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PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1734884

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PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1734884

Cyber Security Managed Services Market Forecasts to 2032 - Global Analysis By Service, Security Type, Deployment Mode, Enterprise Type, End User and By Geography

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According to Stratistics MRC, the Global Cyber Security Managed Services Market is accounted for $20.39 billion in 2025 and is expected to reach $50.42 billion by 2032 growing at a CAGR of 13.8% during the forecast period. Cyber Security Managed Services are contracted solutions offered by specialized outside vendors to keep an eye on, control, and enhance a company's security setup. These services usually consist of vulnerability assessments, firewall and antivirus management, threat detection and response, compliance assistance, and security incident management. Without the high expenses of maintaining in-house teams, businesses can benefit from managed services' round-the-clock protection from cyber threats, access to knowledgeable security specialists, and cutting-edge tools. Moreover, for companies looking to improve their cyber resilience while concentrating on core functions, this strategy is extremely beneficial.

According to the Data Security Council of India (DSCI), India has over 400 cyber security companies, many of which emphasize managed security services and system integration. This reflects India's growing prominence in the global cyber security landscape.

Market Dynamics:

Driver:

Growing intricacy of cyber threats

Businesses find it difficult to stay up with the latest threats as cyber attacks become more complex, ranging from ransom ware and advanced persistent threats (APTs) to zero-day vulnerabilities. Many organizations lack the in-house advanced threat detection technologies, analytics, and expertise that managed security service providers (MSSPs) bring. Additionally, one of the main reasons businesses are switching to managed services is the capacity to proactively monitor and address such threats around the clock.

Restraint:

Concerns regarding data control and privacy

The reluctance of organizations to allow third-party vendors to handle sensitive data is one of the biggest obstacles. Access to vital IT systems, infrastructure, and private data is frequently necessary for managed service providers to deliver efficient security services. This raises questions regarding possible data leaks, misuse, and illegal access. Financial, healthcare, and defense sectors are particularly wary because of stringent data protection laws. Furthermore, the advantages of outsourcing are outweighed by the perceived risk of data exposure for certain businesses.

Opportunity:

Growth of cloud-based managed security services

Security services that are natively integrated with cloud environments are becoming more and more in demand as cloud adoption accelerates across industries. MSSPs can benefit from this change by providing specialized cloud security solutions, such as identity management, cloud workload protection, and cloud access security brokers (CASBs). Moreover, there will be substantial growth opportunities for MSSPs that provide smooth cloud integration, visibility, and compliance support as enterprises transition to hybrid and multi-cloud technologies.

Threat:

Growing market saturation and competition

There are many service providers fighting for market share in the crowded cyber security managed services sector. Competition is increasing as a result of big players, smaller niche suppliers, and even tech giants providing cloud security services. Price wars may ensue, which would lower MSSPs' profit margins. Furthermore, as the market becomes oversaturated with comparable offerings, the growth of service providers may make it more difficult for companies to choose the most trustworthy and appropriate partners.

Covid-19 Impact:

The COVID-19 pandemic had a major effect on the market for managed services for cyber security because it sped up the adoption of cloud-based solutions and remote work, which increased the attack surface for cybercriminals. Moreover, the need for strong cyber security services increased as companies adopted remote and hybrid work models, which in turn increased demand for managed security solutions. But the pandemic also exposed weaknesses in many organizations' current security architectures, which led to a greater dependence on MSSPs for incident response, threat detection, and ongoing monitoring.

The managed detection and response (MDR) segment is expected to be the largest during the forecast period

The managed detection and response (MDR) segment is expected to account for the largest market share during the forecast period. Continuous monitoring, threat detection, and incident response are all provided by MDR services, giving businesses the cutting-edge tools they need to identify and stop cyber security threats instantly. Businesses need proactive security measures as cyber attacks get more complex, and MDR successfully meets these needs by utilizing automated tools, machine learning, and skilled analysts to react swiftly to incidents. Additionally, the demand for MDR services has increased due to the increasing frequency of cyber threats and the requirement for round-the-clock security monitoring, making it an essential part of businesses' cyber security plans.

