Connect with us

Technology

Managed Security Services Market to Grow by USD 33.86 Billion (2024-2028), Cloud Adoption Drives Revenue, Report Highlights AI’s Impact on Trends – Technavio

Published

on

NEW YORK, Dec. 5, 2024 /PRNewswire/ — Report on how AI is redefining market landscape – The global managed security services (MSS) market  size is estimated to grow by USD 33.86 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of about 13.87%  during the forecast period. Increase in adoption of cloud-based services is driving market growth, with a trend towards incorporation of predictive analytics in managed security services. However, chances of failure during managed security services implementation  poses a challenge. Key market players include Accenture Plc, AT and T Inc., Atos SE, Capgemini Service SAS, CrowdStrike Holdings Inc., Dell Technologies Inc., DXC Technology Co., F5 Inc., Fortra LLC, Furukawa Electric Co. Ltd., Infosys Ltd., International Business Machines Corp., Kroll LLC, Kudelski SA, Kyndryl Inc., Lumen Technologies Inc., Nippon Telegraph And Telephone Corp., Orange Cyberdefense SA, ProSOC Inc., and Singapore Telecommunications Ltd..

AI-Powered Market Evolution Insights. Our comprehensive market report ready with the latest trends, growth opportunities, and strategic analysis- View Free Sample Report PDF

Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

End-user (SMEs and Large enterprises), Deployment (Cloud-based and On-premises), and Geography (North America, Europe, APAC, South America, and Middle East and Africa)

Region Covered

North America, Europe, APAC, South America, and Middle East and Africa

Key companies profiled

Accenture Plc, AT and T Inc., Atos SE, Capgemini Service SAS, CrowdStrike Holdings Inc., Dell Technologies Inc., DXC Technology Co., F5 Inc., Fortra LLC, Furukawa Electric Co. Ltd., Infosys Ltd., International Business Machines Corp., Kroll LLC, Kudelski SA, Kyndryl Inc., Lumen Technologies Inc., Nippon Telegraph And Telephone Corp., Orange Cyberdefense SA, ProSOC Inc., and Singapore Telecommunications Ltd.

Key Market Trends Fueling Growth

Managed Security Services (MSS) are becoming increasingly popular among businesses in various industries, including Healthcare, Manufacturing, Telecom and IT. Trends like Managed IPS, Firewall Management, Endpoint Security, and Threat Monitoring are key offerings in MSS. With the rise of new threats such as ransomware, vulnerability assessments, and detection and response are crucial. Healthcare facilities and medical devices face unique challenges, requiring patient privacy protection. IT security specialists provide operational services through in-house or cloud-based solutions. Cloud computing, Artificial Intelligence, and Machine Learning are transforming MSS, enabling better threat detection and response. SMEs and IT enterprises alike benefit from MSS, as they face similar cyber threats. The COVID-19 pandemic has accelerated digital transformation, increasing exposure and creating new risks. Industry 4.0 and Cloud technology bring new challenges, requiring skilled cybersecurity laborers to defend against malicious attackers. Engagement models vary, from fully managed to co-managed services. MSS providers offer Network Security, Data Security, Managed DDoS protection, and Cloud Security solutions. Defense and Government sectors also rely on MSS for cybersecurity. 

Predictive analytics is a data-driven approach that utilizes statistical algorithms, data mining, artificial intelligence, and machine learning to make informed predictions about future events. In the context of Managed Security Services (MSS), this technology is employed to detect and protect against advanced malware threats and potential cyberattacks. Vendors offering MSS with predictive analytics capabilities gather, correlate, and analyze data from various sources to provide real-time expert analysis of emerging threats. This early warning system enables enterprises to take proactive measures, ensuring a more secure network environment. Predictive analytics empowers MSS providers to anticipate and address potential threats before they cause significant damage. 

Insights on how AI is driving innovation, efficiency, and market growth- Request Sample!

Market Challenges

•         Managed Security Services (MSS) have become essential for businesses in various industries, including Healthcare, Manufacturing, Telecom and IT, to protect their digital ecosystems from new and evolving threats. Challenges such as Managed IPS, Firewall Management, Endpoint Security, and Data breaches require specialized expertise. Healthcare facilities face unique challenges with medical devices and patient privacy. Threat Monitoring and Vulnerability Monitoring are crucial for early detection and response. Inhouse security solutions may not provide the necessary resources and skills to combat advanced cyber threats like Ransomware. Cloud-based security solutions offer flexibility and scalability. IT security specialists are in high demand, making outsourcing to MSS providers an attractive option. SMEs and IT enterprises alike benefit from MSS engagement models. Cloud computing, Artificial Intelligence, and Machine Learning are transforming MSS, providing enhanced threat detection and response capabilities. The COVID-19 pandemic has accelerated digital transformation, increasing exposure and the need for security. Malicious attackers target industries like Defense or Government, Telecom and IT, and Industry 4.0. MSS providers offer Operational services, including Managed DDoS protection and Cloud Security, ensuring Network and Data Security for businesses.

