Managed Security Services Market

Industry Overview

The global market size of global Managed Security Services is expected to rise from USD 32.3 billion in 2023 to USD 55.8 billion by 2030, during the forecast period, at a Compound Annual Growth Rate (CAGR) of 7.8 percent. 

The main factors that contribute to the growth of the managed security services market include the rising number of cases of security breaches and higher possibilities of attacks at large and small organisational structures. 

Typically, the potential use cases have also enhanced the need for taking accurate measures across different industry verticals well in advance to protect their security posture, IoT, and technical developments in the cloud. This has given more importance to the Managed Security Service Providers (MSSPs). 

These service providers offer outsourced cybersecurity services to businesses, which include monitoring, management, and response to security threats and incidents. In addition, they offer a wide range of services including threat intelligence, intrusion detection, vulnerability management, intrusion prevention, compliance management, security event monitoring, and more.

These service providers can operate in-house or remotely, usually via the cloud, and offer a wide range of services to ensure security. This includes setting up a framework for more efficient security management or occurrence response. A lot of Managed Security Service Providers specialize in specific areas while others provide full outsourcing of information security programs of an enterprise.

Market Segmentation

Insight by Verticals

According to the diverse industry verticals, the global Managed Security Services market is divided into BFSI, government, retail, healthcare, IT, telecom, utilities, manufacturing, education, media and entertainment, travel, and logistics.

Out of all these industry verticals, the BFSI sector dominates the global Managed Security Services market because such services help a great deal in protecting the confidentiality of sensitive data and the overall security mechanism. Around-the-clock monitoring ensures better and instant incident response and remediation in case of a security breach or cyberattack. 

Insight by Organization Size

According to the size of the organisation, the global Managed Security Services market is divided into Small and Medium Size Enterprises (SMEs) and large enterprises. 

Out of these two categories, the SMEs segment is expected to grow at a faster rate during the forecast period mainly due to the lack of IT staffing to deal with complex cyber threats and compliance functions. The SMEs will outsource these functions to the MSS providers more and more and there will be a higher adoption of controlled security services due to growing knowledge of security threats. The spending will be more among these organisations regarding security and the service providers will be offering more competitive services and pricing models drive more companies to avail of their services.

Global Managed Security Services Market Report Coverage

Report Metric	Details
Historical Period	2018 - 2023
Base Year Considered	2024
Forecast Period	2025 - 2030
Market Size in 2023	U.S.D.  32.3 Billion
Revenue Forecast in 2030	U.S.D.  55.8 Billion
Growth Rate	7.8%
Segments Covered in the Report	By Verticals, By Geographies, and By Organization Size
Report Scope	Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Companies’ Strategic Developments; Market Share Analysis of Key Players; Company Profiling
Regions Covered in the Report	North America, Europe, Asia-Pacific, Middle East, and Rest of the World

Industry Dynamics 

Trends

There is a significant growth noticed in the number of security breaches and threats posing a larger threat to SMEs and large organisations. This is due to the rising complexities involved in the structure of information security due to the increasing size of it because of the globalisation of business.

Moreover, there is also a rise in the number of organised cyber-criminal groups practising malicious activities and posing higher security threats to organisations. Combined with the complex infrastructure, this is posing a serious problem in data protection management.

Growth Drivers

The growing need for the BFSI sector to protect the sensitive data of their clients, brand image, and regulatory compliance are the most significant growth drivers of the global Managed Security Services market.

In addition, in the healthcare and life science vertical, the need for controlled protection services such as Medical Device Penetration Testing, Network Segmentation for Medical Devices, Device Inventory and Risk Analysis, Medical Device Risk Assessments, and ongoing incident response also play a significant role in pushing the growth of this market.

Moreover, the healthcare sector also needs such efficient services to ensure strict compliance with the Health Insurance Portability and Transparency Act (HIPAA) and the Payment Card Industry Data Security Standard (PCI DSS), propelling the growth of the global Managed Security Services market.

Challenges

The rising number of cybersecurity threats, developed attacking tools, huge algorithm requirements, and strict regulatory requirements may hinder the growth of the global Managed Security Services market. High-cost involvement may also prevent the SMEs from adopting these solutions. However, things are expected to change dramatically during the forecast period to create better opportunities for the global Managed Security Services market to grow.

Opportunity

The growth of the global Managed Security Services market will be boosted significantly by the cost-effectiveness of the solutions and the need for it due to higher cybercrime activities.

Governments all over the world are also creating a series of new legislation for information security and higher use of mobile devices in the workplace will create more lucrative opportunities for the global Managed Security Services market.

