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The cybersecurity managed services market is forecast to grow by 15% in 2024, according to the latest Canalys estimates . Our comprehensive report delves into the factors driving this expansion, including increased demand for robust security measures and the evolving Managed Service Provider (MSP) model amid continuous mergers and acquisitions.
Highlighting recent disruptions like the global Microsoft/Crowdstrike outage, our analysis examines the implications for enterprise spending patterns and the broader MSP ecosystem. Understand the ‘platform battles’ in enterprise and SMB sectors, and how major players like Palo Alto Networks, Fortinet, and Google are shaping the market. The report critically assesses the risks of vendor concentration and discusses strategic measures companies are implementing to mitigate these risks, including diversification and enhanced risk management practices.
Examine the transition towards more comprehensive service offerings that extend beyond traditional endpoint management to include consulting and advanced frameworks like Managed Detection and Response (MDR) and Extended Detection and Response (XDR). The report details how new and evolving partnerships are critical to addressing enterprises' complex security needs.
The report addresses the risks associated with vendor concentration and the strategic moves by companies to mitigate these risks through diversified investments and enhanced risk management strategies. Canalys also discusses the responsibilities of vendors and partners in managing breaches and the importance of maintaining stringent service agreements to ensure compliance and accountability.
The report also explores how AI is transforming managed services from its hyped beginnings to practical, value-driven applications. Canalys provides insights into AI’s role in automating service delivery and enhancing cybersecurity, along with real-world applications and the future potential for MSPs.
Companies mentioned: Atera, Cisco, ConnectWise, CrowdStrike, Datto, Fortinet, Google, Kaseya, Microsoft, N-able, NinjaOne, Palo Alto Networks, TeamViewer SentinelOne, SonicWall, Syncro, WatchGuard
Aimed at technology vendors, channel partners, enterprise IT decision-makers, and the financial community, this report offers indispensable insights for navigating the complex landscape of cybersecurity managed services, providing strategic recommendations for stakeholders at every level of the cybersecurity ecosystem.
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Gain comprehensive insights into the future of cybersecurity managed services by accessing the full report. This detailed analysis provides in-depth examinations, market projections, strategic recommendations, and much more.
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