The North America Managed Security Services Market would witness market growth of 14.5% CAGR during the forecast period (2024-2031).
The US market dominated the North America Managed Security Services Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $20,018 million by 2031. The Canada market is experiencing a CAGR of 17% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 16% during (2024 - 2031).
This market refers to the industry that provides outsourced monitoring and management of security systems and devices. Managed security service providers (MSSPs) deliver various cybersecurity services designed to protect organizations from various threats and ensure their IT infrastructure is secure and compliant with relevant regulations.
These services encompass various applications designed to safeguard organizations from cyber threats. MSS providers utilize advanced tools and technologies to monitor networks for suspicious activities and respond promptly to incidents. This includes employing Security Information and Event Management (SIEM) systems, intrusion detection systems (IDS), and threat intelligence platforms to identify potential threats in real time.
As e-commerce continues to expand, the need for enhanced security measures becomes paramount. The rising volume of online transactions and customer data increases the risk of cyber threats, breaches, and fraud. This scenario presents a unique challenge for e-commerce businesses, prompting a greater reliance on MSS. By leveraging MSS, companies can access specialized security expertise, advanced technologies, and proactive monitoring to protect their digital assets and maintain consumer trust. This rapid growth in telecommunications directly impacts the managed security services market in Mexico. As more businesses and consumers rely on digital communications and online services, the demand for robust security solutions becomes increasingly critical. With the proliferation of mobile devices and internet connectivity, companies face heightened cyber threats and data breach risks. Thus, the rising e-commerce sector and expansion of the telecom industry are driving the market’s growth.
Free Valuable Insights: The Managed Security Services Market is Predict to reach USD 85.9 Billion by 2031, at a CAGR of 15.2%
Based on Enterprise Size, the market is segmented into Large enterprises, and SMEs. Based on Services, the market is segmented into Managed UTM, Managed SIEM, Managed DDoS, Managed XDR, Managed IAM, and Managed Risk & Compliance. Based on Security, the market is segmented into Cloud Security, Data Security, End-point Security, Network Security, and Other Security. Based on Vertical, the market is segmented into BFSI, Healthcare, Manufacturing, IT & Telecommunications, Retail, Defense/Government, and Other Vertical. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
By Enterprise Size
By Services
By Security
By Vertical
By Country
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