Incident Response Market Will Reach USD 35.2 billion By 2026 | Top key Players Rapid7, McAfee, Symantec, FireEye, Palo Alto Networks

The Incident Response Market is expected to grow from USD 15.3 billion in 2018 to USD 35.2 billion by 2026, at a CAGR of 12.7% during the forecast period. Increasing need for secured social media surfing, increasing digitalization, internet and mobile usage, increase in use of social media platforms, strict government norms and compliances, increasing security breaches, such as cyber terrorism, fraud, money laundering, identity theft, hacking, growth of e-commerce, which the industries use to connect with their customers, leaving these customers into risks of data theft, high usage of online surfing and transactions resulting in large volume of data generation and adoption of advance technologies, like, BYOD, IoT, big data and cloud computing services in industries are some of the driving factors of the market.

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Companies considered and profiled in this market study

Rapid7 (US), McAfee (US), Symantec (US), FireEye (US), Palo Alto Networks (US), IBM (US), Check Point Software Technologies (Israel), Cisco (US), BAE Systems (UK), Verizon (US), CrowdStrike (US), Optiv (US), Trustwave (US), Dell (US), NTT Security (Germany), Swimlane (US), LogRhythm (US), Resolve Systems (US), Carbon Black (US), Kudelski Security (US), RiskIQ (US), Accenture (Ireland), AlienVault (US), Paladion Networks (US), Kaspersky Lab (Russia), and Coalfire (US), among others.

High innovation costs, budgetary constraints, availability of open source and pirated security solutions worldwide and difficulty in selecting the right incident response vendor for particular requirements may be some major restraining factors for the incident response market.

For the purpose of this report, the market has been segmented on the basis of security types, deployment types, component, organization size, industry vertical and regional analysis.

Security types Outlook (Revenue, USD Million; 2018-2026)
o Web security
o Application security
o Endpoint security
o Network security
o Cloud security

Deployment type Outlook (Revenue, USD Million; 2018-2026)
o Cloud
o On-Premises

Component Outlook (Revenue, USD Million; 2018-2026)
o Solution
o Services

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Organization size (Revenue, USD Million; 2018-2026)
o Large Enterprises
o Small and Medium-Sized Enterprises

Industry vertical Outlook (Revenue, USD; 2018-2026)
o BFSI
o Government
o Healthcare and Life Sciences
o Retail and E-Commerce
o Travel and Hospitality
o Manufacturing
o IT and Telecommunication
o Others

Regional Outlook (Revenue, USD Million; 2018-2026)
o North America
o Europe
o Asia Pacific
o RoW

Further key findings from the report suggest
o The Incident Response market is expected to grow from USD 15.3 billion in 2018 to USD 35.2 billion by 2026, at a CAGR of 12.7% during the forecast period.
o The major contributing factors for the growth of the market for Incident Response can be the Increasing need for secured social media surfing, increasing digitalization, internet and mobile usage, increase in use of social media platforms, strict government norms and compliances, increasing security breaches, such as cyber terrorism, fraud, money laundering, identity theft, hacking, growth of e-commerce, which the industries use to connect with their customers, leaving these customers into risks of data theft, high usage of online surfing and transactions resulting in large volume of data generation and adoption of advance technologies, like, BYOD, IoT, big data and cloud computing services in industries
o The Incident Response market is segmented by security types into web security, application security, endpoint security, network security and cloud security. The network and cloud security types are expected to witness highest growth, at a CAGR of 12.9% during the forecast period, due to excessive use of cloud, mobiles, tablets globally, which makes the these segments more prone to cyber-attacks and network hacking.

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