Managed Security Services Market: How SMEs are Adopting MSS for Enhanced Cyberse

o Managed Security Services Market to be Worth $75.1 Billion by 2030

Global XXX Market 2023 - 2030 In a recent report titled Managed Security Services Market by Service Type (Managed Detection and Response, Managed Identity and Access Management), Security Type (Cloud Security, Endpoint Security), Sector (BFSI, and Healthcare), and Geography - Global Forecast to 2030 , Meticulous Research forecasts robust growth in the managed security services market. The study projects the market will reach a valuation of $75.1 billion by 2030, expanding at a compound annual growth rate (CAGR) of 18% from 2024 to 2030. Request Sample PDF @ https://www.meticulousresearch.com/download-sample- report/cp_id=5545 Security Type Segmentation In 2024, the network security segment is poised to dominate the managed security services market. This dominance is driven by the increasing frequency of data breaches and security threats, heightened demand for network traffic filtering and monitoring, and the essential need to protect connected network infrastructure. Network security s extensive role in safeguarding organizational data and maintaining privacy underscores its significant market presence. Conversely, the cloud security segment is expected to experience the highest growth rate during the forecast period. The surge in cyberattacks, malware threats, and unauthorized access emphasizes the need for robust cloud-based security services. Additionally, the rising demand for advanced threat detection across various industries supports the rapid expansion of cloud security solutions. Organizational Size Segmentation The market is also divided by organizational size into large enterprises and small & medium-sized enterprises (SMEs). In 2024, large enterprises are expected to capture a significant share of the market. Their substantial IT infrastructure, proficient security management teams, and increased adoption of cutting-edge technologies like cloud computing, artificial intelligence, and machine learning contribute to their large market share. However, the SME segment is projected to grow at the fastest rate. Growing awareness of the importance of managed security services and the increasing adoption of cloud-based security solutions are key factors driving this rapid growth. SMEs are increasingly recognizing the value of comprehensive security measures to protect their operations. Sector Segmentation The managed security services market is also segmented by sector, including BFSI (Banking, Financial Services, and Insurance), retail, IT & telecommunications, government, healthcare, energy & utilities, manufacturing, and other sectors. The BFSI sector is anticipated to hold the largest market share in 2024. This is largely due to the sector's heightened vulnerability to fraudulent activities, its growing reliance on managed security services for financial processes, and the increased demand for fraud detection and enhanced customer experiences. The healthcare sector, however, is expected to exhibit the highest growth rate during the forecast period. The adoption of telemedicine, remote healthcare services, and the need to secure connected medical devices and sensitive health information are driving this growth. Page 1 of 2 Meticulous Research| sales@meticulousresearch.com

Global XXX Market 2023 - 2030 Geographic Segmentation Geographically, the managed security services market is divided into North America, Europe, Asia- Pacific, Latin America, and the Middle East & Africa. North America is forecasted to hold the largest market share in 2024. This is attributed to the presence of leading players offering advanced managed security services, as well as the growing adoption of these services in sectors like BFSI, retail, and IT & telecommunications. The region s robust technological infrastructure and high demand for data security further bolster its leading position. Asia-Pacific, on the other hand, is projected to grow at the fastest rate. The region s economic expansion, rising awareness of managed security services among SMEs, and the rapid growth of the retail and BFSI sectors, particularly in China, Japan, South Korea, and India, drive this accelerated growth. Key Players The managed security services market features several prominent players, including IBM Corporation, Secureworks, Inc., AT&T Inc., NTT Corporation, Trustwave Holdings, Inc., Atos SE, CrowdStrike Holdings, Inc., Lumen Technologies, F5, Inc., Fortinet, Inc., Kroll, LLC., CIPHER SECURITY LLC, Nettitude Limited, Ascend Technologies, LLC, and Avertium, LLC. These companies are at the forefront of providing advanced security solutions and shaping the future of the managed security services landscape. Contact Meticulous Email- sales@meticulousresearch.com Contact Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research Us: Research Sales- +1-646-781-8004 Page 2 of 2 Meticulous Research| sales@meticulousresearch.com