Managed Security Services Market - Global Size, Share, Trend Analysis, Opportunity and Forecast Report, 2019-2029, Segmented By Deployment Mode ; By Application ; By Organization Size ; By End User ; By Region

Description

Global Managed Security Services (MSS) Market Size More Than Doubles During Forecast Period to Touch USD 55.52 Billion by 2029

Global Managed Security Services (MSS) Market is gaining traction because of the growing adoption of cloud services and increasingly sophisticated cyberthreat landscape.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the Global Managed Security Services (MSS) Market size at USD 27.54 billion in 2029. During the forecast period between 2023 and 2029, BlueWeave expects the Global Managed Security Services (MSS) Market size to expand at a CAGR of 12.4% reaching a value of USD 55.52 billion by 2029. Rising cybersecurity risks and stringent government regulations are major growth drivers for the Global Managed Security Services (MSS) Market. Providers of MSS offer system and security device administration and monitoring. A managed security service provider (MSSP) is a company that resells software, hardware, and services to its customers. By offering a specialized incident response team, working with an MSSP helps an organization in simplifying its reaction to possible data risks and cyberattacks. MSSPs can keep a big team of specialists on hand and call on them as needed. Increasing adoption of cloud and digital solutions, which is likely to increase the number of cybersecurity risks, is also expected to expand the Global MSS Market during the period in analysis.

Opportunity: Increasingly high cybercrime activities

A significant surge in the rate of cyberattacks is prompting the enterprises to invest in cybersecurity solutions and services. It is now essential to have an adaptable, multi-layered, and self-learning security system since the cyber environment is evolving into a highly interconnected system. Furthermore, as mobile-networked devices proliferate, electronic communications become more common, social media grows, and big data becomes more important, defense cybersecurity systems must adapt to the ever-changing landscape of cyberthreats. In order to improve their cybersecurity environment and cut costs, both large corporations and SMEs are investing in managed security services, driving the Global MSS Market.

Global Managed Security Services (MSS) Market - By Organization Size

Based on organization size, the Global Managed Security Services (MSS) Market is segmented into large enterprises and small and medium-sized enterprises (SMEs). The large enterprises segment holds the highest share in the Global Managed Security Services (MSS) Market owing to their high exposure to data breaches and other cyberthreats. Furthermore, outsourcing security services proves to be cost-efficient for large organizations, which plays a crucial role in driving market growth. SMEs, on the other hand, are anticipated to register the highest growth rate during the forecast period.

Impact of Escalating Geopolitical Tensions on Global Managed Security Services (MSS) Market

The escalating geopolitical tensions proliferated the growth of the Global Managed Security Services (MSS) Market owing to the surge in cybersecurity issues in post-war-like situations. According to the Center for Strategic and International Studies, a think tank based in the United States, Russia launched several cyber campaigns against Ukraine before the invasion to ransack its IT infrastructure. These cyberattacks disrupted Ukrainian services and installed malware on the country's networks, resulting in phishing and denial of service. In similar instances, the Israel and Palestinian newspapers and media websites have registered a significant surge in DDoS attacks since October 07, 2023. Cyberattacks are emerging as a crucial and lethal tool to attack the security of other countries and gain political benefits. As a result, the countries are significantly investing in cybersecurity, which is anticipated to accelerate the growth of the Global Managed Security Services (MSS) Market.

Competitive Landscape

Major players operating in the Global Managed Security Services (MSS) Market include AT&T, BAE Systems, Inc., Cisco, Check Point Software Technologies, Fortinet, Inc., Fujitsu, IBM, Palo Alto Networks, Rapid 7, Verizon, Wipro, Broadcom, and Hewlett Packard Enterprise Development LP. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and the Global Managed Security Services (MSS) Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the Global Managed Security Services (MSS) Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

Product Code: BWC231037

1. Research Framework

1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation

2. Executive Summary

3. Global Managed Security Services (MSS) Market Insights

3.1. Industry Value Chain Analysis
3.2. DROC Analysis
- 3.2.1. Growth Drivers
  - 3.2.1.1. Growing Adoption of Cloud Services
  - 3.2.1.2. Increasing Cyber Threat Landscape
- 3.2.2. Restraints
  - 3.2.2.1. High Cost Associated with Managed Security Services
  - 3.2.2.2. High Dependency on Third-Party Providers
- 3.2.3. Opportunities
  - 3.2.3.1. Growing Government Initiatives and Activities Across Diverse Sectors
  - 3.2.3.2. Growing Integration of Artificial Intelligence and Automation in Security Services
- 3.2.4. Challenges
  - 3.2.4.1. Increasing Data Privacy Concerns
3.3. Technological Advancements/Recent Developments
3.4. Regulatory Framework
3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry

