The 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, Transportation and Logistics, and more), and By Geography (North America, Europe, Asia, and more).

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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 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.

The Asia-Pacific Security Services Market report segments the industry into Service Type (Managed Security Services, Professional Security Services, Consulting Services, Threat Intelligence Security Services), Mode of Deployment (On-premise, Cloud), End-user Industry (IT and Infrastructure, Government, Industrial, Healthcare, Transportation and Logistics, and more), and Country.

Europe Security Services Market is Segmented by Service Type (Managed Security Services, Professional Security Services, and More), Security Domain (Cyber Security Services, Physical Security Services), Deployment Mode (On-Premise, Cloud, Hybrid), Organisation Size (Large Enterprises, Smes), End-User Industry (IT and Infrastructure, , and More), and by Geography. The Market Forecasts are Provided in Terms of Value (USD).

Managed security services (MSS) Market size is expected to be worth around USD 74.2 Billion by 2032 , growing at a CAGR of 11.40%.

In 2020, Asia overtook Europe and North America to become the largest market for security services worldwide, valued at ** billion U.S. dollars. Europe was the second largest security services market, valued at ** billion U.S. dollars. Security services The security services market can be broadly divided into three main segments: security systems (for example for home or commercial real estate), private security guards and security consulting services. There is much cross over between these segments, for example with security guards being part of an overall security system, which in turn was created through security consulting services. IT security is also sometimes included as part of the security services industry but not always. Taken alone, IT security has a similar total market value to the entire traditional security services industry. Global leaders The global security services market is very concentrated, with there being four main multinational providers. Securitas and G4S are the largest of these four; both companies reporting revenue streams of approximately ** billion U.S. dollars in 2020. Allied Universal is another main global company for security service. There are other large security companies but they do not operate in multiple regions. For example, ADT are also a multi-billion dollar security provider but their services are limited to the North American market.

Cyber Security Services Market size was valued at USD 135.02 billion in 2019 and is poised to grow from USD 153.65 billion in 2023 to USD 424.97 billion by 2031, growing at a CAGR of 13.8% in the forecast period (2024-2031).

Private Security Services Market Size And Forecast

Private Security Services Market size was valued at USD 9.8 Billion in 2023 and is projected to reach USD 18 Billion by 2031, growing at a CAGR of 9% during the forecast period 2024-2031.

Global Private Security Services Market Drivers

The market drivers for the Private Security Services Market can be influenced by various factors. These may include:

Increasing Crime Rates: The rise in crime rates globally significantly fuels demand for private security services. As urban areas become more populated, the likelihood of crimes like theft, vandalism, and violence increases, prompting individuals and businesses to seek enhanced protection. Private security services provide tailored solutions that effectively address these security concerns. Moreover, high-profile incidents of crime, including terrorism and organized crime, have heightened public awareness and fear, resulting in a greater willingness to invest in personal and property security. Organizations, particularly those in high-risk industries, are prioritizing security measures to ensure safety and mitigate potential losses, thus driving market growth. Rising Concerns Over Public Safety: Public safety concerns are increasingly becoming a catalyst for the growth of the Private Security Services Market. Events like mass shootings, civil unrest, and natural disasters elevate anxiety among citizens, leading to a demand for supplementary security measures. Governments may struggle to provide adequate public safety, further incentivizing individuals and corporations to turn to private security firms. Consequently, the demand for security personnel, surveillance systems, and emergency response solutions is on the rise. The desire for safer environments, especially in public spaces such as malls, schools, and events, is pushing organizations to invest heavily in private security infrastructure. Growth Of The Corporate Sector: The expansion of the corporate sector plays a crucial role in driving the market for private security services. With more businesses setting up operations worldwide, there is a growing necessity to protect assets, intellectual property, and personnel. Corporate espionage, workplace violence, and theft are tangible threats that compel organizations to engage security services. The integration of advanced technologies, such as cyber-security and surveillance systems, further enhances the need for specialized security solutions tailored to corporate environments. As businesses seek to maintain a secure operational framework, private security providers are increasingly seen as vital partners in mitigating risks and ensuring continuity. Technological Advancements: Technological advancements are revolutionizing the Private Security Services Market, enhancing the attractiveness and effectiveness of these solutions. Innovations such as AI-driven surveillance systems, drones, biometric identification, and smart home security features have transformed traditional security measures. As technology becomes more sophisticated, customers are drawn to solutions that provide real-time monitoring, quick response capabilities, and detailed reporting. Moreover, the integration of cybersecurity services has become vital, given the rise in cyber threats. Companies offering modern, tech-integrated security solutions are better positioned to meet client needs, driving growth in the private security industry as businesses seek reliable and efficient security options.

