The Managed Security Services Market was valued at USD 23.19 billion in 2021 and is expected to reach USD 56.6 billion by 2027, at a CAGR of 16.11% over the forecast period 2022 - 2027. The COVID-19 outbreak is expected to have a positive impact on the growth of managed security services market share. This is because, with the arrival of COVID-19, the use of managed security services is believed to enable enterprises to address security issues and facilitate secure information access while remote working.
Key HighlightsThe Managed Security Services Market is fragmented due to existing giants and many upcoming vendors who provide security services to prevent companies from attacks like network attacks, Denial of services, or even performing a risk assessment. This market is anticipated to encounter a number of partnerships, mergers, service launches, and acquisitions as organizations continue to invest strategically.
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