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Managed Security Services Market

Managed Security Services Market

Managed Security Services Market by Service (Cloud Security, End-point Security, Network Security, and Others), By Application (Managed IPS and IDS, Distributed Denial of Services (DDoS), Unified Threat Management (UTM), and Others), and By End Use Industry (BFSI, Healthcare, Telecom & IT, and Others) - Global Forecast till 2032


  • Industry: ICT
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  • SKU: 38
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  • Format: PDF
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  • No. of Pages: 350
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  • Published Date:
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Licence Type:  

Global managed security services market was valued at $ 25.4 billion in 2022 and is likely to reach $ 86.8 billion by 2032, registering a CAGR of 12.8% over the forecast period of 2023-2032. Managed Security Services (MSS) refer to comprehensive cybersecurity solutions outsourced to expert providers. MSS involves proactive monitoring, threat detection, and incident response, augmenting organizations' defence capabilities. By offering continuous improvement, customization, and cost-effective models, MSS fortifies digital perimeters, ensuring robust protection against evolving cyber threats.

In today’s growing landscape of cyber threats, Managed Security Services (MSS) have become safeguards, for organizations venturing into the digital realm. With the increasing complexity and frequency of cyber threats businesses are seeking the expertise and continuous monitoring that MSS offers. It's like having a guardian that not only builds protective barriers but also actively patrols to detect potential risks.

MSS has become a necessity in this game of digital chess, where threats are constantly evolving. Organizations understand the importance of taking measures to stay ahead of cyber adversaries. MSS providers not offer adaptability. Also anticipate future challenges by remaining vigilant against ever changing tactics employed by cyber threats. As cyber-attacks grow in sophistication MSS becomes an ally providing tools and real time threat intelligence. It's similar to having a partner who comprehends the nature of digital risks. In this changing landscape MSS goes beyond being a service – it serves as a proactive defence mechanism assisting organizations in strengthening their digital defences and navigating through the complexities posed by an increasingly challenging cybersecurity environment. As the digital battlefield expands MSS stands as an ally that ensures organizations are well prepared to confront and conquer evolving threats, in the realm of cybersecurity.

Source: Secondary Research, Primary Research, MRP Database and Analyst Review

The increasing complexity of todays IT environments has led to a demand, for Managed Security Services (MSS). As organizations embrace technologies like cloud computing, IoT and intricate networks the challenge of securing these environments becomes more significant. MSS plays a role by offering a security solution that can easily adapt to the intricacies of modern IT infrastructures. Organizations are faced with the need for expertise to protect their evolving technology ecosystems effectively. MSS providers, equipped with tools and deep knowledge of technologies offer customized security measures that address the specific vulnerabilities present in complex IT environments.

The relationship between the growing complexity of IT systems and the adoption of MSS is mutually beneficial. As digital landscapes become intricate organizations recognize the importance of outsourcing their security needs to experts who possess the skills to navigate this complexity efficiently. MSS acts as a guardian by not understanding this complexity but also simplifying it for organizations ensuring that security measures are as sophisticated as the environments they protect. The continuous increase, in cyber-attack sophistication serves as a signal for organizations to strengthen their defences, which is driving the adoption of Managed Security Services (MSS).

In today’s landscape we face a growing challenge, from cyber adversaries who employ sophisticated strategies. These threats require us to adopt adaptable defence mechanisms to stay ahead. In this digital cat-and-mouse game, MSS emerges as the proactive strategist, offering not just reactive solutions but a comprehensive shield against evolving threats. Traditional security measures often falter against the ingenuity of modern cyber-attacks, making MSS an indispensable ally in the quest for robust cybersecurity.