Geographic Overview

The global Managed Security Services market is dominated by North America, but during the forecast period, the APAC region is expected to grow at a faster rate due to higher reliance on MSS by Small and Medium-sized Enterprises (SMEs) and large enterprises in the region. This is mainly the result of rapid technological developments such as 5G, cloud, and IoT. Apart from that, rising cybersecurity incidents, government regulations, and acceptance of cloud technologies will also drive the growth of the global Managed Security Services market in this area.

Key Players covered in the report

Somef the key players of Machine Traslation Market are IBM (U.S.A), AT&T. (U.S.A), NTT Security (Japan), SecureWorks (U.S.A), DXC Technology (U.S.A), BT (U.K.), Atos (France), Infosys (India), Verizon (U.S.A), Cognizant (U.S.A), Cipher Security (Spain) , Wipro (India), Accenture (American- Irish), Optiv Security (U.S.A), Trustwave (Singapore), Herjavec (Canada), TCS (India), Capgemini (France), CenturyLink (U.S.A), Kudelski Security (Switzerland) , Nuspire (U.S.A)

Recent Development by Key Players

AT&T joined hands with an agreement to create a standalone managed cybersecurity services business, and a capital investment in that business from WillJam Ventures which is a Chicago-based investor with deep cybersecurity industry and leadership experience. The new cybersecurity partnership shall select security software solutions, associated managed security operations and security consulting resources.

IT services provider NTT Data has launched its new managed detection and response (MDR) service for security management. The offering will be rolled out in Japan. With the new service, advanced security engineers will provide support to clients to manage a security function.

The Managed Security Services Market report offers a comprehensive market segmentation analysis along with an estimation for the forecast period 2025–2030.

Segments Covered in the Report

• By Verticals
  • Banking, Financial Services and Insurance (BFSI)
  • Government
  • Retail
  • Healthcare
  • IT
  • Telecom
  • Utilities
  • Manufacturing
  • Others (Education, Media and Entertainment, Travel and logistics)
• By Organisation Size
  • Small and Medium Size Enterprises
  • Large Enterprises 

Region Covered in the Report

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia-Pacific (APAC)
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia-Pacific
• Rest of the World (RoW)
  • Brazil
  • Saudi Arabia
  • South Africa
  • U.A.E.
  • Other Countries

Source: VynZ Research

Source: VynZ Research

1.    Research Overview 

        1.1.    The Report Offers
        1.2.    Market Coverage
                1.2.1.    By Verticals
                1.2.2.    By Organisation Size
        1.3.    Research Phases
        1.4.    Limitations
        1.5.    Research Methodology
                1.5.1.    Data Sources
                        1.5.1.1.    Primary Research
                        1.5.1.2.    Secondary Research
                1.5.2.    Methodology
                        1.5.2.1.    Data Exploration
                        1.5.2.2.    Forecast Parameters
                        1.5.2.3.    Data Validation
                        1.5.2.4.    Assumptions
                1.5.3.    Study Period & Data Reporting Unit

2.    Executive Summary

3.    Industry Overview

        3.1.    Industry Dynamics
                3.1.1.    Market Growth Drivers
                3.1.2.    Market Restraints
                3.1.3.    Key Market Trends
                3.1.4.    Major Opportunities
        3.2.    Industry Ecosystem
                3.2.1.    Porter’s Five Forces Analysis
                3.2.2.    Recent Development Analysis
                3.2.3.    Value Chain Analysis
        3.3.    Competitive Insight
                3.3.1.    Competitive Position of Industry Players
                3.3.2.    Market Attractive Analysis

4.    Global Market Estimate and Forecast

        4.1.    Global Market Overview
        4.2.    Global Market Estimate and Forecast to 2030

5.    Market Segmentation Estimate and Forecast

        5.1.    By Verticals
                5.1.1.    Banking, Financial Services and Insurance (BFSI)
                        5.1.1.1.    Market Definition
                        5.1.1.2.    Market Estimation and Forecast to 2030
                5.1.2.     Government
                        5.1.2.1.    Market Definition
                        5.1.2.2.    Market Estimation and Forecast to 2030

                5.1.3.     Retail
                        5.1.3.1.    Market Definition
                        5.1.3.2.    Market Estimation and Forecast to 2030

                5.1.4.     Healthcare
                        5.1.4.1.    Market Definition
                        5.1.4.2.    Market Estimation and Forecast to 2030

