IMARC Group, a leading market research company, has recently released a report titled “Managed Security Services Market Report by Type (Managed SIEM, Managed UTM, Managed DDoS, Managed XDR, Managed IAM, Managed Risk and Compliance, and Others), Deployment Mode (On-premises, Cloud-based), Enterprises Size (Small and Medium-Sized Enterprises, Large Enterprises), Vertical (BFSI, Healthcare, Manufacturing, IT and Telecom, Retail, Defense/Government, and Others), and Region 2025-2033”. The study provides a detailed analysis of the industry, including the global managed security services market trends, trends, size, and industry trends forecast. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
The global managed security services market size reached USD 35.5 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 94.6 Billion by 2033, exhibiting a growth rate (CAGR) of 10.94% during 2025-2033.
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Managed Security Services Market Trends
The managed security services market is poised for significant growth. This is driven by increasing cyber threats, the need for compliance, and a shift to cloud computing.
By 2024, demand for comprehensive security solutions will rise. Organizations will increasingly turn to managed security service providers (MSSPs) for support. They will also turn to MSSPs to meet complex data protection laws. The move to cloud computing will create a need for specialized security. Organizations will seek tailored solutions for their cloud environments.
As these trends develop, market stakeholders must adapt. They need to meet diverse organizational needs and protect against new cyber threats.
Factors Affecting the Growth of the Managed Security Services Industry:
Increasing Cybersecurity Threats
The managed security services market is growing fast. Cyber threats are becoming more common and complex. Organizations now face challenges such as ransomware, data breaches, and advanced threats.
By 2024, better security will be essential for protecting data and complying with regulations. The move to remote work and digital solutions has increased vulnerability. As a result, many companies are seeking help from Managed Security Service Providers (MSSPs). These providers help in detecting threats, responding to incidents, and managing vulnerabilities. They leverage artificial intelligence and machine learning to enhance their responses. This trend shows a growing reliance on external security experts. It highlights the need for proactive measures.
Regulatory Compliance and Data Protection
Many businesses are now using managed security services. They need to meet complex data protection laws and standards.
By 2024, key regulations such as GDPR and CCPA will push firms to adopt strong security. Non-compliance may lead to hefty fines and damage reputations. Many organizations now seek help from MSSPs to navigate these challenges. They ensure compliance in data encryption, access controls, and incident reporting. The focus on meeting regulatory requirements is boosting investment in managed security services. This trend helps companies’ lower risks and boost security amid changing rules.
Shift Toward Cloud Security Solutions
Cloud computing is changing the managed security services market. Organizations now need specialized security for cloud setups. By 2024, the demand for cloud security services is expected to grow. This growth is due to more businesses shifting their operations to the cloud. While cloud providers offer basic security, many organizations seek additional protection. Managed security service providers (MSSPs) are stepping up to meet this demand. They offer solutions for threat detection, identity management, and compliance.
As businesses seek the cloud’s flexibility, they will need these services more. This trend drives MSSPs to create new solutions for cloud security. It is a response to new security challenges. As a result, the market is growing.
Managed Security Services Market Report Segmentation:
Type:
- Managed SIEM
- Managed UTM
- Managed DDoS
- Managed XDR
- Managed IAM
- Managed Risk and Compliance
- Others
Managed SIEM leads the market, focusing on security information and event management solutions.
Deployment Mode:
- On-premises
- Cloud-based
Cloud-based solutions dominate, offering scalable and flexible security services.
Enterprise Size:
- Small and Medium-Sized Enterprises
- Large Enterprises
Large enterprises hold the majority share, benefiting from comprehensive managed security services.
Vertical:
- BFSI
- Healthcare
- Manufacturing
- IT and Telecom
- Retail
- Defense/Government
- Others
The BFSI sector represents the largest market share, driven by stringent security requirements and regulatory compliance.
Regional Markets:
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East and Africa
North America holds the largest market share, supported by advanced technology adoption and a robust cybersecurity framework.
Competitive Landscape with Key Players:
The competitive landscape of the managed security services market size has been studied in the report with the detailed profiles of the key players operating in the market.
Some of These Key Players Include:
- AT&T Inc.
- Atos SE
- BAE Systems plc
- Broadcom Inc.
- BT Group plc
- Capgemini SE
- DXC Technology Company
- International Business Machines Corporation
- SecureWorks Inc. (Dell Inc)
- Trustwave Holdings, Inc.
- Verizon
- Wipro Limited
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Key Highlights of the Report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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