Managed Security Services Market Report 2025

This Managed Security Services market report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

The managed security services market size has grown rapidly in recent years. It will grow from $33.86 billion in 2024 to $38.77 billion in 2025 at a compound annual growth rate (CAGR) of 14.5%. The growth in the historic period can be attributed to focus on identity and access management, cost-effective security solutions, regulatory compliance requirements, endpoint security management, increased focus on insider threats.

The managed security services market size is expected to see rapid growth in the next few years. It will grow to $71.29 billion in 2029 at a compound annual growth rate (CAGR) of 16.4%. The growth in the forecast period can be attributed to regulatory evolution, expansion of managed detection and response, critical infrastructure protection. Major trends in the forecast period include cloud security and hybrid environments, blockchain for enhanced security, privacy-preserving technologies, collaboration with industry vertical experts, advanced threat intelligence sharing, automated incident response.

The increasing frequency of security breaches is expected to drive growth in the managed security services market in the future. A security breach refers to any incident that leads to unauthorized access to computer data, applications, networks, or devices. Managed security services are responsible for monitoring and managing security systems and devices, so the rise in security breaches will heighten the demand for these services. For example, in January 2024, the Identity Theft Resource Center (ITRC), a US-based non-profit organization, reported that the total number of data breaches, exposures, leaks, and unspecified incidents reached 3,205, affecting approximately 353,027,892 victims, including individuals impacted by multiple compromises. Consequently, the increase in security breaches is contributing to a growing demand for managed security services in the market.

The expansion of the managed security services market is anticipated to be fueled by the rising incidence of cybercrime activities. Cybercrime encompasses unlawful acts conducted through computer systems, networks, or digital devices as primary means for illicit activities. Managed security services are crucial in assisting businesses to reduce their vulnerability to cyber threats through offerings such as system monitoring, penetration testing, security compliance audits, and intrusion detection. For example, a report from Check Point, an Israel-based software security provider, revealed a 38% increase in global cyberattacks in 2022 compared to 2021. Therefore, the rise in cybercrime activities is a significant factor driving the growth of managed security services.

Strategic collaborations have become a prominent trend in the managed security services market. Major companies in this sector are forming new partnership agreements to bolster their market position. For example, in October 2024, Ooredoo, a Qatar-based telecommunications operator and ICT provider, partnered with Tech Mahindra, an India-based global leader in technology consulting and digital solutions, to enhance the Managed Security Services (MSS) offered to their B2B customers. This collaboration is a strategic move aimed at addressing pressing needs across the IMEA markets. By combining their efforts, both companies focus on leveraging global expertise to meet customers' security requirements and establish a new benchmark for security services in the region.

To maintain their competitive position, major companies in the managed security services sector are actively introducing innovative products. Managed security services (MSS) involve cybersecurity services delivered by third-party vendors to monitor, manage, and respond to security threats on behalf of organizations. For instance, in August 2023, Schneider Electric, a France-based company specializing in digital automation and energy management, launched managed security services tailored for operational environments. This product addresses the growing cyber threats in digital and operational contexts, helping clients implement robust cybersecurity processes and proactively manage risks.

In November 2023, SonicWall, a US-based cybersecurity company, acquired Solutions Granted, Inc. for an undisclosed sum. This acquisition strengthens SonicWall's commitment to its valued partners and broadens its portfolio to encompass U.S.-based Security Operations Center services (SOCaaS), Managed Detection and Response (MDR), and various other managed services specifically designed for Managed Service Providers (MSPs) and Managed Security Service Providers (MSSPs). Solutions Granted, Inc. is a US-based managed security service provider (MSSP) that offers top-tier cybersecurity solutions to numerous MSPs.

Major companies operating in the managed security services market include International Business Machines Corporation, Cisco Systems Inc., Nippon Telegraph and Telephone Corporation, Secureworks Inc., BT Managed Security Solutions, Check Point Software Technologies Ltd., Wipro Limited, Accenture plc, DXC Technology Company, Lumen Tech Inc., BAE Systems plc, Nuspire, Fujitsu Limited, HCL Technologies Limited, Trustwave Holdings Inc., Fortinet Inc., Verizon Communications Inc., Tata Consultancy Services Limited, Capgemini SE, Deloitte Touche Tohmatsu Limited, Infosys Limited, Orange S. A., Foresite MSP LLC, Herjavec Group, NTT Europe Ltd., Armor Defense Inc.

North America was the largest region in the managed security services market in 2024. The regions covered in the managed security services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the managed security services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.

Managed security services involve proactive security measures provided by third-party vendors, tailored to the specific security needs and evolving threat landscape of an organization.

The main types of managed security services encompass network security, terminal security, application security, and cloud security. Network security involves policies, processes, and practices to prevent, detect, and monitor unauthorized access, misuse, modification, or denial of a computer network and its accessibility. These services can be deployed on-premise or in the cloud, catering to organizations of various sizes, including large enterprises and small and medium-sized enterprises (SMEs). Managed security services find applications in intrusion detection and prevention, threat prevention, distributed denial of services, firewall management, end-point security, and risk assessment across industries such as BFSI, government and defense, retail, manufacturing, healthcare and life sciences, IT and telecom, and other sectors.

The managed security services market research report is one of a series of new reports that provides managed security services market statistics, including managed security services industry global market size, regional shares, competitors with a managed security services market share, detailed managed security services market segments, market trends and opportunities, and any further data you may need to thrive in the managed security services industry. This managed security services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The managed security services market includes revenues earned by entities by providing security services such as managing firewalls, monitoring and handling of interference detection systems, intrusion detection, scanning, and anti-virus services, The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

This product will be delivered within 3-5 business days.