The endpoint security segment is expected to have the highest CAGR during the forecast period

Over the forecast period, the endpoint security segment is predicted to witness the highest growth rate. Mobile devices, IoT endpoints, and remote work are all growing in popularity, leaving organizations with more entry points that are susceptible to cyber attacks. By offering automated response, threat detection, and ongoing monitoring for all connected devices, managed endpoint security services mitigate these risks. Advanced, managed protection is in high demand due to the increase in ransom ware, phishing, and zero-day attacks that target endpoints specifically. Furthermore, companies are looking for solutions that guarantee security outside of the conventional network perimeter.

Region with largest share:

During the forecast period, the North America region is expected to hold the largest market share, driven by the prevalence of cyber threats, the existence of large technology companies, and sophisticated digital infrastructure. Because of the early adoption of cloud computing, IoT, and remote work models in the region, the attack surface has grown, necessitating significant investments in managed security solutions from organizations. Moreover, the U.S. and Canadian governments and healthcare and financial sectors place a high priority on cyber security, which propels market expansion.

Region with highest CAGR:

Over the forecast period, the Asia Pacific region is anticipated to exhibit the highest CAGR, driven by rising internet usage, quickening digital transformation, and escalating cyber threats in emerging economies. Cloud adoption, e-commerce, and mobile connectivity are on the rise in nations like China, India, Japan, and South Korea, which has greatly increased the digital attack surface. Additionally, businesses are turning to managed services as a result of growing needs for scalable, affordable cyber security solutions, changing regulatory frameworks, and increased awareness of data protection.

Key players in the market

Some of the key players in Cyber Security Managed Services Market include Atos SE, IBM Corporation, HCL Technologies, Secureworks, Inc., Tata Consultancy Services Limited, Microsoft, Check Point Software Technologies Ltd., Palo Alto Networks, Symantec (Broadcom), Trustwave Holdings, Inc., Wipro, Cisco, SentinelOne Inc and Fortinet Inc.

Key Developments:

In March 2025, Tata Consultancy Services (TCS), India's largest IT services company, is acquiring 100 per cent equity share of Darshita Southern India Happy Homes for Rs 2,250 crore. The acquisition is focused on acquiring the land and building of Darshita to expand TCS's delivery centre.

In December 2024, Atos announces that it has signed with Unisys an agreement to resolve the lawsuit filed by Unisys against Atos and two Atos employees in the U.S. District Court for the Eastern District of Pennsylvania. The terms of the settlement are confidential. The settlement will have only a limited impact on Atos' net debt and leverage with respect to its projections for Q4 2024 and for 2025.

In July 2024, IBM announced that it has secured a five-year contract with $26 million in initial funding from the U.S. Agency for International Development (USAID) to support its Cybersecurity Protection and Response (CPR) program aimed to expand and enhance the agency's cybersecurity response support for host governments in the Europe and Eurasia (E&E) region.

Services Covered:

  • Managed Detection and Response (MDR)
  • Incident Management
  • Managed Vulnerability
  • Identity and Access Solution
  • Other Services

Security Types Covered:

  • Network Security
  • Endpoint Security
  • Application Security
  • Other Security Types

Deployment Modes Covered:

  • On-premise
  • Cloud

Enterprise Types Covered:

  • Small & Medium Size Enterprise
  • Large Enterprise

End Users Covered:

  • Banking, Financial Services and Insurance (BFSI)
  • IT & Telecom
  • Retail
  • Healthcare
  • Government
  • Manufacturing
  • Travel & Transportation
  • Energy and Utilities
  • Other End Users

Regions Covered:

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • Italy
    • France
    • Spain
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
    • New Zealand
    • South Korea
    • Rest of Asia Pacific
  • South America
    • Argentina
    • Brazil
    • Chile
    • Rest of South America
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Qatar
    • South Africa
    • Rest of Middle East & Africa

What our report offers:

  • Market share assessments for the regional and country-level segments
  • Strategic recommendations for the new entrants
  • Covers Market data for the years 2024, 2025, 2026, 2028, and 2032
  • Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping mapping the key common trends
  • Company profiling with detailed strategies, financials, and recent developments
  • Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

