Managed Security Services Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The managed security services market was valued at USD 23.19 billion in 2021, and it is expected to reach USD 56.6 billion by 2027, at a CAGR of 16.11% over the forecast period. The COVID-19 outbreak is expected to impact the growth of managed security services market share positively. 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. After the pandemic, the market is growing rapidly due to permanent work-from-home jobs and increased digitalization.
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 many partnerships, mergers, service launches, and acquisitions as organizations continue to invest strategically.
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