Europe Managed Security Services Market Size, Share & Trends Analysis Report By Enterprise Size (Large enterprises, and SMEs), By Services, By Security, By Vertical, By Country and Growth Forecast, 2024

List of Tables

The Europe Managed Security Services Market would witness market growth of 14.7% CAGR during the forecast period (2024-2031).

The Germany market dominated the Europe Managed Security Services Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $6,019.9 million by 2031. The UK market is exhibiting a CAGR of 13.7% during (2024 - 2031). Additionally, The France market would experience a CAGR of 15.6% during (2024 - 2031).

Organizations often struggle to keep track of vulnerabilities within their systems. Managed security service (MSS) providers offer vulnerability assessments and management services, helping organizations identify weaknesses in their networks and applications, prioritize them based on risk, and implement effective remediation strategies.

Endpoint security has become paramount with the rise of remote work and BYOD (Bring Your Own Device) policies. MSS providers deliver endpoint protection solutions, including antivirus, anti-malware, and endpoint detection and response (EDR) capabilities, ensuring that all devices connected to the corporate network are secure. Regulatory requirements around data protection, such as GDPR, HIPAA, and PCI-DSS, necessitate ongoing compliance efforts.

The rise of cyberattacks in Europe has become a pressing concern, significantly impacting this market. Ransomware, in particular, has emerged as one of the most formidable threats, with over ten terabytes of data being stolen each month across the European Union. This alarming trend underscores the growing sophistication of cybercriminals and the urgent need for organizations to bolster their security measures. As businesses grapple with the ramifications of these attacks, the demand for MSS is escalating as companies seek expert guidance and advanced solutions to protect their digital assets. Therefore, the rising incidence of cyberattacks in Europe catalyzes a shift in the cybersecurity landscape, positioning the managed security services market for significant expansion.

Based on Enterprise Size, the market is segmented into Large enterprises, and SMEs. Based on Services, the market is segmented into Managed UTM, Managed SIEM, Managed DDoS, Managed XDR, Managed IAM, and Managed Risk & Compliance. Based on Security, the market is segmented into Cloud Security, Data Security, End-point Security, Network Security, and Other Security. Based on Vertical, the market is segmented into BFSI, Healthcare, Manufacturing, IT & Telecommunications, Retail, Defense/Government, and Other Vertical. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.

List of Key Companies Profiled

IBM Corporation
Cisco Systems, Inc.
Check Point Software Technologies Ltd.
Broadcom, Inc. (Symantec Corporation)
Wipro Limited
Verizon Communications, Inc.
SecureWorks Corp. (Dell Technologies, Inc.)
Accenture PLC
BT Group plc
SonicWall, Inc.

Europe Managed Security Services Market Report Segmentation

By Enterprise Size

Large enterprises
SMEs

By Services

Managed UTM
Managed SIEM
Managed DDoS
Managed XDR
Managed IAM
Managed Risk & Compliance

By Security

Cloud Security
Data Security
End-point Security
Network Security
Other Security

By Vertical

BFSI
Healthcare
Manufacturing
IT & Telecommunications
Retail
Defense/Government
Other Vertical

By Country

Germany
UK
France
Russia
Spain
Italy
Rest of Europe

Chapter 1. Market Scope & Methodology

1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
- 1.4.1 Europe Managed Security Services Market, by Enterprise Size
- 1.4.2 Europe Managed Security Services Market, by Services
- 1.4.3 Europe Managed Security Services Market, by Security
- 1.4.4 Europe Managed Security Services Market, by Vertical
- 1.4.5 Europe Managed Security Services Market, by Country
1.5 Methodology for the research

Chapter 2. Market at a Glance

2.1 Key Highlights

Chapter 3. Market Overview

3.1 Introduction
- 3.1.1 Overview
  - 3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges

Chapter 4. Competition Analysis - Global

4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
- 4.2.1 Partnerships, Collaborations and Agreements
- 4.2.2 Product Launches and Product Expansions
- 4.2.3 Acquisition and Mergers
4.3 Market Share Analysis, 2023
4.4 Top Winning Strategies
- 4.4.1 Key Leading Strategies: Percentage Distribution (2020-2024)
- 4.4.2 Key Strategic Move: (Partnerships, Collaborations and Agreements: 2021, Sep - 2024, Sep) Leading Players
4.5 Porter Five Forces Analysis

