscape of service providers, including specialized CSaaS vendors, large IT security firms, and consulting companies. Key players like Sophos, Kaspersky, and EY are competing for market share, offering a wide range of services, from basic security information and event management (SIEM) to advanced threat intelligence and incident response. The geographical distribution of the market shows strong growth in North America and Europe, driven by high technology adoption and a robust regulatory environment promoting cybersecurity best practices. However, emerging markets in Asia-Pacific and Latin America are also exhibiting significant potential, driven by increasing digitalization and the growing awareness of cybersecurity risks. The primary restraints to market growth are concerns over data privacy, integration complexities, and the lack of comprehensive security awareness among end-users. Overcoming these challenges through robust vendor partnerships, improved user education, and data privacy compliance will be critical for continued market expansion.

The Co-Managed Security Monitoring Services market is experiencing robust growth, driven by the increasing sophistication of cyber threats and the rising adoption of cloud-based infrastructure. Organizations of all sizes are increasingly recognizing the need for comprehensive security solutions that combine the expertise of a managed security service provider (MSSP) with the control and customization offered by an in-house security team. This co-managed approach allows businesses to leverage specialized security skills without incurring the high costs associated with building and maintaining a fully internal security operations center (SOC). The market is segmented by application (e.g., cloud security, endpoint security, network security) and service type (e.g., threat detection, incident response, vulnerability management). Growth is fueled by factors such as the increasing prevalence of ransomware attacks, stringent data privacy regulations (like GDPR and CCPA), and the need for 24/7 security monitoring. Furthermore, the market is witnessing a shift towards AI-powered security analytics, enhancing threat detection capabilities and improving the efficiency of security operations. The global market is geographically diverse, with North America currently holding a significant market share due to the early adoption of advanced security technologies and a strong presence of major MSSPs. However, the Asia-Pacific region is expected to witness the highest growth rate over the forecast period, driven by increasing digitalization and rising cybersecurity awareness in emerging economies like India and China. Europe also presents a significant market opportunity due to the robust regulatory landscape and the concentration of large enterprises. While factors like the high initial investment for implementation and the complexity of integrating co-managed solutions can pose some challenges, the overall market outlook remains positive, with sustained growth projected through 2033. The competitive landscape is characterized by a mix of established MSSPs and specialized security vendors, leading to increased innovation and competitive pricing.