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North America Managed Security Services Market Size, Share & Trends Analysis Report By Enterprise Size (Large enterprises, and SMEs), By Services, By Security, By Vertical, By Country and Growth Forecast, 2024 - 2031

Publisher Knowledge Based Value (KBV) Research
Published Oct 29, 2024
Length 152 Pages
SKU # KBV19301151

Description

North America Managed Security Services Market Size, Share & Trends Analysis Report By Enterprise Size (Large enterprises, and SMEs), By Services, By Security, By Vertical, By Country and Growth Forecast, 2024 - 2031


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.

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
  • Large enterprises
  • SMEs
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

Table of Contents

152 Pages
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

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