Chapter 5. Europe Managed Security Services Market by Enterprise Size

5.1 Europe Large enterprises Market by Country
5.2 Europe SMEs Market by Country

Chapter 6. Europe Managed Security Services Market by Services

6.1 Europe Managed UTM Market by Country
6.2 Europe Managed SIEM Market by Country
6.3 Europe Managed DDoS Market by Country
6.4 Europe Managed XDR Market by Country
6.5 Europe Managed IAM Market by Country
6.6 Europe Managed Risk & Compliance Market by Country

Chapter 7. Europe Managed Security Services Market by Security

7.1 Europe Cloud Security Market by Country
7.2 Europe Data Security Market by Country
7.3 Europe End-point Security Market by Country
7.4 Europe Network Security Market by Country
7.5 Europe Other Security Market by Country

Chapter 8. Europe Managed Security Services Market by Vertical

8.1 Europe BFSI Market by Country
8.2 Europe Healthcare Market by Country
8.3 Europe Manufacturing Market by Country
8.4 Europe IT & Telecommunications Market by Country
8.5 Europe Retail Market by Country
8.6 Europe Defense/Government Market by Country
8.7 Europe Other Vertical Market by Country

Chapter 9. Europe Managed Security Services Market by Country

9.1 Germany Managed Security Services Market
- 9.1.1 Germany Managed Security Services Market by Enterprise Size
- 9.1.2 Germany Managed Security Services Market by Services
- 9.1.3 Germany Managed Security Services Market by Security
- 9.1.4 Germany Managed Security Services Market by Vertical
9.2 UK Managed Security Services Market
- 9.2.1 UK Managed Security Services Market by Enterprise Size
- 9.2.2 UK Managed Security Services Market by Services
- 9.2.3 UK Managed Security Services Market by Security
- 9.2.4 UK Managed Security Services Market by Vertical
9.3 France Managed Security Services Market
- 9.3.1 France Managed Security Services Market by Enterprise Size
- 9.3.2 France Managed Security Services Market by Services
- 9.3.3 France Managed Security Services Market by Security
- 9.3.4 France Managed Security Services Market by Vertical
9.4 Russia Managed Security Services Market
- 9.4.1 Russia Managed Security Services Market by Enterprise Size
- 9.4.2 Russia Managed Security Services Market by Services
- 9.4.3 Russia Managed Security Services Market by Security
- 9.4.4 Russia Managed Security Services Market by Vertical
9.5 Spain Managed Security Services Market
- 9.5.1 Spain Managed Security Services Market by Enterprise Size
- 9.5.2 Spain Managed Security Services Market by Services
- 9.5.3 Spain Managed Security Services Market by Security
- 9.5.4 Spain Managed Security Services Market by Vertical
9.6 Italy Managed Security Services Market
- 9.6.1 Italy Managed Security Services Market by Enterprise Size
- 9.6.2 Italy Managed Security Services Market by Services
- 9.6.3 Italy Managed Security Services Market by Security
- 9.6.4 Italy Managed Security Services Market by Vertical
9.7 Rest of Europe Managed Security Services Market
- 9.7.1 Rest of Europe Managed Security Services Market by Enterprise Size
- 9.7.2 Rest of Europe Managed Security Services Market by Services
- 9.7.3 Rest of Europe Managed Security Services Market by Security
- 9.7.4 Rest of Europe Managed Security Services Market by Vertical

