Leading Companies in Managed Security Services Industry - IBM (US) and AT&T (US)
The global MSS 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.
The major vendors covered in the MSS market include IBM (US), NTT (Japan), Accenture (Ireland), DXC Technology (US), Secureworks (US), Trustwave (US), Atos (France), Orange Cyberdefense (France), Fujitsu (Japan), AT&T (US), Verizon (US), Capgemini (France), HPE (US), Cisco (US), TCS (India), Kudelski Security (Switzerland), F5(US), Infosys (India), Lumen Technologies (US), Crowdstrike (US), Kroll (US), Nokia Networks (Finland), Trend Micro (Japan), Cipher Security (US), RSI Security (US), SecurityHQ (UAE), TrustNet (US), LightEdge (US), Nettitude (US), Teceze (US), CyFlare (US), Ascend Technologies (US), Avertium (US), DigitalXRAID (UK). These players have adopted various growth strategies, such as partnerships, business expansions, agreements, collaborations, and new product launches, to expand their presence in the managed security services market.
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IBM operates in the technology sector, focusing on creating and manufacturing advanced technologies, including software, networking systems, storage devices, and microelectronics. The company provides various services, including IT infrastructure, hosting, and consulting services across multiple domains, from mainframe computing to nanotechnology. IBM’s major business areas encompass Global Financing, Global Business Services (GBS), Global Technology Services, Systems, Cloud, and Cognitive Software. As of 2022, IBM has acquired 183+ companies. It specializes in comprehensive cybersecurity solutions and services tailored for diverse industries such as finance, healthcare, and government, with a global presence spanning multiple continents. IBM deals with 70 billion security events on a daily basis.
AT&T offers a variety of communication and IT services for businesses of all sizes. These services include voice, data, cloud, and security solutions. AT&T offers a wide range of managed security services, protecting businesses of all sizes with advanced network and endpoint security, threat detection, vulnerability management, and compliance monitoring.In North America, it faces competition from players such as Verizon and IBM, along with more specialist MSSPs.
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
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