Managed Security Services Market

Managed Security Services Market Trends - Global Growth Predictions

The global Managed Security Services Market size is expected to grow from USD 30.6 billion in 2023 to USD 52.9 billion by 2028 at a Compound Annual Growth Rate (CAGR) of 11.5% during the forecast period.  The global managed security services market is experiencing a surge driven by a perfect storm of factors: escalating cybercrime and a shortage of skilled cybersecurity experts. Managed security services provide organizations access to a pool of experienced security experts without investing in building and maintaining their internal security team.

Emerging trends in the global Managed Security Services Market :

  • Shift towards Managed Detection and Response (MDR)
  • Cloud Security Services
  • Zero Trust Architecture (ZTA)
  • Threat Hunting Services
  • Integration of Artificial Intelligence (AI) and Machine Learning (ML)
  • Managed Identity and Access Management (IAM)
  • Endpoint Security Management
  • Regulatory Compliance Services
  • Integration with DevSecOps
  • Incident Response and Cyber Crisis Management
  • Managed Threat Intelligence
  • Enhanced User Awareness Training
  • Partnerships and Acquisitions

To know about the assumptions considered for the study download the pdf brochure

Shift towards Managed Detection and Response (MDR):

  • Organizations are increasingly adopting MDR services to detect and respond to advanced threats in real-time, leveraging advanced analytics and threat intelligence capabilities.

Cloud Security Services:

  • With the migration of workloads to the cloud, there's a growing demand for MSS providers to offer cloud security services, including cloud-native security monitoring, configuration management, and compliance enforcement.

Zero Trust Architecture (ZTA):

  • MSS providers are embracing Zero Trust principles, implementing strict access controls and continuous monitoring to mitigate insider threats and prevent lateral movement within networks.

Threat Hunting Services:

  • MSS providers are offering proactive threat hunting services to identify and neutralize threats that may evade traditional security controls, enhancing organizations' cyber resilience.

Integration of Artificial Intelligence (AI) and Machine Learning (ML):

  • AI and ML technologies are being integrated into MSS offerings to automate threat detection, improve incident response times, and enhance the accuracy of security analytics.

Managed Identity and Access Management (IAM):

  • MSS providers are expanding their offerings to include managed IAM services, helping organizations secure access to critical resources and enforce least privilege principles.

Endpoint Security Management:

  • As endpoints become increasingly targeted by cyber threats, MSS providers are offering comprehensive endpoint security management services, including endpoint detection and response (EDR) and patch management.

Regulatory Compliance Services:

  • MSS providers are assisting organizations in achieving and maintaining compliance with industry regulations and data protection laws through managed compliance services and security audits.

Integration with DevSecOps:

  • MSS providers are aligning with DevSecOps practices, integrating security into the software development lifecycle to identify and remediate vulnerabilities early in the process.

Incident Response and Cyber Crisis Management:

  • MSS providers are offering incident response and cyber crisis management services to help organizations effectively manage and recover from security incidents and data breaches.

Managed Threat Intelligence:

  • MSS providers are delivering threat intelligence services to provide organizations with actionable insights into emerging threats and adversary tactics, enhancing their ability to proactively defend against cyber attacks.

Enhanced User Awareness Training:

  • MSS providers are offering user awareness training programs to educate employees about cybersecurity best practices, reducing the risk of human error and insider threats.

Partnerships and Acquisitions:

  • MSS providers are forming strategic partnerships and acquiring niche cybersecurity firms to enhance their service offerings and capabilities, catering to the evolving needs of organizations in the MSS market.

Related Reports:

Managed Security Services Market by Service Type (Managed IAM, MDR, Managed SIEM, Log Management), Type (Fully Managed & Co-managed), Security Type (Network, Cloud, Endpoint, Application), Organization Size, Vertical, & Region - Global Forecast to 2028

Managed Security Services Market Size,  Share & Growth Report
Report Code
TC 2773
RI Published ON
4/6/2024
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