Global Security Services Market 2024-2028

The security services market is forecasted to grow by USD 51.96 bn during 2023-2028, accelerating at a CAGR of 5.93% during the forecast period. The report on the security services market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increase in data thefts globally, regulatory requirements encouraging use of security solutions, and increasing it security budget.

Market Scope
Base Year	2023
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	5.02%
CAGR	5.93%
Incremental Value	$51.96bn

Technavio's security services market is segmented as below:

By Component

SaaS security services
Managed security security
Security consulting services
Threat intelligence security services

By Application

BFSI
Healthcare
IT and telecom
Others

By Geographical Landscape

North America
Europe
APAC
South America
Middle East and Africa

This study identifies the partnerships between cloud service and traditional security solutions providers is one of the prime reasons driving the security services market growth during the next few years. Also, regulatory requirements encouraging use of security solutions and increasing IT security budget will lead to sizable demand in the market.

The report on the security services market covers the following areas:

Security services market sizing
Security services market forecast
Security services market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading security services market vendors that include Accenture Plc, ARCON, Barracuda Networks Inc., BluSapphire Inc., Broadcom Inc., BT Group Plc, Cisco Systems Inc., Dell Technologies Inc., Deloitte Touche Tohmatsu Ltd., Fortinet Inc., Gen Digital Inc., Ilantus Inc., International Business Machines Corp., Kyndryl Inc., McAfee LLC, Open Text Corp., Palo Alto Networks Inc., Proofpoint Inc., SilverSky Inc., and Zscaler Inc.. Also, the security services market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR43448

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
Exhibit 05: Executive Summary - Chart on Market Segmentation by Component
Exhibit 06: Executive Summary - Chart on Market Segmentation by Application
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global security services market 2018 - 2022
Exhibit 18: Historic Market Size - Data Table on global security services market 2018 - 2022 ($ billion)
4.2 Component Segment Analysis 2018 - 2022
Exhibit 19: Historic Market Size - Component Segment 2018 - 2022 ($ billion)
4.3 Application Segment Analysis 2018 - 2022
Exhibit 20: Historic Market Size - Application Segment 2018 - 2022 ($ billion)
4.4 Geography Segment Analysis 2018 - 2022
Exhibit 21: Historic Market Size - Geography Segment 2018 - 2022 ($ billion)
4.5 Country Segment Analysis 2018 - 2022
Exhibit 22: Historic Market Size - Country Segment 2018 - 2022 ($ billion)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Component

6.1 Market segments
Exhibit 30: Chart on Component - Market share 2023-2028 (%)
Exhibit 31: Data Table on Component - Market share 2023-2028 (%)
6.2 Comparison by Component
Exhibit 32: Chart on Comparison by Component
Exhibit 33: Data Table on Comparison by Component
6.3 SaaS security services - Market size and forecast 2023-2028
Exhibit 34: Chart on SaaS security services - Market size and forecast 2023-2028 ($ billion)
Exhibit 35: Data Table on SaaS security services - Market size and forecast 2023-2028 ($ billion)
Exhibit 36: Chart on SaaS security services - Year-over-year growth 2023-2028 (%)
Exhibit 37: Data Table on SaaS security services - Year-over-year growth 2023-2028 (%)
6.4 Managed security security - Market size and forecast 2023-2028
Exhibit 38: Chart on Managed security security - Market size and forecast 2023-2028 ($ billion)
Exhibit 39: Data Table on Managed security security - Market size and forecast 2023-2028 ($ billion)
Exhibit 40: Chart on Managed security security - Year-over-year growth 2023-2028 (%)
Exhibit 41: Data Table on Managed security security - Year-over-year growth 2023-2028 (%)
6.5 Security consulting services - Market size and forecast 2023-2028
Exhibit 42: Chart on Security consulting services - Market size and forecast 2023-2028 ($ billion)
Exhibit 43: Data Table on Security consulting services - Market size and forecast 2023-2028 ($ billion)
Exhibit 44: Chart on Security consulting services - Year-over-year growth 2023-2028 (%)
Exhibit 45: Data Table on Security consulting services - Year-over-year growth 2023-2028 (%)
6.6 Threat intelligence security services - Market size and forecast 2023-2028
Exhibit 46: Chart on Threat intelligence security services - Market size and forecast 2023-2028 ($ billion)
Exhibit 47: Data Table on Threat intelligence security services - Market size and forecast 2023-2028 ($ billion)
Exhibit 48: Chart on Threat intelligence security services - Year-over-year growth 2023-2028 (%)
Exhibit 49: Data Table on Threat intelligence security services - Year-over-year growth 2023-2028 (%)
6.7 Market opportunity by Component
Exhibit 50: Market opportunity by Component ($ billion)
Exhibit 51: Data Table on Market opportunity by Component ($ billion)

