The North America Managed Security Services Market is expected to witness market growth of 14.5% CAGR during the forecast period (2024-2031).
The US market dominated the North America Managed Security Services Market by Country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $20.01 billion by 2031. The Canada market is experiencing a CAGR of 17% during 2024-2031. Additionally, the Mexico market would exhibit a CAGR of 16% during 2024-2031.
This market refers to the industry that provides outsourced monitoring and management of security systems and devices. Managed security service providers (MSSPs) deliver various cybersecurity services designed to protect organizations from various threats and ensure their IT infrastructure is secure and compliant with relevant regulations.
These services encompass various applications designed to safeguard organizations from cyber threats. MSS providers utilize advanced tools and technologies to monitor networks for suspicious activities and respond promptly to incidents. This includes employing Security Information and Event Management (SIEM) systems, intrusion detection systems (IDS), and threat intelligence platforms to identify potential threats in real time.
As e-commerce continues to expand, the need for enhanced security measures becomes paramount. The rising volume of online transactions and customer data increases the risk of cyber threats, breaches, and fraud. This scenario presents a unique challenge for e-commerce businesses, prompting a greater reliance on MSS. By leveraging MSS, companies can access specialized security expertise, advanced technologies, and proactive monitoring to protect their digital assets and maintain consumer trust. This rapid growth in telecommunications directly impacts the managed security services market in Mexico.
As more businesses and consumers rely on digital communications and online services, the demand for robust security solutions becomes increasingly critical. With the proliferation of mobile devices and internet connectivity, companies face heightened cyber threats and data breach risks. Thus, the rising e-commerce sector and expansion of the telecom industry are driving the market’s growth.
The US market dominated the North America Managed Security Services Market by Country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $20.01 billion by 2031. The Canada market is experiencing a CAGR of 17% during 2024-2031. Additionally, the Mexico market would exhibit a CAGR of 16% during 2024-2031.
This market refers to the industry that provides outsourced monitoring and management of security systems and devices. Managed security service providers (MSSPs) deliver various cybersecurity services designed to protect organizations from various threats and ensure their IT infrastructure is secure and compliant with relevant regulations.
These services encompass various applications designed to safeguard organizations from cyber threats. MSS providers utilize advanced tools and technologies to monitor networks for suspicious activities and respond promptly to incidents. This includes employing Security Information and Event Management (SIEM) systems, intrusion detection systems (IDS), and threat intelligence platforms to identify potential threats in real time.
As e-commerce continues to expand, the need for enhanced security measures becomes paramount. The rising volume of online transactions and customer data increases the risk of cyber threats, breaches, and fraud. This scenario presents a unique challenge for e-commerce businesses, prompting a greater reliance on MSS. By leveraging MSS, companies can access specialized security expertise, advanced technologies, and proactive monitoring to protect their digital assets and maintain consumer trust. This rapid growth in telecommunications directly impacts the managed security services market in Mexico.
As more businesses and consumers rely on digital communications and online services, the demand for robust security solutions becomes increasingly critical. With the proliferation of mobile devices and internet connectivity, companies face heightened cyber threats and data breach risks. Thus, the rising e-commerce sector and expansion of the telecom industry are driving the market’s growth.
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.
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
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. North America Managed Security Services Market by Enterprise Size
Chapter 6. North America Managed Security Services Market by Services
Chapter 7. North America Managed Security Services Market by Security
Chapter 8. North America Managed Security Services Market by Vertical
Chapter 9. North America Managed Security Services Market by Country
Chapter 10. Company Profiles
Companies Mentioned
- 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.
Methodology
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