Managed Security Services (MSS) Market to Grow by USD 33.863 Billion (2024-2028), Vendor Strategies Boost Growth, AI-Powered Market Evolution Report - Technavio

The managed security services (MSS) market is projected to grow by USD 33.86 billion at a CAGR of 13.87% between 2023 and 2028. The increasing demand for MSS providers is driven by the adoption of cloud-based security solutions, the rise of Industry 4.0, and high-performance computing (HPC). Businesses are turning to MSS technology trends like predictive analytics, artificial intelligence (AI), and machine learning (ML) to enhance threat detection and cybersecurity capabilities. Compliance with evolving MSS compliance solutions is also fueling market demand. However, MSS pricing models remain a key consideration, especially for MSS for SMBs, as these organizations seek cost-effective cybersecurity solutions. The market is also witnessing a shift in preference between MSS vs in-house security, with enterprises opting for managed solutions to mitigate cyber risks. As the future of MSS evolves, companies are focusing on MSS best practices such as real-time threat intelligence, managed SIEM services, and cloud-based security management to strengthen cybersecurity infrastructure.Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View Free Sample PDF

Market Segmentation

By End-user

• SMEs
• Large enterprises

By Deployment

• Cloud-based
• On-premises

Regional Market Trends

North America

• US

• Canada

Europe

• Germany

APAC

• China

• Japan

South America

Middle East and Africa

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Market Dynamics

Key Drivers

• Rise in adoption of cloud-based services: With businesses increasingly dependent on cloud computing, MSS adoption is accelerating to secure remote workforces, identity and access management systems, web services, and VPNs. Companies require managed firewall, endpoint security, intrusion prevention systems (IPS), and DDoS protection to safeguard their networks.

Market Trends

• Predictive analytics in managed security services: The integration of AI, ML, and statistical algorithms enables enterprises to proactively detect cyber threats such as ransomware, DDoS attacks, and data breaches. Industries like healthcare, manufacturing, telecom, and IT are leveraging these technologies to enhance cybersecurity.

Market Challenges

• Risk of failure during MSS implementation: Implementation challenges, including project management, compliance, vulnerability monitoring, and event management, may lead enterprises to reconsider in-house security options. The increasing complexity of cybersecurity solutions necessitates careful planning and execution by MSS providers.

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Key Players

• Accenture Plc
• AT&T Inc.
• Atos SE
• Capgemini Service SAS
• CrowdStrike Holdings Inc.
• Dell Technologies Inc.
• DXC Technology Co.
• F5 Inc.
• Fortra LLC
• Furukawa Electric Co. Ltd.
• Infosys Ltd.
• International Business Machines Corp. (IBM)
• Kroll LLC
• Kudelski SA
• Kyndryl Inc.
• Lumen Technologies Inc.
• Nippon Telegraph And Telephone Corp.
• Orange Cyberdefense SA
• ProSOC Inc.
• Singapore Telecommunications Ltd.

Future Insights

The managed security services market is set for continued growth as enterprises invest in cloud-based security, artificial intelligence, predictive analytics, and compliance solutions to combat evolving cyber threats. The demand for scalable and cost-effective MSS solutions will drive further innovation in network security, endpoint protection, and SIEM services across industries.