The symbiosis between the escalating sophistication of cyber threats and the adoption of MSS is evident. As attacks become more intricate, organizations recognize the necessity of engaging expert services that specialize in pre-emptive threat detection, real-time monitoring, and adaptive response strategies. MSS providers assume the role of digital guardians, actively foreseeing and thwarting cyber threats instead of merely responding to them. The heightened sophistication of cyber attacks emphasizes the pivotal role of MSS in navigating the complex and constantly changing cybersecurity landscape. This ensures that organizations possess the necessary tools to effectively confront and prevail over the dynamic challenges presented by advanced digital threats.

Managed security services Market Overview

Market Attributes

Details

Market Size in 2022

$ 25.4 billion

Market Size in 2032

$ 86.8 billion

Forecast Period

2023-2032

CAGR

12.8%

Market Dynamics

·        Drivers

o   Increasing Cyber Threat Landscape

o   Growing Complexity of IT Environments

·        Restraints

o   Data Privacy Concerns

o   Dependency on Service Providers

·        Opportunities

o   Global Expansion of Cyber Threats

o   Rising Adoption in SMEs

Segments Covered in the report

·        By Service

o   Cloud Security

o   End-point Security

o   Network Security

o   Others

·        By Application

o   Managed IPS and IDS

o   Distributed Denial of Services (DDoS)

o   Unified Threat Management (UTM)

o   Others

·        By End Use Industry

o   BFSI

o   Healthcare

o   Telecom & IT

o   Others

Regions Covered in the Report

·        North America

o   U.S.

o   Canada

o   Mexico

·        Latin America

o   Brazil

o   Argentina

o   Rest of Latin America

·        Europe

o   Germany

o   UK

o   France

o   Russia

o   Italy

o   Spain

o   Rest of Europe

·        Asia-Pacific

o   China

o   Japan

o   India

o   South Korea

o   Australia

o   Rest of Asia-Pacific

·        Middle East & Africa

o   Israel

o   UAE

o   Saudi Arabia

o   Iran

o   Rest of MEA

Companies

·        AT&T Intellectual Property

·        Broadcom

·        BT Group

·        Check Point Software Technologies Ltd.

·        Cisco System Inc.

·        DXC Technology Company

·        Fortinet Inc.

·        Hewlett Packard Enterprise Development LP

·        IBM Corporation

·        SecureWorks Inc.

