US Managed Security Services Market (2024-2030) | Outlook, Trends, Companies, Growth, Share, Outlook, Analysis, Forecast, Industry, Value, Revenue & Size

US Managed Security Services Market Highlights

Report Name	US Managed Security Services Market
Forecast period	2024-2030
CAGR	21.8%
Growing Sector	BFSI

Topics Covered in the US Managed Security Services Market Report

The US managed security services market report thoroughly covers the market by service type, by organization type, by deployment type and by application. The report provides an unbiased and detailed analysis of the on-going market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics. 

US Managed Security Services Market Synopsis

The US managed security services market offer comprehensive solutions to protect organizations from a myriad of cyber threats. Managed security services involve outsourcing the monitoring, detection, and response to security incidents, enabling businesses to enhance their cyber security posture without the need for an in-house security team. In addition, the market encompasses a wide range of services, including threat intelligence, intrusion detection and prevention, security information and event management (SIEM), and managed firewall services. Further, the market is undergoing transformative trends reflective of the dynamic cyber security landscape. A prominent trend is the increasing adoption of cloud-based managed security services, aligning with the broader shift towards cloud computing and the need for scalable and flexible security solutions. Further, the US managed security services industry faces a spectrum of challenges reflective of the complexities within the cyber security domain. One significant hurdle is the shortage of skilled cyber security professionals, leading to increased competition for talent among managed security services providers and organizations alike. In addition, the evolving nature of cyber threats and the emergence of sophisticated attack techniques pose a continuous challenge, requiring managed security services to stay ahead through ongoing innovation and threat intelligence.

According to 6Wresearch, US Managed Security Services market size is projected to grow at a CAGR of 21.8% during 2024-2030. The US managed security services market is propelled by several key growth drivers, reflecting the escalating demand for advanced cyber security solutions in an era of persistent and evolving cyber threats. A primary catalyst is the increasing sophistication of cyber-attacks, driving businesses to seek specialized expertise and proactive threat monitoring provided by managed security services. In addition, the adoption of hybrid and multi-cloud environments further contributes to the market's growth, as organizations require integrated and scalable security solutions to protect their diverse digital assets. Additionally, the rise of remote work and the expansion of digital transformation initiatives amplify the need for comprehensive managed security services that address the unique challenges of distributed and dynamic work environments. Moreover, compliance requirements and the growing awareness of the financial and reputational consequences of cyber incidents also foster the adoption of managed security services. Additionally, the integration of advanced technologies, such as artificial intelligence and automation, enhances the effectiveness and efficiency of security operations. As businesses prioritize cyber security resilience, the US managed security services market remains a vital partner in safeguarding digital assets and ensuring the continuity of operations in the face of evolving cyber threats.

Government Initiatives Introduced in the US Managed Security Services Market

Government initiatives play a pivotal role in shaping the US managed security services market, with a focus on enhancing national cyber security resilience and fostering collaboration between public and private sectors. In addition, initiatives such as the Cyber security and Infrastructure Security Agency (CISA) prioritize the development and implementation of strategies to protect critical infrastructure from cyber threats, influencing the demand for advanced managed security services. Moreover, the National Institute of Standards and Technology (NIST) provide frameworks and guidelines that influence the adoption of best practices within the managed security services sector, encouraging standardization and effective risk management. These efforts have advanced the US Managed Security Services Market Share. Furthermore, additionally, government contracts and partnerships with managed security services providers contribute to the market's growth, as federal agencies seek specialized expertise to bolster their cybersecurity defense. Further, government's commitment to combating cyber threats and ensuring the security of digital infrastructure creates an environment that stimulates innovation and investment within the US managed security services market.

Key Players in the US Managed Security Services Market

The US managed security services market is characterized by the influence of key players who play a significant role in delivering cutting-edge cyber security solutions to organizations across industries. IBM Corporation stands out as a major player, offering a comprehensive suite of managed security services that leverage advanced analytics and threat intelligence. Symantec Corporation, a division of Broadcom Inc., is a prominent contributor, providing a wide range of cyber security solutions, including managed security services, to safeguard businesses from cyber threats. Cisco Systems, Inc. is noteworthy, offering integrated security solutions and managed services that address the evolving threat landscape. Accenture plc plays a crucial role, providing end-to-end cyber security services, including managed detection and response. Additionally, FireEye, Inc. and Secureworks Corp. contribute to the market's competitiveness, offering specialized managed security services with a focus on threat detection and response. In addition, the corporations’ grasp massive US Managed Security Services Market Revenues. These key players collectively shape the US managed security services market, driving innovation, setting industry standards, and assisting organizations in fortifying their cyber security defenses.  

