Managed Cyber Security Services

Global Managed Cyber Security Services Market to Reach US$137.6 Billion by 2030

The global market for Managed Cyber Security Services estimated at US$57.9 Billion in the year 2024, is expected to reach US$137.6 Billion by 2030, growing at a CAGR of 15.5% over the analysis period 2024-2030. Identity & Access Management, one of the segments analyzed in the report, is expected to record a 17.9% CAGR and reach US$59.4 Billion by the end of the analysis period. Growth in the Risk & Compliance Management segment is estimated at 16.1% CAGR over the analysis period.

The U.S. Market is Estimated at US$15.7 Billion While China is Forecast to Grow at 14.1% CAGR

The Managed Cyber Security Services market in the U.S. is estimated at US$15.7 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$20.4 Billion by the year 2030 trailing a CAGR of 14.1% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 14.4% and 12.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 10.6% CAGR.

Global Managed Cyber Security Services Market - Key Trends & Drivers Summarized

Why Are Managed Cyber Security Services Crucial for Modern Enterprises?

Managed cyber security services have become essential for organizations looking to protect themselves against increasingly sophisticated cyber threats while managing limited in-house IT resources. These services encompass a range of solutions, including threat detection, incident response, data protection, and regulatory compliance management. Given the rising volume of cyberattacks and the need for constant monitoring, businesses across sectors are turning to managed service providers (MSPs) for comprehensive cybersecurity support. This shift allows organizations to focus on their core operations while maintaining robust security measures, highlighting the growing relevance of managed cyber security services in today’s digital landscape.

How Are Advancements in Technology Enhancing Managed Cyber Security Services?

Technological advancements, such as artificial intelligence (AI), machine learning (ML), and behavioral analytics, have significantly bolstered the capabilities of managed cyber security services. AI and ML-powered solutions now detect anomalies and respond to threats in real time, reducing response times and minimizing potential damages. Additionally, advancements in endpoint detection and response (EDR) and zero-trust architecture have strengthened cyber defenses by limiting unauthorized access and continuously monitoring network activity. These technologies enable MSPs to provide more proactive and adaptive protection against emerging threats, allowing organizations to stay ahead of cybercriminal tactics.

Which Industries Are Leading the Adoption of Managed Cyber Security Services?

The financial services, healthcare, and retail sectors are among the leading adopters of managed cyber security services. Financial institutions rely heavily on MSPs to protect sensitive customer data, manage regulatory compliance, and mitigate financial risks associated with breaches. Healthcare providers, dealing with patient records and sensitive health data, turn to managed services to ensure data security and maintain compliance with health information regulations. Retailers, especially those engaged in e-commerce, utilize these services to safeguard payment data and customer information. This widespread adoption reflects the high-risk environment and stringent compliance requirements in these industries, driving demand for comprehensive cyber security solutions.

The Growth in the Managed Cyber Security Services Market Is Driven by Several Factors

The growth in the managed cyber security services market is driven by several factors, including the increasing frequency of cyberattacks, advancements in threat detection technologies, and the growing complexity of regulatory requirements. As cyber threats become more sophisticated, businesses are outsourcing cybersecurity to MSPs to access the latest defenses and avoid costly breaches. Innovations in AI and ML have enhanced MSPs’ ability to detect and neutralize threats, making their services more effective and appealing. Additionally, strict data protection regulations across various regions have necessitated the adoption of managed services to ensure compliance, further driving market growth.

SCOPE OF STUDY:

The report analyzes the Managed Cyber Security Services market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Application (Identity & Access Management, Risk & Compliance Management, Vulnerability Management, Managed Security Device Management, Other Applications); End-Use (BFSI, Discrete Manufacturing, Healthcare, Government Agencies, Telecommunication, Energy & Utility, Other End-Uses)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

Select Competitors (Total 46 Featured) -

• Accenture PLC
• Assuria
• Convergent Network Solutions Ltd
• Honeywell International, Inc.
• IBM Corporation
• Optiva, Inc.
• Proficio
• SecureWorks, Inc.
• Symantec Corporation
• Tata Consultancy Services Ltd.

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.

The latest version of Adobe Acrobat Reader is required to view the report. Upon ordering an electronic version, the Publisher will provide a link to download the purchased report.

Prior to fulfillment of an order, the client will be required to sign a document detailing the purchase terms for a publication from this publisher.