4. Global Managed Security Services (MSS) Market Overview

4.1. Market Size & Forecast, 2019-2029
- 4.1.1. By Value (USD Billion)
4.2. Market Share and Forecast
- 4.2.1. By Deployment Mode
  - 4.2.1.1. On-premises
  - 4.2.1.2. Cloud
- 4.2.2. By Application
  - 4.2.2.1. Managed IPS and IDS
  - 4.2.2.2. Distributed Denial of Services (DDoS)
  - 4.2.2.3. Unified Threat Management (UTM)
  - 4.2.2.4. Secured Information & Event Management (SIEM)
  - 4.2.2.5. Firewall Management
  - 4.2.2.6. Endpoint Security
  - 4.2.2.7. Others
- 4.2.3. By Organization Size
  - 4.2.3.1. Large Enterprises
  - 4.2.3.2. Small & Medium-sized Enterprises
- 4.2.4. By End User
  - 4.2.4.1. BFSI
  - 4.2.4.2. Healthcare
  - 4.2.4.3. Manufacturing
  - 4.2.4.4. Retail
  - 4.2.4.5. Telecom & IT
  - 4.2.4.6. Others
- 4.2.5. By Region
  - 4.2.5.1. North America
  - 4.2.5.2. Europe
  - 4.2.5.3. Asia Pacific (APAC)
  - 4.2.5.4. Latin America (LATAM)
  - 4.2.5.5. Middle East and Africa (MEA)

5. North America Managed Security Services (MSS) Market

5.1. Market Size & Forecast, 2019-2029
- 5.1.1. By Value (USD Billion)
5.2. Market Share & Forecast
- 5.2.1. By Deployment Mode
- 5.2.2. By Application
- 5.2.3. By Organization Size
- 5.2.4. By End User
- 5.2.5. By Country
  - 5.2.5.1. United States
  - 5.2.5.1.1. By Deployment Mode
  - 5.2.5.1.2. By Application
  - 5.2.5.1.3. By Organization Size
  - 5.2.5.1.4. By End User
  - 5.2.5.2. Canada
  - 5.2.5.2.1. By Deployment Mode
  - 5.2.5.2.2. By Application
  - 5.2.5.2.3. By Organization Size
  - 5.2.5.2.4. By End User

6. Europe Managed Security Services (MSS) Market

6.1. Market Size & Forecast, 2019-2029
- 6.1.1. By Value (USD Billion)
6.2. Market Share & Forecast
- 6.2.1. By Deployment Mode
- 6.2.2. By Application
- 6.2.3. By Organization Size
- 6.2.4. By End User
- 6.2.5. By Country
  - 6.2.5.1. Germany
  - 6.2.5.1.1. By Deployment Mode
  - 6.2.5.1.2. By Application
  - 6.2.5.1.3. By Organization Size
  - 6.2.5.1.4. By End User
  - 6.2.5.2. United Kingdom
  - 6.2.5.2.1. By Deployment Mode
  - 6.2.5.2.2. By Application
  - 6.2.5.2.3. By Organization Size
  - 6.2.5.2.4. By End User
  - 6.2.5.3. Italy
  - 6.2.5.3.1. By Deployment Mode
  - 6.2.5.3.2. By Application
  - 6.2.5.3.3. By Organization Size
  - 6.2.5.3.4. By End User
  - 6.2.5.4. France
  - 6.2.5.4.1. By Deployment Mode
  - 6.2.5.4.2. By Application
  - 6.2.5.4.3. By Organization Size
  - 6.2.5.4.4. By End User
  - 6.2.5.5. Spain
  - 6.2.5.5.1. By Deployment Mode
  - 6.2.5.5.2. By Application
  - 6.2.5.5.3. By Organization Size
  - 6.2.5.5.4. By End User
  - 6.2.5.6. Belgium
  - 6.2.5.6.1. By Deployment Mode
  - 6.2.5.6.2. By Application
  - 6.2.5.6.3. By Organization Size
  - 6.2.5.6.4. By End User
  - 6.2.5.7. Russia
  - 6.2.5.7.1. By Deployment Mode
  - 6.2.5.7.2. By Application
  - 6.2.5.7.3. By Organization Size
  - 6.2.5.7.4. By End User
  - 6.2.5.8. The Netherlands
  - 6.2.5.8.1. By Deployment Mode
  - 6.2.5.8.2. By Application
  - 6.2.5.8.3. By Organization Size
  - 6.2.5.8.4. By End User
  - 6.2.5.9. Rest of Europe
  - 6.2.5.9.1. By Deployment Mode
  - 6.2.5.9.2. By Application
  - 6.2.5.9.3. By Organization Size
  - 6.2.5.9.4. By End User

