20.3% Growth Rate for Incident Response Market by 2022 | Top Technologies, Overview, Key Insights and Company Profiles

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The Global Incident Response Market size to grow from US$ 13.38 billion in 2018 to US$ 33.76 Billion by 2023, at a Compound Annual Growth Rate (CAGR) of 20.3% during the forecast period. The market is driven by stringent government regulations and compliances requirements, an increasing sophistication level of cyber-attacks, and heavy financial losses post incident occurrence.

“The large enterprises segment is expected to hold a larger market size during the forecast period.”
The large enterprises segment is expected to hold a larger market size in the market during 2018–2023. These enterprises are the early adopters of incident response solutions and associated services. Though large enterprises have the necessary budgets to use on-premises incident response software, they are moving toward the cloud deployment mode to avail benefits, such as increased availability, high scalability, and the low cost of deployment.

“North America is expected to hold the largest market share, where as Asia Pacific (APAC)to grow at the highest CAGR.”
North America is estimated to hold the largest market size and dominate the global Incident response market in 2018.The increasing information security challenges, due to network complexities, along with meeting strict compliance regulations and enhancing employees’ productivity ,are pushing organizations in North America to adopt incident response solutions. Asia Pacific (APAC) offers growth opportunities for major vendors in the Incident response market, as countries in this region are investing heavily in deploying incident response solutions and compliance management solutions.

The breakup of the profiles of the primary participants is as follows:
• By Company: Tier 1 – 11%, Tier 2 – 23%, and Tier 3 – 66%
• By Designation: C-level – 61%, Director level – 27%, and Others – 12%
• By Region: North America – 36%, Europe – 24%, APAC – 28%, and RoW – 12%

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#Top Key Players in the “Incident Response Market” include are Symantec (US), McAfee (US), Palo Alto Networks (US), FireEye (US), IBM (US), Cisco (US), Check Point Software Technologies (Israel), BAE Systems (UK), Rapid7 (US), Dell (US), Verizon (US), CrowdStrike (US), Optiv (US), Trustwave (US), NTT Security (Germany), Resolve Systems (US), Kudelski Security (US), Swimlane (US), LogRhythm (US), Carbon Black (US), RiskIQ (US), Accenture (Ireland), AlienVault (US), Kaspersky Lab (Russia), Paladion Networks (US), and Coalfire (US).

#Target Audience for Incident Response Market: Cybersecurity vendors,Information security consultants,Incident response service vendors,Security system integrators,Government agencies,Managed Security Service Providers (MSSPs),Value-Added Resellers (VARs),Independent software vendors.

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