Global Managed Detection and Response Market, By Security Type (Endpoint Security, Network Security, Application Security, Cloud Security, Others), Deployment (On-Premises, Hosted), Organization Size (Small and Medium-Sized Enterprises (SMEs), Large Enterprises), Industry Vertical (Banking, Financial Services and Insurance (BFSI), IT and Telecommunications, Government and Defense, Energy and Utilities, Manufacturing, Healthcare, Retail, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Managed Detection and Response Market
The managed detection and response market is expected to witness market growth at a rate of approximately 21.56% in the forecast period of 2021 to 2028. Data Bridge Market Research report on managed detection and response market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increasing number and complexity of threats is escalating the growth of managed detection and response market.
Managed detection and response (MDR) refers to a modern approach to detect threats and cyber-attacks and respond to them accordingly and helping enterprises protect their cyber-infrastructure from attacks. MDR services assist in detecting threats, malicious activities and malicious activities on organizations’ cyberinfrastructure and provide responding to remove and mitigate such attacks. The vendors combine a technology solution with in-house security professionals and then, analysts help enterprises extend their cybersecurity technologies and workforce. These services provide real-time protection to organizations and reduce the risks of potential attacks.
The increasing demand for managed detection and response (MDR) because of rising adoption of security as a service and the use of MDR service to continuously supervise cyber assets for alerting to validate exploits, advanced threats, responding to confirmed incidents, and rapid investigation are the major factors driving the managed detection and response market. The increasing utilization of managed detection and response (MDR) to reduce the cyber security, assist in identifying threats helping individuals business in order to improve defenses and consumer inclination as they provide wide range of threats that are preventative cyber security solutions including firewalls accelerate the managed detection and response market growth. The increase in the number of cyber-attacks and threats targeting enterprises, raise in need for compliance drive the adoption of services and shortage of cybersecurity professionals influence the managed detection and response market. Additionally, the need for cost-effective methods, implementation of government regulations, increasing penetration of IoT and technological proliferation positively affect the managed detection and response market. Furthermore, emergence of machine learning/Ai-powered MDR services, adoption of MDR across SMEs and merge with traditional service providers extends profitable opportunities to the managed detection and response market players in the forecast period of 2021 to 2028.
On the other hand, lack of trust in third-party applications and decline in investment in these analytic platforms and off-the-shelf methods are factors expected to obstruct the managed detection and response market growth. Lack of modern IT infrastructure, and rise in concerns regarding potential cyber-attacks on MDR service provider's infrastructure are projected to challenge the managed detection and response market in the forecast period of 2021 to 2028.
This managed detection and response market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on managed detection and response market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Managed Detection and Response Market Scope and Market Size
The managed detection and response market is segmented on the basis of security type, deployment, organization size and industry vertical. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of security type, the managed detection and response market is segmented into endpoint security, network security, application security, cloud security and others.
- On the basis of deployment, the managed detection and response market is segmented into on-premises and hosted.
- On the basis of organization size, the managed detection and response market is segmented into small and medium-sized enterprises (SMEs) and large enterprises.
- On the basis of industry vertical, the managed detection and response market is segmented into banking, financial services, and insurance (BFSI), IT and telecommunications, government and defense, energy and utilities, manufacturing, healthcare, retail and others.
Global Managed Detection and Response Market Country Level Analysis
The managed detection and response market is analyzed and market size, volume information is provided by country, security type, deployment, organization size and industry vertical as referenced above.
The countries covered in the global managed detection and response market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Europe dominates the managed detection and response market due to the increasing awareness regarding the need to protect the enterprise cyber infrastructure, cloud deployment and the increasing surge of cyber-attacks and the deployment of advanced cybersecurity technologies after elimination of the traditional ones in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Managed Detection and Response Market Share Analysis
The managed detection and response market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to manage detection and response market.
The major players covered in the managed detection and response market report are BAE Systems, FireEye, Inc., IBM Corporation, Optiv Security Inc., Kudelski Security, Atos SE, Arctic Wolf Networks Inc., WatchGuard Technologies, Inc., Rapid7, Raytheon Technologies Corporation, Redscan, F-Secure, CrowdStrike, NetWorks Group, Mnemonic, Alert Logic, Cisco, eSentire, Inc., MORPHICK, INC., Netswitch Technology Management, RSA Security LLC among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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