Global Security Services Market 2025-2029

Security Services Market 2025-2029

The security services market is forecasted to grow by USD 51.1 bn during 2024-2029, accelerating at a CAGR of 5.6% during the forecast period. The report on the security services market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increase in data thefts globally, increasing it security budget, and regulatory requirements encouraging use of security solutions.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.

Technavio's security services market is segmented as below:

By Type

• SaaS security services
• Managed security services
• Security consulting services
• Threat intelligence security services

By Application

• BFSI
• Healthcare
• IT and telecom
• Others

By Deployment

• Services
• Software

By Geographical Landscape

• North America
• Europe
• APAC
• South America
• Middle East and Africa

This study identifies the intergration of ai and ml in security services as one of the prime reasons driving the security services market growth during the next few years. Also, rise in adoption of idaas and rising adoption of cloud-based security solutions will lead to sizable demand in the market.

The report on the security services market covers the following areas:

• Security Services Market sizing
• Security Services Market forecast
• Security Services Market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading security services market vendors that include Accenture PLC, ARCON, Barracuda Networks Inc., Broadcom Inc., BT Group Plc, Cisco Systems Inc., Dell Technologies Inc., Deloitte Touche Tohmatsu Ltd., Fortinet Inc., Gen Digital Inc., Ilantus Inc., International Business Machines Corp., Kyndryl Inc., McAfee LLC, Open Text Corp., Palo Alto Networks Inc., Proofpoint, and Zscaler Inc.. Also, the security services market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.