Managed Detection and Response (MDR) Market Shares, Overview, Growth Rate, Demands, and Top Companies - CrowdStrike (US), Rapid7 (US), Red Canary (US), Arctic Wolf (US), Kudelski Security (Switzerland), SentinelOne (US), Proficio (US)

The Managed Detection and Response (MDR) Market research report provides market forecast information, considering the history of the industry, the future of the industry with respect to what situation it may face, it will grow or it will fail. Inputs of various industry experts, required for the detailed market analysis, have been used very carefully to structure this finest Managed Detection and Response (MDR) Market research report. A team of innovative analysts, enthusiastic forecasters, knowledgeable researchers, and experienced industry experts work meticulously, 24*7 to structure this most excellent market report.

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The global MDR market size is expected to grow from an estimated value of USD 2.6 billion in 2022 to USD 5.6 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 16.0% from 2022 to 2027.

Major vendors in the global MDR market include CrowdStrike (US), Rapid7 (US), Red Canary (US), Arctic Wolf (US), Kudelski Security (Switzerland), SentinelOne (US), Proficio (US), Expel (US), Secureworks (US), Alert Logic (US), Trustwave (US), Mandiant (US), Binary Defense (US), Sophos (UK), Esentire (Canada), Deepwatch (US), Netsurion (US), Gosecure (US), LMNTRIX (US), Underdefense (US), Ackcent (Spain), Cybereason (US), Critical Start (US), Cysiv (US), and Critical Insight (US).

Some of the factors that are driving the market growth includes addressing of shortage of skilled cybersecurity professionals and budget constraints, government regulations, and strict compliance for adoption of MDR services across the segments. However, lack of trust in third-party applications and lack of modern IT infrastructure are expected to hinder the market growth.

Endpoint Security segment to hold a larger market size during the forecast period

Based on security type, the MDR market is segmented into endpoint security, network security, cloud security, and other security types. Endpoint security solutions include antivirus, antispyware/malware, encryption personal firewall, IDS/IPS, patch and configuration management, behavioral blocking software, and virtualization security. These solutions provide continuous real-time threat detection, prevention, and response to the network devices (endpoints). The rapid growth in the number of mobile devices across the globe is one of the driving factors for this market. Due to the increasing number of mobile devices, networks are getting more vulnerable to cyberattacks.

SMEs to grow at a highest CAGR during the forecast period

Based on organization size, the MDR market is segmented into two categories such as large enterprises and SMEs. SMEs are more susceptible to such cyberattacks as robust and comprehensive security solutions are not implemented in SMEs due to financial constraints. SMEs are moving toward the adoption of MDR services as MDR services are one of the best approaches to protect business operations from advanced threats. The MDR market for the SMEs segment is expected to grow at a higher CAGR due to the increasing instances of cyberattacks and the inability of the traditional security services to prevent such attacks.

Asia Pacific to grow at the highest CAGR during the forecast period

Tremendous growth opportunities in Asia Pacific region has been witnessed by MDR market. The region is highly concerned with the increase in security spending due to the ever-growing threat landscape. The region has a large number of established SMEs. The majority of SMEs have a traditional defense mechanism. This has led to the increase in the adoption of MDR services to protect against advanced and sophisticated threats that are hard to be detected. Moreover, increasing operational complexities and organizations lacking cybersecurity talent has paved the way for MDR market in Asia Pacific.

Breakdown of primaries:

In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in theSOC as a Service market.

By company type: Tier 1:55%, Tier 2:20%, and Tier 3:25%
By designation: C-level:60%, D-level: 25% and Other:15%
By region: North America:35%,Europe: 25%,APAC: 15%, MEA: 15%, Latin America: 10%

The study includes an in-depth competitive analysis of the key players in the MDR market, with their company profiles, recent developments, and key market strategies.

Research coverage

The report segment the MDR market and forecast its size, by security type (network security, endpoint security, cloud security other security types), organization size (SMEs, large enterprises), deployment mode (On-premises, cloud), vertical (BFSI, healthcare, government, IT and ITeS, manufacturing, energy & utilities, retail, and other verticals) and by region (North America, Europe, Asia Pacific, MEA, and Latin America).

