Market Overview:
The global managed security services providers (MSSPs) market is expected to grow from USD 9.02 billion in 2018 to USD 23.14 billion by 2030, at a CAGR of 13.8% from 2018 to 2030. The growth of the MSSP market can be attributed to the increasing number of cyber-attacks and data breaches, and the need for organizations to protect their critical data and infrastructure from such attacks. Moreover, the growing demand for cloud-based security solutions is also contributing significantly to the growth of this market. The virus and spam blocking segment is expected to hold the largest share of the global MSSP market in 2018. This segment includes services that help protect organizations against viruses, spam, malware, ransomware attacks, etc., by blocking them at various points such as email gateways or web gateways.
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Product Definition:
A Managed Security Services Provider (MSSP) is a company that provides outsourced security monitoring and management services to organizations. MSSPs can help organizations reduce their risk of cyberattacks by providing 24/7 security monitoring, incident response, and remediation services. They can also help organizations comply with regulatory requirements such as the Payment Card Industry Data Security Standard (PCI DSS) and the Health Insurance Portability and Accountability Act (HIPAA).
Virus and Spam Blocking:
Virus and Spam Blocking is a technology that helps in the identification of unwanted emails or messages called Virus, which are sent by spammers. The blocking process takes place in two stages, firstly the message is scanned for malicious content and then it is blocked if it contains any harmful payloads. The whole process takes place inside an email client such as Microsoft Outlook or Windows Live Mail etc.
The growth factor responsible for increasing demand for virus.
Intrusion Detection:
Intrusion detection is the technology that is used to detect and prevent unauthorized or unpermitted entry into a premises. It helps in protecting the assets of an organization by identifying, reporting, and preventing intrusions. Intrusion detection systems have become an integral part of security management as they help in providing early warning signals about potential threats.
Application Insights:
The small businesses segment accounted for the largest revenue share in 2016 and is anticipated to continue its dominance over the forecast period. This can be attributed to factors such as a high concentration of SMEs across various geographies, increasing demand for secure connectivity solutions from these organizations, and availability of affordable managed security services.
The large businesses segment is expected to register significant growth over the forecast period owing to factors such as an increase in cyber-attacks leading companies globally, growing awareness about online safety amongst large enterprises and government initiatives encouraging adoption of managed security services among larger organizations.
Managed security service providers have developed innovative offerings that cater to evolving customer requirements while maintaining operational efficiency at scale.
Regional Analysis:
North America dominated the global market in 2017. The growth of the region can be attributed to rising cybercrimes and increasing government regulations for data protection. For instance, in December 2015, President Obama signed into a law that makes it mandatory for companies to protect their customers' personal information by securing it from hackers and other criminals. This has compelled many Managed Security Services (MSS) providers to adopt security solutions thereby boosting regional growth over the forecast period.
Asia Pacific is expected to witness significant growth over the forecast period owing to several initiatives taken up by governments across various countries such as China, India, Australia among others have undertaken numerous initiatives aimed at strengthening cybersecurity infrastructure within their country thus driving demand for managed security services providers within APAC region over the forecast period.
Growth Factors:
- Increasing demand for managed security services from small and medium-sized businesses (SMBs) due to the growing sophistication of cyber threats.
- The increasing number of data breaches and the resulting regulatory compliance requirements are driving organizations to outsource their security needs to MSSPs.
- Rapid growth in cloud computing and big data is creating new opportunities for MSSPs to provide security services that protect these environments.
- The increasing use of mobile devices and BYOD policies is exposing organizations to new risks that can be addressed by managed security services.
- Growing awareness of the value proposition offered by MSSPs is attracting more enterprises to outsource their cybersecurity needs
Scope Of The Report
Report Attributes
Report Details
Report Title
Managed Security Services Providers (MSSPs) Market Research Report
By Type
Virus and Spam Blocking, Intrusion Detection, Firewalls, Virtual Private Network (VPN) Management, Others
By Application
Small Businesses, Medium-Sized Businesses, Large Business
By Companies
IBM, AT&T, Verizon, SecureWorks, Trustwave, CenturyLink, Herjavec Group, Alert Logic, Wipro Limited, NTT Security
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
224
Number of Tables & Figures
157
Customization Available
Yes, the report can be customized as per your need.
Global Managed Security Services Providers (MSSPs) Market Report Segments:
The global Managed Security Services Providers (MSSPs) market is segmented on the basis of:
Types
Virus and Spam Blocking, Intrusion Detection, Firewalls, Virtual Private Network (VPN) Management, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Small Businesses, Medium-Sized Businesses, Large Business
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- IBM
- AT&T
- Verizon
- SecureWorks
- Trustwave
- CenturyLink
- Herjavec Group
- Alert Logic
- Wipro Limited
- NTT Security
 Market Overview.svg)
Highlights of The Managed Security Services Providers (MSSPs) Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Virus and Spam Blocking
- Intrusion Detection
- Firewalls
- Virtual Private Network (VPN) Management
- Others
- By Application:
- Small Businesses
- Medium-Sized Businesses
- Large Business
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Managed Security Services Providers (MSSPs) Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
MSSPs are companies that provide managed security services to organizations. These companies typically have a team of experts who can help protect an organization's systems from cyberattacks, and they may also offer other security-related services such as malware removal or data protection.