•         The implementation phase is a critical component of managed security services (MSS), but it also presents a significant challenge. Prospective clients may be hesitant to adopt MSS due to the risk of implementation failures. This complex process involves various tasks such as project management, vulnerability management, compliance, content management, event monitoring, access management, and managed devices. During the planning stage, Managed Security Service Providers (MSSPs) must carefully choose the required devices, determine their placement in the client’s infrastructure, and ensure their proper configuration. A successful implementation is crucial to build trust and confidence in MSS offerings, making it essential for MSSPs to prioritize this phase and execute it flawlessly.

Insights into how AI is reshaping industries and driving growth- Download a Sample Report

Segment Overview 

This managed security services (mss) market report extensively covers market segmentation by

End-user 1.1 SMEs1.2 Large enterprisesDeployment 2.1 Cloud-based2.2 On-premisesGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 SMEs-  Small and Medium Enterprises (SMEs) are rapidly adopting Managed Security Services (MSS) due to the escalating number of data breaches and cyberattacks from hackers. These attacks, such as Distributed Denial of Service (DDoS) and ransomware, can significantly disrupt SMEs’ IT infrastructure, resulting in severe business consequences. The complexities of cybersecurity and the prevalence of Internet of Things (IoT) devices further complicate matters for SMEs. Due to budget constraints, setting up an in-house IT security infrastructure is a challenge for SMEs. Consequently, they are turning to Managed Security Service Providers (MSSPs) to outsource their security needs. This arrangement not only saves SMEs on infrastructure and operational costs but also allows them to access advanced security solutions. The increasing demand for MSS among SMEs is encouraging vendors to invest more in improving their services, leading to market growth during the forecast period.

Download complimentary Sample Report to gain insights into AI’s impact on market dynamics, emerging trends, and future opportunities- including forecast (2024-2028) and historic data (2018 – 2022) 

Research Analysis

Managed Security Services (MSS) are outsourced security solutions designed to protect organizations from various cyber threats. MSS providers offer a range of services including Managed Firewall, Intrusion Prevention Systems (Managed IPS), Endpoint Security, Threat Monitoring, and Vulnerability Monitoring. With the increasing number of data breaches, industries such as Healthcare, Manufacturing, Telecom and IT are turning to MSS to safeguard their systems and maintain compliance. MSS providers use both in-house and cloud-based security solutions to protect against malicious attackers, cyberattacks, DDoS attacks, and other Industry 4.0 risks. Healthcare facilities and medical devices are particularly vulnerable to cyber threats, putting patient privacy at risk. MSS providers offer expertise from IT security specialists to help organizations stay ahead of evolving threats and ensure data security. Cloud security and network security are critical components of MSS, as more organizations move their operations to the cloud. MSS providers use advanced technologies to monitor and mitigate threats in real-time, providing organizations with peace of mind and allowing them to focus on their core business.

Market Research Overview

Managed Security Services (MSS) is a subset of IT security that provides organizations with expert threat monitoring, vulnerability assessment, and incident response services. MSS offerings include Managed Firewall, Intrusion Prevention Systems (Managed IPS), Endpoint Security, and Threat Monitoring. With the increasing number of data breaches, healthcare facilities and medical devices are under heightened scrutiny due to patient privacy concerns. MSS providers offer operational services to ensure patient data remains secure. New threats such as ransomware, cyberattacks, and DDoS attacks require skilled cybersecurity laborers to detect and respond effectively. MSS providers offer both in-house and cloud-based solutions to cater to various engagement models and industries like Healthcare, Manufacturing, Telecom and IT. The technology landscape is evolving with the adoption of cloud computing, artificial intelligence, and machine learning in DevOps environments. The COVID-19 pandemic has accelerated the shift to digital ecosystems, making outsourcing MSS an attractive option for SMEs and IT enterprises. Defense and Government sectors also rely on MSS to protect against malicious attackers and secure Industry 4.0 and cloud technology networks.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

End-userSMEsLarge EnterprisesDeploymentCloud-basedOn-premisesGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

View original content to download multimedia:https://www.prnewswire.com/news-releases/managed-security-services-market-to-grow-by-usd-33-86-billion-2024-2028-cloud-adoption-drives-revenue-report-highlights-ais-impact-on-trends—technavio-302322451.html

