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Managed Security Services Market Forecast to Exceed USD 101.86 Billion by 2031 Due to Escalating Security Concerns | SkyQuest Technology

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WESTFORD, Mass., July 4, 2024 /PRNewswire/ — According to SkyQuest, the global Managed Security Services Market size was valued at USD 26.89 billion in 2022 and is poised to grow from USD 31.18 billion in 2023 to USD 101.86 billion by 2031, growing at a CAGR of 15.95% during the forecast period (2024-2031).

The global managed security services market has been growing rapidly, over the last couple of years, due to the increasing security threats or risks and increasing challenges in managing security over IT networks. It’s impossible to ignore the fact that small businesses face relentless cyberattacks, including malware, ransomware, advanced threats, advanced persistent threats, and data breaches, leading to remote and hybrid operations systems.

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Managed Security Services Market Overview:

Report Coverage

Details

Market Revenue in 2023

USD 31.18 billion

Estimated Value by 2031

USD 101.86 billion

Growth Rate

Poised to grow at a CAGR of 15.95%

Forecast Period

2024–2031

Forecast Units

Value (USD Billion)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

Service Type, Type, Organization Size, Security, Type and Industry Vertical

Geographies Covered

North America, Europe, Asia Pacific, and the Rest of the world

Report Highlights

Updated financial information / product portfolio of players

Key Market Opportunities

Surge in Demand for Managed Detection and Response (MDR) Service

Key Market Drivers

Cyber Threats are Growing Complex 

Segments covered in Managed Security Services Market are as follows:

Service TypeManaged IAM, managed vulnerability management, managed risk and compliance, managed detection and response, managed firewall, and managed SIEM and log management, othersTypeFully managed, co-managedOrganization SizeSmall and medium-sized enterprises, Large enterprisesSecurity TypeNetwork security, cloud security, endpoint security, application security, othersIndustry VerticalBFSI, government, healthcare & life sciences, telecommunications, IT and ITeS, Retail and eCommerce, energy and utilities, manufacturing, and other verticals

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Rapid Responders: Incident Response Services

Managed detection and response are the large segment in the managed security services market. Managed detection-response services provide continuous improvement, threat detection, and response capabilities critical to today’s enterprises facing sophisticated cyber threats. This segment is characterized by the increasing prevalence and importance of cyberattacks advanced threat detection and response strategies beyond traditional security measures. The ability of the MDR service to provide comprehensive analysis of security incidents and take corrective action quickly is essential to minimize potential damage and ensure business continuity.

Managed identity and access management is the fastest growing segment in the market. The rising growth in this sector is driven by the need for robust stakeholder solutions in an era of digital transformation and remote collaboration. The rise of cyber threats and increasing regulatory requirements for data security and privacy and the main drivers of this segment.

Data Guardians: Data Protection Services

The global market recognizes the dominant position of the entire service management segment. This dominance is largely due to the scope of this role, in which companies assume full responsibility for an organization’s security programs from security providers, especially those without in-house security expertise or resources. These roles cover a wide range of security measures, including threat identification, incident response, compliance management and continuous monitoring. Adoption rates are also driven by the increasing complexity of cyber threats, which require a strong, 24/7 monitored security measure that only specialized providers can provide further strengthening its position as the largest market share.

In addition to the dominance of fully managed services, the advanced management segment is growing the fastest in the global market. This increase is driven by hybrid security models that offer a collaborative approach between internal IT teams and external security providers.

View report summary and Table of Contents (TOC):

https://www.skyquestt.com/report/managed-security-services-market

Safeguarding Tomorrow’s Digital Frontiers

As businesses and organizations take on the cyber panorama in terms of severe, MSS vendors remain vigilant guards, the use of advanced era and professional insights. Managed Security Services (MSS) have emerged as the cornerstone of present-day cybersecurity strategies, presenting strong protection in opposition to threats in a more and more digital international.

Related Report:

Cyber Security Market

Network Security Market

Endpoint Security Market

Cloud Security Market

Application Security Market

About Us:

SkyQuest is an IP focused Research and Investment Bank and Accelerator of Technology and assets. We provide access to technologies, markets and finance across sectors viz. Life Sciences, CleanTech, AgriTech, NanoTech and Information & Communication Technology.

We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization has expanded our reach across North America, Europe, ASEAN and Asia Pacific.

