WESTFORD, Mass., July 4, 2024
/PRNewswire/ -- According to SkyQuest, the global Managed
Security Services Market size was valued at USD 26.89 billion in 2022 and is poised to grow
from USD 31.18 billion in 2023 to
USD 101.86 billion by 2031, growing
at a CAGR of 15.95% during the forecast period (2024-2031).
The global managed security services market has been growing
rapidly, over the last couple of years, due to the increasing
security threats or risks and increasing challenges in managing
security over IT networks. It's impossible to ignore the fact that
small businesses face relentless cyberattacks, including malware,
ransomware, advanced threats, advanced persistent threats, and data
breaches, leading to remote and hybrid operations systems.
Download a detailed overview:
https://www.skyquestt.com/sample-request/managed-security-services-market
Managed Security Services Market Overview:
Report
Coverage
|
Details
|
Market Revenue in
2023
|
USD 31.18
billion
|
Estimated Value by
2031
|
USD 101.86
billion
|
Growth Rate
|
Poised to grow at a
CAGR of 15.95%
|
Forecast
Period
|
2024–2031
|
Forecast
Units
|
Value (USD
Billion)
|
Report
Coverage
|
Revenue Forecast,
Competitive Landscape, Growth Factors, and Trends
|
Segments
Covered
|
Service Type, Type,
Organization Size, Security, Type and Industry Vertical
|
Geographies
Covered
|
North America, Europe,
Asia Pacific, and the Rest of the world
|
Report
Highlights
|
Updated financial
information / product portfolio of players
|
Key Market
Opportunities
|
Surge in Demand for
Managed Detection and Response (MDR) Service
|
Key Market
Drivers
|
Cyber Threats are
Growing Complex
|
Segments covered in Managed Security Services
Market are as follows:
- Service Type
- Managed IAM, managed vulnerability management, managed risk and
compliance, managed detection and response, managed firewall, and
managed SIEM and log management, others
- Type
- Fully managed, co-managed
- Organization Size
- Small and medium-sized enterprises, Large enterprises
- Security Type
- Network security, cloud security, endpoint security,
application security, others
- Industry Vertical
- BFSI, government, healthcare & life sciences,
telecommunications, IT and ITeS, Retail and eCommerce, energy and
utilities, manufacturing, and other verticals
Request Free Customization of this report:
https://www.skyquestt.com/speak-with-analyst/managed-security-services-market
Rapid Responders: Incident Response Services
Managed detection and response are the large segment in the
managed security services market. Managed detection-response
services provide continuous improvement, threat detection, and
response capabilities critical to today's enterprises facing
sophisticated cyber threats. This segment is characterized by the
increasing prevalence and importance of cyberattacks advanced
threat detection and response strategies beyond traditional
security measures. The ability of the MDR service to provide
comprehensive analysis of security incidents and take corrective
action quickly is essential to minimize potential damage and ensure
business continuity.
Managed identity and access management is the fastest growing
segment in the market. The rising growth in this sector is driven
by the need for robust stakeholder solutions in an era of digital
transformation and remote collaboration. The rise of cyber threats
and increasing regulatory requirements for data security and
privacy and the main drivers of this segment.
Data Guardians: Data Protection Services
The global market recognizes the dominant position of the entire
service management segment. This dominance is largely due to the
scope of this role, in which companies assume full responsibility
for an organization's security programs from security providers,
especially those without in-house security expertise or resources.
These roles cover a wide range of security measures, including
threat identification, incident response, compliance management and
continuous monitoring. Adoption rates are also driven by the
increasing complexity of cyber threats, which require a strong,
24/7 monitored security measure that only specialized providers can
provide further strengthening its position as the largest market
share.
In addition to the dominance of fully managed services, the
advanced management segment is growing the fastest in the global
market. This increase is driven by hybrid security models that
offer a collaborative approach between internal IT teams and
external security providers.
View report summary and Table of Contents (TOC):
https://www.skyquestt.com/report/managed-security-services-market
Safeguarding Tomorrow's Digital Frontiers
As businesses and organizations take on the cyber panorama in
terms of severe, MSS vendors remain vigilant guards, the use of
advanced era and professional insights. Managed Security Services
(MSS) have emerged as the cornerstone of present-day cybersecurity
strategies, presenting strong protection in opposition to threats
in a more and more digital international.
Related Report:
Cyber Security Market
Network Security Market
Endpoint Security Market
Cloud Security Market
Application Security Market
About Us:
SkyQuest is an IP focused Research and Investment Bank and
Accelerator of Technology and assets. We provide access to
technologies, markets and finance across sectors viz. Life
Sciences, CleanTech, AgriTech, NanoTech and Information &
Communication Technology.
We work closely with innovators, inventors, innovation seekers,
entrepreneurs, companies and investors alike in leveraging external
sources of R&D. Moreover, we help them in optimizing the
economic potential of their intellectual assets. Our experiences
with innovation management and commercialization has expanded our
reach across North America,
Europe, ASEAN and Asia Pacific.
Contact:
Mr. Jagraj
Singh
Skyquest Technology
1 Apache Way,
Westford,
Massachusetts 01886
USA (+1) 351-333-4748
Email: sales@skyquestt.com
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SOURCE SkyQuest Technology