Skills Gaps Send CISOs In Search Of Managed Security Providers
CSO Online, Monday, July 7th, 2025
Use of MSSPs is on the rise as CISOs contend with increased workloads, rising threats, and budget constraints, in addition to talent and training gaps.
A shortage of skilled cybersecurity professionals, combined with budget cuts, is fueling growth in the managed security services market.
Estimates vary but the managed security service market is expected to enjoy a compound annual growth rate between 11% and 16% to reach up to $87.5 billion by 2030.
Many businesses find themselves unable to hire or retain an in-house security team due to budget constraints combined with a rapidly rising skills gap. Excessive workloads are also making it challenging to train up existing staff fast enough to keep pace with evolving threats.