1: Introduction

1.1 Report Description

1.2 Overview of Managed Security Services

1.3 Evolution and Advancements in Managed Security Services

1.4 Market Segmentation and Scope

1.5 Research Methodology

2: Executive Summary

2.1 Key Findings

2.2 Market Trends and Insights

2.3 Key Market Players

2.4 Future Outlook

3: Market Dynamics

3.1 Market Drivers

3.2 Market Restraints

3.3 Market Opportunities

3.4 Porter's Five Forces Analysis

3.5 Value Chain Analysis

3.6 Impact of COVID-19 on the Managed Security Services Market

4: Managed Security Services Market, by Service

4.1 Overview

4.2 Cloud Security

4.2.1 Key Market Trends

4.2.2 Market Size, 2022-2032

4.3 End-point Security

4.3.1 Key Market Trends

4.3.2 Market Size, 2022-2032

4.4 Network Security

4.4.1 Key Market Trends

4.4.2 Market Size, 2022-2032

4.5 Others

4.5.1 Key Market Trends

4.5.2 Market Size, 2022-2032

5: Managed Security Services Market, by Application

5.1 Managed IPS and IDS

5.1.1 Key Market Trends

5.1.2 Market Size, 2022-2032

5.2 Distributed Denial of Services (DDoS)

5.2.1 Key Market Trends

5.2.2 Market Size, 2022-2032

5.3 Unified Threat Management (UTM)

5.3.1 Key Market Trends

5.3.2 Market Size, 2022-2032

5.4 Others

5.4.1 Key Market Trends

5.4.2 Market Size, 2022-2032

6: Managed Security Services Market, by End Use Industry

6.1 BFSI

6.1.1 Key Market Trends

6.1.2 Market Size, 2022-2032

6.2 Healthcare

6.2.1 Key Market Trends

6.2.2 Market Size, 2022-2032

6.3 Telecom & IT

6.3.1 Key Market Trends

6.3.2 Market Size, 2022-2032

6.4 Others

6.4.1 Key Market Trends

6.4.2 Market Size, 2022-2032

7: Regional Analysis

7.1   North America

7.1.1. U.S.

7.1.2 Canada

7.1.3 Mexico

7.2 Latin America

8.2.1 Brazil

8.2.2 Argentina

8.2.3 Rest of Latin America

8.3 Europe

8.3.1 Germany

8.3.2 UK

8.3.3 France

8.3.4 Russia

8.3.5 Italy

8.3.6 Spain

8.3.7 Rest of Europe

8.4 Asia-Pacific

8.4.1 China

8.4.2 Japan

8.4.3 India

8.4.4 South Korea

8.4.5 Australia

8.4.6 Rest of Asia-Pacific

8.5 Middle East & Africa

8.5.1 Israel

8.5.2 UAE

8.5.3 Saudi Arabia

8.5.4 Iran

8.5.5 Rest of MEA

9: Competitive Landscape

9.1 AT&T Intellectual Property

9.1.1 Overview

9.1.2 Product Portfolio

9.1.3 Financial Performance

9.1.4 Recent Developments

9.2 Broadcom

9.2.1 Overview

9.2.2 Product Portfolio

9.2.3 Financial Performance

9.2.4 Recent Developments

9.3 BT Group

9.3.1 Overview

9.3.2 Product Portfolio

9.3.3 Financial Performance

9.3.4 Recent Developments

9.4 Check Point Software Technologies Ltd.

9.4.1 Overview

9.4.2 Product Portfolio

9.4.3 Financial Performance

9.4.4 Recent Developments

9.5 Cisco System Inc.

9.5.1 Overview

9.5.2 Product Portfolio

9.5.3 Financial Performance

9.5.4 Recent Developments

9.6 DXC Technology Company

9.6.1 Overview

9.6.2 Product Portfolio

9.6.3 Financial Performance

9.6.4 Recent Developments

9.7 Fortinet Inc.

9.7.1 Overview

9.7.2 Product Portfolio

9.7.3 Financial Performance

9.7.4 Recent Developments

9.8 Hewlett Packard Enterprise Development LP

9.8.1 Overview

9.8.2 Product Portfolio

9.8.3 Financial Performance

9.8.4 Recent Developments

9.9 IBM Corporation

9.9.1 Overview

9.9.2 Product Portfolio

9.9.3 Financial Performance

9.9.4 Recent Developments

9.10 SecureWorks Inc.

9.10.1 Overview

9.10.2 Product Portfolio

9.10.3 Financial Performance

9.10.4 Recent Developments

10: Investment Analysis

11: Market Opportunity and Trends

At MRP, we take pride in our robust and reliable research methodology, which forms the foundation of every report. Our systematic approach ensures the generation of valuable insights and actionable recommendations. Here's an overview of our research methodology:

1. Defining Research Objectives
2. Conduct Literature Review
3. Formulate Research Questions
4. Choose Appropriate Data Collection Methods
5. Sample Selection
6. Data Collection
7. Data Analysis
8. Prepare Actionable Recommendations
9. Peer Review and Quality Assurance
10. Report Presentation

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FAQ

The Market Value of Managed security services in 2022 was $ 25.4 billion
The global managed security services market is studied from 2022-2032
The growth rate of global Managed security services Market in 12.8%
The major countries in managed security services market are U.S., Canada, Mexico, Brazil, Argentina, Rest of Latin America, Germany, UK, France, Russia, Italy, Spain, Rest of Europe, China, Japan, India, South Korea, Australia, Rest of Asia-Pacific, Israel, UAE, Saudi Arabia, Iran, and Rest of MEA
The Market Value of Managed security services in 2032 will be $ 86.8 billion