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The global Managed Security Services market is poised for remarkable growth as organizations increasingly prioritize cybersecurity to mitigate threats and safeguard sensitive data.
According to Kings Research, the MSS market is witnessing significant expansion, driven by rising cybercrime incidents, stringent regulatory requirements, and the growing adoption of advanced technologies such as artificial intelligence and machine learning in security frameworks. Market Overview Managed Security Services encompass outsourced solutions provided by third-party organizations to monitor, manage, and safeguard an enterprise's IT infrastructure and data from potential security threats. These services include but are not limited to firewall management, intrusion detection systems, vulnerability management, endpoint protection, and security event monitoring. With the proliferation of cloud computing, IoT devices, and remote work setups, the demand for robust and scalable MSS solutions has escalated globally. Global Managed Security Services Market size was recorded at USD 32.56 billion in 2023, which is estimated to be valued at USD 35.94 billion in 2024 and is projected to reach USD 79.14 billion by 2031, growing at a CAGR of 11.94% from 2024 to 2031.
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