7 Market Segmentation by Application

7.1 Market segments
Exhibit 52: Chart on Application - Market share 2023-2028 (%)
Exhibit 53: Data Table on Application - Market share 2023-2028 (%)
7.2 Comparison by Application
Exhibit 54: Chart on Comparison by Application
Exhibit 55: Data Table on Comparison by Application
7.3 BFSI - Market size and forecast 2023-2028
Exhibit 56: Chart on BFSI - Market size and forecast 2023-2028 ($ billion)
Exhibit 57: Data Table on BFSI - Market size and forecast 2023-2028 ($ billion)
Exhibit 58: Chart on BFSI - Year-over-year growth 2023-2028 (%)
Exhibit 59: Data Table on BFSI - Year-over-year growth 2023-2028 (%)
7.4 Healthcare - Market size and forecast 2023-2028
Exhibit 60: Chart on Healthcare - Market size and forecast 2023-2028 ($ billion)
Exhibit 61: Data Table on Healthcare - Market size and forecast 2023-2028 ($ billion)
Exhibit 62: Chart on Healthcare - Year-over-year growth 2023-2028 (%)
Exhibit 63: Data Table on Healthcare - Year-over-year growth 2023-2028 (%)
7.5 IT and telecom - Market size and forecast 2023-2028
Exhibit 64: Chart on IT and telecom - Market size and forecast 2023-2028 ($ billion)
Exhibit 65: Data Table on IT and telecom - Market size and forecast 2023-2028 ($ billion)
Exhibit 66: Chart on IT and telecom - Year-over-year growth 2023-2028 (%)
Exhibit 67: Data Table on IT and telecom - Year-over-year growth 2023-2028 (%)
7.6 Others - Market size and forecast 2023-2028
Exhibit 68: Chart on Others - Market size and forecast 2023-2028 ($ billion)
Exhibit 69: Data Table on Others - Market size and forecast 2023-2028 ($ billion)
Exhibit 70: Chart on Others - Year-over-year growth 2023-2028 (%)
Exhibit 71: Data Table on Others - Year-over-year growth 2023-2028 (%)
7.7 Market opportunity by Application
Exhibit 72: Market opportunity by Application ($ billion)
Exhibit 73: Data Table on Market opportunity by Application ($ billion)

