United States (USA) Managed Security Services Market Overview, 2029

Growing worries about cyber threats and the necessity for strong security measures have propelled the Managed Security Service (MSS) industry in the United States to significant development. Managed security services providers, or MSSPs, provide a variety of services aimed at safeguarding companies from cyberattacks, handling security operations, and guaranteeing regulatory compliance. The need for specialised security services has increased due to the complexity of cyber threats becoming more complicated and the development in sophisticated assaults like phishing, ransomware, and Advanced Persistent Threats (APTs). Because of this, the MSS market in the USA is now a vital part of the larger cybersecurity scene. The MSS market in the United States is distinguished by a wide range of service offerings that address the various demands of organisations. These services include endpoint protection, vulnerability scanning, intrusion detection and prevention systems, managed firewalls, and security information and event management (SIEM). MSSPs offer ongoing security system administration and monitoring, guaranteeing that possible attacks are promptly detected and eliminated. For companies hoping to safeguard confidential information and preserve operational integrity, this proactive security management strategy is crucial. The inclination towards digital transformation and the integration of cloud services have broadened the scope of attacks against organisations, hence increasing the difficulty of managing comprehensive security. By providing adaptable and scalable security solutions that can change with their customers' evolving IT environments, MSSPs assist in addressing these issues. Furthermore, a lack of qualified cybersecurity specialists in the United States has prompted several companies to outsource their security requirements to MSSPs, which guarantees them access to the required knowledge without the hassle of hiring and retaining staff. The MSS market in the United States is very competitive, with a wide range of participants from big international companies to niche suppliers. Among the leading companies in the industry are Symantec, IBM, AT&T Cybersecurity, and SecureWorks. These businesses provide a wide range of services and have made significant investments in cutting-edge technology like machine learning and artificial intelligence to improve the security options they provide. Furthermore, MSSPs and technology suppliers frequently form alliances and collaborate, which enhances the capabilities of managed security services. According to the research report "USA Managed Security Service Market Overview, 2029," published by Bonafide Research, the USA Managed Security Service market was valued at more than USD 9.50 Billion in 2023. The MSS market is growing in the USA due to a number of causes. Firstly, it is evident that traditional security measures are insufficient given the growing frequency and sophistication of cyberattacks. Companies are using MSSPs to take advantage of their knowledge and cutting-edge security solutions. Second, strict data protection and privacy regulations are mandated by the regulatory environment in the United States, which includes legislation like the California Consumer Privacy Act (CCPA), the General Data Protection Regulation (GDPR), and the Health Insurance Portability and Accountability Act (HIPAA). MSSPs are in a good position to offer the specific expertise and resources that are frequently needed to comply with these rules.

