Managed Security Services Market Analysis, Size, Share, Growth, Trends, and Forecasts by 2031
Global managed security services market was valued at $ 25.4 billion in 2022 and is likely to reach $ 86.8 billion by 2032, registering a CAGR of 12.8% over the forecast period of 2023-2032. In an era where cyber threats are increasingly sophisticated, businesses are prioritizing security solutions to protect their digital assets. Managed Security Services (MSS) have emerged as a vital component of organizational cybersecurity strategies, offering outsourced monitoring, threat detection, and incident response. The MSS market is experiencing substantial growth, driven by increasing cyberattacks, regulatory compliance requirements, and the adoption of cloud-based services.