Managed Security Services Industry Report 2025-2034: Market Dynamics, Trends, And Forecasts

The Managed Security Services Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Expected Managed Security Services Market Size During the Forecast Period?
In the last few years, the size of the managed security services market has seen quick expansion. Its growth is projected to go from $33.86 billion in 2024 to $38.77 billion in 2025, boasting a compound annual growth rate (CAGR) of 14.5%. The surge during the historic period can be traced back to emphasis on identity and access management, affordable security solutions, the necessity of regulatory compliance, scrutiny on endpoint security management, and heightened attention to internal threats.

Over the coming years, the market size of managed security services is projected to expand rapidly, amounting to $71.29 billion in 2029, with a compound annual growth rate (CAGR) of 16.4%. This increase during the forecast period can be linked to the evolution of regulatory measures, the broadening of managed detection and response, and the protection of critical infrastructure. Key trends for the forecast period involve security in cloud and hybrid environments, the use of blockchain to improve security, the adoption of privacy-preserving technologies, partnerships with specialists in industry verticals, sharing advanced threat intelligence, and implementing automated incident response.

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What Are the High-Growth Segments in the Managed Security Services Market?
The managed security services market covered in this report is segmented -

1) By Type: Network Security, Terminal Security, Application Security, Cloud Security
2) By Deployment Type: On-Premise, Cloud
3) By Organization Size: Large Enterprises, Small And Medium-sized Enterprises (SMEs)
4) By Application: Intrusion Detection And Prevention, Threat Prevention, Distributed Denial Of Services, Firewall Management, End-Point Security, Risk Assessment
5) By End User: BFSI, Government And Defense, Retail, Manufacturing, Healthcare And Life Sciences, IT And Telecom, Other End Users

Subsegments:
1) By Network Security: Firewall Management, Intrusion Detection And Prevention Systems (IDPS), Virtual Private Network (VPN) Management, Network Monitoring, Terminal Security
2) By Endpoint Protection: Mobile Device Management (MDM), Endpoint Detection And Response (EDR)
3) By Application Security: Web Application Firewall (WAF), Application Vulnerability Assessment, Secure Software Development Lifecycle (SDLC) Services
4) By Cloud Security: Cloud Access Security Broker (CASB), Cloud Security Posture Management (CSPM), Cloud Workload Protection Platforms (CWPP)

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What Key Drivers Are Expected to Influence Future Managed Security Services Market Growth?
The growth of the managed security services market is anticipated to be driven by an increasing number of security breaches. When unauthorized access is made to computer data, applications, networks, or devices, it is classified as a security breach. The role of managed security services is to oversee and manage security systems and devices; consequently, a rise in security breaches inflates the need for these services. For instance, the Identity Theft Resource Center (ITRC), a non-profit organization based in the U.S., reported in January 2024 that there were 3,205 incidents involving data breaches, exposures, leaks and unspecified events, impacting a projected 353,027,892 victims (some of whom were affected by multiple violations). Therefore, the uptick in security breaches is fueling the market demand for managed security services.

Which Companies Hold the Largest Share Across Different Managed Security Services Market Segments?
Major companies operating in the managed security services market include International Business Machines Corporation, Cisco Systems Inc., Nippon Telegraph and Telephone Corporation, Secureworks Inc., BT Managed Security Solutions, Check Point Software Technologies Ltd., Wipro Limited, accenture* plc, DXC Technology Company, Lumen Tech Inc., BAE Systems plc, Nuspire, Fujitsu Limited, HCL Technologies Limited, Trustwave Holdings Inc., Fortinet Inc., Verizon Communications Inc., Tata Consultancy Services Limited, Capgemini SE, Deloitte Touche Tohmatsu Limited, Infosys Limited, Orange S. A., Foresite MSP LLC, Herjavec Group, NTT Europe Ltd., Armor Defense Inc.

What Trends Are Driving Growth in The Managed Security Services Market?
The trend of establishing strategic partnerships is increasingly becoming popular in the managed security services market. Major players in this sector are forming new partnerships to increase their market foothold. For example, in October 2024, Ooredoo, a telecommunications operator and ICT provider based in Qatar, joined forces with Tech Mahindra, a top-tier technology consultancy and digital solutions provider from India. This was a strategic effort to improve the Managed Security Services (MSS) offered to their B2B clients and respond effectively to the urgent needs across the IMEA markets. The collaboration focused on utilising international expertise to satisfy customer security requirements and establish a new standard for security services throughout the region.

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What Are the Emerging Geographies for The Managed Security Services Market Growth?
North America was the largest region in the managed security services market in 2024. The regions covered in the managed security services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Managed Security Services Market?
2. What is the CAGR expected in the Managed Security Services Market?
3. What Are the Key Innovations Transforming the Managed Security Services Industry?
4. Which Region Is Leading the Managed Security Services Market?

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