Chapter 10. Company Profiles

10.1 IBM Corporation
- 10.1.1 Company Overview
- 10.1.2 Financial Analysis
- 10.1.3 Regional & Segmental Analysis
- 10.1.4 Research & Development Expenses
- 10.1.5 Recent strategies and developments:
  - 10.1.5.1 Partnerships, Collaborations, and Agreements:
  - 10.1.5.2 Product Launches and Product Expansions:
  - 10.1.5.3 Acquisition and Mergers:
- 10.1.6 SWOT Analysis
10.2 Cisco Systems, Inc.
- 10.2.1 Company Overview
- 10.2.2 Financial Analysis
- 10.2.3 Regional Analysis
- 10.2.4 Research & Development Expense
- 10.2.5 Recent strategies and developments:
  - 10.2.5.1 Partnerships, Collaborations, and Agreements:
  - 10.2.5.2 Product Launches and Product Expansions:
  - 10.2.5.3 Acquisition and Mergers:
- 10.2.6 SWOT Analysis
10.3 Broadcom, Inc. (Symantec Corporation)
- 10.3.1 Company Overview
- 10.3.2 Financial Analysis
- 10.3.3 Segmental and Regional Analysis
- 10.3.4 Research & Development Expense
- 10.3.5 Recent strategies and developments:
  - 10.3.5.1 Partnerships, Collaborations, and Agreements:
  - 10.3.5.2 Acquisition and Mergers:
- 10.3.6 SWOT Analysis
10.4 Check Point Software Technologies Ltd.
- 10.4.1 Company Overview
- 10.4.2 Financial Analysis
- 10.4.3 Regional Analysis
- 10.4.4 Research & Development Expenses
- 10.4.5 Recent strategies and developments:
  - 10.4.5.1 Partnerships, Collaborations, and Agreements:
  - 10.4.5.2 Product Launches and Product Expansions:
  - 10.4.5.3 Acquisition and Mergers:
- 10.4.6 SWOT Analysis
10.5 Wipro Limited
- 10.5.1 Company Overview
- 10.5.2 Financial Analysis
- 10.5.3 Segmental and Regional Analysis
- 10.5.4 Research & Development Expenses
- 10.5.5 Recent strategies and developments:
  - 10.5.5.1 Partnerships, Collaborations, and Agreements:
- 10.5.6 SWOT Analysis
10.6 Verizon Communications, Inc.
- 10.6.1 Company Overview
- 10.6.2 Financial Analysis
- 10.6.3 Segmental Analysis
- 10.6.4 Recent strategies and developments:
  - 10.6.4.1 Partnerships, Collaborations, and Agreements:
- 10.6.5 SWOT Analysis
10.7 SecureWorks Corp. (Dell Technologies, Inc.)
- 10.7.1 Company Overview
- 10.7.2 Financial Analysis
- 10.7.3 Regional Analysis
- 10.7.4 Research & Development Expenses
- 10.7.5 Recent strategies and developments:
  - 10.7.5.1 Product Launches and Product Expansions:
10.8 Accenture PLC
- 10.8.1 Company Overview
- 10.8.2 Financial Analysis
- 10.8.3 Segmental Analysis
- 10.8.4 Research & Development Expenses
- 10.8.5 Recent strategies and developments:
  - 10.8.5.1 Partnerships, Collaborations, and Agreements:
  - 10.8.5.2 Acquisition and Mergers:
- 10.8.6 SWOT Analysis
10.9 BT Group plc
- 10.9.1 Company Overview
- 10.9.2 Financial Analysis
- 10.9.3 Segmental and Regional Analysis
- 10.9.4 Research & Development Expenses
- 10.9.5 SWOT Analysis
10.10. SonicWall, Inc.
- 10.10.1 Company Overview
- 10.10.2 Recent strategies and developments:
  - 10.10.2.1 Product Launches and Product Expansions:
  - 10.10.2.2 Acquisition and Mergers:
- 10.10.3 SWOT Analysis

