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.
List of Key Companies Profiled
- IBM Corporation
- Cisco Systems, Inc.
- Check Point Software Technologies Ltd.
- Broadcom, Inc. (Symantec Corporation)
- Wipro Limited
- Verizon Communications, Inc.
- SecureWorks Corp. (Dell Technologies, Inc.)
- Accenture PLC
- BT Group plc
- SonicWall, Inc.
North America Managed Security Services Market Report Segmentation
By Enterprise Size
By Services
- Managed UTM
- Managed SIEM
- Managed DDoS
- Managed XDR
- Managed IAM
- Managed Risk & Compliance
By Security
- Cloud Security
- Data Security
- End-point Security
- Network Security
- Other Security
By Vertical
- BFSI
- Healthcare
- Manufacturing
- IT & Telecommunications
- Retail
- Defense/Government
- Other Vertical
By Country
- US
- Canada
- Mexico
- Rest of North America
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Managed Security Services Market, by Enterprise Size
1.4.2 North America Managed Security Services Market, by Services
1.4.3 North America Managed Security Services Market, by Security
1.4.4 North America Managed Security Services Market, by Vertical
1.4.5 North America Managed Security Services Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.3 Market Share Analysis, 2023
4.4 Top Winning Strategies
4.4.1 Key Leading Strategies: Percentage Distribution (2020-2024)
4.4.2 Key Strategic Move: (Partnerships, Collaborations and Agreements: 2021, Sep – 2024, Sep) Leading Players
4.5 Porter Five Forces Analysis
Chapter 5. North America Managed Security Services Market by Enterprise Size
5.1 North America Large enterprises Market by Region
5.2 North America SMEs Market by Region
Chapter 6. North America Managed Security Services Market by Services
6.1 North America Managed UTM Market by Country
6.2 North America Managed SIEM Market by Country
6.3 North America Managed DDoS Market by Country
6.4 North America Managed XDR Market by Country
6.5 North America Managed IAM Market by Country
6.6 North America Managed Risk & Compliance Market by Country
Chapter 7. North America Managed Security Services Market by Security
7.1 North America Cloud Security Market by Country
7.2 North America Data Security Market by Country
7.3 North America End-point Security Market by Country
7.4 North America Network Security Market by Country
7.5 North America Other Security Market by Country
Chapter 8. North America Managed Security Services Market by Vertical
8.1 North America BFSI Market by Country
8.2 North America Healthcare Market by Country
8.3 North America Manufacturing Market by Country
8.4 North America IT & Telecommunications Market by Country
8.5 North America Retail Market by Country
8.6 North America Defense/Government Market by Country
8.7 North America Other Vertical Market by Country
Chapter 9. North America Managed Security Services Market by Country
9.1 US Managed Security Services Market
9.1.1 US Managed Security Services Market by Enterprise Size
9.1.2 US Managed Security Services Market by Services
9.1.3 US Managed Security Services Market by Security
9.1.4 US Managed Security Services Market by Vertical
9.2 Canada Managed Security Services Market
9.2.1 Canada Managed Security Services Market by Enterprise Size
9.2.2 Canada Managed Security Services Market by Services
9.2.3 Canada Managed Security Services Market by Security
9.2.4 Canada Managed Security Services Market by Vertical
9.3 Mexico Managed Security Services Market
9.3.1 Mexico Managed Security Services Market by Enterprise Size
9.3.2 Mexico Managed Security Services Market by Services
9.3.3 Mexico Managed Security Services Market by Security
9.3.4 Mexico Managed Security Services Market by Vertical
9.4 Rest of North America Managed Security Services Market
