Global Incident Response Market Overview 2033 : Forecasted Market Size And Growth Rate | Verizon Communications Inc., The International Business Machines Corporation, Cisco Systems Inc., BAE Systems plc, Cybrary Inc.

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The Business Research Company presents an extensive market research report on the Incident Response Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.

Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.

Market Sizing:

The incident response market size has grown rapidly in recent years. It will grow from $34.01 billion in 2023 to $40.52 billion in 2024 at a compound annual growth rate (CAGR) of 19.1%. The growth in the historic period can be attributed to rise in cybersecurity threats, regulatory compliance requirements, increased frequency and sophistication of attacks, protecting reputation and customer trust, acknowledgment of inevitability of breaches.

The incident response market size is expected to see exponential growth in the next few years. It will grow to $87.57 billion in 2028 at a compound annual growth rate (CAGR) of 21.2%. The growth in the forecast period can be attributed to evolution of attack vectors, integration with threat intelligence, collaboration and information sharing, automation and orchestration capabilities, focus on insider threats. Major trends in the forecast period include integration with endpoint detection and response (EDR), remote incident response capabilities, emphasis on threat hunting, incident response as a service (IRaaS).

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Key Market Players:

Major companies operating in the incident response market report are Verizon Communications Inc., The International Business Machines Corporation, Cisco Systems Inc., BAE Systems plc, Cybrary Inc., Palo Alto Networks Inc., Symantec Corporation, CrowdStrike Holdings Inc., Check Point Software Technologies, McAfee Corp., Digital Guardian, Kudelski Security, FireEye Inc., RSA Security LLC, Optiv Security Inc., Rapid7, SecureWorks Inc., Tanium Inc., Trustwave Holdings, LogRhythm Inc., Cybereason Inc., RiskIQ, Anomali Inc., Cofense Inc., Swimlane LLC, D3 Security Management Systems Inc., Resolve Systems LLC, AlienVault Inc., Carbon Black Inc., NTT Security Holdings, Blackberry Limited, Cynet, Siemplify Ltd.

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 recognizing cybersecurity attacks. So, growing cyber-attacks are boosting the growth of the incident response market. For instance, in January 2023, according to the new data provided by Checkpoint, an Israel-based provider of software and hardware products for IT security, the cyberattacks increased by 38% in 2022 globally, compared to 2021. Therefore, an increase in cyber-attacks is expected to propel the growth of the incident response market going forward.

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The incident response market covered in this report is segmented -

1) By Component: Solution, Services
2) By Deployment Mode: Cloud, On-Premise
3) By Organization Size: Small And Medium-Sized Enterprise, Large Enterprises
4) By Security Type: Web Security, Application Security, Endpoint Security, Network Security, Cloud Security
5) By Vertical: Government, Healthcare And Life Sciences, Retail And Ecommerce, Travel And Hospitality, Manufacturing, Telecom And IT, Other Verticals

The report answers the following questions:
What are the primary factors propelling the market during the projected period?

In which region is the most substantial growth expected?

Which trend will take center stage in the upcoming period?

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