  • Company Profiling
    • Comprehensive profiling of additional market players (up to 3)
    • SWOT Analysis of key players (up to 3)
  • Regional Segmentation
    • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
  • Competitive Benchmarking
    • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Product Code: SMRC29521

Table of Contents

1 Executive Summary

2 Preface

  • 2.1 Abstract
  • 2.2 Stake Holders
  • 2.3 Research Scope
  • 2.4 Research Methodology
    • 2.4.1 Data Mining
    • 2.4.2 Data Analysis
    • 2.4.3 Data Validation
    • 2.4.4 Research Approach
  • 2.5 Research Sources
    • 2.5.1 Primary Research Sources
    • 2.5.2 Secondary Research Sources
    • 2.5.3 Assumptions

3 Market Trend Analysis

  • 3.1 Introduction
  • 3.2 Drivers
  • 3.3 Restraints
  • 3.4 Opportunities
  • 3.5 Threats
  • 3.6 End User Analysis
  • 3.7 Emerging Markets
  • 3.8 Impact of Covid-19

4 Porters Five Force Analysis

  • 4.1 Bargaining power of suppliers
  • 4.2 Bargaining power of buyers
  • 4.3 Threat of substitutes
  • 4.4 Threat of new entrants
  • 4.5 Competitive rivalry

5 Global Cyber Security Managed Services Market, By Service

  • 5.1 Introduction
  • 5.2 Managed Detection and Response (MDR)
  • 5.3 Incident Management
  • 5.4 Managed Vulnerability
  • 5.5 Identity and Access Solution
  • 5.6 Other Services

6 Global Cyber Security Managed Services Market, By Security Type

  • 6.1 Introduction
  • 6.2 Network Security
  • 6.3 Endpoint Security
  • 6.4 Application Security
  • 6.5 Other Security Types

7 Global Cyber Security Managed Services Market, By Deployment Mode

  • 7.1 Introduction
  • 7.2 On-premise
  • 7.3 Cloud

8 Global Cyber Security Managed Services Market, By Enterprise Type

  • 8.1 Introduction
  • 8.2 Small & Medium Size Enterprise
  • 8.3 Large Enterprise

9 Global Cyber Security Managed Services Market, By End User

  • 9.1 Introduction
  • 9.2 Banking, Financial Services and Insurance (BFSI)
  • 9.3 IT & Telecom
  • 9.4 Retail
  • 9.5 Healthcare
  • 9.6 Government
  • 9.7 Manufacturing
  • 9.8 Travel & Transportation
  • 9.9 Energy and Utilities
  • 9.10 Other End Users

10 Global Cyber Security Managed Services Market, By Geography

  • 10.1 Introduction
  • 10.2 North America
    • 10.2.1 US
    • 10.2.2 Canada
    • 10.2.3 Mexico
  • 10.3 Europe
    • 10.3.1 Germany
    • 10.3.2 UK
    • 10.3.3 Italy
    • 10.3.4 France
    • 10.3.5 Spain
    • 10.3.6 Rest of Europe
  • 10.4 Asia Pacific
    • 10.4.1 Japan
    • 10.4.2 China
    • 10.4.3 India
    • 10.4.4 Australia
    • 10.4.5 New Zealand
    • 10.4.6 South Korea
    • 10.4.7 Rest of Asia Pacific
  • 10.5 South America
    • 10.5.1 Argentina
    • 10.5.2 Brazil
    • 10.5.3 Chile
    • 10.5.4 Rest of South America
  • 10.6 Middle East & Africa
    • 10.6.1 Saudi Arabia
    • 10.6.2 UAE
    • 10.6.3 Qatar
    • 10.6.4 South Africa
    • 10.6.5 Rest of Middle East & Africa

11 Key Developments

  • 11.1 Agreements, Partnerships, Collaborations and Joint Ventures
  • 11.2 Acquisitions & Mergers
  • 11.3 New Product Launch
  • 11.4 Expansions
  • 11.5 Other Key Strategies

