North America Managed Security Services Market, 2023-2030

Managed security services are considered as a systematic approach to managing an organization’s security needs. The services may be conducted in-house or outsourced to a service provider that oversees other companies’ network and information system security. Functions of a managed security service include, round-the-clock monitoring and management of intrusion detection systems and firewalls, overseeing patch management & upgrades, performing security assessments & security audits, and responding to emergencies. There are products available from a number of vendors to help organize and guide the procedures involved. This diverts the burden of performing the chores manually, which can be considerable, away from administrators.

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Report Summary

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• Managed security services are considered as a systematic approach to managing an organization’s security needs. The services may be conducted in-house or outsourced to a service provider that oversees other companies’ network and information system security. Functions of a managed security service include, round-the-clock monitoring and management of intrusion detection systems and firewalls, overseeing patch management & upgrades, performing security assessments & security audits, and responding to emergencies. There are products available from a number of vendors to help organize and guide the procedures involved. This diverts the burden of performing the chores manually, which can be considerable, away from administrators.
• Emerging trends like bring your own device (BYOD) and work from home, governmental mandates or regulations for upgradation of organizational security standards, adoption of cloud services and others can be considered essential in driving the market growth forward. In addition, increasing demand for cost-efficient security services, gradual shift towards migrating workloads in cloud environments, alongside rise in number of security breach incidents have been potentially creating the demand for managed security services. Furthermore, growing adoptability of connected devices, increased cyberattack activities within BFSI & retail sector, significant need for early threat detection and risk assessments, and many others is also set to influence the growth of managed security services industry in the long run.
• However, hesitation to share sensitive data restrict the market growth. Moreover, growing awareness about data security, growing importance of e-business, and demand of customized services is expected to offer remunerative opportunities for expansion of the market during the forecast period.

• Managed detection and response (MDR) is an outsourced service that provides organizations with threat-hunting services and responds to threats once they are discovered. It also involves a human element. Security providers provide MDR customers access to their pool of security researchers and engineers, who are responsible for monitoring networks, analyzing incidents, and responding to security cases. 24*7 threat monitoring, detection, and response; endpoint threat detection; threat intelligence; threat hunting; security monitoring; and incident analysis and response are some of the key features of MDR services. Using advanced security analytics on endpoints, user behavior, application, and network, MDR provides deeper detection compared to traditional MSSP. For faster response, MDR also uses AI and machine learning to investigate, auto-contain threats, and orchestrate a response.

• Based on deployment model, cloud segment is analyzed to grow with the highest CAGR of 14.5% in the global managed security services market during the forecast period 2023-2030. This market growth will be attributed to varied factors such as growing adoption of cloud-based services within enterprises, increased cloud deployment for data storage and management applications, and significant workload shift towards public or private cloud environments.
• Cloud deployed managed security services have been gaining wide popularity, due to several capabilities like reduced dependency on human intervention, real-time monitoring, faster threat identification, improved data protection and so on. According to Flexera 2022 State of the cloud report, about 59% of organizations will optimize its existing use of cloud, followed by 57% on workload migration to cloud and 42% moving from on prem software to SaaS. Deployment of cloud security services serve as a cost-effective approach in comparison to on premise, through automated updates, pricing flexibility with annual/monthly subscriptions, higher security, eliminating additional IT infrastructure requirement and so on, which in turn is driving its market growth overtime. Moreover, growing shift towards big data analytics, technological advancements like IoT implementation across end use industries, increased dependency on cloud computing and many others have been also raising the demand for cloud managed security services.

