How big is the Managed Security Services Market?

The Managed Security Services Market size is expected to reach USD 34.61 billion in 2024 and grow at a CAGR of 12.24% to reach USD 61.64 billion by 2029. Read More

What is the current Managed Security Services Market size?

In 2024, the Managed Security Services Market size is expected to reach USD 34.61 billion. Read More

Who are the key players in Managed Security Services Market?

AT&T Inc., Secureworks Corp., Broadcom Inc., Trustwave Holdings, Inc. (the Chertoff Group) and Fortra, Llc are the major companies operating in the Managed Security Services Market. Read More

Which is the fastest growing region in Managed Security Services Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Managed Security Services Market?

In 2024, the North America accounts for the largest market share in Managed Security Services Market. Read More

What years does this Managed Security Services Market cover, and what was the market size in 2023?

In 2023, the Managed Security Services Market size was estimated at USD 30.37 billion. The report covers the Managed Security Services Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Managed Security Services Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What are the key factors driving the Security Managed Services Market?

The Security Managed Services Market is driven by: a) Increasing complexity of cyber threats b) Need for compliance with various regulations c) Shortage of skilled cybersecurity professionals d) Cost benefits of outsourcing security management Read More

Managed Security Services Market Size

Managed Security Services Market Size - Industry Report on Share, Growth Trends & Forecasts Analysis (2024 - 2029)

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

Managed Security Services Industry Overview

The managed security services market is highly fragmented due to the presence of both global players and small- and medium-sized enterprises. Some of the major players in the market are AT&T Inc., SecureWorks Corp., Broadcom Inc., Trustwave Holdings Inc. (the Chertoff Group), and Fortra LLC. Players in the market are adopting strategies such as partnerships and acquisitions to enhance their product offerings and gain sustainable competitive advantage.

November 2023 - AT&T announced an agreement to create a standalone managed cybersecurity services business and a capital investment in that business from a Chicago-based investor - WillJam Ventures. Expected to close in 1Q24, the newly managed cybersecurity joint venture will hold associated managed security operations, select security software solutions, and security consulting resources.
October 2023 - Trustwave Holdings Inc. announced the launch of Trustwave Managed SIEM for Microsoft Sentinel. Trustwave’s latest offering is designed to help businesses using Microsoft Sentinel with improved security capabilities, optimized return on investment, and rapid response times.