The study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

Key benefits of buying the report

The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall MDR market and the sub segments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

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Table Of Contents

1 Introduction
1.1 Objectives Of The Study
1.2 Market Definition
1.2.1 Inclusions And Exclusions
1.3 Market Scope
1.3.1 Market Segmentation
1.3.2 Regions Covered
1.4 Years Considered For The Study
1.5 Currency Considered
Table 1 Usd Exchange Rates, 2018-2021
1.6 Stakeholders
1.7 Summary Of Changes

2 Research Methodology
2.1 Research Data
Figure 1 Global Managed Detection And Response Market: Research Design
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Breakdown Of Primary Interviews
2.1.2.2 Key Industry Insights
2.2 Market Breakup And Data Triangulation
Figure 2 Market Breakup And Data Triangulation
2.3 Market Size Estimation
Figure 3 Market Size Estimation Methodology-Approach 1 (Supply Side): Revenue Of Solutions And Services In The Mdr Market
Figure 4 Market Size Estimation Methodology Approach 1: Supply-Side Analysis
Figure 5 Mdr-Market Estimation Approach: Supply-Side Analysis (Company Revenue Estimation)
Figure 6 Market Size Estimation Methodology Approach 1-Bottom-Up (Supply Side): Collective Revenue Of All Solutions And Services In The Mdr Market
Figure 7 Market Size Estimation Methodology Approach 2-Bottom-Up (Demand Side): Products/Solutions/Services
2.4 Market Forecast
Table 2 Factor Analysis
2.5 Research Assumptions And Limitations
2.5.1 Assumptions
2.5.2 Limitations

3 Executive Summary
Table 3 Managed Detection And Response Market Size And Growth Rate, 2016-2021 (Usd Million, Y-O-Y %)
Table 4 Market Size And Growth Rate, 2022-2027 (Usd Million, Y-O-Y %)
Figure 8 North America To Hold The Largest Market Share In 2022

4 Premium Insights
4.1 Attractive Market Opportunities In The Managed Detection And Response Market
Figure 9 Mdr Services Addresses Shortage Of Skilled Cybersecurity Professionals And Requires Low Budget For The Implementation Of Security Services
4.2 Market Share Of Top Three Verticals And Regions, 2022
Figure 10 Bfsi Segment And North America To Hold The Largest Market Shares In 2022
4.3 Market, Top Three Security Types, 2022-2027
Figure 11 Endpoint Security Segment To Hold The Largest Market Share In 2022
4.4 Market, By Deployment Mode, 2022-2027
Figure 12 Cloud Segment To Hold A Larger Market Share During The Forecast Period
4.5 Market, By Organization Size, 2022-2027
Figure 13 Small And Medium-Sized Enterprises Segment To Hold A Larger Market Share During The Forecast Period
4.6 Managed Detection And Response Market Investment Scenario By Region
Figure 14 Asia Pacific To Emerge As The Best Market For Investments In The Next Five Years

5 Market Overview And Industry Trends
5.1 Introduction
5.2 Market Dynamics
Figure 15 Managed Detection And Response Market: Drivers, Restraints, Opportunities, And Challenges
5.2.1 Drivers
5.2.1.1 Growing Incidents Of Business Email Compromise, Ransomware, And Cryptojacking Threats
5.2.1.2 Mdr Addresses A Shortage Of Skilled Cybersecurity Professionals And Budget Constraints
5.2.1.3 Government Regulations And The Need For Compliance Drive The Adoption Of Mdr Services
5.2.1.4 Technological Proliferation And Increasing Penetration Of Iot
5.2.2 Restraints
5.2.2.1 Lack Of Trust In Third-Party Applications
5.2.3 Opportunities
5.2.3.1 Introduction Of Ml/Ai-Powered Mdr Services
5.2.3.2 Increasing Adoption Of Mdr Across Smes
5.2.4 Challenges
5.2.4.1 Lack Of Modern It Infrastructure
5.2.4.2 Potential Cyberattacks On Mdr Service Provider's Infrastructure
5.3 Use Cases
5.3.1 Top Insurance Annuity Company Benefits From Esentire's 24/7 Threat Detection, Response And Cloud Security Posture Management To Secure Their Multi-Cloud Environment
5.3.2 Alert Logic Helps Iodine Software Secure In-Patient Healthcare Data And Meet Compliance Mandates
5.3.3 Gkn Wheels And Structures Were Able To Answer The Question, "What If We Were Attacked?"
5.3.4 Global Investment Firm Uses Mdr Services To Protect Proprietary Information And Private Data
5.4 Value Chain Analysis
Figure 16 Value Chain: Mdr Market
5.5 Ecosystem
Figure 17 Ecosystem: Mdr Market
5.6 Porter's Five Forces Model Analysis
Figure 18 Porter's Five Forces Analysis: Mdr Market
Table 5 Porter's Five Forces Impact Analysis
5.6.1 Threat From New Entrants
5.6.2 Bargaining Power Of Suppliers
5.6.3 Bargaining Power Of Buyers
5.6.4 Threat Of Substitutes
5.6.5 Intensity Of Competition Rivalry
5.7 Key Stakeholders And Buying Criteria
5.7.1 Key Stakeholders In The Buying Process
Figure 19 Influence Of Stakeholders In The Buying Process (%)
Table 6 Influence Of Stakeholders In The Buying Process (%)
5.8 Pricing Model Analysis
5.8.1 Selling Prices Of Key Players, By Team Size And Endpoint
Table 7 Selling Prices Of Key Players (Usd)
5.9 Technology Analysis
5.9.1 Expansion In Api Security Monitoring
5.9.2 Integration With Edge Security
5.10 Patent Analysis
Figure 20 Patent Analysis: Mdr Market
5.11 Trends And Disruptions Impacting The Customer's Business
Figure 21 Trends And Disruptions Impacting The Customer's Business: Mdr Market
5.12 Tariff And Regulatory Landscape
5.12.1 Payment Card Industry Data Security Standard (Pci-Dss)
5.12.2 Health Insurance Portability And Accountability Act (Hipaa)
5.12.3 Federal Information Security Management Act (Fisma)
5.12.4 Gramm-Leach-Bliley Act (Glba)
5.12.5 Sarbanes-Oxley Act (Sox)
5.12.6 The International Organization For Standardization (Iso) Standard 27001
5.12.7 European Union General Data Protection Regulation (Eu Gdpr)
5.12.8 Regulatory Bodies, Government Agencies, And Other Organizations
Table 8 List Of Regulatory Bodies, Government Agencies, And Other Organizations
5.13 Key Conferences And Events In 2022-2023
Table 9 Mdr Market: List Of Conferences And Events

