Poke around the managed security services provider (MSSP) market, and service catalogs can vary greatly from one MSSP to the next MSSP.
Still, there are there some common traits across MSSPs -- especially those that support enterprise-class customers, according to Gartner's 2022 Market Guide for Managed Security Services. Poke into the guide, and you'll find three types of services (Security Operations, Technology Maintenance and Consultancy Capabilities) as a common starting point for MSSP service catalogs.
Dig a little deeper, and Gartner organizes eight very common managed security services this way:
A. Security Operations
- 1. Managed Detection & Response
- 2. Security Threat Intelligence Services
- 3. Exposure Management
- 4. Co-Managed Detection
B. Technology Maintenance
- 5. Security Technology Maintenance and Management
C. Consultancy Services
- 6. Security Assessments
- 7. Digital Forensics and Incident Response
- 8. SOC Build and Staff Augmentation
In some cases, the services span multiple categories. For instance, co-managed detection (item 4) extends from Security Operations (B) to Technology Maintenance (C), Gartner indicates.
MSSP Market Forecast
The global Managed Security Services market is projected to grow from US$31.6 billion in 2020 to US$46.4 billion by 2025. That’s a compound annual growth rate (CAGR) of 8.0% during the forecast period, according to Markets and Markets.
The forecast is less ambitious than most of the data MSSP Alert has seen. Our general view is the MSSP market will grow roughly 12 percent to 15 percent annually through 2025. Near term, the Top 250 MSSPs are expected to grow roughly 15 percent from 2019 through the end of 2020, according to our research findings published in September 2020.
Meanwhile, the more traditional managed IT services provider (MSP) market serving SMB customers will grow roughly 8 to 10 percent annually, MSSP Alert sister site ChannelE2E believes.