Contact:
Mr. Jagraj Singh
Skyquest Technology
1 Apache Way,
Westford,
Massachusetts 01886
USA (+1) 351-333-4748
Email: sales@skyquestt.com
Visit Our Website: https://www.skyquestt.com/

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BMO Named Best Bank in North America, Western U.S. and Transaction Banking in North America by Global Finance

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Recognition highlights BMO’s investment in artificial intelligence, digital innovation and client experience 

TORONTO and CHICAGO and SAN FRANCISCO, June 18, 2026 /CNW/ – BMO today announced it has been recognized by Global Finance with three top honours: Best Bank in North America, Best Bank in the Western United States, and Best Bank for Transaction Banking in North America, spanning the publication’s World’s Best Banks and Treasury & Cash Management Awards programmes.

The recognition reflects BMO’s strength across its North American platform and continued momentum in key markets, as well as its leadership in treasury management, digital payments, artificial intelligence and liquidity solutions.

Together, the awards underscore BMO’s progress in scaling digital capabilities, advancing AI across its operations, and deepening client relationships to deliver more connected, innovative and client-focused banking experiences.

“Team BMO is focused on helping our clients make real financial progress with expert advice, innovative products and services, and world-class experiences,” said Darryl White, CEO, BMO Financial Group. “By integrating AI across our business, we’re personalizing client experiences, augmenting our teams with deeper insights, and automating how we deliver simpler, more proactive support – this recognition reflects our client commitment, the strength of our North American platform, and disciplined execution of our strategy.”

The Global Finance World’s Best Banks awards recognize financial institutions that demonstrate strong financial performance, strategic growth, and innovation in products and services.

“Being named Best Bank in the Western U.S. speaks to the momentum we’re building in key markets and the way our teams are showing up for clients every day,” said Darrel Hackett, U.S. CEO, BMO. “We’re focused on making banking more simple, connected and personal by combining strong local relationships with the scale and capabilities of a leading U.S. bank.”

Across North America, BMO continues to invest in technology and innovation to enhance the client experience – expanding digital capabilities and embedding AI across client engagement, risk management and operations. These investments are driving faster decisions, deeper insights and more connected financial services.

“We’re proud to be recognized for our leadership in transaction banking across North America. Our focus is clear – deliver smarter, faster and more connected treasury and payment solutions for clients,” said Sharon Haward-Laird, Group Head, Canadian Commercial Banking & North American Integrated Solutions, BMO. “By combining innovation, data and AI, we’re helping clients manage liquidity and drive their businesses forward.”

BMO has earned global recognition for AI talent development, reflecting its enterprise-wide approach to building and scaling advanced capabilities. With AI adoption exceeding 96% across employees and intelligent agents supporting frontline and operational teams, AI is embedded across the bank’s businesses. Guided by strong Responsible AI governance, BMO continues to advance AI and quantum innovation through the BMO Institute for Applied AI and Quantum – personalizing client experiences, augmenting teams and automating operations at scale.

To learn more about BMO’s AI and digital-first strategy, please visit: https://www.bmo.com/en-ca/main/about-bmo/our-impact/clients/technology-innovation/.

About BMO Financial Group
BMO Financial Group is the eighth largest bank in North America by assets, with total assets of $1.5 trillion as of April 30, 2026. Serving clients for more than 200 years, BMO provides a broad range of personal and commercial banking, wealth management, global markets and investment banking products and services across Canada, the United States, and select markets globally. BMO is innovating for business value, by deploying and integrating human, digital and artificial intelligence to personalize client experiences, augment teams, and automate its business responsibly. Driven by its purpose, to Boldly Grow the Good in business and life, BMO is committed to driving positive change in the world, and making progress for a thriving economy, sustainable future, and stronger communities.

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SOURCE BMO Financial Group – Communications

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HawkEye 360 Announces New Leadership for Innovative Signal Analysis

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HERNDON, Va., June 18, 2026 /PRNewswire/ — HawkEye 360, Inc. (NYSE: HAWK), the global leader in signals intelligence data and analytics, today announced leadership changes within Innovative Signal Analysis (ISA), now part of HawkEye 360, appointing Cory Peichel as Senior Vice President and General Manager of HawkEye–ISA and Mark Volpi as Vice President and Deputy General Manager.

