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Growth Opportunities in the Americas Managed Security Services Space, 2024 2026
Growth Opportunities in the Americas Managed Security Services Space, 2024 2026
Security Service Diversification and Target Customer Expansion to Address an Increasingly Complex Geopolitical Context
29-Apr-2024
North America
Market Research
Description
The Americas managed security services industry continues to grow steadily, despite its maturity. Current strategic imperatives, global trends, and organizational needs continue to provide excellent conditions for MSSPs to succeed. These factors include the shortage of cybersecurity personnel, the rapid evolution of the threat landscape, the increased costs of cyber incidents, the ubiquity of hybrid and multicloud environments that are harder to effectively secure, and the escalation of the geopolitical conflicts. MSSPs provide their own teams of cybersecurity experts and a wide portfolio of advanced security tools to address even the most varied use cases, and help organizations increase their cyber resilience, improve their security maturity, and implement the most complex cybersecurity strategies or deployments.
Leading MSSPs have developed their own security operations platforms to rival MDR providers and fight for their share of the fiercely competitive managed security services market. They have improved and extended their portfolios with advanced security services, assessments, consulting engagements, and more to support organizations at every stage of their security maturity journey. North America and Latin America are regions with different needs, and while their security awareness and service adoption levels vary significantly, security providers will have to find ways of delivering what organizations need.
With more than 200 competitors and revenue exceeding $14 billion across the Americas, managed security services is a behemoth of the cybersecurity industry.
Author: Lucas Ferreyra
Table of Contents
Why is it Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on the Americas Managed Security Services Industry
Definitions and Overview
Scope of Analysis
Competitive Environment
Key Competitors
Commonly Used Cybersecurity Terms
Commonly Used Cybersecurity Terms (continued)
Growth Metrics
Growth Drivers
Growth Restraints
Forecast Considerations
Revenue Forecast
Revenue Forecast by Region
Revenue Forecast by Industry Vertical
Revenue Forecast by Company Size
Revenue Forecast Analysis
Revenue Forecast Analysis (continued)
Pricing Trends and Forecast Analysis
Types of MSSPs and Projected Revenue Share
Revenue Share Analysis
Growth Metrics
Revenue Forecast
Revenue Forecast Analysis
Growth Metrics
Revenue Forecast
Revenue Forecast Analysis
Growth Opportunity 1: Improving the Functionality of Security Operations Platforms
Growth Opportunity 1: Improving the Functionality of Security Operations Platforms (continued)
Growth Opportunity 2: Cyber Awareness
Growth Opportunity 2: Cyber Awareness (continued)
Growth Opportunity 3: Vertical-Specific Security Products and Services
Growth Opportunity 3: Vertical-Specific Security Products and Services (continued)
Growth Opportunity 4: Offering the Right Mix of Managed and Professional Security Services
Growth Opportunity 4: Offering the Right Mix of Managed and Professional Security Services (continued)
Growth Opportunity 5: Latin American Expansion
Growth Opportunity 5: Latin American Expansion (continued)
Things to Consider Before Choosing to Partner with an MSSP
Trends for MSS in the Americas throughout 2024
MSSPs and Security Maturity
Budget and Return on Investment
The Role of Providers in Cybersecurity
Security Service Solutions in Use
Security Maturity is More Than Technology, Tools, and Controls
Best Practices Recognition
Frost Radar
Benefits and Impacts of Growth Opportunities
Next Steps
Take the Next Step
List of Exhibits
Legal Disclaimer
Popular Topics
| Deliverable Type | Market Research |
|---|---|
| Author | Lucas Ferreyra |
| Industries | Aerospace, Defence and Security |
| No Index | No |
| Is Prebook | No |
| Podcast | No |
| Predecessor | K7ED-01-00-00-00 |
| WIP Number | K994-01-00-00-00 |