Some of the major players in the managed security services providers (mssps) market are IBM, AT&T, Verizon, SecureWorks, Trustwave, CenturyLink, Herjavec Group, Alert Logic, Wipro Limited, NTT Security.
The managed security services providers (mssps) market is expected to grow at a compound annual growth rate of 13.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Managed Security Services Providers (MSSPs) Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Managed Security Services Providers (MSSPs) Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Managed Security Services Providers (MSSPs) Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Managed Security Services Providers (MSSPs) Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Managed Security Services Providers (MSSPs) Market Size & Forecast, 2018-2028
4.5.1 Managed Security Services Providers (MSSPs) Market Size and Y-o-Y Growth
4.5.2 Managed Security Services Providers (MSSPs) Market Absolute $ Opportunity
Chapter 5 Global Managed Security Services Providers (MSSPs) Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Managed Security Services Providers (MSSPs) Market Size Forecast by Type
5.2.1 Virus and Spam Blocking
5.2.2 Intrusion Detection
5.2.3 Firewalls
5.2.4 Virtual Private Network (VPN) Management
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Managed Security Services Providers (MSSPs) Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Managed Security Services Providers (MSSPs) Market Size Forecast by Applications
6.2.1 Small Businesses
6.2.2 Medium-Sized Businesses
6.2.3 Large Business
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Managed Security Services Providers (MSSPs) Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Managed Security Services Providers (MSSPs) Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Managed Security Services Providers (MSSPs) Analysis and Forecast
9.1 Introduction
9.2 North America Managed Security Services Providers (MSSPs) Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Managed Security Services Providers (MSSPs) Market Size Forecast by Type
9.6.1 Virus and Spam Blocking
9.6.2 Intrusion Detection
9.6.3 Firewalls
9.6.4 Virtual Private Network (VPN) Management
9.6.5 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Managed Security Services Providers (MSSPs) Market Size Forecast by Applications
9.10.1 Small Businesses
9.10.2 Medium-Sized Businesses
9.10.3 Large Business
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Managed Security Services Providers (MSSPs) Analysis and Forecast
10.1 Introduction
10.2 Europe Managed Security Services Providers (MSSPs) Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Managed Security Services Providers (MSSPs) Market Size Forecast by Type
10.6.1 Virus and Spam Blocking
10.6.2 Intrusion Detection
10.6.3 Firewalls
10.6.4 Virtual Private Network (VPN) Management
10.6.5 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Managed Security Services Providers (MSSPs) Market Size Forecast by Applications
10.10.1 Small Businesses
10.10.2 Medium-Sized Businesses
10.10.3 Large Business
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Managed Security Services Providers (MSSPs) Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Managed Security Services Providers (MSSPs) Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Managed Security Services Providers (MSSPs) Market Size Forecast by Type
11.6.1 Virus and Spam Blocking
11.6.2 Intrusion Detection
11.6.3 Firewalls
11.6.4 Virtual Private Network (VPN) Management
11.6.5 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Managed Security Services Providers (MSSPs) Market Size Forecast by Applications
11.10.1 Small Businesses
11.10.2 Medium-Sized Businesses
11.10.3 Large Business
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Managed Security Services Providers (MSSPs) Analysis and Forecast
12.1 Introduction
12.2 Latin America Managed Security Services Providers (MSSPs) Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Managed Security Services Providers (MSSPs) Market Size Forecast by Type
12.6.1 Virus and Spam Blocking
12.6.2 Intrusion Detection
12.6.3 Firewalls
12.6.4 Virtual Private Network (VPN) Management
12.6.5 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Managed Security Services Providers (MSSPs) Market Size Forecast by Applications
12.10.1 Small Businesses
12.10.2 Medium-Sized Businesses
12.10.3 Large Business
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Managed Security Services Providers (MSSPs) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Managed Security Services Providers (MSSPs) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Managed Security Services Providers (MSSPs) Market Size Forecast by Type
13.6.1 Virus and Spam Blocking
13.6.2 Intrusion Detection
13.6.3 Firewalls
13.6.4 Virtual Private Network (VPN) Management
13.6.5 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Managed Security Services Providers (MSSPs) Market Size Forecast by Applications
13.10.1 Small Businesses
13.10.2 Medium-Sized Businesses
13.10.3 Large Business
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Managed Security Services Providers (MSSPs) Market: Competitive Dashboard
14.2 Global Managed Security Services Providers (MSSPs) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 IBM
14.3.2 AT&T
14.3.3 Verizon
14.3.4 SecureWorks
14.3.5 Trustwave
14.3.6 CenturyLink
14.3.7 Herjavec Group
14.3.8 Alert Logic
14.3.9 Wipro Limited
14.3.10 NTT Security