LIST OF TABLES

TABLE 1 Europe Managed Security Services Market, 2020 - 2023, USD Million
TABLE 2 Europe Managed Security Services Market, 2024 - 2031, USD Million
TABLE 3 Partnerships, Collaborations and Agreements- Managed Security Services Market
TABLE 4 Product Launches And Product Expansions- Managed Security Services Market
TABLE 5 Acquisition and Mergers- Managed Security Services Market
TABLE 6 Europe Managed Security Services Market by Enterprise Size, 2020 - 2023, USD Million
TABLE 7 Europe Managed Security Services Market by Enterprise Size, 2024 - 2031, USD Million
TABLE 8 Europe Large enterprises Market by Country, 2020 - 2023, USD Million
TABLE 9 Europe Large enterprises Market by Country, 2024 - 2031, USD Million
TABLE 10 Europe SMEs Market by Country, 2020 - 2023, USD Million
TABLE 11 Europe SMEs Market by Country, 2024 - 2031, USD Million
TABLE 12 Europe Managed Security Services Market by Services, 2020 - 2023, USD Million
TABLE 13 Europe Managed Security Services Market by Services, 2024 - 2031, USD Million
TABLE 14 Europe Managed UTM Market by Country, 2020 - 2023, USD Million
TABLE 15 Europe Managed UTM Market by Country, 2024 - 2031, USD Million
TABLE 16 Europe Managed SIEM Market by Country, 2020 - 2023, USD Million
TABLE 17 Europe Managed SIEM Market by Country, 2024 - 2031, USD Million
TABLE 18 Europe Managed DDoS Market by Country, 2020 - 2023, USD Million
TABLE 19 Europe Managed DDoS Market by Country, 2024 - 2031, USD Million
TABLE 20 Europe Managed XDR Market by Country, 2020 - 2023, USD Million
TABLE 21 Europe Managed XDR Market by Country, 2024 - 2031, USD Million
TABLE 22 Europe Managed IAM Market by Country, 2020 - 2023, USD Million
TABLE 23 Europe Managed IAM Market by Country, 2024 - 2031, USD Million
TABLE 24 Europe Managed Risk & Compliance Market by Country, 2020 - 2023, USD Million
TABLE 25 Europe Managed Risk & Compliance Market by Country, 2024 - 2031, USD Million
TABLE 26 Europe Managed Security Services Market by Security, 2020 - 2023, USD Million
TABLE 27 Europe Managed Security Services Market by Security, 2024 - 2031, USD Million
TABLE 28 Europe Cloud Security Market by Country, 2020 - 2023, USD Million
TABLE 29 Europe Cloud Security Market by Country, 2024 - 2031, USD Million
TABLE 30 Europe Data Security Market by Country, 2020 - 2023, USD Million
TABLE 31 Europe Data Security Market by Country, 2024 - 2031, USD Million
TABLE 32 Europe End-point Security Market by Country, 2020 - 2023, USD Million
TABLE 33 Europe End-point Security Market by Country, 2024 - 2031, USD Million
TABLE 34 Europe Network Security Market by Country, 2020 - 2023, USD Million
TABLE 35 Europe Network Security Market by Country, 2024 - 2031, USD Million
TABLE 36 Europe Other Security Market by Country, 2020 - 2023, USD Million
TABLE 37 Europe Other Security Market by Country, 2024 - 2031, USD Million
TABLE 38 Europe Managed Security Services Market by Vertical, 2020 - 2023, USD Million
TABLE 39 Europe Managed Security Services Market by Vertical, 2024 - 2031, USD Million
TABLE 40 Europe BFSI Market by Country, 2020 - 2023, USD Million
TABLE 41 Europe BFSI Market by Country, 2024 - 2031, USD Million
TABLE 42 Europe Healthcare Market by Country, 2020 - 2023, USD Million
TABLE 43 Europe Healthcare Market by Country, 2024 - 2031, USD Million
TABLE 44 Europe Manufacturing Market by Country, 2020 - 2023, USD Million
TABLE 45 Europe Manufacturing Market by Country, 2024 - 2031, USD Million
TABLE 46 Europe IT & Telecommunications Market by Country, 2020 - 2023, USD Million
TABLE 47 Europe IT & Telecommunications Market by Country, 2024 - 2031, USD Million
TABLE 48 Europe Retail Market by Country, 2020 - 2023, USD Million