6 Managed Detection And Response Market, By Service Type
6.1 Introduction
6.2 Protective Monitoring
6.3 Prioritization Of Threats And Alerts
6.4 Threat Hunting
6.5 Managed Investigation Services
6.6 Guided Response
6.7 Managed Remediation

7 Managed Detection And Response Market, By Security Type
7.1 Introduction
Figure 22 Cloud Security Segment To Record The Highest Growth Rate During The Forecast Period
Table 10 Market Size, By Security Type, 2016-2021 (Usd Million)
Table 11 Market Size, By Security Type, 2022-2027 (Usd Million)
7.2 Endpoint Security
7.2.1 Endpoint Security: Market Drivers
Table 12 Endpoint Security: Market Size, By Region, 2016-2021 (Usd Million)
Table 13 Endpoint Security: Market Size, By Region, 2022-2027 (Usd Million)
7.3 Network Security
7.3.1 Network Security: Market Drivers
Table 14 Network Security: Market Size, By Region, 2016-2021 (Usd Million)
Table 15 Network Security: Market Size, By Region, 2022-2027 (Usd Million)
7.4 Cloud Security
7.4.1 Cloud Security: Managed Detection And Response Market Drivers
Table 16 Cloud Security: Market Size, By Region, 2016-2021 (Usd Million)
Table 17 Cloud Security: Market Size, By Region, 2022-2027 (Usd Million)
7.5 Other Security Types
Table 18 Other Security Types: Market Size, By Region, 2016-2021 (Usd Million)
Table 19 Other Security Types Market Size, By Region, 2022-2027 (Usd Million)

8 Managed Detection And Response Market, By Deployment Mode
8.1 Introduction
Figure 23 Cloud Deployment Mode Segment To Account For A Larger Market Size During The Forecast Period
Table 20 Market Size, By Deployment Mode, 2016-2021 (Usd Million)
Table 21 Market Size, By Deployment Mode, 2022-2027 (Usd Million)
8.2 On-Premises
8.2.1 On-Premises: Market Drivers
Table 22 On-Premises Market Size, By Region, 2016-2021 (Usd Million)
Table 23 On-Premises Market Size, By Region, 2022-2027 (Usd Million)
8.3 Cloud
8.3.1 Cloud: Market Drivers
Table 24 Cloud Market Size, By Region, 2016-2021 (Usd Million)
Table 25 Cloud Market Size, By Region, 2022-2027 (Usd Million)

9 Managed Detection And Response Market, By Organization Size
9.1 Introduction
Figure 24 Small And Medium-Sized Enterprises Segment To Account For A Larger Market Size During The Forecast Period
Table 26 Market Size, By Organization Size, 2016-2021 (Usd Million)
Table 27 Market Size, By Organization Size, 2022-2027 (Usd Million)
9.2 Small And Medium-Sized Enterprises
9.2.1 Small And Medium-Sized Enterprises: Market Drivers
Table 28 Small And Medium-Sized Enterprises Market Size, By Region, 2016-2021 (Usd Million)
Table 29 Small And Medium-Sized Enterprises Market Size, By Region, 2022-2027 (Usd Million)
9.3 Large Enterprises
9.3.1 Large Enterprises: Market Drivers
Table 30 Large Enterprises Market Size, By Region, 2016-2021 (Usd Million)
Table 31 Large Enterprises Market Size, By Region, 2022-2027 (Usd Million)

10 Managed Detection And Response Market, By Vertical

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