Global Managed Security Services Market: Investment & Growth Opportunity Analysis, 2019-2028
$2,800.00 – $5,440.00
The increasing regulatory compliance and cyberattacks across the globe are driving the demand for managed security services market
The global managed security services (MSS) market was valued at US$ 24.6 billion in 2021 and is expected to witness a robust growth rate of over 15% during the forecast period of 2022-2028. The regulations imposed for insufficient data privacy measures are anticipated to propel the growth of the MSS market across the globe.
Moreover, organizations have started shifting towards allocating 25% or less of their security budgets towards MSS owing to the increasing cyberattacks and continuously evolving threat landscape. In addition, the scarcity of in-house talent and expertise and the upsurging need to overcome complex and targeted attacks are anticipated to further fuel the market growth. Besides, mega campaigns such as Smart Cities Initiative, Digital India, and Make in India are likely to augment MSS adoption.
The rise of IoT as well as the increasing expenditures towards the same will catalyze market growth in the forthcoming years
New business models and respective revenue streams in the IoT industry are expected to lead to a new wave of supporting IoT networks and sensor devices, further contributing to the growth of the global MSS market. Moreover, the application and software development activities are anticipated to hold the majority of investments, giving rise to opportunities for MSSPs to manage activity. Enterprises often lack access to cross-industry and cross-border security intelligence needed for effective threat visibility, contributing to the growth of the market. The other growing industries like Blockchain, Augmented Reality, AI, and IoT is expected to create ample opportunities for the global MSS market.
North America held the largest major share while the Asia Pacific is set to grow at the fastest growth
The Asia Pacific is expected to grow the fastest at a CAGR of over 17%, primarily driven by the increasing expenditure on managed services and growing industrialization across the economies of region such as China, India, South Korea, Indonesia, and Australia. North America is expected to grow the second fastest at a CAGR of 16% in the forecast period of 2022-2028. North America managed security services market is driven by the increasing volume, diversity, and sophistication of cyber threats aimed at expanding the exposure footprint. This is compounded by out-of-date security measures as well as difficulties with in-house staffing and adaptation.
In Latin America, Brazil holds the largest market followed by Mexico owing to the growing use of security asset management, threat intelligence, research, detection, and remediation services, where the former holds the largest share of the LATAM MSS market at more than 70%. However, in the European region, the UK, Germany, and France are the top 3 countries for MSS in terms of revenue. Europe’s manufacturing sector is expected to open a pool of opportunities for the MSS market in the region. In the MEA region, start-ups are expected to flood the market and medium enterprises are expected to catch up with the adoption of MSS owing to the increased regulations in the region.
Market Structure and Competitive Landscape
The global MSS market remains fragmented in recent times, however, a slight consolidation is expected in the coming years. More players are penetrating the marketplace due to the upsurge in technological advancements and increased attacks sophistication across the globe. Some of the key market players include IBM, Verizon, BT Global Services, AT & T, Atos SE, Hewlett Packard Enterprise, Dell SecureWorks, Symantec, Telefonica, Accenture, HCL Technologies, Swisscom, TATA consultancy services, Arcon, Cipher, Bae Systems, among others.
The above-mentioned players focus on simplifying the customer experience, encouraging investments in the cloud, leveraging emerging technologies, and providing beyond the conventional on-premise equipment solutions. The notable strategic transactions adopted by these players include well-planned acquisitions, expanding product portfolios, and increasing their expertise in their respective regions. Some of the key developments in the global MSS market include,
- In February 2019, Palo Alto is a provider of network security solutions and applications to enterprises, service providers, and government entities and acquired Demisto for US$ 560 million to expand its incident response portfolio.
- In February 2019, Carbonite has acquired Webroot for US$ 618 million in line with its growth strategy to enhance its stronghold in the data protection market by adding Webroot’s MSP channel to its Value-Added-Reseller channel, thereby increasing its overall service offerings to include the endpoint backup and recovery services.
- In May 2019, Orange acquired SecureLink, enabling Orange to strengthen its position in the European cybersecurity industry. The combined entity will explore synergies and provide complex security services needed by its customers globally.