Managed security services market size research report, identifies new revenue opportunity in managed security services driver industry. The report aims at estimating the market size and future growth of the managed security services based on product deployment product type, end-user, & region.

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

Managed Security Services Market size was valued at USD 2.45 Billion in 2024 and is projected to reach USD 4.02 Billion by 2032, growing at a CAGR of 6.38% from 2026 to 2032.• Escalating Cyber Threats: The primary drivers supporting the growth of the MSS market include growing cybercrime and the ever-changing nature of cyber threats, as cybercriminals create more complex attack strategies.• Cybersecurity Skills Shortage: A dearth of skilled cybersecurity specialists is a primary growth driver, with more than two-thirds of enterprises experiencing cybersecurity professional shortages, resulting in demand for external managed security services.

The Global Managed Security Services Market size is expected to reach $85.9 billion by 2031, rising at a market growth of 15.2% CAGR during the forecast period. The North America region witnessed 34% revenue share in this market in 2023. This dominance can be attributed to several factors, includin

Market Size statistics on the Security Services industry in the US

IT Security Services Market Outlook

The global IT Security Services market is witnessing significant growth, with a market size valued at USD 98.7 billion in 2023 and projected to reach approximately USD 200.1 billion by 2032, reflecting a robust CAGR of 8.4% during the forecast period. This upward trajectory is propelled by the increasing frequency of cyber threats, the proliferation of digital transformation initiatives across industries, and the heightened importance placed on data protection and regulatory compliance. As organizations expand their digital footprints, there is a mounting necessity to safeguard sensitive information and preserve customer trust, fueling the demand for comprehensive IT security services globally.

One of the primary growth factors driving the IT Security Services market is the rising sophistication and volume of cyber-attacks. Cybercriminals are becoming more adept at exploiting vulnerabilities in both traditional and cloud-based environments, prompting organizations to bolster their security frameworks. The need to defend against these sophisticated threats has led to increased investment in security services, particularly managed security services, as businesses seek expert assistance to monitor, detect, and respond to potential threats in real-time. Additionally, the regulatory landscape is becoming more stringent worldwide, with governments and industry bodies mandating stricter compliance measures. This has further accelerated the adoption of IT security services as organizations strive to meet these evolving regulatory requirements to avoid steep penalties.

Another significant factor contributing to market growth is the widespread adoption of cloud computing and the advent of the Internet of Things (IoT). As businesses migrate to cloud platforms, there is an increased need for robust security measures to protect cloud-native applications and infrastructure. Similarly, the explosion of IoT devices, which often lack inherent security features, has introduced new vulnerabilities, necessitating comprehensive security strategies that include risk assessment, consulting, and incident response services. The integration of artificial intelligence (AI) and machine learning (ML) in security solutions is also playing a crucial role in identifying and mitigating threats more effectively, thereby enhancing the overall efficacy of IT security services.

The growing demand for IT security services is further fueled by the increasing reliance on remote work arrangements, a trend that has been significantly accelerated by the COVID-19 pandemic. As remote work continues to be a norm, safeguarding remote endpoints and ensuring secure access to corporate networks has become critical. This shift has led to a surge in demand for security services that cater to remote work environments, such as virtual private networks (VPNs), endpoint protection, and secure access solutions. Organizations are recognizing the need to invest in comprehensive security services that provide visibility and control over remote devices, ensuring business continuity and minimizing the risk of data breaches.

Information Security Consulting has emerged as a vital component in the IT Security Services market, providing organizations with the expertise needed to navigate the complex landscape of cybersecurity threats and compliance requirements. As businesses increasingly recognize the importance of a proactive security posture, they are turning to consulting services to gain insights into potential vulnerabilities and to develop robust security strategies. These services are particularly valuable for organizations undergoing digital transformation, as they offer tailored solutions that align with specific business objectives and regulatory frameworks. By leveraging the expertise of information security consultants, companies can enhance their defenses, optimize their security investments, and ensure compliance with industry standards, thereby safeguarding their digital assets and maintaining customer trust.

