Elevating Security Breaches Fueling The Growth Of Managed Security Services Market Emerges as a Core Driver of the Managed Security Services Market in 2025

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What Is the Expected CAGR for the Managed Security Services Market Through 2025?_x000D_
The market for managed security services has seen substantial growth in the recent past. It is projected to escalate from $33.86 billion in 2024 to $38.55 billion in 2025, maintaining a compound annual growth rate (CAGR) of 13.8%. The expansion during the historic phase can be ascribed to elements such as attention to identity and access management, cost-effective safety solutions, regulatory compliance obligations, endpoint security administration, and heightened emphasis on internal threats._x000D_
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What's the Projected Size of the Global Managed Security Services Market by 2029?_x000D_
In the upcoming years, the market size of managed security services is anticipated to experience swift expansion. It is projected to reach $69.89 billion by 2029, growing at a compound annual rate (CAGR) of 16.0%. The expected growth during this forecast period is likely due to evolving regulations, the enlarging scope of managed detection and response, as well as essential infrastructure protection. The prominent trends for this period include cloud security within hybrid environments, utilizing blockchain for heightened security, technologies to preserve privacy, collaboration with vertical industry specialists, advanced sharing of threat intelligence, and automation of incident responses._x000D_
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Top Growth Drivers in the Managed Security Services Industry: What's Accelerating the Market? _x000D_
The increase in security violations is predicted to accelerate the expansion of the managed security services market. A security violation refers to any event that allows illegal access to computer data, applications, networks, or devices. These services oversee and handle security systems and devices, so a surge in the occurrence of security violations will boost the demand for the managed security services market. For example, the Identity Theft Resource Center, a non-profit organization based in the US, reported in January 2024 that the total incidents of data breaches, exposures, leaks, and unspecified occurrences totaled 3,205, affecting an estimated 353,027,892 victims, some of whom were impacted by multiple vulnerabilities. Therefore, the increased frequency of security violations contributes to the growing market demand for managed security services._x000D_
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What Trends Will Shape the Managed Security Services Market Through 2029 and Beyond?_x000D_
Strategic alliances are increasingly becoming a prevalent trend in the managed security services market. Dominant firms in this sector are entering into innovative partnerships to consolidate their market foothold. For instance, in October 2024, Ooredoo, a telecommunications operator and ICT supplier based in Qatar, teamed up with Tech Mahindra, a leading technology consulting and digital solutions provider based in India, to bolster the Managed Security Services (MSS) offered to its B2B clients. This strategic partnership was orchestrated to tackle urgent requirements across the IMEA markets. Their joint venture aims at utilizing global expertise to meet customer security needs and establish a new standard for security services across the region._x000D_
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What Are the Main Segments in the Managed Security Services Market?_x000D_
The managed security servicesmarket covered in this report is segmented - _x000D_
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1) By Type: Network Security, Terminal Security, Application Security, Cloud Security_x000D_
2) By Deployment Type: On-Premise, Cloud

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3) By Organization Size: Large Enterprises, Small And Medium-sized Enterprises (SMEs)_x000D_
4) By Application: Intrusion Detection And Prevention, Threat Prevention, Distributed Denial Of Services, Firewall Management, End-Point Security, Risk Assessment_x000D_
5) By End User: BFSI, Government And Defense, Retail, Manufacturing, Healthcare And Life Sciences, IT And Telecom, Other End Users_x000D_
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Subsegments:_x000D_
1) By Network Security: Firewall Management, Intrusion Detection And Prevention Systems (IDPS), Virtual Private Network (VPN) Management, Network Monitoring, Terminal Security _x000D_
2) By Endpoint Protection: Mobile Device Management (MDM), Endpoint Detection And Response (EDR) _x000D_
3) By Application Security: Web Application Firewall (WAF), Application Vulnerability Assessment, Secure Software Development Lifecycle (SDLC) Services _x000D_
4) By Cloud Security: Cloud Access Security Broker (CASB), Cloud Security Posture Management (CSPM), Cloud Workload Protection Platforms (CWPP) _x000D_
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Which Top Companies are Driving Growth in the Managed Security Services Market?_x000D_
Major companies operating in the managed security services market include International Business Machines Corporation, Cisco Systems Inc., Nippon Telegraph and Telephone Corporation, Secureworks Inc., BT Managed Security Solutions, Check Point Software Technologies Ltd., Wipro Limited, accenture* plc, DXC Technology Company, Lumen Tech Inc., BAE Systems plc, Nuspire, Fujitsu Limited, HCL Technologies Limited, Trustwave Holdings Inc., Fortinet Inc., Verizon Communications Inc., Tata Consultancy Services Limited, Capgemini SE, Deloitte Touche Tohmatsu Limited, Infosys Limited, Orange S. A., Foresite MSP LLC, Herjavec Group, NTT Europe Ltd., Armor Defense Inc. _x000D_
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Which Regions Will Dominate the Managed Security Services Market Through 2029?_x000D_
North America was the largest region in the managed security services market in 2024. The regions covered in the managed security services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa_x000D_
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