Key Market Segmentation
RationalStat has segmented the global managed security services market on the basis of type, deployment mode, organization size, end use industry, and region.
- By Type
- Security Asset Monitoring and Management (SAMM)
- Security Information & Event Management
- Managed Detection & Response
- Database Security & Disaster Recovery-as-a-service (DRaaS)
- Messaging & Email Security
- Security Consulting & Services
- Risk and Compliance Management (RCM)
- Risk Assessment & Visibility
- Digital Risk Management
- Vulnerability Assessment & Pen Testing
- Security Rating & Risk Analysis
- Security Awareness & Training
- Threat Intelligence, Research, Detection, and Remediation (TIRDR)
- Firewall, Network Analysis & Forensics
- Threat Intelligence
- Fraud & Transaction Security
- Software Defined Networking (SDN)
- Distributed Denial of Service (DDoS) Protection
- Advanced and Emergency Managed Security Services
- Identity Access Management (IAM)
- End Point Security
- Data Encryption, Privacy & Loss Protection
- Security Operations & Incident Response
- Security Asset Monitoring and Management (SAMM)
- By Deployment Mode
- Cloud
- On Premises
- By Organization Size
- Small and Medium Enterprises (SMEs)
- Government
- Large Organizations
- By End Use Industry
- IT & Telecommunications
- Healthcare & Lifesciences
- Manufacturing
- Retail & E-Commerce
- Government & Public Sector
- Travel & Hospitality
- Education
- Transportation
- Banking, Financial Services & Insurance (BFSI)
- By Region
- North America
- US
- Canada
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Western Europe
- Germany
- UK
- France
- Spain
- Italy
- Benelux
- Nordic
- Rest of Western Europe
- Eastern Europe
- Russia
- Poland
- Rest of Eastern Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- ASEAN (Indonesia, Vietnam, Malaysia, etc.)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- South Africa
- Turkey
- Rest of the Middle East & Africa
- North America
Research Methodology
RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoint to create a research methodology for market sizing and forecasting.
RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:
- Defining the problem by understanding the type of market and data required by the client.
- Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
- Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
- Evaluating and analyzing the data by referring to data sources utilized and leveraged.
- Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.
Secondary Sources
- Annual reports, company filings, investor presentations, product catalogs, and company documents
- Industry and market-related documents available in the public domain
- Paid database including Bloomberg, Factiva, S&P Capital IQ, FactSet, Refinitiv Eikon, ICIS, EUWID, and Thomson Reuters, among others.
- Whitepapers, research papers, and industry blogs.
Why Buy this Report?
The report is intended for Global Managed Security Services Market manufacturers and suppliers, government organizations, educational organizations, regulatory agencies, and market research firms, among others. The report provides an in-depth analysis of market size, consumption patterns, ongoing market trends and challenges, and future market opportunities. The report will serve as a source for a 360-degree analysis of the market thoroughly delivering insights to clients to find the right answers to their business questions.
Frequently Asked Questions (FAQs)
The Global Managed Security Services Market is expected to grow at a CAGR of approximately 15% during the forecast period 2022-2028.
The global market for managed security services was US$ 24.6 Billion in 2021.
Increasing government regulations and an upsurge in the IoT industry are some of the key trends in the global managed security services market.
North America is the leading region in the market.
Major companies operating in the Global Managed Security Services Market include IBM, Verizon, BT Global Services, AT & T, Atos SE, Hewlett Packard Enterprise, Dell SecureWorks, Symantec, Telefonica, Accenture, HCL Technologies, Swisscom, TATA consultancy services, Arcon, Cipher, Bae Systems, among others.