9.4.1 Rest of North America Managed Security Services Market by Enterprise Size
9.4.2 Rest of North America Managed Security Services Market by Services
9.4.3 Rest of North America Managed Security Services Market by Security
9.4.4 Rest of North America Managed Security Services Market by Vertical
Chapter 10. Company Profiles
10.1 IBM Corporation
10.1.1 Company Overview
10.1.2 Financial Analysis
10.1.3 Regional & Segmental Analysis
10.1.4 Research & Development Expenses
10.1.5 Recent strategies and developments:
10.1.5.1 Partnerships, Collaborations, and Agreements:
10.1.5.2 Product Launches and Product Expansions:
10.1.5.3 Acquisition and Mergers:
10.1.6 SWOT Analysis
10.2 Cisco Systems, Inc.
10.2.1 Company Overview
10.2.2 Financial Analysis
10.2.3 Regional Analysis
10.2.4 Research & Development Expense
10.2.5 Recent strategies and developments:
10.2.5.1 Partnerships, Collaborations, and Agreements:
10.2.5.2 Product Launches and Product Expansions:
10.2.5.3 Acquisition and Mergers:
10.2.6 SWOT Analysis
10.3 Broadcom, Inc. (Symantec Corporation)
10.3.1 Company Overview
10.3.2 Financial Analysis
10.3.3 Segmental and Regional Analysis
10.3.4 Research & Development Expense
10.3.5 Recent strategies and developments:
10.3.5.1 Partnerships, Collaborations, and Agreements:
10.3.5.2 Acquisition and Mergers:
10.3.6 SWOT Analysis
10.4 Check Point Software Technologies Ltd.
10.4.1 Company Overview
10.4.2 Financial Analysis
10.4.3 Regional Analysis
10.4.4 Research & Development Expenses
10.4.5 Recent strategies and developments:
10.4.5.1 Partnerships, Collaborations, and Agreements:
10.4.5.2 Product Launches and Product Expansions:
10.4.5.3 Acquisition and Mergers:
10.4.6 SWOT Analysis
10.5 Wipro Limited
10.5.1 Company Overview
10.5.2 Financial Analysis
10.5.3 Segmental and Regional Analysis
10.5.4 Research & Development Expenses
10.5.5 Recent strategies and developments:
10.5.5.1 Partnerships, Collaborations, and Agreements:
10.5.6 SWOT Analysis
10.6 Verizon Communications, Inc.
10.6.1 Company Overview
10.6.2 Financial Analysis
10.6.3 Segmental Analysis
10.6.4 Recent strategies and developments:
10.6.4.1 Partnerships, Collaborations, and Agreements:
10.6.5 SWOT Analysis
10.7 SecureWorks Corp. (Dell Technologies, Inc.)
10.7.1 Company Overview
10.7.2 Financial Analysis
10.7.3 Regional Analysis
10.7.4 Research & Development Expenses
10.7.5 Recent strategies and developments:
10.7.5.1 Product Launches and Product Expansions:
10.8 Accenture PLC
10.8.1 Company Overview
10.8.2 Financial Analysis
10.8.3 Segmental Analysis
10.8.4 Research & Development Expenses
10.8.5 Recent strategies and developments:
10.8.5.1 Partnerships, Collaborations, and Agreements:
10.8.5.2 Acquisition and Mergers:
10.8.6 SWOT Analysis
10.9 BT Group plc
10.9.1 Company Overview
10.9.2 Financial Analysis
10.9.3 Segmental and Regional Analysis
10.9.4 Research & Development Expenses
10.9.5 SWOT Analysis
10.10. SonicWall, Inc.
10.10.1 Company Overview
10.10.2 Recent strategies and developments:
10.10.2.1 Product Launches and Product Expansions:
10.10.2.2 Acquisition and Mergers:
10.10.3 SWOT Analysis
TABLE 1 North America Managed Security Services Market, 2020 - 2023, USD Million
TABLE 2 North America Managed Security Services Market, 2024 - 2031, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Managed Security Services Market
TABLE 4 Product Launches And Product Expansions– Managed Security Services Market
TABLE 5 Acquisition and Mergers– Managed Security Services Market
TABLE 6 North America Managed Security Services Market by Enterprise Size, 2020 - 2023, USD Million
TABLE 7 North America Managed Security Services Market by Enterprise Size, 2024 - 2031, USD Million
TABLE 8 North America Large enterprises Market by Region, 2020 - 2023, USD Million
