The global managed security services market was valued at $22.45 billion in 2020, and is projected to reach $77.01 billion by 2030, growing at a CAGR of 12.8% from 2021 to 2030.
Managed security services (MSS) are third-party service providers of remote monitoring and administration of IT security tasks to efficiently secure enterprises' sensitive data. Increase in cybercrime activities, requirements for cost effectiveness, and stringent government regulations drive the global managed security services market.