Table of Content

1.    Report Scope

1.1. Market Segmentation and scope

1.2. Regional Scope

1.3. Estimates and forecast timeline

2.     Market Research Methodology

2.1. Research methodology and design

2.2. Sample selection

2.3. Reliability and validity

3.    Executive Summary

4.    Market Analysis

4.1. Market size and growth rates

4.2. Market growth drivers, market dynamics and trends

4.3. Market scenarios and opportunity forecasts

4.4. Market constraints and challenges

4.5. Industry value chain analysis

4.6. Industry analysis – Porter’s

4.6.1.  Threat of new entrants

4.6.2.  Bargaining power of suppliers

4.6.3.  Bargaining power of buyers

4.6.4.  Threat of substitutes

4.6.5.  Competitive rivalry

4.7. PEST analysis

4.7.1.  Political/legal landscape

4.7.2.  Economic landscape

4.7.3.  Social landscape

4.7.4.  Technological landscape

5.     Market Breakdown – by Service Type

5.1. Introduction

5.2. Managed Identity and Access Management (IAM)

5.3. Managed Detection and Response

5.4. Managed SIEM and Log Management

5.5. Managed Firewall Management

5.6. Managed Risk and Compliance Management

5.7. Managed Vulnerability Management

5.8. Others

6.     Market Breakdown – by Type

6.1. Introduction

6.2. Fully Managed Security Services

6.3. Co-managed Security Services

7.     Market Breakdown – by Security Type

7.1. Introduction

7.2. Network Security

7.3. Cloud Security

7.4. Endpoint Security

7.5. Application Security

8.     Market Breakdown – by Deployment Mode

8.1. Introduction

8.2. On-Premise

8.3. Cloud

9.     Market Breakdown – by Organization Size

9.1. Introduction

9.2. Large Enterprises 

9.3. Small and Medium Enterprises (SMEs)

10.  Market Breakdown – by Industry Vertical

10.1.               Introduction

10.2.               BFSI

10.3.               Healthcare

10.4.               Manufacturing

10.5.               Retail and Consumer Goods

10.6.               IT and Telecom

10.7.               Energy and Utilities

10.8.               Media and Entertainment

10.9.               Others

11.  Market Breakdown – by Geography

11.1.              Canada

11.1.1.                  Toronto

11.1.2.                  Montreal

11.1.3.                  Calgary

11.1.4.                  Ottawa

11.1.5.                  Edmonton

11.1.6.                  Vancouver

11.1.7.                  Others

11.2.               US

11.2.1.                  California

11.2.2.                  Texas

11.2.3.                  New York

11.2.4.                  Florida

11.2.5.                  Illinois

11.2.6.                  Pennsylvania

11.2.7.                  Ohio

11.2.8.                  Washington

11.2.9.                  Georgia

11.2.10.              New Jersey

11.2.11.              North Carolina

11.2.12.              Massachusetts

11.2.13.              Virginia

11.2.14.              Michigan

11.2.15.              Maryland

11.2.16.              Colorado

11.2.17.              Minnesota

11.2.18.              Indiana

11.2.19.              Arizona

11.2.20.              Tennessee

11.2.21.              Wisconsin

11.2.22.              Missouri

11.2.23.              Connecticut

11.2.24.              Others

12.  Competitive Landscape

12.1.               Company Market Positioning

12.2.               Company Geographical Presence Analysis

12.3.               Market Revenue Share Analysis (%), by Leading Players

13.  Company Listed

13.1.              Access One

13.2.              Acuative

13.3.              Aqueduct Technologies

13.4.              Aspire Technology Partners

13.5.              Atmosera

13.6.              Avertium

13.7.              Bayshore Interactive

13.8.              Bell Techlogix

13.9.              Braintrace

13.10.          Brite

13.11.          Business Communications, Inc. (BCI)

13.12.          Business Machine Technologies

13.13.          CalTech

13.14.          CBI

13.15.          Choice Solutions

13.16.          Cipher

13.17.          CloudHesive

13.18.          ConRes

13.19.          Core BTS

13.20.          Corsica Technologies

13.21.          Cortrucent Technologies

13.22.          Critical Start

13.23.          CSPi Technology Solutions

13.24.          Custom Computer Specialists

13.25.          Cyber Advisors

13.26.          CyberCore Technologies

13.27.          CyberlinkASP

13.28.          Cybersafe Solutions

13.29.          Cysiv

13.30.          Datapath

13.31.          DigitalEra Group

13.32.          DirectDefense, Inc.

13.33.          ECS Federal

13.34.          Endsight

13.35.          Entara

13.36.          EPIC, a Bell MTS Company

13.37.          EPLEXITY

13.38.          Expedient

13.39.          FlexITy Solutions

13.40.          Focus Technology

13.41.          Gotham Technology Group

13.42.          GuidePoint Security

13.43.          iCorps Technologies

13.44.          ImageQuest

13.45.          Integration Partners

13.46.          Involta

13.47.          Iron Bow

13.48.          IT Weapons, a Division of Konica Minolta Business Solutions (Can

13.49.          Kappa Computer Systems LLC

13.50.          Knight Point Systems

13.51.          LAN Infotech, LLC

13.52.          Lewan Technology

13.53.          Logicalis US

13.54.          Mako Networks

13.55.          Marlabs

13.56.          Masergy

13.57.          MCPc

13.58.          More Power Technology Group

13.59.          Mosaic451

13.60.          MTM Technologies

13.61.          NDSE

13.62.          Nero Consulting Inc.

13.63.          Net at Work

13.64.          Netgain Technology, LLC

13.65.          NetSource One

13.66.          Networking Technologies + Support

13.67.          Nexum

13.68.          Novacoast

13.69.          Nuspire Networks

13.70.          Optiv

13.71.          Presidio

13.72.          Proficio

13.73.          Promenet

13.74.          ProServeIT Corporation

13.75.          RetroFit Technologies

13.76.          RoundTower

13.77.          SabinoCompTech

13.78.          Safety Net

13.79.          Secure Sense

13.80.          Secure-24

13.81.          Security On-Demand

13.82.          Secuvant

13.83.          Sentinel Technologies

13.84.          Simeio

13.85.          Sirius

13.86.          Solutions Granted

13.87.          Solutions II

13.88.          Stronghold Data, L.L.C.

13.89.          Structured

13.90.          Thrive

13.91.          True Digital Security

13.92.          Trustwave

13.93.          Ubisec

13.94.          Uprise

13.95.          Valeo Networks, Inc.

13.96.          Vista IT Solutions, LLC

13.97.          Vology

13.98.          WaveStrong

13.99.          World Wide Technology

13.100.      ZL Tech

13.101.      Zones

 

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