Managed Security Services Market Strategies, Growth, Analysis, and Forecast by 2031

The managed security services market size is projected to reach US$ 67.93 billion by 2031 from US$ 29.16 billion in 2023. The market is expected to register a CAGR of 11.2% during 2023–2031. The growing demand for next-generation security services and increasing demand for end-to-end security are likely to remain key trends in the market.

Information and data have become the two most important pillars for any business in the current times. Security of the same has also become the topmost priority for enterprises. This is increasing the demand for solutions such as threat management, vulnerability management, log management, security information & event management (SIEM), and compliance management. Intrusion detection systems (IDS) and intrusion prevention systems are two of the most important tools in information security.

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