Product Code: GVR-4-68040-163-8
Security Services Market Growth & Trends:
The global security services market size is expected to reach USD 212.36 billion by 2030, growing at a CAGR of 6.2% from 2023 to 2030, according to a new report by Grand View Research, Inc. Globalization has become an important driver behind security concerns. For instance, increasing international trade encourages more passenger and freight travel. The expansion of air, rail, road, and maritime transportation raises the possibility of security lapses that lead to robberies and organized smuggling, which encourages governments to strengthen cross-border surveillance. Growing immigration activities reduces a nation's capacity to thwart covert threats and, in certain situations, increases the sense of fear among local populations.
The growing internationalization of production activities has seen communications and supply chains become increasingly global, specialized, and fragmented, giving rise to vulnerabilities. At the same time, businesses and governments are seeking ways of conducting their operations more efficiently and managing security more cost-effectively. Subsequently, boosting the market growth. The rising cybercrime activities in both developed and emerging nations have raised concerns for companies. Governments and other large enterprises are attempting to close the gap between the amount of money spent on cybersecurity systems and the best outcome possible with the threat artifacts gathered to lessen or neutralize emerging threats.
The applicability and usefulness of intelligence have led organizations to integrate contextual information and data points to determine relevant threats to the business and thus provide actionable strategies towards the same. As cyberattacks are becoming more sophisticated, cybercriminals are abusing network security and getting privileged access all around the world. In addition, the fact that the attackers are operating as a genuine group that is expected to grow in scope raises concerns about attacks on industries, including BFSI, government, healthcare, and others. The factors mentioned earlier have led to growing security awareness and are thus resulting in higher spending on threat intelligence solutions with an aim to combat or mitigate risk to the organization.
Security Services Market Report Highlights:
- The managed security services (MSS) segment held a significant revenue share of 32.4% in 2022
- MSS capabilities include exposure assessment, detection & response, security monitoring, and operational services specific to security technology implementation & consulting. MSS providers offer a wide range of engagement models with technology-based management-driven experience
- Threat intelligence security services is projected to register a CAGR of 9.5% from 2023 to 2030
- The BFSI segment is expected to register the highest CAGR of 24.2% from 2023 to 2030. Revenues obtained by companies offering cloud security, biometric technologies, and endpoint detection & response to the BFSI sector make up the security services industry
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Research Methodology
- 1.2.1. Information Procurement
- 1.3. Information or Data Analysis
- 1.4. Methodology
- 1.5. Research Scope and Assumptions
- 1.6. Market Formulation & Validation
- 1.7. Country Based Segment Share Calculation
- 1.8. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. Security Services Market Variables, Trends, & Scope
- 3.1. Market Lineage Outlook
- 3.2. Market Dynamics
- 3.2.1. Market Driver Analysis
- 3.2.2. Market Restraint Analysis
- 3.2.3. Industry Challenge
- 3.3. Security Services Market Analysis Tools
- 3.3.1. Industry Analysis - Porter's
- 3.3.1.1. Bargaining power of the suppliers
- 3.3.1.2. Bargaining power of the buyers
- 3.3.1.3. Threats of substitution
- 3.3.1.4. Threats from new entrants
- 3.3.1.5. Competitive rivalry
- 3.3.2. PESTEL Analysis
- 3.3.2.1. Political landscape
- 3.3.2.2. Economic and Social landscape
- 3.3.2.3. Technological landscape
- 3.4. Pain Point Analysis
Chapter 4. Security Services Market: Type Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Security Services Market: Type Movement Analysis, USD Billion, 2022 & 2030
- 4.3. Managed Security Services
- 4.3.1. Managed Security Services Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 4.4. Security Consulting Services
- 4.4.1. Security Consulting Services Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 4.5. SaaS Security Services
- 4.5.1. SaaS Security Services Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 4.6. Threat Intelligence Security Services
- 4.6.1. Threat Intelligence Security Services Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 4.7. Others
- 4.7.1. Others Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
Chapter 5. Security Services Market: Application Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Security Services Market: Application Movement Analysis, USD Billion, 2022 & 2030
- 5.3. BFSI
- 5.3.1. BFSI security Services Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 5.4. Government & Defense
- 5.4.1. Government & Defense Security Services Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 5.5. IT & Telecommunication
- 5.5.1. IT & Telecommunication Security Services Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 5.6. Healthcare
- 5.6.1. Healthcare Security Services Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 5.7. Energy & Utilities
- 5.7.1. Energy & Utilities Security Services Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 5.8. Manufacturing
- 5.8.1. Manufacturing Security Services Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 5.9. Retail
- 5.9.1. Retail Security Services Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 5.10. Others
- 5.10.1. Others Security Services Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
Chapter 6. Security Services Market: Regional Estimates & Trend Analysis
- 6.1. Security Services Market Share, By Region, 2022 & 2030, USD Billion
- 6.2. North America
- 6.2.1. North America Security Services Market Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 6.2.2. U.S.
- 6.2.2.1. U.S. Security Services Market Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 6.2.3. Canada
- 6.2.3.1. Canada Security Services Market Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 6.3. Europe
- 6.3.1. Europe Security Services Market Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 6.3.2. UK
- 6.3.2.1. UK Security Services Market Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 6.3.3. Germany
- 6.3.3.1. Germany Security Services Market Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 6.3.4. France
- 6.3.4.1. France Security Services Market Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 6.4. Asia Pacific
- 6.4.1. Asia Pacific Security Services Market Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 6.4.2. China
- 6.4.2.1. China Security Services Market Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 6.4.3. Japan
- 6.4.3.1. Japan Security Services Market Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 6.4.4. India
- 6.4.4.1. India Security Services Market Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 6.4.5. South Korea
- 6.4.5.1. South Korea Security Services Market Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 6.4.6. Australia
- 6.4.6.1. Australia Security Services Market Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 6.5. Latin America
- 6.5.1. Latin America Security Services Market Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 6.5.2. Brazil
- 6.5.2.1. Brazil Security Services Market Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 6.5.3. Mexico
- 6.5.3.1. Mexico Security Services Market Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 6.6. Middle East and Africa
- 6.6.1. Middle East and Africa Security Services Market Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 6.6.2. South Africa
- 6.6.2.1. South Africa Security Services Market Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 6.6.3. Saudi Arabia
- 6.6.3.1. Saudi Arabia Security Services Market Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 6.6.4. UAE
- 6.6.4.1. UAE Security Services Market Estimates and Forecasts, 2017 - 2030 (USD Billion)
Chapter 7. Competitive Landscape
- 7.1. Company Categorization
- 7.2. Company Market Positioning
- 7.3. Participant's Overview
- 7.4. Financial Performance
- 7.5. Product Benchmarking
- 7.6. Company Heat Map Analysis
- 7.7. Strategy Mapping
- 7.8. Company Profiles/Listing
- 7.8.1. Symantec Corporation
- 7.8.2. IBM
- 7.8.3. Accenture
- 7.8.4. Dell Inc.
- 7.8.5. Cisco Systems, Inc.
- 7.8.6. Check Point Software Technologies Ltd.
- 7.8.7. Microsoft corporation
- 7.8.8. Raytheon
- 7.8.9. Trellix
- 7.8.10. Capgemini
- 7.8.11. Fortinet, Inc.
- 7.8.12. Fujitsu