Managed Detection and Response Market to Grow at 31.6% CAGR during 2017 to 2022| Top Technologies, Overview, Key Insights and Company Profiles

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The Global Managed Detection and Response Market size is expected to grow from US$ 419.7 Million in 2017 to US$ 1,658.0 Million by 2022, at a CAGR of 31.6% during the forecast period. Increasing instances of enterprise targeted cyber-attacks, upcoming government regulations, and need for compliance are expected to proliferate the demand for MDR services over the forecast period.

“North America is expected to have the largest market size, and Asia Pacific (APAC)is projected to grow at the highest rate during the forecast period”
North America tops the global market wing to a concentrated presence of security vendors that provide advanced cyber security solutions and technologies. The Managed Detection and Response market is thus dominated by North America, which is considered to be the most advanced region with regard to cyber security technology adoption and infrastructure.

The APAC region is expected to witness a significant growth in Managed Detection and Response mainly due to the increasing adoption of web-based applications and integration of technologies such as Internet of Things (IoT)across various business operations. The APAC MDR market covers Australia, New Zealand, Japan, China, India, and Singapore. Countries across this region have a large number of SMEs, which are using traditional defense mechanism.

The break-up of the profiles of the primary participants is as follows:
• By Company: Tier 1 – 55%, Tier 2 – 20%, and Tier 3 – 25%
• By Designation: C-Level – 60%, Director Level – 25%, and Others – 15%
• By Region: North America – 35%, Europe – 25%, APAC – 15%, Latin America – 10%, and MEA – 15%

Study Objectives:

• To forecast the market size of the market segments with respect to the 5 main regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America

• To define, describe, and forecast the Managed Detection and Response market by security type, deployment, organization size, industry vertical, and region

• To provide detailed information regarding the major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market

• To analyze the micromarkets1 with respect to individual growth trends, prospects, and contributions to the total market

• To analyze opportunities in the market for stakeholders by identifying high-growth segments of the market

• To track and analyze competitive developments, such as new product launches; mergers and acquisitions; and partnerships, agreements, and collaborations in the global market

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Top Key Players in the “Managed Detection and Response Market” include are Arctic Wolf Networks (US), BAE Systems (UK), CrowdStrike (US), eSentire (Canada), Fire Eye (US), F-Secure (Finland), IBM (US), Kudelski Security (Switzerland), mnemonic (Norway), NetWorks Group (US), Optiv Security (US), Paladion (India), Rapid7 (US), Raytheon (US), Redscan Cyber Security (UK), and Watch Guard (US).

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