SOURCE Technavio

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Lianlian DigiTech Returns to Money20/20 Asia to Expand Partnerships, Share Industry Trends, and Explore AI-Enabled Global Financial Infrastructure

Published

on

By

BANGKOK, April 26, 2026 /PRNewswire/ — Lianlian DigiTech, a leading global provider of digital payment services, was once again invited to participate in Money20/20 Asia, one of the world’s most influential fintech gatherings, held in Bangkok, Thailand from April 21 to 23. At the event, the company presented its latest developments in cross-border payment infrastructure, technology innovation, and ecosystem collaboration, offering a comprehensive view of its work enhancing global cross-border payment capabilities.

During the conference, Lianlian DigiTech announced a strategic partnership with UK-based fintech company USI Money to further strengthen its global cross-border payment network, delivering more efficient and reliable fund flows for merchants worldwide. Shen Enguang, Co-President of Lianlian DigiTech; Mark Ma, Head of Global Banking Partnership at LianLian Global; and Bryan Jiang, General Manager Hong Kong of LianLian Global, attended the event and engaged with representatives from international financial institutions. They shared perspectives on fintech trends and global payment innovation, offering industry insight into the continued evolution of a more integrated and interoperable cross-border payments ecosystem.

Building a Borderless Payment Network with Global Partners Including USI Money

At the event, Lianlian DigiTech formalized a strategic collaboration with London-headquartered USI Money to further develop its global payment infrastructure.

The partnership will focus on cross-border remittance and foreign exchange services, combining both companies’ technological capabilities and resources to deliver a one-stop payment and collection solution for global businesses. The offering is built to be efficient, secure, and cost-effective, improving overall fund flow efficiency and streamlining foreign exchange execution.

Syed Bukhari, Group Chief Business and Operating Officer at USI Money, said: “Our partnership with Lianlian will strengthen our remittance capabilities, creating greater value for our customers through broader network coverage and improved transaction performance.”

Bryan Jiang, General Manager Hong Kong of LianLian Global, said: “By leveraging the complementary strengths of our ecosystem partners in technology and compliance, Lianlian will continue to scale its global payment network and improve transaction efficiency. We remain committed to enhancing financial connectivity across global financial markets and delivering more efficient and reliable cross-border payment solutions for our customers.”

Founded in 2009 and listed on the Main Board of the Hong Kong Stock Exchange in 2024 (2598.HK), Lianlian DigiTech is a China-based, globally focused digital payment company with increasingly integrated AI capabilities across its platform. Guided by its mission of “Connecting the world, Empowering global commerce,” the company focuses on developing a trusted and scalable financial infrastructure. As of the end of 2025, Lianlian DigiTech has built a cross-border payment network covering more than 100 countries and regions, serving over 10.4 million customers worldwide.

USI Money is a foreign exchange and international remittance service provider offering tailored cross-border financial solutions for businesses and individuals. With competitive real-time exchange rates and efficient execution as its core strengths, the company delivers fast, secure, and reliable global fund transfers.

In addition, Lianlian DigiTech co-hosted a networking session with Unlimit during the event, providing a forum for industry dialogue. The session brought together a broad group of fintech partners to explore collaborative models and help foster a more connected ecosystem.

Industry Roundtables: Unlocking Layered Collaboration in AI-Driven Cross-Border Payments and Advancing Financial Inclusion in Emerging Markets

At the same time, Mark Ma and Bryan Jiang were invited to the themed roundtable discussions, where they shared insights drawn from industry practice and outlined new approaches to aligning fintech innovation with the global financial system.

At the roundtable on “Fintech and Banks,” Mark Ma noted that the global payment system is rapidly shifting from isolated capabilities to a layered, collaborative model. Banks continue to serve as the foundational infrastructure, responsible for clearing networks and liquidity management. Fintech firms like Lianlian, meanwhile, build on top of this foundation to deliver application-layer services for businesses, transforming complex cross-border payment channels into more accessible solutions that support a wider range of practical business scenarios. He also emphasized fintech’s growing role in compliance and value creation. By embedding risk controls and verification processes into technology workflows, fintech companies can act as compliance intermediaries, improving efficiency while filtering risk and enabling banks to operate more effectively at scale. Meanwhile, insights derived from transaction data and business flows allow for more precise evaluation of small and medium-sized businesses, shifting capital allocation from experience-based decisions to data-driven approaches and improving access to financial services.