                5.1.5.     IT
                        5.1.5.1.    Market Definition
                        5.1.5.2.    Market Estimation and Forecast to 2030

                5.1.6.     Telecom
                        5.1.6.1.    Market Definition
                        5.1.6.2.    Market Estimation and Forecast to 2030

                5.1.7.    Utilities
                        5.1.7.1.    Market Definition
                        5.1.7.2.    Market Estimation and Forecast to 2030

                5.1.8.     Manufacturing
                        5.1.8.1.    Market Definition
                        5.1.8.2.    Market Estimation and Forecast to 2030

                5.1.9.    Others (Education, Media and Entertainment, Travel and logistics)Manufacturing
                        5.1.9.1.    Market Definition
                        5.1.9.2.    Market Estimation and Forecast to 2030

        5.2.    By Organisation Size
                5.2.1.    Small and Medium Size Enterprises
                        5.2.1.1.    Market Definition
                        5.2.1.2.    Market Estimation and Forecast to 2030
                5.2.2.    Large Enterprises
                        5.2.2.1.    Market Definition
                        5.2.2.2.    Market Estimation and Forecast to 2030

6.    North America Market Estimate and Forecast

        6.1.    By Verticals
        6.2.    By Organisation Size
        6.3.    By Country
                6.3.1.    U.S. Market Estimate and Forecast
                6.3.2.    Canada Market Estimate and Forecast
                6.3.3.    Mexico Market Estimate and Forecast

7.    Europe Market Estimate and Forecast

        7.1.    By Verticals
        7.2.    By Organisation Size
        7.3.    By Country
                7.3.1.    Germany Market Estimate and Forecast
                7.3.2.    France Market Estimate and Forecast
                7.3.3.    U.K. Market Estimate and Forecast
                7.3.4.    Italy Market Estimate and Forecast
                7.3.5.    Spain Market Estimate and Forecast
                7.3.6.    Russia Market Estimate and Forecast
                7.3.7.    Rest of Europe Market Estimate and Forecast

8.    Asia-Pacific Market Estimate and Forecast

        8.1.    By Verticals
        8.2.    By Organisation Size
        8.3.    By Country 
                8.3.1.    China Market Estimate and Forecast
                8.3.2.    Japan Market Estimate and Forecast
                8.3.3.    India Market Estimate and Forecast
                8.3.4.    South Korea Market Estimate and Forecast
                8.3.5.    Rest of Asia-Pacific Market Estimate and Forecast

9.    Rest of the World (RoW) Market Estimate and Forecast

        9.1.    By Verticals
        9.2.    By Organisation Size
        9.3.    By Country
                9.3.1.    Brazil Market Estimate and Forecast
                9.3.2.    Saudi Arabia Market Estimate and Forecast
                9.3.3.    South Africa Market Estimate and Forecast
                9.3.4.    U.A.E. Market Estimate and Forecast
                9.3.5.    Other Countries Market Estimate and Forecast

10.    Company Profiles

        10.1.    IBM
                10.1.1.    Snapshot
                10.1.2.    Overview
                10.1.3.    Offerings
                10.1.4.    Financial Insight
                10.1.5.    Recent Developments
        10.2.    AT&T
                10.2.1.    Snapshot
                10.2.2.    Overview
                10.2.3.    Offerings
                10.2.4.    Financial Insight
                10.2.5.    Recent Developments
        10.3.    NTT SECURITY
                10.3.1.    Snapshot
                10.3.2.    Overview
                10.3.3.    Offerings
                10.3.4.    Financial Insight
                10.3.5.    Recent Developments
        10.4.    SECUREWORKS
                10.4.1.    Snapshot
                10.4.2.    Overview
                10.4.3.    Offerings
                10.4.4.    Financial Insight
                10.4.5.    Recent Developments
        10.5.    DXC Technology
                10.5.1.    Snapshot
                10.5.2.    Overview
                10.5.3.    Offerings
                10.5.4.    Financial Insight
                10.5.5.    Recent Developments
        10.6.    BT
                10.6.1.    Snapshot
                10.6.2.    Overview
                10.6.3.    Offerings
                10.6.4.    Financial Insight
                10.6.5.    Recent Developments
        10.7.    Atos
                10.7.1.    Snapshot
                10.7.2.    Overview
                10.7.3.    Offerings
                10.7.4.    Financial Insight
                10.7.5.    Recent Developments
        10.8.    Infosys