The managed security service (MSS) industry in the US is vibrant and changing quickly to meet the ever-increasing cyber risks that businesses in a variety of industries must contend with. First off, intrusion prevention systems (IDS) and intrusion detection systems (PS) are essential technologies for spotting and thwarting network attacks. Robust IPS and IDS systems are in greater demand due to the growing sophistication of cyberattacks. Advanced IPS/IDS solutions from MSSPs (Managed Security Service Providers) are in great demand, particularly from businesses looking to bolster their defences against attacks and breaches. Second, the rise in remote work and BYOD (Bring Your Own Device) rules has led to a notable increase in the use of endpoint security. Endpoint security-focused MSSPs provide all-inclusive solutions to protect computers, smartphones, and tablets from ransomware, malware, and other threats. Endpoint security services are becoming more and more popular as business networks contain an increasing number of endpoints. Distributed Denial of Service (DDoS) assaults are another kind that continue to be a danger, interfering with services and costing companies money. Organisations in need of continuous operations are seeking for MSSPs with sophisticated DDoS mitigation capabilities. There is a growing need for MSSPs that provide efficient DDoS protection services as DDoS attacks becoming more sophisticated and extensive. There are, nonetheless, a number of different service kinds. This category includes a variety of services targeted at thorough threat detection, prevention, and response. MSSPs that provide services such as Firewall Management, Threat Management, and Secured Information and Event Management (SIEM) are essential in coordinating defence plans that are customised to meet the specific requirements of their customers. The need for these services is increasing significantly as a result of stricter regulatory compliance requirements and more sophisticated cyber threats. Amongst the aforementioned service categories, Endpoint Security is a prominent and expanding segment within the MSS industry in the United States. The need for strong endpoint security solutions has increased due to the rise in remote work and the sophistication of endpoint attacks. As businesses place a higher priority on protecting their dispersed networks and devices, MSSPs that provide endpoint security services that include endpoint detection and response (EDR), threat hunting, and device management are seeing rapid growth. Big businesses in the US have a lot of power since they frequently run intricate infrastructures across several sites. For them, complete solutions catered to their complex requirements are offered by managed security services. These services, which assist major companies efficiently minimise risks while ensuring regulatory compliance, include a wide variety of products, from threat detection and incident response to compliance management.However, small and medium-sized enterprises (SMBs), which account for a sizeable share of the American economy, have unique security needs. SMBs are appealing targets for cific managed security services provide affordable solutions and are usually combined with basic monitoring, firewall administration, and antivirus software. With the help of these services, SMBs may strengthen their defences against changing cyberthreats without putting undue strain on their meagre resources. Despite the fact that SMBs and major organisations in the USA differ greatly in terms of size, resources, and operational complexity, both groups understand how crucial strong cybersecurity measures are to protecting their digital assets and maintaining business continuity. Managed security services are essential for tackling the distinct security issues that every industry faces because they offer customised solutions that fit their needs, risk profiles, and available resources. Because of its scalability, flexibility, and affordability, the cloud deployment paradigm for managed security services (MSS) has become more popular in the United States. Security solutions specifically designed for cloud-based settings are provided by MSS providers, as more and more enterprises employ cloud-based infrastructure and apps. In addition to offering real-time threat detection and response and guaranteeing compliance with industry laws like HIPAA and GDPR, cloud MSS facilitates easy interaction with cloud platforms. However, enterprises with stringent data residency policies or those with outdated systems that are impractical to move to the cloud continue to use On-Premise implementation of Managed Security Services. In order to preserve control over sensitive data and comply with legal requirements, industries including as government, banking, and healthcare frequently use on-premise MSS in the United States. In order to monitor and defend against cyber threats, these solutions usually entail putting security appliances—like firewalls and intrusion detection systems—within the architecture of the company. The Managed Security Services Market offers a number of choices for businesses to successfully secure their digital assets, catering to a variety of demands within the corporate landscape of the United States through both cloud and on-premise deployment methods. The banking, financial services, and insurance (BFSI) industry in the United States plays a vital role in the economy by managing enormous volumes of confidential financial data. Managed Security Services (MSS) are essential for defending against online dangers including financial theft and data breaches. BFSI firms largely depend on MSS providers to maintain compliance and protect client information due to strict laws like PCI-DSS and GLBA. The United States' IT/ITES (Information Technology/Information Technology Enabled Services) industry includes software development, telecommunications, and business process outsourcing, among other businesses. Cyberattacks target these businesses because they handle sensitive customer data and valuable intellectual property. MSS solutions designed specifically for IT/ITES businesses reduce risks and guarantee continuous operations. Data security is of utmost importance to healthcare organisations in the United States since they are tasked with protecting extremely sensitive patient data. Healthcare providers rely on MSS providers to strengthen their defences against cyber attacks, as rules such as HIPAA require stringent safeguards regarding confidentiality. Healthcare organisations may avoid costly data breaches, preserve compliance, and safeguard patient privacy with the use of MSS solutions. Large volumes of sensitive data, including records pertaining to residents' personal lives and national security, are handled by government entities in the United States. For the sake of public trust and national security, sensitive data must be protected against cyber attacks. Government organisations demand specialised solutions that are suited to their specific security requirements and regulatory frameworks. MSS providers assist these organisations in defending against sophisticated cyberattacks and protecting vital infrastructure. Retail, manufacturing, education, and other industries are all included in the "Others" category of the Managed Security Services market in the United States. All organisations are vulnerable to the ongoing danger of cyberattacks and data breaches, while having different security requirements. MSS providers assist organisations in these industries keep ahead of developing threats and safeguard their assets by providing tailored solutions to address the unique security concerns these sectors confront. Considered in this report • Historic year: 2018 • Base year: 2023 • Estimated year: 2024 • Forecast year: 2029 Aspects covered in this report • Managed Security Services market Outlook with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation

By Service Type • IPS and IDS • Endpoint security • DDOS • Others(Threat Management, Firewall Management, Secured Information and Event Management and Others ) By Organization Size • Large Enterprise • SMBs By Deployment • Cloud • On Premise By End User • BFSI • IT/ITES • Healthcare • Government • Others The approach of the report: This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations, and organizations related to the Managed Security Services industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.