European Managed Security Services Growth Opportunities

European Managed Security Services Growth Opportunities

Amidst Geopolitical Chaos, Finding a True Security Partner is Increasingly Essential

This study focuses on the European managed security services (MSS) industry. Managed security service providers (MSSPs) supply their clients with comprehensive security solutions, including distributed denial of service (DDoS) protection, managed firewalls, and breach simulation services, predominantly through security operation centers (SOCs). Emerging services like managed detection and response (MDR) and extended detection and response (XDR) offer integrated security platforms for streamlined management. MSSPs play a crucial role in addressing organizations' cybersecurity challenges, offering expertise and leveraging economies of scale to mitigate risks amid personnel shortages. It is becoming increasingly important in this fiercely competitive space to develop vertical-specific know-how and solutions to better address clients’ needs based on their specific business goals, and MSSPs are in a prime position to leverage their capabilities to address market gaps.

The study provides relevant revenue forecasts by vertical, region, and business size. It examines the factors driving and restraining growth in the MSS industry and identifies the growth opportunities emerging from the changes in this space for market players and stakeholders to leverage. The base year is 2023, and the forecast period is from 2024 to 2026.