7. Asia Pacific Managed Security Services (MSS) Market

7.1. Market Size & Forecast, 2019-2029
- 7.1.1. By Value (USD Billion)
7.2. Market Share & Forecast
- 7.2.1. By Deployment Mode
- 7.2.2. By Application
- 7.2.3. By Organization Size
- 7.2.4. By End User
- 7.2.5. By Country
  - 7.2.5.1. China
  - 7.2.5.1.1. By Deployment Mode
  - 7.2.5.1.2. By Application
  - 7.2.5.1.3. By Organization Size
  - 7.2.5.1.4. By End User
  - 7.2.5.2. India
  - 7.2.5.2.1. By Deployment Mode
  - 7.2.5.2.2. By Application
  - 7.2.5.2.3. By Organization Size
  - 7.2.5.2.4. By End User
  - 7.2.5.3. Japan
  - 7.2.5.3.1. By Deployment Mode
  - 7.2.5.3.2. By Application
  - 7.2.5.3.3. By Organization Size
  - 7.2.5.3.4. By End User
  - 7.2.5.4. South Korea
  - 7.2.5.4.1. By Deployment Mode
  - 7.2.5.4.2. By Application
  - 7.2.5.4.3. By Organization Size
  - 7.2.5.4.4. By End User
  - 7.2.5.5. Australia & New Zealand
  - 7.2.5.5.1. By Deployment Mode
  - 7.2.5.5.2. By Application
  - 7.2.5.5.3. By Organization Size
  - 7.2.5.5.4. By End User
  - 7.2.5.6. Indonesia
  - 7.2.5.6.1. By Deployment Mode
  - 7.2.5.6.2. By Application
  - 7.2.5.6.3. By Organization Size
  - 7.2.5.6.4. By End User
  - 7.2.5.7. Malaysia
  - 7.2.5.7.1. By Deployment Mode
  - 7.2.5.7.2. By Application
  - 7.2.5.7.3. By Organization Size
  - 7.2.5.7.4. By End User
  - 7.2.5.8. Singapore
  - 7.2.5.8.1. By Deployment Mode
  - 7.2.5.8.2. By Application
  - 7.2.5.8.3. By Organization Size
  - 7.2.5.8.4. By End User
  - 7.2.5.9. Vietnam
  - 7.2.5.9.1. By Deployment Mode
  - 7.2.5.9.2. By Application
  - 7.2.5.9.3. By Organization Size
  - 7.2.5.9.4. By End User
  - 7.2.5.10. Rest of APAC
  - 7.2.5.10.1. By Deployment Mode
  - 7.2.5.10.2. By Application
  - 7.2.5.10.3. By Organization Size
  - 7.2.5.10.4. By End User

