Cyber Security Services Market Trends, Analysis and Forecast 2022 - 2029

 

In 2021, the managed cyber security services market was estimated to be worth USD 12.52 billion. The market is anticipated to expand at a CAGR of 9.7% from 2022 to 2029, rising from USD 13.52 billion to USD 25.77 billion. The COVID-19 pandemic has had an unprecedented and staggering impact on the world, and demand for managed cyber security services has exceeded expectations in all regions compared to pre-pandemic levels. According to our data, the global market grew moderately in 2020 compared to 2019.

We have taken into account the managed cyber security services offered by significant players like BDO Global, Secureworks, Inc., Atos SE, Wipro, IBM Corporation, and Thrive.

Managed security service companies have established themselves as effective options for businesses, helping to safeguard networks, vital e-mails, and corporate online assets. When a result, as businesses raise their investment in network protection, managed security services gain appeal among enterprises of all sizes. Additionally, consumers can secure their data with the help of service providers' dependable, efficient, and affordable managed security solutions. Businesses that use managed security service providers get access to affordable, dependable, and effective security solutions that support the protection of their sensitive data and, therefore, of their operations.

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