Future Insights of the US Managed Security Services Market

The future of the US managed security services market is marked by a dynamic landscape shaped by technological advancements, evolving threat landscapes, and an increasing emphasis on proactive cyber security measures. In addition, anticipated trends include a continued integration of artificial intelligence and machine learning technologies to enhance threat detection and response capabilities. Additionally, the market is likely to witness an expanded focus on zero-trust security models, reflecting a shift from perimeter-based defenses to a more comprehensive and adaptive approach. As the Internet of Things (IoT) ecosystem grows, managed security services are expected to evolve to address the unique cyber security challenges presented by interconnected devices. Moreover, cloud-based managed security services will likely continue to gain prominence, providing scalability and flexibility in securing diverse digital environments. Additionally, the rising importance of privacy and data protection is expected to shape the market, with managed services adapting to changing regulatory landscapes. Overall, the US managed security services market is poised for continued growth, driven by ongoing technological innovation, the imperative of cyber resilience, and the collaborative efforts between service providers and organizations to stay ahead of emerging cyber threats.

Market Analysis by Type

According to Ravi Bhandari, Research Head, 6Wresearch, the Large enterprises are the primary drivers of the managed security services market in the US. These companies have complex IT infrastructures and significant cybersecurity needs. They require 24/7 monitoring, threat detection, and response capabilities. Managed security services providers (MSSPs) offer a range of services to large enterprises, such as firewall management, intrusion detection and prevention, and security information and event management (SIEM). Further, the MSSPs also provide incident response and remediation services, which are crucial for large enterprises as they can quickly respond to cybersecurity incidents and ensure that their business operations are not disrupted. Some of the most prominent MSSPs catering to large enterprises in the US include IBM, Symantec, Verizon, and AT&T.

Market Analysis by Application

In the BFSI sector, where data privacy and integrity are paramount, MSS helps mitigate cyber risks and ensures compliance with regulations. MSS providers offer risk assessment, continuous monitoring, and incident response services to protect against security breaches. Further, the energy sector is also vulnerable to cybersecurity threats. A successful cyber-attack on energy infrastructure could result in significant physical damage and cause power outages. MSS helps keep energy infrastructure secure and provides resilience against attacks. MSS providers in the energy sector offer advanced threat analytics, network segmentation, and vulnerability management to enhance security.

Key Attractiveness of the Report

• 10 Years Market Numbers.
• Historical Data Starting from 2020 to 2023.
• Base Year: 2023.
• Forecast Data until 2030.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report

• US Managed Security Services Market Overview
• US Managed Security Services Market Outlook
• US Managed Security Services Market Forecast
• US Managed Security Services Market Share, 2023
• Historical Data and Forecast of US Managed Security Services Market Revenues for the Period 2020-2030F
• Historical Data and Forecast of Revenues, by Service Types for the Period 2020-2030F
• Historical Data and Forecast of Revenues, by Organisation Size for the Period 2020-2030F
• Historical Data and Forecast of Revenues, by Deployment Type for the Period 2020-2030F
• Historical Data and Forecast of Revenues, by Applications for the Period 2020-2030F
• Historical Data and Forecast of Revenues, by Regions for the Period 2020-2030F
• Market Drivers
• Market Restraints
• US Managed Security Services Market Trends
• Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• US Managed Security Services Market Share, By Companies
• Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Markets Covered

The US Managed Security Services market report provides a detailed analysis of the following market segments:

By Service Types

• Security Assets Monitoring & Management Service (SAMM)
• Threat Intelligence, Research, Detection & Remediation Service (TIRDR)
• Risk & Compliance Management Service (RCM)
• Advanced & Emerging Managed Security Service (AEM)

By Organization Type

• Large Enterprises
• Small and Medium-Sized Enterprises

By Deployment Type

• On-Premise Managed Security Services
• Cloud Managed Security Services

By Applications

• BFSI
• Energy
• Healthcare
• ICT
• Others (Commercial, Hospitality, Government, etc)