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Managed Security Services Market worth $52.9 billion by 2028 - Exclusive Report by MarketsandMarkets™Increased demand for cloud-based solutions, the adoption of Zero Trust architecture, the integration of AI and ML technologies, and an emphasis on industry-specific solutions, SMEs, and regulatory compliance are expected to characterize the Managed Security Services Market in the future. Furthermore, driving market expansion and change will be the convergence of IT operations and security, the introduction of MDR services, and the security of IoT and OT environments. CHICAGO, Feb. 14, 2024 /PRNewswire/ -- 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, according to a new report by MarketsandMarkets™. The escalation of cyberattacks and sophisticated breaches across enterprises are driving organizations to seek expert help in navigating the complex and ever-evolving threat landscape. Also, the stringent government regulations are demanding robust data security further driving the global Managed Security Services Market.
Browse in-depth TOC on "Managed Security Services Market" 401 - Tables Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=5918403 Scope of the Report
The type fully managed segment is expected to grow at the highest CAGR during the forecast period. The fully managed segment is expected to see continued growth in the coming years as organizations seeking complete control and minimal involvement in security operations opt for fully managed MSS. This provides hands-off security with minimal resource allocation from the in-house team. Organizations can align their resources and efforts with strategic initiatives rather than dedicating significant resources to security operations. Request Sample Pages@ https://www.marketsandmarkets.com/requestsampleNew.asp?id=5918403 The SMES segment is expected to grow at the highest CAGR during the forecast period. SMEs often lack the in-house cybersecurity expertise to manage and protect their digital assets effectively. MSS provides access to skilled professionals who can address their security needs without requiring internal expertise in a myriad of applications, services, and content for businesses and consumers. Middle East& Africa is likely to emerge as the fastest-growing segment during the forecast period. The Middle East & Africa Managed Security Services Market anticipates sustained explosive growth, driven by government policies, cloud adoption, the talent gap, and a growing focus on digitalization, with businesses across the region increasingly relying on MSS partners to navigate the complex cyber landscape and safeguard their valuable assets. Top Key Companies in Managed Security Services Market: The major vendors covered in the MSS market are 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). Recent Developments:
Inquire Before Buying@ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=5918403 Managed Security Services Market Advantages:
Report Objectives
Browse Adjacent Market: Information Security Market Research Reports & Consulting Browse Other Reports: Middle East Cyber Security Market- Global Forecast to 2028 Phishing Protection Market- Global Forecast to 2028 Digital Signature Market- Global Forecast to 2028 Edge Security Market- Global Forecast to 2027 Log Management Market- Global Forecast to 2026 About MarketsandMarkets™ MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes. The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry. To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook. Contact: Logo: https://mma.prnewswire.com/media/2297424/MarketsandMarkets_Logo.jpg
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