Cyber Security Managed Services Market Growth and Trends: Key Insights into Market Opportunities for 2025-2034
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
Which Major Market Drivers Are Expected to Boost the Growth Potential of the Cyber Security Managed Services Market?
The growing prevalence of online security risks is anticipated to fuel the expansion of the cyber security managed services market further. These online security risks encompass an array of harmful activities that breach the security, integrity, and confidentiality of information and systems linked to the internet. The escalation of online security threats can be attributed to the proliferation of connected devices, the advent of cyber threats, cryptocurrencies and decentralized finance (DeFi), and vulnerabilities of software and systems. Cybersecurity-managed services are paramount in protecting organizations from the escalating number of online security threats by offering ongoing supervision, advanced threat recognition, swift incident reaction, and extensive security solutions. For instance, in April 2023, as per the Identity Theft Resource Center, a non-profit organization based in the US, there was a 68% surge in reported data breach incidents in 2022, with 1,862 breaches reported as opposed to 1,108 breaches in 2021. Hence, the escalating number of online security threats propels the cyber security managed services market.
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#What is the Anticipated CAGR of theCyber Security Managed Services Market, and What Factors Will Drive It?
In recent times, the market size for cyber security managed services has seen rapid expansion. There’s a projected growth from $15.27 billion in 2024, increasing to $17 billion in 2025 with an 11.3% compound annual growth rate (CAGR). This growth during the historic period is linked to the surge in cyber threats, the rise of digital transformation initiatives, and the demand for managed services related to security. Other contributing factors include the growing adoption of managed risk and compliance services coupled with a rise in the adoption of cloud computing.
In the near future, the market size of cyber security managed services is slated to experience a swift rise. The projection suggests that it will escalate to a valuation of $25.73 billion in 2029, with a compound annual growth rate (CAGR) of 10.9%. Enhancements in incident response and resilience, heightened attention to risk management and compliance, the expansion of managed security, the emphasis on the safeguarding of data and its privacy, along with the rising need for digital privacy systems are all contributing to this growth during the forecast period. Anticipated trends for this period include the adoption of zero trust security models, advanced technologies like improved threat detection technologies, and the adoption of artificial intelligence (AI) and machine learning (ML) in integrating systems along with the increase in partnerships.
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What Are the Key Market Innovations in theCyber Security Managed Services Market Over the Coming Years?
Big players in the cyber security managed services market are focusing on creating novel technologies like comprehensive digital protection, to improve their market offerings and expand their customer base. Comprehensive digital protection is an all-inclusive method of securing an organization’s digital assets, involving a series of security protocols, practices and technologies. For example, Astreya, an IT solutions company based in the US, launched its Cybersecurity Managed Services in February 2024. Astreya’s managed cyber security services provide an all-inclusive suite of solutions such as identity management, endpoint protection and risk management. These services are designed to integrate flawlessly with existing infrastructures, offering powerful security layers and proactive defense mechanisms. The new service combines state-of-the-art technologies with expert-led strategies to provide robust protection from various cyber threats.
Who Are the Top Companies Driving Innovation and Growth in theCyber Security Managed Services Market?
Major companies operating in the cyber security managed services market are Microsoft Corporation, Verizon Communications Inc., AT&T Inc., Dell Technologies Inc., Hitachi Ltd., Accenture plc, International Business Machines Corporation, Cisco Systems Inc., Oracle Corporation, Honeywell International Inc., Symantec Corporation (Broadcom Inc), Fujitsu Limited, Hewlett Packard Enterprise Development LP, Tata Consultancy Services Limited, Toshiba Corporation, Capgemini SE, Lumen Technologies Inc., DXC Technology Company, BDO Global, Atos SE, Wipro Limited, Palo Alto Networks Inc., Fortinet Inc., Optiv Security Inc., Check Point Software Technologies Ltd., McAfee LLC, Trend Micro Inc., CrowdStrike Inc., Rapid7 Inc., Secureworks Inc., Trustwave Holdings Inc.
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Which Key Market Segments Comprise the Cyber Security Managed Services Market and Drive Its Revenue Growth?
The cyber security managed services market covered in this report is segmented –
1) By Service: Managed Detection And Response (MDR), Incident Management, Managed Vulnerability, Identity And Access Solution, Other Services
2) By Security Type: Network Security, Endpoint Security, Application Security, Other Security Types
3) By Enterprise Type: Small And Medium Size Enterprise, Large Enterprise
4) By Industry: Banking, Financial Services And Insurance (BFSI), Information Technology (IT) And Telecommunications, Retail, Healthcare, Government, Manufacturing, Travel And Transportation, Energy And Utilities, Other Industries
Subsegments:
1) By Managed Detection and Response (MDR): Threat Monitoring, Threat Hunting, Incident Response
2) By Incident Management: Incident Detection, Incident Remediation, Incident Recovery
3) By Managed Vulnerability: Vulnerability Scanning, Vulnerability Assessment, Patch Management
4) By Identity and Access Solution: Identity Management, Access Control Management, Authentication Services
5) By Other Services: Security Information and Event Management (SIEM), Cloud Security, Endpoint Protection
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Which Regions Are Emerging as Leaders in the Cyber Security Managed Services Market?
North America was the largest region in the cyber security managed services market in 2024. The regions covered in the cyber security managed services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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