TABLE 49 Europe Retail Market by Country, 2024 - 2031, USD Million
TABLE 50 Europe Defense/Government Market by Country, 2020 - 2023, USD Million
TABLE 51 Europe Defense/Government Market by Country, 2024 - 2031, USD Million
TABLE 52 Europe Other Vertical Market by Country, 2020 - 2023, USD Million
TABLE 53 Europe Other Vertical Market by Country, 2024 - 2031, USD Million
TABLE 54 Europe Managed Security Services Market by Country, 2020 - 2023, USD Million
TABLE 55 Europe Managed Security Services Market by Country, 2024 - 2031, USD Million
TABLE 56 Germany Managed Security Services Market, 2020 - 2023, USD Million
TABLE 57 Germany Managed Security Services Market, 2024 - 2031, USD Million
TABLE 58 Germany Managed Security Services Market by Enterprise Size, 2020 - 2023, USD Million
TABLE 59 Germany Managed Security Services Market by Enterprise Size, 2024 - 2031, USD Million
TABLE 60 Germany Managed Security Services Market by Services, 2020 - 2023, USD Million
TABLE 61 Germany Managed Security Services Market by Services, 2024 - 2031, USD Million
TABLE 62 Germany Managed Security Services Market by Security, 2020 - 2023, USD Million
TABLE 63 Germany Managed Security Services Market by Security, 2024 - 2031, USD Million
TABLE 64 Germany Managed Security Services Market by Vertical, 2020 - 2023, USD Million
TABLE 65 Germany Managed Security Services Market by Vertical, 2024 - 2031, USD Million
TABLE 66 UK Managed Security Services Market, 2020 - 2023, USD Million
TABLE 67 UK Managed Security Services Market, 2024 - 2031, USD Million
TABLE 68 UK Managed Security Services Market by Enterprise Size, 2020 - 2023, USD Million
TABLE 69 UK Managed Security Services Market by Enterprise Size, 2024 - 2031, USD Million
TABLE 70 UK Managed Security Services Market by Services, 2020 - 2023, USD Million
TABLE 71 UK Managed Security Services Market by Services, 2024 - 2031, USD Million
TABLE 72 UK Managed Security Services Market by Security, 2020 - 2023, USD Million
TABLE 73 UK Managed Security Services Market by Security, 2024 - 2031, USD Million
TABLE 74 UK Managed Security Services Market by Vertical, 2020 - 2023, USD Million
TABLE 75 UK Managed Security Services Market by Vertical, 2024 - 2031, USD Million
TABLE 76 France Managed Security Services Market, 2020 - 2023, USD Million
TABLE 77 France Managed Security Services Market, 2024 - 2031, USD Million
TABLE 78 France Managed Security Services Market by Enterprise Size, 2020 - 2023, USD Million
TABLE 79 France Managed Security Services Market by Enterprise Size, 2024 - 2031, USD Million
TABLE 80 France Managed Security Services Market by Services, 2020 - 2023, USD Million
TABLE 81 France Managed Security Services Market by Services, 2024 - 2031, USD Million
TABLE 82 France Managed Security Services Market by Security, 2020 - 2023, USD Million
TABLE 83 France Managed Security Services Market by Security, 2024 - 2031, USD Million
TABLE 84 France Managed Security Services Market by Vertical, 2020 - 2023, USD Million
TABLE 85 France Managed Security Services Market by Vertical, 2024 - 2031, USD Million
TABLE 86 Russia Managed Security Services Market, 2020 - 2023, USD Million
TABLE 87 Russia Managed Security Services Market, 2024 - 2031, USD Million
TABLE 88 Russia Managed Security Services Market by Enterprise Size, 2020 - 2023, USD Million
TABLE 89 Russia Managed Security Services Market by Enterprise Size, 2024 - 2031, USD Million
TABLE 90 Russia Managed Security Services Market by Services, 2020 - 2023, USD Million
TABLE 91 Russia Managed Security Services Market by Services, 2024 - 2031, USD Million
TABLE 92 Russia Managed Security Services Market by Security, 2020 - 2023, USD Million