At the roundtable titled “Different Worlds, Shared Challenges: Bridging Emerging Markets,” Bryan Jiang pointed out that the core of financial inclusion is shifting from scale of coverage to practical usability in everyday financial activity. The ability to serve underserved segments such as small and micro merchants and overseas workers in a sustained and reliable manner ultimately depends on continuous improvements in product design and operational capabilities. Using emerging markets as an example, Jiang explained that small and medium-sized businesses in these regions often face challenges such as difficult account setup, complex cross-border collections, high foreign exchange costs, and multi-layered tax requirements. Many existing solutions still follow traditional business-focused models, resulting in cumbersome KYB processes and lengthy review cycles that are misaligned with the asset-light, high-frequency, fast-turnover nature of these businesses. In response, Lianlian has lowered barriers to fund flows by offering local collection accounts, optimizing foreign exchange mechanisms, and improving settlement efficiency. The company has also restructured account architecture, streamlined review processes, and enhanced fund visibility, creating a more seamless and intuitive user experience that better aligns financial services with its clients’ business operations and day-to-day activities.

As digital technologies increasingly integrate with the real economy, innovations in AI and blockchain are reshaping the foundations of global financial services. Lianlian DigiTech has long invested in AI capabilities, global compliance, and the growth of its international service network. Its broad licensing coverage, regulatory track record, localized service capabilities, and technical reliability have earned the trust of regulators, customers, and partners worldwide.

Looking ahead, Lianlian DigiTech will continue to build on its cross-border expertise and compliance experience to further develop its AI capabilities and deepen collaboration with global partners. The company aims to extend its role beyond payment network services into more integrated financial infrastructure solutions. Lianlian DigiTech remains committed to serving as a trusted platform for global financial transactions in an increasingly digital environment, enabling businesses and individuals worldwide to access faster, more efficient, and more seamless cross-border financial services.

View original content:https://www.prnewswire.com/apac/news-releases/lianlian-digitech-returns-to-money2020-asia-to-expand-partnerships-share-industry-trends-and-explore-ai-enabled-global-financial-infrastructure-302753667.html

SOURCE LianLian Global

Continue Reading

Technology

The Building & Furniture Category Highlights Sustainable and Human‑Centric Design at the 139th Canton Fair

Published

on

By

GUANGZHOU, China, April 26, 2026 /PRNewswire/ — Phase 2 of the 139th Canton Fair has seen the Building & Furniture category emphasize green Infrastructure and human-centric design.

A major highlight of the building and decorative materials section is the introduction of photovoltaic marble-textured cladding. This innovative surfacing material bridges the gap between high-end aesthetics and renewable energy. Unlike traditional solar panels that rely on glass, this non-opaque cladding uses precise microscopic structures to guide light to internal PV cells.

This technology offers 60% higher efficiency than traditional transparent solar systems while reducing carbon emissions by over 50%. Its ability to reproduce stone, wood, or brick‑like 3D textures allows architects to integrate power generation into a wide range of building styles without the industrial appearance of traditional solar panels.

Indoor environments are also becoming smarter and safer. Manufacturers are showcasing high-efficiency antibacterial surfacing, utilizing visible light catalysis to provide 24-hour protection against mold and bacteria. These advanced decorative papers and panels are becoming the new standard for high-end interior decoration, prioritizing long-term hygiene in residential and commercial spaces.

The sanitary ware sector is increasingly focused on the aging global population and those with limited mobility. A standout innovation is the electric lift-and-rotate shower chair. Designed for the dry-wet separation bathroom layout, it allows users to sit in a dry area and be safely rotated and lifted into the shower via remote control. This waterproof, low-voltage system provides dignity and independence for the elderly while reducing the physical strain on caregivers.

Hygiene and ease of maintenance have also seen a breakthrough with wall-mounted toilets. By moving the lid connection to the tank wall and adopting a mortise‑and‑tenon structure, the design eliminates the hard‑to‑clean areas where bacteria typically accumulate. Many of these units also incorporate ergonomic grab bars directly into the frame, blending safety with a minimalist aesthetic.

In the sports and leisure industry, the shift toward sustainability is seen in non-infill synthetic turf. This next-generation football grass eliminates the need for rubber granules or sand, providing a natural touch and superior shock absorption while significantly reducing maintenance costs and microplastic pollution.

All these innovations demonstrate how the Building & Furniture sector is advancing toward greener materials, smarter functionality, and more human‑centered design, setting new benchmarks for the future of living spaces.