TABLE 9 North America Large enterprises Market by Region, 2024 - 2031, USD Million
TABLE 10 North America SMEs Market by Region, 2020 - 2023, USD Million
TABLE 11 North America SMEs Market by Region, 2024 - 2031, USD Million
TABLE 12 North America Managed Security Services Market by Services, 2020 - 2023, USD Million
TABLE 13 North America Managed Security Services Market by Services, 2024 - 2031, USD Million
TABLE 14 North America Managed UTM Market by Country, 2020 - 2023, USD Million
TABLE 15 North America Managed UTM Market by Country, 2024 - 2031, USD Million
TABLE 16 North America Managed SIEM Market by Country, 2020 - 2023, USD Million
TABLE 17 North America Managed SIEM Market by Country, 2024 - 2031, USD Million
TABLE 18 North America Managed DDoS Market by Country, 2020 - 2023, USD Million
TABLE 19 North America Managed DDoS Market by Country, 2024 - 2031, USD Million
TABLE 20 North America Managed XDR Market by Country, 2020 - 2023, USD Million
TABLE 21 North America Managed XDR Market by Country, 2024 - 2031, USD Million
TABLE 22 North America Managed IAM Market by Country, 2020 - 2023, USD Million
TABLE 23 North America Managed IAM Market by Country, 2024 - 2031, USD Million
TABLE 24 North America Managed Risk & Compliance Market by Country, 2020 - 2023, USD Million
TABLE 25 North America Managed Risk & Compliance Market by Country, 2024 - 2031, USD Million
TABLE 26 North America Managed Security Services Market by Security, 2020 - 2023, USD Million
TABLE 27 North America Managed Security Services Market by Security, 2024 - 2031, USD Million
TABLE 28 North America Cloud Security Market by Country, 2020 - 2023, USD Million
TABLE 29 North America Cloud Security Market by Country, 2024 - 2031, USD Million
TABLE 30 North America Data Security Market by Country, 2020 - 2023, USD Million
TABLE 31 North America Data Security Market by Country, 2024 - 2031, USD Million
TABLE 32 North America End-point Security Market by Country, 2020 - 2023, USD Million
TABLE 33 North America End-point Security Market by Country, 2024 - 2031, USD Million
TABLE 34 North America Network Security Market by Country, 2020 - 2023, USD Million
TABLE 35 North America Network Security Market by Country, 2024 - 2031, USD Million
TABLE 36 North America Other Security Market by Country, 2020 - 2023, USD Million
TABLE 37 North America Other Security Market by Country, 2024 - 2031, USD Million
TABLE 38 North America Managed Security Services Market by Vertical, 2020 - 2023, USD Million
TABLE 39 North America Managed Security Services Market by Vertical, 2024 - 2031, USD Million
TABLE 40 North America BFSI Market by Country, 2020 - 2023, USD Million
TABLE 41 North America BFSI Market by Country, 2024 - 2031, USD Million
TABLE 42 North America Healthcare Market by Country, 2020 - 2023, USD Million
TABLE 43 North America Healthcare Market by Country, 2024 - 2031, USD Million
TABLE 44 North America Manufacturing Market by Country, 2020 - 2023, USD Million
TABLE 45 North America Manufacturing Market by Country, 2024 - 2031, USD Million
TABLE 46 North America IT & Telecommunications Market by Country, 2020 - 2023, USD Million
TABLE 47 North America IT & Telecommunications Market by Country, 2024 - 2031, USD Million
TABLE 48 North America Retail Market by Country, 2020 - 2023, USD Million
TABLE 49 North America Retail Market by Country, 2024 - 2031, USD Million
TABLE 50 North America Defense/Government Market by Country, 2020 - 2023, USD Million
TABLE 51 North America Defense/Government Market by Country, 2024 - 2031, USD Million
TABLE 52 North America Other Vertical Market by Country, 2020 - 2023, USD Million
TABLE 53 North America Other Vertical Market by Country, 2024 - 2031, USD Million
TABLE 54 North America Managed Security Services Market by Country, 2020 - 2023, USD Million