Regionally, North America holds the largest share of the IT Security Services market, driven by the presence of major technology companies and a high level of awareness regarding cybersecurity threats. The Asia Pacific region, however, is anticipated to witness the fastest growth during the forecast period, attributed to rapid digitalization, increasing internet penetration, and government initiatives aimed at strengthening cybersecurity infrastructure. Europe also presents significant growth opportunities, fueled by the

The global manned security services market is expected to expand from USD 12,894.36 Million in 2024 to USD 21,597.06 Million by 2032, reaching USD 13,523.37 Million in 2025, with a CAGR of 6.7% from 2025 to 2032.

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).

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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

According to Cognitive Market Research, the global Managed Cyber Security Services Market size will be USD 28924.8 million in 2025. It will expand at a compound annual growth rate (CAGR) of 15.90% from 2025 to 2033.

North America held the major market share for more than 40% of the global revenue with a market size of USD 10702.18 million in 2025 and will grow at a compound annual growth rate (CAGR) of 13.7% from 2025 to 2033.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 8388.19 million.
APAC held a market share of around 23% of the global revenue with a market size of USD 6941.95 million in 2025 and will grow at a compound annual growth rate (CAGR) of 17.9% from 2025 to 2033.
South America has a market share of more than 5% of the global revenue with a market size of USD 1099.14 million in 2025 and will grow at a compound annual growth rate (CAGR) of 14.9% from 2025 to 2033.
Middle East had a market share of around 2% of the global revenue and was estimated at a market size of USD 1156.99 million in 2025 and will grow at a compound annual growth rate (CAGR) of 15.2% from 2025 to 2033.
Africa had a market share of around 1% of the global revenue and was estimated at a market size of USD 636.35 million in 2025 and will grow at a compound annual growth rate (CAGR) of 15.6% from 2025 to 2033.
Managed Detection and Response (MDR) category is the fastest growing segment of the Managed Cyber Security Services industry

Market Dynamics of Managed Cyber Security Services Market

Key Drivers for Managed Cyber Security Services Market

Increasing Number of Online Security Risks to Boost Market Growth

The market for managed cyber security services is anticipated to develop in the future due to the increasing number of online security risks. Threats to online security include a broad spectrum of malevolent actions that jeopardize the privacy, security, and integrity of data and systems that are linked to the internet. The proliferation of connected devices, new cyberthreats, cryptocurrencies and decentralized finance (DeFi), and weaknesses in software and systems are all contributing factors to the increase in online security risks. By offering ongoing monitoring, sophisticated threat identification, quick incident response, and all-encompassing security solutions, managed cyber security services are essential in protecting enterprises from the growing number of online security threats. For instance, the Identity Theft Resource Center, a non-profit organization based in the United States, announced in April 2023 that the number of data breach incidents reported in 2022 jumped by 68% to 1,862 breaches from 1,108 breaches in 2021. Thus, the market for managed cyber security services is driven by the growing number of online security risks.

Growing Demand for Adherence to Regulatory Mandates to Boost Market Growth

Government agencies throughout the world are enforcing strict laws and regulations to safeguard people's right to privacy, which is driving up the cost of managed security services. To protect personal data, for instance, the European Union passed the General Data Protection Regulation (GDPR). In a similar vein, customer privacy rights are the main emphasis of the California Customer Privacy Act (CCPA). Accordingly, private-sector enterprises are subject to the Personal Information Protection and Electronic Documents Act (PIPEDA). Furthermore, this rule is applicable to both foreign businesses that target clients throughout Canada and private Canadian-based businesses that gather consumer data throughout business operations. The need for managed security services (MSS) providers to help businesses put strong security measures in place is, therefore, growing as a result of this complicated compliance environment.

Restraint Factor for the Managed Cyber Security Services Market

Significant Lack of Skilled Workers Will Limit Market Growth

As technology develops, the infrastructure for managed security gets more complicated. In a virtual business, risks might emerge from a number of different places. Few skilled professionals are able to comprehend and react to sophisticated attacks despite the rise in crucial difficulties. Organizations face significant risks as a result of a severe lack of qualified security professionals. Network vulnerabilities are the focus of cyber attacks, which are used to gain access to the comp...

Discover the latest insights from Market Research Intellect's Security Services Market Report, valued at USD 200 billion in 2024, with significant growth projected to USD 350 billion by 2033 at a CAGR of 7.2% (2026-2033).