| REGION | Global |
|---|---|
| RELEASE YEAR | 2022 |
| RESEARCH CODE | RST-SAR-103 |
| ADDITIONAL FEATURE | 24×7 Post sales support and 15% free customization |
| User License | Single User/Team License, Corporate License |
TABLE OF CONTENTS
1. Market Introduction
1.1. Scope of Study
1.2. Problem Statemen
1.3. Market Segmentation
2. Assumptions and Acronyms
3. Executive Summary
3.1. Global Market in 2022
3.2. Analyst Insights & Recommendations
3.3. Growth Opportunities and Key Strategies
3.4. Supply-side and Demand-side Trends
4. Research Methodology
5. Analysis of COVID-19 Impact and Road Ahead
6. Market Indicators and Background
6.1. Macro-Economic Factors
6.2. Forecasting Factors
6.3. Supply Chain & Value Chain Analysis
6.4. Industry SWOT Analysis
6.5. PESTLE Analysis
6.6. Porter’s Five Forces Analysis
7. Government Laws and Industry Regulations
7.1. Regulatory Standard by Region
7.2. Product Certifications by Region
7.3. Enforcing Agency by Region
8. Global and Regional Market Dynamics
8.1. Drivers
8.2. Restraints
8.3. Trends
8.4. Opportunities
9. Cybersecurity Industry Insights
9.1. Cybersecurity Ecosystem Analysis
9.1.1. Cybersecurity hardware suppliers
9.1.2. Cybersecurity software developers
9.1.3. Cybersecurity service providers
9.1.4. Cloud service providers
9.1.5. System integrators
9.1.6. Third party managed service providers
9.1.7. Distribution channel
9.1.8. End users
9.1.9. Profit margin analysis
9.1.10. Vendor matrix
9.2. Technology & Innovation Landscape
9.2.1. Virtualized Firewall
9.2.2. AI and Machine Learning
9.2.3. Blockchain
9.3. Patent Analysis
9.4. Investment Portfolio
9.5. Industry Affecting Factors
9.5.1. Growth Drivers
9.5.2. Industry Pitfall & Challenges
10. Pricing Factors of Managed Security Services
10.1.Service Level Agreements (SLAs)
10.2.Degree of Involvement
10.3.Delivery Mode
10.4.Contract Length
10.5.Geographic Coverage
10.6.Integration of Other Managed Services
10.7.Complexity of IT Infrastructures
11. Parent Market Overview
11.1.Global ICT Market
11.2.Global Cybersecurity Market
12. Segmental Analysis
12.1.Global Managed Security Services Market by Type
12.1.1. Segment Overview
12.1.1.1. Security Asset Monitoring and Management (SAMM)
12.1.1.1.1. Security Information & Event Management
12.1.1.1.2. Managed Detection & Response
12.1.1.1.3. Database Security & Disaster Recovery-as-a-service (DRaaS)
12.1.1.1.4. Messaging & Email Security
12.1.1.1.5. Security Consulting & Services
12.1.1.2. Risk and Compliance Management (RCM)
12.1.1.2.1. Risk Assessment & Visibility
12.1.1.2.2. Digital Risk Management
12.1.1.2.3. Vulnerability Assessment & Pen Testing
12.1.1.2.4. Security Rating & Risk Analysis
12.1.1.2.5. Security Awareness & Training
12.1.1.3. Threat Intelligence, Research, Detection, and Remediation (TIRDR)
12.1.1.3.1. Firewall, Network Analysis & Forensics
12.1.1.3.2. Threat Intelligence
12.1.1.3.3. Fraud & Transaction Security
12.1.1.3.4. Software Defined Networking (SDN)
12.1.1.4. Distributed Denial of Service (DDoS) Protection
12.1.1.5. Advanced and Emergency Managed Security Services
12.1.1.5.1. Identity Access Management (IAM)
12.1.1.5.2. End Point Security
12.1.1.5.3. Data Encryption, Privacy & Loss Protection
12.1.1.5.4. Security Operations & Incident Response
12.2.Global Managed Security Services Market by Deployment Mode
12.2.1. Segment Overview
12.2.1.1. Cloud
12.2.1.2. On Premises
12.3.Global Managed Security Services Market by Organization Size
12.3.1. Segment Overview
12.3.1.1. Small and Medium Enterprises (SMEs)
12.3.1.2. Government
12.3.1.3. Large Organizations
12.4.Global Managed Security Services Market by End Use Industry