TABLE 55 North America Managed Security Services Market by Country, 2024 - 2031, USD Million
TABLE 56 US Managed Security Services Market, 2020 - 2023, USD Million
TABLE 57 US Managed Security Services Market, 2024 - 2031, USD Million
TABLE 58 US Managed Security Services Market by Enterprise Size, 2020 - 2023, USD Million
TABLE 59 US Managed Security Services Market by Enterprise Size, 2024 - 2031, USD Million
TABLE 60 US Managed Security Services Market by Services, 2020 - 2023, USD Million
TABLE 61 US Managed Security Services Market by Services, 2024 - 2031, USD Million
TABLE 62 US Managed Security Services Market by Security, 2020 - 2023, USD Million
TABLE 63 US Managed Security Services Market by Security, 2024 - 2031, USD Million
TABLE 64 US Managed Security Services Market by Vertical, 2020 - 2023, USD Million
TABLE 65 US Managed Security Services Market by Vertical, 2024 - 2031, USD Million
TABLE 66 Canada Managed Security Services Market, 2020 - 2023, USD Million
TABLE 67 Canada Managed Security Services Market, 2024 - 2031, USD Million
TABLE 68 Canada Managed Security Services Market by Enterprise Size, 2020 - 2023, USD Million
TABLE 69 Canada Managed Security Services Market by Enterprise Size, 2024 - 2031, USD Million
TABLE 70 Canada Managed Security Services Market by Services, 2020 - 2023, USD Million
TABLE 71 Canada Managed Security Services Market by Services, 2024 - 2031, USD Million
TABLE 72 Canada Managed Security Services Market by Security, 2020 - 2023, USD Million
TABLE 73 Canada Managed Security Services Market by Security, 2024 - 2031, USD Million
TABLE 74 Canada Managed Security Services Market by Vertical, 2020 - 2023, USD Million
TABLE 75 Canada Managed Security Services Market by Vertical, 2024 - 2031, USD Million
TABLE 76 Mexico Managed Security Services Market, 2020 - 2023, USD Million
TABLE 77 Mexico Managed Security Services Market, 2024 - 2031, USD Million
TABLE 78 Mexico Managed Security Services Market by Enterprise Size, 2020 - 2023, USD Million
TABLE 79 Mexico Managed Security Services Market by Enterprise Size, 2024 - 2031, USD Million
TABLE 80 Mexico Managed Security Services Market by Services, 2020 - 2023, USD Million
TABLE 81 Mexico Managed Security Services Market by Services, 2024 - 2031, USD Million
TABLE 82 Mexico Managed Security Services Market by Security, 2020 - 2023, USD Million
TABLE 83 Mexico Managed Security Services Market by Security, 2024 - 2031, USD Million
TABLE 84 Mexico Managed Security Services Market by Vertical, 2020 - 2023, USD Million
TABLE 85 Mexico Managed Security Services Market by Vertical, 2024 - 2031, USD Million
TABLE 86 Rest of North America Managed Security Services Market, 2020 - 2023, USD Million
TABLE 87 Rest of North America Managed Security Services Market, 2024 - 2031, USD Million
TABLE 88 Rest of North America Managed Security Services Market by Enterprise Size, 2020 - 2023, USD Million
TABLE 89 Rest of North America Managed Security Services Market by Enterprise Size, 2024 - 2031, USD Million
TABLE 90 Rest of North America Managed Security Services Market by Services, 2020 - 2023, USD Million
TABLE 91 Rest of North America Managed Security Services Market by Services, 2024 - 2031, USD Million
TABLE 92 Rest of North America Managed Security Services Market by Security, 2020 - 2023, USD Million
TABLE 93 Rest of North America Managed Security Services Market by Security, 2024 - 2031, USD Million
TABLE 94 Rest of North America Managed Security Services Market by Vertical, 2020 - 2023, USD Million
TABLE 95 Rest of North America Managed Security Services Market by Vertical, 2024 - 2031, USD Million
TABLE 96 Key Information – IBM Corporation
TABLE 97 Key Information – Cisco Systems, Inc.
