Press release
Incident Response Global Market Report 2024 - By Report, Size, Share, Trends, Forecast To 2033
The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033The Business Research Company offers in-depth market insights through Incident Response Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
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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Market Segmentation:
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
Major Driver - Rising Cyber Threat Landscape Fuels Surge In Incident Response Market
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.
Competitive Landscape:
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.
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Top Trend - Advanced Solutions To Tackle Modern Cyber Threat Challenges
Major companies in the incident response market are focused on developing advanced solutions, such as automated incident response solutions, to tackle modern cyber threat challenges and maximize their profits in the market. Automated incident response solutions are tools that use advanced technologies to detect, analyze, and remediate security incidents swiftly and efficiently without manual intervention. For instance, in April 2022, Cybereason, a US-based software company, launched Cybereason DFIR (Digital Forensics Incident Response), an automated incident response solution using the MalOp Detection Engine to detect and remediate security breaches efficiently. The tool aims to help organizations combat the increasing speed of modern cyber threats by providing automated threat detection and incident response, reducing manual administrative tasks for security analysts.
The Table Of Content For The Market Report 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 Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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