TABLE 93 Russia Managed Security Services Market by Security, 2024 - 2031, USD Million
TABLE 94 Russia Managed Security Services Market by Vertical, 2020 - 2023, USD Million
TABLE 95 Russia Managed Security Services Market by Vertical, 2024 - 2031, USD Million
TABLE 96 Spain Managed Security Services Market, 2020 - 2023, USD Million
TABLE 97 Spain Managed Security Services Market, 2024 - 2031, USD Million
TABLE 98 Spain Managed Security Services Market by Enterprise Size, 2020 - 2023, USD Million
TABLE 99 Spain Managed Security Services Market by Enterprise Size, 2024 - 2031, USD Million
TABLE 100 Spain Managed Security Services Market by Services, 2020 - 2023, USD Million
TABLE 101 Spain Managed Security Services Market by Services, 2024 - 2031, USD Million
TABLE 102 Spain Managed Security Services Market by Security, 2020 - 2023, USD Million
TABLE 103 Spain Managed Security Services Market by Security, 2024 - 2031, USD Million
TABLE 104 Spain Managed Security Services Market by Vertical, 2020 - 2023, USD Million
TABLE 105 Spain Managed Security Services Market by Vertical, 2024 - 2031, USD Million
TABLE 106 Italy Managed Security Services Market, 2020 - 2023, USD Million
TABLE 107 Italy Managed Security Services Market, 2024 - 2031, USD Million
TABLE 108 Italy Managed Security Services Market by Enterprise Size, 2020 - 2023, USD Million
TABLE 109 Italy Managed Security Services Market by Enterprise Size, 2024 - 2031, USD Million
TABLE 110 Italy Managed Security Services Market by Services, 2020 - 2023, USD Million
TABLE 111 Italy Managed Security Services Market by Services, 2024 - 2031, USD Million
TABLE 112 Italy Managed Security Services Market by Security, 2020 - 2023, USD Million
TABLE 113 Italy Managed Security Services Market by Security, 2024 - 2031, USD Million
TABLE 114 Italy Managed Security Services Market by Vertical, 2020 - 2023, USD Million
TABLE 115 Italy Managed Security Services Market by Vertical, 2024 - 2031, USD Million
TABLE 116 Rest of Europe Managed Security Services Market, 2020 - 2023, USD Million
TABLE 117 Rest of Europe Managed Security Services Market, 2024 - 2031, USD Million
TABLE 118 Rest of Europe Managed Security Services Market by Enterprise Size, 2020 - 2023, USD Million
TABLE 119 Rest of Europe Managed Security Services Market by Enterprise Size, 2024 - 2031, USD Million
TABLE 120 Rest of Europe Managed Security Services Market by Services, 2020 - 2023, USD Million
TABLE 121 Rest of Europe Managed Security Services Market by Services, 2024 - 2031, USD Million
TABLE 122 Rest of Europe Managed Security Services Market by Security, 2020 - 2023, USD Million
TABLE 123 Rest of Europe Managed Security Services Market by Security, 2024 - 2031, USD Million
TABLE 124 Rest of Europe Managed Security Services Market by Vertical, 2020 - 2023, USD Million
TABLE 125 Rest of Europe Managed Security Services Market by Vertical, 2024 - 2031, USD Million
TABLE 126 Key Information - IBM Corporation
TABLE 127 Key Information - Cisco Systems, Inc.
TABLE 128 Key Information - Broadcom, Inc.
TABLE 129 Key Information - Check Point Software Technologies Ltd.
TABLE 130 Key Information - Wipro Limited
TABLE 131 key information - Verizon Communications, Inc.
TABLE 132 Key Information - SecureWorks Corp.
TABLE 133 Key Information - Accenture PLC
TABLE 134 Key Information - BT Group plc
TABLE 135 Key Information - sonicwall, inc

Europe Managed Security Services Market Size, Share & Trends Analysis Report By Enterprise Size (Large enterprises, and SMEs), By Services, By Security, By Vertical, By Country and Growth Forecast, 2024 - 2031

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