The global managed security services market size reached approximately USD 31.67 Billion in 2024. The market is projected to grow at a CAGR of 13.50% between 2025 and 2034, reaching a value of around USD 112.36 Billion by 2034. This rapid growth reflects the urgent need for advanced cybersecurity solutions as businesses face increasingly complex threats in the digital age. With the rise of cloud computing, digital transformation, and a growing reliance on remote workforces, managed security services (MSS) have become indispensable for organizations worldwide.
Managed security services refer to outsourced monitoring and management of security systems, devices, and infrastructure. Instead of building costly in-house security operations centers (SOCs), many enterprises now partner with specialized providers who deliver 24/7 protection, threat detection, and response capabilities. These services range from firewall management, intrusion detection, and vulnerability scanning to more advanced offerings like threat intelligence, incident response, and compliance management.
As cyberattacks grow in frequency and sophistication, organizations across sectors are finding it increasingly challenging to safeguard sensitive data and ensure regulatory compliance on their own. MSS providers fill this gap by offering expertise, technology, and continuous monitoring, allowing companies to focus on their core business activities while maintaining strong defenses.
Several factors are propelling the growth of the managed security services market:
Rising Cybersecurity Threats
The volume of cyberattacks, including ransomware, phishing, and advanced persistent threats (APTs), continues to rise. Attackers are targeting critical infrastructure, financial institutions, healthcare systems, and government networks, driving demand for outsourced protection.
Increasing Digital Transformation
As businesses adopt cloud computing, IoT devices, and AI-driven systems, the attack surface expands significantly. Managed security services help organizations secure these complex and interconnected ecosystems.
Remote and Hybrid Work Models
The shift toward hybrid work environments has created new vulnerabilities in endpoints and networks. MSS providers help organizations safeguard remote devices, implement secure VPNs, and detect suspicious activities across distributed workforces.
Regulatory Compliance Requirements
Stringent regulations like GDPR, HIPAA, and PCI DSS demand strict data protection measures. MSS providers help companies stay compliant by monitoring systems and generating audit-ready reports.
Shortage of Skilled Cybersecurity Professionals
The global shortage of cybersecurity experts makes it difficult for organizations to maintain in-house security teams. MSS providers address this talent gap by offering specialized expertise at scale.
The managed security services market can be segmented by service type, deployment model, organization size, and industry vertical:
By Service Type:
Managed firewall
Intrusion detection and prevention
Security information and event management (SIEM)
Endpoint security
Identity and access management (IAM)
Threat intelligence and risk management
By Deployment Model:
On-premise MSS
Cloud-based MSS (increasingly popular due to scalability and cost-effectiveness)
By Organization Size:
Small and medium-sized enterprises (SMEs)
Large enterprises
By Industry Vertical:
Banking, financial services, and insurance (BFSI)
Healthcare
Government and defense
IT and telecommunications
Retail and e-commerce
Manufacturing and energy
The adoption of managed security services is expanding across all major regions, though certain markets are growing more rapidly:
North America dominates the global MSS market due to the presence of leading cybersecurity vendors, high digital adoption, and frequent targeted cyberattacks.
Europe is experiencing strong growth, particularly in countries like Germany, the UK, and France, where compliance requirements are stringent.
Asia-Pacific is projected to be the fastest-growing region, fueled by rapid digitalization in economies such as China, India, and Japan, as well as rising cybercrime activities.
Latin America and Middle East & Africa are also emerging markets, with growing investments in digital infrastructure and rising awareness of cybersecurity risks.
Several trends are shaping the future of the managed security services market:
AI and Machine Learning Integration
MSS providers are increasingly leveraging AI/ML to detect anomalies, predict potential attacks, and automate responses for faster remediation.
Zero Trust Security Adoption
Organizations are moving toward zero trust frameworks, requiring MSS providers to continuously verify identities and monitor network activities.
Cloud-Native Security Services
As enterprises migrate to cloud environments, MSS vendors are offering cloud-native solutions to protect workloads, applications, and storage systems.
Growing Demand for MDR (Managed Detection and Response)
Traditional MSS is evolving toward MDR, which combines monitoring with rapid incident response, giving organizations a more proactive defense.
Vertical-Specific Solutions
MSS vendors are developing customized solutions tailored to specific industries like healthcare (HIPAA compliance) and finance (anti-fraud systems).
The managed security services market is highly competitive, with both global giants and specialized firms offering diverse solutions. Key players include:
IBM Security
AT&T Cybersecurity
Verizon
Secureworks
BT Group
NTT Security
Orange Cyberdefense
Check Point Software Technologies
These companies focus on expanding their portfolios through strategic acquisitions, partnerships, and investments in advanced technologies like AI and automation.
Looking ahead, the managed security services market is set to grow exponentially as businesses prioritize cybersecurity resilience. With threats becoming more sophisticated and compliance requirements tightening, MSS providers will continue to evolve into strategic partners rather than just outsourced service vendors.
By 2034, the market’s expected value of USD 112.36 billion highlights the central role MSS will play in shaping secure digital ecosystems. Companies that adopt managed security services early will not only protect themselves against cyber risks but also gain a competitive advantage by fostering customer trust and ensuring operational continuity.