8. Latin America Managed Security Services (MSS) Market

8.1. Market Size & Forecast, 2019-2029
- 8.1.1. By Value (USD Billion)
8.2. Market Share & Forecast
- 8.2.1. By Deployment Mode
- 8.2.2. By Application
- 8.2.3. By Organization Size
- 8.2.4. By End User
- 8.2.5. By Country
  - 8.2.5.1. Brazil
  - 8.2.5.1.1. By Deployment Mode
  - 8.2.5.1.2. By Application
  - 8.2.5.1.3. By Organization Size
  - 8.2.5.1.4. By End User
  - 8.2.5.2. Mexico
  - 8.2.5.2.1. By Deployment Mode
  - 8.2.5.2.2. By Application
  - 8.2.5.2.3. By Organization Size
  - 8.2.5.2.4. By End User
  - 8.2.5.3. Argentina
  - 8.2.5.3.1. By Deployment Mode
  - 8.2.5.3.2. By Application
  - 8.2.5.3.3. By Organization Size
  - 8.2.5.3.4. By End User
  - 8.2.5.4. Peru
  - 8.2.5.4.1. By Deployment Mode
  - 8.2.5.4.2. By Application
  - 8.2.5.4.3. By Organization Size
  - 8.2.5.4.4. By End User
  - 8.2.5.5. Rest of LATAM
  - 8.2.5.5.1. By Deployment Mode
  - 8.2.5.5.2. By Application
  - 8.2.5.5.3. By Organization Size
  - 8.2.5.5.4. By End User

9. Middle East & Africa Managed Security Services (MSS) Market

9.1. Market Size & Forecast, 2019-2029
- 9.1.1. By Value (USD Billion)
9.2. Market Share & Forecast
- 9.2.1. By Deployment Mode
- 9.2.2. By Application
- 9.2.3. By Organization Size
- 9.2.4. By End User
- 9.2.5. By Country
  - 9.2.5.1. Saudi Arabia
  - 9.2.5.1.1. By Deployment Mode
  - 9.2.5.1.2. By Application
  - 9.2.5.1.3. By Organization Size
  - 9.2.5.1.4. By End User
  - 9.2.5.2. UAE
  - 9.2.5.2.1. By Deployment Mode
  - 9.2.5.2.2. By Application
  - 9.2.5.2.3. By Organization Size
  - 9.2.5.2.4. By End User
  - 9.2.5.3. Qatar
  - 9.2.5.3.1. By Deployment Mode
  - 9.2.5.3.2. By Application
  - 9.2.5.3.3. By Organization Size
  - 9.2.5.3.4. By End User
  - 9.2.5.4. Kuwait
  - 9.2.5.4.1. By Deployment Mode
  - 9.2.5.4.2. By Application
  - 9.2.5.4.3. By Organization Size
  - 9.2.5.4.4. By End User
  - 9.2.5.5. South Africa
  - 9.2.5.5.1. By Deployment Mode
  - 9.2.5.5.2. By Application
  - 9.2.5.5.3. By Organization Size
  - 9.2.5.5.4. By End User
  - 9.2.5.6. Nigeria
  - 9.2.5.6.1. By Deployment Mode
  - 9.2.5.6.2. By Application
  - 9.2.5.6.3. By Organization Size
  - 9.2.5.6.4. By End User
  - 9.2.5.7. Algeria
  - 9.2.5.7.1. By Deployment Mode
  - 9.2.5.7.2. By Application
  - 9.2.5.7.3. By Organization Size
  - 9.2.5.7.4. By End User
  - 9.2.5.8. Rest of MEA
  - 9.2.5.8.1. By Deployment Mode
  - 9.2.5.8.2. By Application
  - 9.2.5.8.3. By Organization Size
  - 9.2.5.8.4. By End User

10. Competitive Landscape

10.1. List of Key Players and Their Offerings
10.2. Global Managed Security Services (MSS) Market Share Analysis, 2022
10.3. Competitive Benchmarking, By Operating Parameters
10.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)

11. Impact of Escalating Geopolitical Tensions on Global Managed Security Services (MSS) Market

12. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)

12.1. AT&T
12.2. BAE Systems, Inc.
12.3. Cisco
12.4. Check Point Software Technologies
12.5. Fortinet, Inc.
12.6. Fujitsu
12.7. IBM
12.8. Palo Alto Networks
12.9. Rapid 7
12.10. Verizon
12.11. Wipro
12.12. Broadcom
12.13. Hewlett Packard Enterprise Development LP
12.14. Other Prominent Players

13. Key Strategic Recommendations

14. Research Methodology

14.1. Qualitative Research
- 14.1.1. Primary & Secondary Research
14.2. Quantitative Research
14.3. Market Breakdown & Data Triangulation
- 14.3.1. Secondary Research
- 14.3.2. Primary Research
14.4. Breakdown of Primary Research Respondents, By Region
14.5. Assumptions & Limitations