                10.8.1.    Snapshot
                10.8.2.    Overview
                10.8.3.    Offerings
                10.8.4.    Financial Insight
                10.8.5.    Recent Developments
        10.9.    Verizon
                10.9.1.    Snapshot
                10.9.2.    Overview
                10.9.3.    Offerings
                10.9.4.    Financial Insight
                10.9.5.    Recent Developments
        10.10.  Cognizant
                10.10.1.    Snapshot
                10.10.2.    Overview
                10.10.3.    Offerings
                10.10.4.    Financial Insight
        10.11.  Cipher Security
                10.11.1.    Snapshot
                10.11.2.    Overview
                10.11.3.    Offerings
                10.11.4.    Financial Insight
        10.12.  Wipro
                10.12.1.    Snapshot
                10.12.2.    Overview
                10.12.3.    Offerings
                10.12.4.    Financial Insight
        10.13.  Accenture
                10.13.1.    Snapshot
                10.13.2.    Overview
                10.13.3.    Offerings
                10.13.4.    Financial Insight
        10.14. Optiv Security
                10.14.1.    Snapshot
                10.14.2.    Overview
                10.14.3.    Offerings
                10.14.4.    Financial Insight
        10.15. Trustwave
                10.15.1.    Snapshot
                10.15.2.    Overview
                10.15.3.    Offerings
                10.15.4.    Financial Insight
        10.16. Herjavec
                10.16.1.    Snapshot
                10.16.2.    Overview
                10.16.3.    Offerings
                10.16.4.    Financial Insight
        10.17. TCS
                10.17.1.    Snapshot
                10.17.2.    Overview
                10.17.3.    Offerings
                10.17.4.    Financial Insight
        10.18. Capgemini
                10.18.1.    Snapshot
                10.18.2.    Overview
                10.18.3.    Offerings
                10.18.4.    Financial Insight

        10.19. CenturyLink
                10.19.1.    Snapshot
                10.19.2.    Overview
                10.19.3.    Offerings
                10.19.4.    Financial Insight

        10.20. Kudelski Security
                10.20.1.    Snapshot
                10.20.2.    Overview
                10.20.3.    Offerings
                10.20.4.    Financial Insight

        10.21. Nuspire
                10.21.1.    Snapshot
                10.21.2.    Overview
                10.21.3.    Offerings
                10.21.4.    Financial Insight

11.    Appendix

        11.1.    Exchange Rates
        11.2.    Abbreviations

List of Tables

Table 1 Sources
Table 2 Study Periods
Table 3 Data Reporting Unit
Table 4 Global Managed Security Services Market Size, By Verticals, 2018 - 2023 (USD Billion)
Table 5 Global Managed Security Services Market Size, By Verticals, 2025 - 2030  (USD Billion)
Table 6 Global Managed Security Services Market Size, By Organisation Size ,2018 - 2023 (USD Billion)
Table 7 Global Managed Security Services Market Size, By Organisation Size ,2022 - 2030 (USD Billion)
Table 8 Global Managed Security Services Market Size, by Region, 2018 - 2023 (USD Billion)
Table 9 Global Managed Security Services Market Size, by Region, 2025 - 2030  (USD Billion)
Table 10 North America Managed Security Services Market Size, By Verticals, 2018 - 2023 (USD Billion)
Table 11 North America Managed Security Services Market Size, By Verticals, 2025 - 2030  (USD Billion)
Table 12 North America Managed Security Services Market Size, By Organisation Size Type, 2018 - 2023 (USD Billion)
Table 13 North America Managed Security Services Market Size, By Organisation Size Type, 2025 - 2030  (USD Billion)
Table 14 North America Managed Security Services Market Size, by Region, 2018 - 2023 (USD Billion)
Table 15 North America Managed Security Services Market Size, by Region, 2025 - 2030  (USD Billion)
Table 16 Europe Managed Security Services Market Size, By Verticals, 2018 - 2023 (USD Billion)
Table 17 Europe Managed Security Services Market Size, By Verticals, 2025 - 2030  (USD Billion)
Table 18 Europe Managed Security Services Market Size, By Organisation Size Type, 2018 - 2023 (USD Billion)
Table 19 Europe Managed Security Services Market Size, By Organisation Size Type, 2025 - 2030  (USD Billion)
Table 20 Europe Managed Security Services Market Size, by Region, 2018 - 2023 (USD Billion)
Table 21 Europe Managed Security Services Market Size, by Region, 2025 - 2030  (USD Billion)
Table 22 Asia-Pacific Managed Security Services Market Size, By Verticals, 2018 - 2023 (USD Billion)
Table 23 Asia-Pacific Managed Security Services Market Size, By Verticals, 2025 - 2030  (USD Billion)
Table 24 Asia-Pacific Managed Security Services Market Size, By Organisation Size Type, 2018 - 2023 (USD Billion)
Table 25 Asia-Pacific Managed Security Services Market Size, By Organisation Size Type, 2025 - 2030  (USD Billion)
Table 26 Asia-Pacific Managed Security Services Market Size, by Region, 2018 - 2023 (USD Billion)
Table 27 Asia-Pacific Managed Security Services Market Size, by Region, 2025 - 2030  (USD Billion)
Table 28 RoW Managed Security Services Market Size, By Verticals, 2018 - 2023 (USD Billion)
Table 29 RoW Managed Security Services Market Size, By Verticals, 2025 - 2030  (USD Billion)
Table 30 RoW Managed Security Services Market Size, By Organisation Size Type, 2018 - 2023 (USD Billion)
Table 31 RoW Managed Security Services Market Size, By Organisation Size Type, 2025 - 2030  (USD Billion)
Table 32 RoW Managed Security Services Market Size, by Region, 2018 - 2023 (USD Billion)
Table 33 RoW Managed Security Services Market Size, by Region, 2025 - 2030  (USD Billion)
Table 34 Snapshot – IBM
Table 35 Snapshot – AT&T
Table 36 Snapshot – NTT SECURITY
Table 37 Snapshot – SECUREWORKS
Table 38 Snapshot – DXC Technology
Table 39 Snapshot – BT  
Table 40 Snapshot – Atos
Table 41 Snapshot – Infosys
Table 42 Snapshot – Verizon 
Table 43 Snapshot – Cognizant
Table 44 Snapshot – Cipher Security
Table 45 Snapshot – Wipro
Table 46 Snapshot – Accenture
Table 47 Snapshot – Optiv Security
Table 48 Snapshot – Trustwave
Table 49 Snapshot – Herjavec
Table 51 Snapshot – TCS
Table 52 Snapshot – Capgemini
Table 53 Snapshot – CenturyLink
Table 54 Snapshot – Kudelski Security
Table 55 Snapshot – Nuspire