8 Customer Landscape

8.1 Customer landscape overview
Exhibit 74: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
Exhibit 75: Chart on Market share By Geographical Landscape 2023-2028 (%)
Exhibit 76: Data Table on Market share By Geographical Landscape 2023-2028 (%)
9.2 Geographic comparison
Exhibit 77: Chart on Geographic comparison
Exhibit 78: Data Table on Geographic comparison
9.3 North America - Market size and forecast 2023-2028
Exhibit 79: Chart on North America - Market size and forecast 2023-2028 ($ billion)
Exhibit 80: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
Exhibit 81: Chart on North America - Year-over-year growth 2023-2028 (%)
Exhibit 82: Data Table on North America - Year-over-year growth 2023-2028 (%)
9.4 Europe - Market size and forecast 2023-2028
Exhibit 83: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
Exhibit 84: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
Exhibit 85: Chart on Europe - Year-over-year growth 2023-2028 (%)
Exhibit 86: Data Table on Europe - Year-over-year growth 2023-2028 (%)
9.5 APAC - Market size and forecast 2023-2028
Exhibit 87: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
Exhibit 88: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
Exhibit 89: Chart on APAC - Year-over-year growth 2023-2028 (%)
Exhibit 90: Data Table on APAC - Year-over-year growth 2023-2028 (%)
9.6 South America - Market size and forecast 2023-2028
Exhibit 91: Chart on South America - Market size and forecast 2023-2028 ($ billion)
Exhibit 92: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
Exhibit 93: Chart on South America - Year-over-year growth 2023-2028 (%)
Exhibit 94: Data Table on South America - Year-over-year growth 2023-2028 (%)
9.7 Middle East and Africa - Market size and forecast 2023-2028
Exhibit 95: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Exhibit 96: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Exhibit 97: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibit 98: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
9.8 US - Market size and forecast 2023-2028
Exhibit 99: Chart on US - Market size and forecast 2023-2028 ($ billion)
Exhibit 100: Data Table on US - Market size and forecast 2023-2028 ($ billion)
Exhibit 101: Chart on US - Year-over-year growth 2023-2028 (%)
Exhibit 102: Data Table on US - Year-over-year growth 2023-2028 (%)
9.9 Germany - Market size and forecast 2023-2028
Exhibit 103: Chart on Germany - Market size and forecast 2023-2028 ($ billion)
Exhibit 104: Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
Exhibit 105: Chart on Germany - Year-over-year growth 2023-2028 (%)
Exhibit 106: Data Table on Germany - Year-over-year growth 2023-2028 (%)
9.10 China - Market size and forecast 2023-2028
Exhibit 107: Chart on China - Market size and forecast 2023-2028 ($ billion)
Exhibit 108: Data Table on China - Market size and forecast 2023-2028 ($ billion)
Exhibit 109: Chart on China - Year-over-year growth 2023-2028 (%)
Exhibit 110: Data Table on China - Year-over-year growth 2023-2028 (%)
9.11 Canada - Market size and forecast 2023-2028
Exhibit 111: Chart on Canada - Market size and forecast 2023-2028 ($ billion)
Exhibit 112: Data Table on Canada - Market size and forecast 2023-2028 ($ billion)
Exhibit 113: Chart on Canada - Year-over-year growth 2023-2028 (%)
Exhibit 114: Data Table on Canada - Year-over-year growth 2023-2028 (%)
9.12 UK - Market size and forecast 2023-2028
Exhibit 115: Chart on UK - Market size and forecast 2023-2028 ($ billion)
Exhibit 116: Data Table on UK - Market size and forecast 2023-2028 ($ billion)
Exhibit 117: Chart on UK - Year-over-year growth 2023-2028 (%)
Exhibit 118: Data Table on UK - Year-over-year growth 2023-2028 (%)
9.13 Market opportunity By Geographical Landscape
Exhibit 119: Market opportunity By Geographical Landscape ($ billion)
Exhibit 120: Data Tables on Market opportunity By Geographical Landscape ($ billion)

