Press release
Demand for Managed Detection and Response to Surge as Companies Seek Improved Incident Response
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In the last couple of years, a large number of companies worldwide made investments in turnkey projects to improve their threat detection capabilities. Adoption of new technologies helped them counter threats that have evaded controls. As a result a security management providers have come to realize the significance of MDR services and impact they have on business environment. Therefore, service providers have developed innovative solutions to offer support to businesses aiming to improve their incident response. Furthermore, MDR vendors offer services to companies looking to develop unhindered monitoring abilities. Against this backdrop, the global managed detection and response market is likely to witness immense scope for expansion in the near future.
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According to the report, the demand for managed detection and response will rapidly increase in response to the rising adoption of security and a service. An effectual service MDR providers helps companies to supervise their cyber assets sans interruptions. These services are attuned to alert companies to validate advanced threats and exploits. They facilitate rapid investigations and accelerate response to confirmed incidents, which are key factors driving the global managed detection and response market. In addition, implementing managed detection and response reduces cyber security risks for companies. This in turn enhances investor and boardroom confidence. Impelled by these factors, the global managed detection and response market will exhibit impressive growth in the coming years.
In order to provide a comprehensive overview, the report segmented the global managed detection and response market in terms of enterprise, service, and region. In terms of service, the global market can be segmented into retained incident response, protective monitoring, threat detection, and others. Based on enterprise, the market covers large and small and medium size enterprises. Regionally, South America, Europe, North America, Asia Pacific, and the Middle East and Africa are the key segments in the global managed detection and response.
The report also profiles some of the leading companies operating in the managed detection and response market such as Cisco Systems, Arctic FireEye, Inc., Wolf Networks Inc., eSentire Inc., Alert Logic, Inc., MORPHICK, INC., mnemonic.no, Raytheon Foreground Security, Netswitch Technology Management, CrowdStrike, rapid7, Rook Security, and IBM Corporation.
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