12.4.1. Segment Overview
12.4.1.1. IT & Telecommunications
12.4.1.2. Healthcare & Lifesciences
12.4.1.3. Manufacturing
12.4.1.4. Retail & E-Commerce
12.4.1.5. Government & Public Sector
12.4.1.6. Travel & Hospitality
12.4.1.7. Education
12.4.1.8. Transportation
12.4.1.9. Banking, Financial Services & Insurance (BFSI)
12.5.Global Managed Security Services Market by Region
12.5.1. North America
12.5.2. Latin America
12.5.3. Western Europe
12.5.4. Eastern Europe
12.5.5. Asia Pacific
12.5.6. Middle East & Africa
13. Regional Analysis
13.1.North America Managed Security Services Market Analysis and Forecast 2019-2028
13.1.1. Regional Market Overview and Key Takeaways
13.1.2. North America Managed Security Services Market by Type
13.1.3. North America Managed Security Services Market by Deployment Mode
13.1.4. North America Managed Security Services Market by Organization Size
13.1.5. North America Managed Security Services Market by End Use Industry
13.1.6. North America Managed Security Services Market by Country
13.1.6.1. US
13.2.Latin America Managed Security Services Market Analysis and Forecast 2019-2028
13.2.1. Regional Market Overview and Key Takeaways
13.2.2. Latin America Managed Security Services Market by Type
13.2.3. Latin America Managed Security Services Market by Deployment Mode
13.2.4. Latin America Managed Security Services Market by Organization Size
13.2.5. Latin America Managed Security Services Market by End Use Industry
13.2.6. Latin America Managed Security Services Market by Country
13.2.6.1. Brazil
13.2.6.2. Mexico
13.2.6.3. Rest of Latin America
13.3.Western Europe Managed Security Services Market Analysis and Forecast 2019-2028
13.3.1. Regional Market Overview and Key Takeaways
13.3.2. Western Europe Managed Security Services Market by Type
13.3.3. Western Europe Managed Security Services Market by Deployment Mode
13.3.4. Western Europe Managed Security Services Market by Organization Size
13.3.5. Western Europe Managed Security Services Market by End Use Industry
13.3.6. Western Europe Managed Security Services Market by Country
13.3.6.1. Germany
13.3.6.2. UK
13.3.6.3. France
13.3.6.4. Spain
13.3.6.5. Italy
13.3.6.6. Benelux
13.3.6.7. Nordic
13.3.6.8. Rest of Western Europe
13.4.Eastern Europe Managed Security Services Market Analysis and Forecast 2019-2028
13.4.1. Regional Market Overview and Key Takeaways
13.4.2. Eastern Europe Managed Security Services Market by Type
13.4.3. Eastern Europe Managed Security Services Market by Deployment Mode
13.4.4. Eastern Europe Managed Security Services Market by Organization Size
13.4.5. Eastern Europe Managed Security Services Market by End Use Industry
13.4.6. Eastern Europe Managed Security Services Market by Country
13.4.6.1. Russia
13.4.6.2. Poland
13.4.6.3. Rest of Eastern Europe
13.5.Asia Pacific Managed Security Services Market Analysis and Forecast 2019-2028
13.5.1. Regional Market Overview and Key Takeaways
13.5.2. Asia Pacific Managed Security Services Market by Type
13.5.3. Asia Pacific Managed Security Services Market by Deployment Mode
13.5.4. Asia Pacific Managed Security Services Market by Organization Size
13.5.5. Asia Pacific Managed Security Services Market by End Use Industry
13.5.6. Asia Pacific Managed Security Services Market by Country
13.5.6.1. China
13.5.6.2. Japan
13.5.6.3. India
13.5.6.4. South Korea
13.5.6.5. Australia
13.5.6.6. ASEAN
13.5.6.7. Rest of Asia-Pacific
13.6.Middle East & Africa Managed Security Services Market Analysis and Forecast 2019-2028
13.6.1. Regional Market Overview and Key Takeaways
13.6.2. Middle East & Africa Managed Security Services Market by Type