12 Company Profiling

  • 12.1 Atos SE
  • 12.2 IBM Corporation
  • 12.3 HCL Technologies
  • 12.4 Secureworks, Inc.
  • 12.5 Tata Consultancy Services Limited
  • 12.6 Microsoft
  • 12.7 Check Point Software Technologies Ltd.
  • 12.8 Palo Alto Networks
  • 12.9 Symantec (Broadcom)
  • 12.10 Trustwave Holdings, Inc.
  • 12.11 Wipro
  • 12.12 Cisco
  • 12.13 SentinelOne Inc
  • 12.14 Fortinet Inc
Product Code: SMRC29521

List of Tables

  • Table 1 Global Cyber Security Managed Services Market Outlook, By Region (2024-2032) ($MN)
  • Table 2 Global Cyber Security Managed Services Market Outlook, By Service (2024-2032) ($MN)
  • Table 3 Global Cyber Security Managed Services Market Outlook, By Managed Detection and Response (MDR) (2024-2032) ($MN)
  • Table 4 Global Cyber Security Managed Services Market Outlook, By Incident Management (2024-2032) ($MN)
  • Table 5 Global Cyber Security Managed Services Market Outlook, By Managed Vulnerability (2024-2032) ($MN)
  • Table 6 Global Cyber Security Managed Services Market Outlook, By Identity and Access Solution (2024-2032) ($MN)
  • Table 7 Global Cyber Security Managed Services Market Outlook, By Other Services (2024-2032) ($MN)
  • Table 8 Global Cyber Security Managed Services Market Outlook, By Security Type (2024-2032) ($MN)
  • Table 9 Global Cyber Security Managed Services Market Outlook, By Network Security (2024-2032) ($MN)
  • Table 10 Global Cyber Security Managed Services Market Outlook, By Endpoint Security (2024-2032) ($MN)
  • Table 11 Global Cyber Security Managed Services Market Outlook, By Application Security (2024-2032) ($MN)
  • Table 12 Global Cyber Security Managed Services Market Outlook, By Other Security Types (2024-2032) ($MN)
  • Table 13 Global Cyber Security Managed Services Market Outlook, By Deployment Mode (2024-2032) ($MN)
  • Table 14 Global Cyber Security Managed Services Market Outlook, By On-premise (2024-2032) ($MN)
  • Table 15 Global Cyber Security Managed Services Market Outlook, By Cloud (2024-2032) ($MN)
  • Table 16 Global Cyber Security Managed Services Market Outlook, By Enterprise Type (2024-2032) ($MN)
  • Table 17 Global Cyber Security Managed Services Market Outlook, By Small & Medium Size Enterprise (2024-2032) ($MN)
  • Table 18 Global Cyber Security Managed Services Market Outlook, By Large Enterprise (2024-2032) ($MN)
  • Table 19 Global Cyber Security Managed Services Market Outlook, By End User (2024-2032) ($MN)
  • Table 20 Global Cyber Security Managed Services Market Outlook, By Banking, Financial Services and Insurance (BFSI) (2024-2032) ($MN)
  • Table 21 Global Cyber Security Managed Services Market Outlook, By IT & Telecom (2024-2032) ($MN)
  • Table 22 Global Cyber Security Managed Services Market Outlook, By Retail (2024-2032) ($MN)
  • Table 23 Global Cyber Security Managed Services Market Outlook, By Healthcare (2024-2032) ($MN)
  • Table 24 Global Cyber Security Managed Services Market Outlook, By Government (2024-2032) ($MN)
  • Table 25 Global Cyber Security Managed Services Market Outlook, By Manufacturing (2024-2032) ($MN)
  • Table 26 Global Cyber Security Managed Services Market Outlook, By Travel & Transportation (2024-2032) ($MN)
  • Table 27 Global Cyber Security Managed Services Market Outlook, By Energy and Utilities (2024-2032) ($MN)
  • Table 28 Global Cyber Security Managed Services Market Outlook, By Other End Users (2024-2032) ($MN)

Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

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Manager - EMEA

+32-2-535-7543

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Christine Sirois

Manager - Americas

+1-860-674-8796

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