Cory will serve as the executive leader, responsible for end‑to‑end business performance. Reporting directly to the Chief Operating Officer of HawkEye 360, he will guide mission delivery excellence and serve as the senior customer‑facing executive for HawkEye–ISA. He will also lead the business sectors and functional disciplines responsible for delivering solutions and capabilities to address customer requirements and ensure disciplined execution across all portfolios.

Mark will serve as the deputy, supporting all aspects of strategic execution, operational performance, and customer engagement. His role will reinforce leadership continuity and strengthen alignment across the organization.

Both leaders bring significant technical expertise, deep knowledge of ISA’s mission, and a strong track record across the defense and intelligence community. They played key roles in integrating ISA with HawkEye 360 and have helped guide the organization through its transition to becoming a new public company with HawkEye 360’s IPO in May. Their practical leadership and customer‑focused approach continue to support how our teams adapt and work together in this new phase of growth.

“This leadership transition strengthens our commitment to delivering sophisticated, timely, and high‑confidence analytics to our defense, intelligence, and national security partners,” said Todd Probert, Chief Operating Officer of HawkEye 360. “Cory and Mark’s technical insight, operational discipline, and long‑standing mission focus position HawkEye–ISA for continued growth. Their leadership will help accelerate innovation and expand the value we deliver through advanced analytics and RF data solutions.”

The enhanced leadership structure reinforces HawkEye 360’s dedication to supporting critical national security missions, expanding advanced analytic capabilities, and delivering faster, more accurate insights that empower customers with the information advantage needed to address emerging threats.

We extend our sincere appreciation to ISA’s Founders, Stacy Kniffen and David Stevens, for their leadership and dedication to the defense and intelligence mission. We are grateful that they will continue to support the organization and the commitments we have made to provide world-class solutions to our customers.

About HawkEye 360
HawkEye 360 is equipping defense, intelligence, and national security leaders with mission-critical electronic warfare to enable faster, better decision-making. By detecting, geolocating, and characterizing radio-frequency emissions worldwide, HawkEye 360 delivers trusted domain awareness and early-warning indicators to the US Government and allied partners. Our space-based collection, proprietary signal processing, and AI-powered analytics transform knowledge of RF spectrum into a strategic advantage. Proven by operational mission success, HawkEye 360 is redefining how signals intelligence strengthens national and global security.

Forward-Looking Statements

This press release includes forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release, other than statements of historical fact, are forward-looking statements and represent the Company’s views as of the date of this press release. The words “will,” “expects,” “plans,” “could,” “would,” “believes,” “anticipates,” “intends,” “may,” “continue,” “estimate,” or similar expressions are intended to identify forward-looking statements. The Company has based these forward-looking statements on its current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy, short-term and long-term business operations and objectives and financial needs. These forward-looking statements are subject to a number of assumptions and risks and uncertainties, many of which involve factors or circumstances that are beyond the Company’s control that could affect its financial results. These risks and uncertainties are detailed in the sections titled “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in the Company’s final prospectus related to its initial public offering, dated May 6, 2026, and other filings that the Company makes from time to time with the SEC, which are available on the SEC’s website at sec.gov. Moreover, the Company operates in a very competitive and rapidly changing environment. New risks emerge from time to time. It is not possible for management to predict all risks, nor can the Company assess the impact of all factors on its business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements the Company may make. In light of these risks, uncertainties and assumptions, the future events and trends discussed in this press release may not occur and actual results could differ materially and adversely from those anticipated or implied in any forward-looking statements. Except as required by law, the Company is under no obligation to update these forward-looking statements subsequent to the date of this press release, or to update the reasons if actual results differ materially from those anticipated in the forward-looking statements.

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SOURCE HawkEye 360 Inc.

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The Andersons, Inc. Declares Cash Dividend for Third Quarter 2026

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MAUMEE, Ohio, June 18, 2026 /PRNewswire/ — The Andersons, Inc. (Nasdaq: ANDE) announces a third quarter 2026 cash dividend of 20 cents ($0.20) per share payable on July 22, 2026, to shareholders of record as of July 01, 2026.

This is The Andersons 119th consecutive quarterly cash dividend since listing on the Nasdaq in February 1996.

About The Andersons, Inc.

The Andersons, Inc., is a North American agriculture and renewable fuels company. Guided by its Statement of Principles, The Andersons is committed to providing extraordinary service to its customers, helping its employees improve, supporting its communities, and increasing the value of the company. For more information, please visit www.andersonsinc.com.  

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SOURCE The Andersons, Inc.

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