13.6.3. Middle East & Africa Managed Security Services Market by Deployment Mode
13.6.4. Middle East & Africa Managed Security Services Market by Organization Size
13.6.5. Middle East & Africa Managed Security Services Market by End Use Industry
13.6.6. Middle East & Africa Managed Security Services Market by Country
13.6.6.1. GCC
13.6.6.2. South Africa
13.6.6.3. Turkey
13.6.6.4. Rest of the Middle East & Africa
14. Competitive Landscape
14.1.Competition Dashboard
14.1.1. Global and Regional Market Share Analysis
14.1.2. Market Structure
14.2.Competitive Benchmarking
14.3.Key Strategy Analysis
14.4.Company Profiles
14.4.1.1. Company Overview
14.4.1.2. Product/Service Offerings
14.4.1.3. Financials
14.4.1.4. Recent Developments
14.4.2. Verizon
14.4.2.1. Company Overview
14.4.2.2. Product/Service Offerings
14.4.2.3. Financials
14.4.2.4. Recent Developments
14.4.3. BT Global Services
14.4.3.1. Company Overview
14.4.3.2. Product/Service Offerings
14.4.3.3. Key Financials
14.4.3.4. Recent Developments
14.4.4. AT & T
14.4.4.1. Company Overview
14.4.4.2. Product/Service Offerings
14.4.4.3. Key Financials
14.4.4.4. Recent Developments
14.4.5. Atos SE
14.4.5.1. Company Overview
14.4.5.2. Product/Service Offerings
14.4.5.3. Financials
14.4.5.4. Recent Developments
14.4.6. Hewlett Packard Enterprise
14.4.6.1. Company Overview
14.4.6.2. Product/Service Offerings
14.4.6.3. Financials
14.4.6.4. Recent Developments
14.4.7. Dell SecureWorks
14.4.7.1. Company Overview
14.4.7.2. Product/Service Offerings
14.4.7.3. Financials
14.4.7.4. Recent Developments
14.4.8. Symantec
14.4.8.1. Company Overview
14.4.8.2. Product/Service Offerings
14.4.8.3. Financials
14.4.8.4. Recent Developments
14.4.9. Orange Business Services
14.4.9.1. Company Overview
14.4.9.2. Product/Service Offerings
14.4.9.3. Financials
14.4.9.4. Recent Developments
14.4.10. Telefonica
14.4.10.1. Company Overview
14.4.10.2. Product/Service Offerings
14.4.10.3. Financials
14.4.10.4. Recent Developments
14.4.11. Accenture
14.4.11.1. Company Overview
14.4.11.2. Product/Service Offerings
14.4.11.3. Financials
14.4.11.4. Recent Developments
14.4.12. HCL Technologies
14.4.12.1. Company Overview
14.4.12.2. Product/Service Offerings
14.4.12.3. Financials
14.4.12.4. Recent Developments
14.4.13. Swisscom
14.4.13.1. Company Overview
14.4.13.2. Product/Service Offerings
14.4.13.3. Financials
14.4.13.4. Recent Developments
14.4.14. Trustwave
14.4.14.1. Company Overview
14.4.14.2. Product/Service Offerings
14.4.14.3. Financials
14.4.14.4. Recent Developments
14.4.15. TATA Consultancy Services
14.4.15.1. Company Overview
14.4.15.2. Product/Service Offerings
14.4.15.3. Financials
14.4.15.4. Recent Developments
14.4.16. Alert Logic
14.4.16.1. Company Overview
14.4.16.2. Product/Service Offerings
14.4.16.3. Financials
14.4.16.4. Recent Developments
14.4.17. Arcon
14.4.17.1. Company Overview
14.4.17.2. Product/Service Offerings
14.4.17.3. Financials
14.4.17.4. Recent Developments
14.4.18. Cipher
14.4.18.1. Company Overview
14.4.18.2. Product/Service Offerings
14.4.18.3. Financials
14.4.18.4. Recent Developments
14.4.19. BAE Systems
14.4.19.1. Company Overview
14.4.19.2. Product/Service Offerings
14.4.19.3. Financials
14.4.19.4. Recent Developments
14.4.20. Global DataGuard
14.4.20.1. Company Overview
14.4.20.2. Product/Service Offerings
14.4.20.3. Financials
14.4.20.4. Recent Developments
A comprehensive list of Managed Security Services brands/manufacturers by country will be provided along with geographical reach, employee count, revenue, product capacities, and their capabilities.
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