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 121: Impact of drivers and challenges in 2023 and 2028
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
Exhibit 122: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 123: Overview on factors of disruption
11.4 Industry risks
Exhibit 124: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
Exhibit 125: Vendors covered
12.2 Market positioning of vendors
Exhibit 126: Matrix on vendor position and classification
12.3 Accenture Plc
Exhibit 127: Accenture Plc - Overview
Exhibit 128: Accenture Plc - Business segments
Exhibit 129: Accenture Plc - Key news
Exhibit 130: Accenture Plc - Key offerings
Exhibit 131: Accenture Plc - Segment focus
12.4 Barracuda Networks Inc.
Exhibit 132: Barracuda Networks Inc. - Overview
Exhibit 133: Barracuda Networks Inc. - Product / Service
Exhibit 134: Barracuda Networks Inc. - Key offerings
12.5 Broadcom Inc.
Exhibit 135: Broadcom Inc. - Overview
Exhibit 136: Broadcom Inc. - Business segments
Exhibit 137: Broadcom Inc. - Key news
Exhibit 138: Broadcom Inc. - Key offerings
Exhibit 139: Broadcom Inc. - Segment focus
12.6 BT Group Plc
Exhibit 140: BT Group Plc - Overview
Exhibit 141: BT Group Plc - Business segments
Exhibit 142: BT Group Plc - Key offerings
Exhibit 143: BT Group Plc - Segment focus
12.7 Cisco Systems Inc.
Exhibit 144: Cisco Systems Inc. - Overview
Exhibit 145: Cisco Systems Inc. - Business segments
Exhibit 146: Cisco Systems Inc. - Key news
Exhibit 147: Cisco Systems Inc. - Key offerings
Exhibit 148: Cisco Systems Inc. - Segment focus
12.8 Dell Technologies Inc.
Exhibit 149: Dell Technologies Inc. - Overview
Exhibit 150: Dell Technologies Inc. - Business segments
Exhibit 151: Dell Technologies Inc. - Key news
Exhibit 152: Dell Technologies Inc. - Key offerings
Exhibit 153: Dell Technologies Inc. - Segment focus
12.9 Deloitte Touche Tohmatsu Ltd.
Exhibit 154: Deloitte Touche Tohmatsu Ltd. - Overview
Exhibit 155: Deloitte Touche Tohmatsu Ltd. - Business segments
Exhibit 156: Deloitte Touche Tohmatsu Ltd. - Key offerings
Exhibit 157: Deloitte Touche Tohmatsu Ltd. - Segment focus
12.10 Fortinet Inc.
Exhibit 158: Fortinet Inc. - Overview
Exhibit 159: Fortinet Inc. - Product / Service
Exhibit 160: Fortinet Inc. - Key offerings
12.11 Gen Digital Inc.
Exhibit 161: Gen Digital Inc. - Overview
Exhibit 162: Gen Digital Inc. - Product / Service
Exhibit 163: Gen Digital Inc. - Key offerings
12.12 International Business Machines Corp.
Exhibit 164: International Business Machines Corp. - Overview
Exhibit 165: International Business Machines Corp. - Business segments
Exhibit 166: International Business Machines Corp. - Key news
Exhibit 167: International Business Machines Corp. - Key offerings
Exhibit 168: International Business Machines Corp. - Segment focus
12.13 Kyndryl Inc.
Exhibit 169: Kyndryl Inc. - Overview
Exhibit 170: Kyndryl Inc. - Product / Service
Exhibit 171: Kyndryl Inc. - Key offerings
12.14 McAfee LLC
Exhibit 172: McAfee LLC - Overview
Exhibit 173: McAfee LLC - Product / Service
Exhibit 174: McAfee LLC - Key news
Exhibit 175: McAfee LLC - Key offerings
12.15 Open Text Corp.
Exhibit 176: Open Text Corp. - Overview
Exhibit 177: Open Text Corp. - Product / Service
Exhibit 178: Open Text Corp. - Key news
Exhibit 179: Open Text Corp. - Key offerings
12.16 Palo Alto Networks Inc.
Exhibit 180: Palo Alto Networks Inc. - Overview
Exhibit 181: Palo Alto Networks Inc. - Product / Service
Exhibit 182: Palo Alto Networks Inc. - Key news
Exhibit 183: Palo Alto Networks Inc. - Key offerings
12.17 Proofpoint Inc.
Exhibit 184: Proofpoint Inc. - Overview
Exhibit 185: Proofpoint Inc. - Product / Service
Exhibit 186: Proofpoint Inc. - Key offerings

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 187: Inclusions checklist
Exhibit 188: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 189: Currency conversion rates for US$
13.4 Research methodology
Exhibit 190: Research methodology
Exhibit 191: Validation techniques employed for market sizing
Exhibit 192: Information sources
13.5 List of abbreviations
Exhibit 193: List of abbreviations