For pre-registration, please click: https://buyer.cantonfair.org.cn/register/buyer/email?source_type=16

Photo – https://mma.prnewswire.com/media/2965701/Image1.jpg

View original content:https://www.prnewswire.co.uk/news-releases/the-building–furniture-category-highlights-sustainable-and-humancentric-design-at-the-139th-canton-fair-302753654.html

Continue Reading

Technology

Nexteer’s Global First Steer-by-Wire Goes into Production

Published

on

By

BEIJING, April 26, 2026 /PRNewswire/ — Nexteer Automotive helped a leading Chinese new energy vehicle (NEV) manufacturer bring the world’s first production passenger vehicle with a full drive‑by‑wire chassis to market. The vehicle features Nexteer’s steer‑by‑wire (SbW) system as a key enabler.

The SbW featured in this vehicle marks Nexteer’s first SbW system in mass production, representing a major step forward for the technology — moving from development and validation to full-scale production. Certified in late 2025, this system achieved the world’s first ASIL D functional safety approval from DAkkS (German Accreditation Body) through close collaboration with the OEM. This certification reflects global top-tier performance in fault diagnosis, redundancy, and safety monitoring. Key features include:

Multi-layered redundancy design: Dual controllers, dual power supplies, multiple communication links, and dual actuation paths — achieving redundancy at system, hardware, and software levels. This ensures that in the event of a single fault, the backup path takes over within milliseconds with no loss of steering function.Full‑scenario functional safety mechanism: Multi‑level monitoring and fault handling strategies covering sensors, controllers, actuators, and communication links.Variable steering ratio: Automatically adjusts steering angle and effort based on vehicle speed and driving mode, balancing agility and comfort.Intuitive road‑feel simulation technology: Software‑defined steering feedback delivers a more responsive and precise driving experience, adaptable to a wide range of driving scenarios.Open interface for autonomous driving: As a key actuation layer for ADAS and autonomous driving systems, it provides real‑time, precise control capabilities, supporting the development of intelligent transportation systems.

Steer-by-Wire: Electronic Signals Replace Mechanical Links, Flexible Configurations for Diverse Needs

By decoupling the mechanical link between the hand wheel and the road wheels, steer-by-wire replaces conventional mechanical connections with electronic signals and actuators — and is quickly becoming a foundational technology for next-generation intelligent chassis and autonomous driving platforms. As a motion control technology company with 120 years of engineering heritage, Nexteer offers a flexible, off-the-shelf portfolio of steering feel simulators and road wheel actuators. This modular approach allows us to meet the diverse needs of different vehicle models and driving scenarios efficiently and cost-effectively.

From Steering to Braking: Expanding Full-Stack Motion Control Capabilities

Building on its deep expertise in steering systems, Nexteer has expanded into braking with its Brake-by-Wire solution, the Electro-Mechanical Brake (EMB). EMB has completed full development and rigorous validation and is ready for mass production. Together with SbW, Brake-by-Wire (EMB), Rear-Wheel Steering, and the MotionIQ™ Software Suite make up Nexteer’s broader Motion-by-Wire™ portfolio.

With Nexteer, OEMs get more than steer-by-wire and brake-by-wire components: they get a complete, proven, production-ready and cost-effective drive-by-wire chassis motion control solution that’s shaping the future of the software-defined chassis and enabling faster development, lower costs and safter, smarter and more exciting driving experiences.

During Auto China 2026, we cordially invite you to visit Nexteer at Booth W1B03, Hall W1, China International Exhibition Center (Shunyi) in Beijing, to experience firsthand the breakthrough innovations of steer-by-wire and Motion-by-Wire™ technologies.

ABOUT NEXTEER AUTOMOTIVE

Nexteer Automotive (HK 1316) is a global leading motion control technology company accelerating mobility to be safe, green and exciting. Our innovative portfolio supports Motion-by-Wire™ chassis control, including electric and hydraulic power steering systems, steer-by-wire and rear-wheel steering systems, steering columns and intermediate shafts, driveline systems, software solutions and brake-by-wire. Celebrating 120 years of automotive innovation in 2026, Nexteer builds on a strong legacy of engineering excellence while continuing to shape the future of mobility. The company solves motion control challenges across all megatrends – including electrification, software/connectivity, ADAS/automated driving and shared mobility – for global and domestic OEMs around the world including BMW, Ford, GM, RNM, Stellantis, Toyota and VW, as well as automakers in India and China including BYD, Xiaomi, ChangAn, Li Auto, Chery, Great Wall, Geely, Xpeng and others. www.nexteer.com  

Links to Nexteer Media Center

Logo – https://mma.prnewswire.com/media/2368187/5937537/nexteer_Logo.jpg

View original content:https://www.prnewswire.com/in/news-releases/nexteers-global-first-steer-by-wire-goes-into-production-302753641.html

Continue Reading

Trending