TABLE 98 Key Information – Broadcom, Inc.
TABLE 99 Key Information – Check Point Software Technologies Ltd.
TABLE 100 Key Information – Wipro Limited
TABLE 101 key information – Verizon Communications, Inc.
TABLE 102 Key Information – SecureWorks Corp.
TABLE 103 Key Information – Accenture PLC
TABLE 104 Key Information – BT Group plc
TABLE 105 Key Information – sonicwall, inc
List of Figures
FIG 1 Methodology for the research
FIG 2 North America Managed Security Services Market, 2020 - 2031, USD Million
FIG 3 Key Factors Impacting Managed Security Services Market
FIG 4 KBV Cardinal Matrix
FIG 5 Market Share Analysis, 2023
FIG 6 Key Leading Strategies: Percentage Distribution (2020-2024)
FIG 7 Key Strategic Move: (Partnerships, Collaborations and Agreements: 2021, Sep – 2024, Sep) Leading Players
FIG 8 Porter’s Five Forces Analysis –Managed Security Services Market
FIG 9 North America Managed Security Services Market share by Enterprise Size, 2023
FIG 10 North America Managed Security Services Market share by Enterprise Size, 2031
FIG 11 North America Managed Security Services Market by Enterprise Size, 2020 - 2031, USD Million
FIG 12 North America Managed Security Services Market share by Services, 2023
FIG 13 North America Managed Security Services Market share by Services, 2031
FIG 14 North America Managed Security Services Market by Services, 2020 - 2031, USD Million
FIG 15 North America Managed Security Services Market share by Security, 2023
FIG 16 North America Managed Security Services Market share by Security, 2031
FIG 17 North America Managed Security Services Market by Security, 2020 - 2031, USD Million
FIG 18 North America Managed Security Services Market share by Vertical, 2023
FIG 19 North America Managed Security Services Market share by Vertical, 2031
FIG 20 North America Managed Security Services Market by Vertical, 2020 - 2031, USD Million
FIG 21 North America Managed Security Services Market share by Country, 2023
FIG 22 North America Managed Security Services Market share by Country, 2031
FIG 23 North America Managed Security Services Market by Country, 2020 - 2031, USD Million
FIG 24 Recent strategies and developments: IBM Corporation
FIG 25 SWOT Analysis: IBM Corporation
FIG 26 Recent strategies and developments: Cisco Systems, Inc.
FIG 27 SWOT Analysis: Cisco Systems, Inc.
FIG 28 Recent strategies and developments: Broadcom, Inc.
FIG 29 SWOT Analysis: Broadcom, Inc.
FIG 30 Recent strategies and developments: Check Point Software Technologies Ltd.
FIG 31 SWOT Analysis: CHECK POINT SOFTWARE TECHNOLOGIES LTD.
FIG 32 SWOT Analysis: Wipro Limited
FIG 33 SWOT Analysis: Verizon Communications, Inc.
FIG 34 Recent strategies and developments: Accenture PLC
FIG 35 SWOT Analysis: Accenture PLC
FIG 36 Swot Analysis: BT Group plc
FIG 37 Recent strategies and developments: SonicWall, Inc.
FIG 38 SWOT Analysis: SonicWall, Inc.