List of Figures

Figure 1 Market Coverage
Figure 2 Research Phases
Figure 3 Secondary Sources for Different Parameters
Figure 4 Methodology
Figure 5 Data Mining & Exploration
Figure 6 Data Triangulation
Figure 7 Assumptions for Market Estimation and Forecast
Figure 8 Market Synopsis
Figure 9 Global Managed Security Services Market - Growth Drivers and Restraints
Figure 10 Competitive Benchmark
Figure 11 Global Managed Security Services Market Highlight
Figure 12 Global Managed Security Services Market Size, By Verticals, 2018 - 2030 (USD Billion)
Figure 13 Global Managed Security Services Market Size, By Organisation Size Type, 2018 - 2030 (USD Billion)
Figure 14 Global Managed Security Services Market Size, by Region, 2018 - 2030 (USD Billion)
Figure 15 North America Managed Security Services Market Highlight
Figure 16 North America Managed Security Services Market Size, By Verticals, 2018 - 2030 (USD Billion)
Figure 17 North America Managed Security Services Market Size, By Organisation Size Type, 2018 - 2030 (USD Billion)
Figure 18 North America Managed Security Services Market Size, by Region, 2018 - 2030 (USD Billion)
Figure 19 Europe Managed Security Services Market Highlight
Figure 20 Europe Managed Security Services Market Size, By Verticals, 2018 - 2030 (USD Billion)
Figure 21 Europe Managed Security Services Market Size, By Organisation Size Type, 2018 - 2030 (USD Billion)
Figure 22 Europe Managed Security Services Market Size, by Region, 2018 - 2030 (USD Billion)
Figure 23 Asia-Pacific Managed Security Services Market Highlight
Figure 24 Asia-Pacific Managed Security Services Market Size, By Verticals, 2018 - 2030 (USD Billion)
Figure 25 Asia-Pacific Managed Security Services Market Size, By Organisation Size Type, 2018 - 2030 (USD Billion)
Figure 26 Asia-Pacific Managed Security Services Market Size, by Region, 2018 - 2030 (USD Billion)
Figure 27 RoW Managed Security Services Market Highlight
Figure 28 RoW Managed Security Services Market Size, By Verticals, 2018 - 2030 (USD Billion)
Figure 29 RoW Managed Security Services Market Size, By Organisation Size Type, 2018 - 2030 (USD Billion)
Figure 30 RoW Managed Security Services Market Size, by Region, 2018 - 2030 (USD Billion)