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The Incident Response Market Is Expected To Grow At A CAGR Of 20.4% During The Forecast Period 2023-2032 || Rapid7, McAfee Corp., FireEye, Palo Alto Networks Inc
Incident Response Market
Incident Response Market Size, Growth Rate, And Forecast
The global incident response market size grew from $29.26 billion in 2022 to $35.27 billion in 2023 at a compound annual growth rate (CAGR) of 20.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The incident response market size is expected to grow to $74.14 billion in 2027 at a CAGR of 20.4%.
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Incident Response Market Drivers
An increase in cyber-attacks is significantly contributing to the growth of the incident response market. A cyber-attack is an attempt to steal data, disable computers, or breach the computer system to launch additional attacks. It is an attack by cybercriminals against single or multiple networks or computers. Incident response plays an important role in dealing with and recognising cybersecurity attacks. So, growing cyber-attacks are boosting the growth of the incident response market. For instance, according to The Economic Times, an India-based business daily newspaper, in 2020, the number of cyber security cases reported in India was 1.16 million, three times more than in the previous year. Therefore, an increase in cyber-attacks is expected to propel the growth of the incident response market going forward.
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Incident Response Market Segments
• By Component: Solution, Services
• By Deployment Mode: Cloud, On-Premise
• By Organization Size: Small And Medium-Sized Enterprise, Large Enterprises
• By Security Type: Web Security, Application Security, Endpoint Security, Network Security, Cloud Security
• By Vertical: Government, Healthcare And Life Sciences, Retail And Ecommerce, Travel And Hospitality, Manufacturing, Telecom And IT, Other Verticals
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the incident response market.
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Incident Response Market Key Players
Major competitors in the incident response market are Rapid7, McAfee Corp., FireEye, Palo Alto Networks Inc., IBM, Check Point Software Technologies, Cisco Systems Inc., BAE Systems plc, Verizon Communications Inc., CrowdStrike Holdings Inc.
The Business Research Company's "Global Incident Response Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Incident Response Market Include:
1. Executive Summary
2. Incident Response Market Characteristics
3. Incident Response Market Trends And Strategies
4. Incident Response Market - Macro Economic Scenario
5. Incident Response Market Size And Growth
………………
27. Incident Response Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Incident Response Market
29. Incident Response Market Future Outlook and Potential Analysis
30. Appendix
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