Press release
Incident Response Services Market 2021 Competitive Insights - Check Point Software Technologies, Cylance Inc., FireEye, Kaspersky Lab
The Incident Response Services Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.The market was valued at USD 21.72 billion in 2020, and it is projected to reach a value of USD 61.01 billion by the end of 2026, at a CAGR of 18.96% over the forecast period (2021-2026).
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Top Leading Companies of Incident Response Services Market are CrowdStrike Holdings, Inc., Check Point Software Technologies, Cylance Inc., FireEye, Kaspersky Lab, Rapid7, IBM Corporation, NCC Group, Optiv Security, Inc., Secureworks Inc., Trustwave Holdings, KPMG International ltd., Deloitte Touche Tohmatsu Ltd. and others.
Industry News and Updates
- April 2019 - Rapid7 Inc. acquired NetFort, a company that provides end-to-end network traffic visibility and analytics across cloud, virtual, and physical networks. Rapid7 plans to bring NetFort's network monitoring, visibility, and analytics capabilities into its Insight cloud to help customers securely advance.
- June 2020- IBM has announced their intent to purchase Spanugo, an early-stage cybersecurity vendor, to fulfill the protection and compliance needs of its clients in highly regulated industries.
Key Market Trends
BFSI Sector to Drive the Market Growth
- The BFSI sector is one of the critical infrastructure sector that suffers several data breaches and cyber attacks, owing to the large customer base that the industry serves and the financial information that is at stake.
- The financial service institutions have been identified to be more susceptible to cyber attacks, as compared to other industries. This is expected to drive the demand for Incident response (IR) solutions that are capable of dealing with a crisis event such as a security breach, security- or IT-incident investigation, and forensic response.
- Over the past few years, data breaches within the BFSI sector led to an exponential rise in costs and loss of valuable customer information. According to 2019 Data Breach Investigations Report (DBIR) released by Verizon, 88% of all cyber incidents in the financial services and insurance sector were done by cyber attackers with a malicious financial motivation, in pursuit of the easiest path possible to financial gain.
- Enterprises operating in the BFSI sector are focused on implementing the latest technology with an aim to secure their IT processes and systems, secure customer critical data, while also complying with government regulations. Growing technological capabilities and regulatory requirements, greater customer expectations has been forcing these enterprises to adopt a defensive and proactive approach to data security.
Regional Outlook of Incident Response Services Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.
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What Are The Market Factors That Are Explained In The Report?
Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
Analytical Tools: The Incident Response Services Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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