Press release
Propelling Managed Detection And Response Market: Anticipated market boom by 20.3% CAGR, driven by Vendor Consolidation and Cybersecurity Threats
Managed Detection And Response Market
What Is The Projected Market Size Of The Global Managed Detection And Response Market And Its Growth Rate?
Managed Detection and Response market size has seen a significant boom in the recent years with anticipated stellar growth numbers.
•2024 Market Size: $2.95 billion
•2025 Market Size: $3.47 billion (17.6% CAGR)
•2029 Market Size: $7.27 billion (20.3% CAGR)
The market growth is attributed to aspects like customization and flexibility demands, cost-effectiveness, improved incident response efficiency, and an evident shift to cloud and remote work arrangements.
What Is Driving The Growth In The Managed Detection And Response Market?
The escalating concerns regarding cyber attacks and threats targeted at enterprises are predominantly driving the growth of the managed detection and response market. A surge in cybercrime has been observed, impacting a colossal number of people and businesses, thus necessitating robust cybersecurity systems. Managed detection and response systems adequately fulfil this need with their ability to detect malicious network activities and offering swift incident response mechanisms to eliminate those threats.
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Who Are the Key Players Driving Managed Detection And Response Market Growth?
The most influential players in the market include:
•CrowdStrike Holdings Inc.
•Rapid7
•Red Canary Inc.
•Arctic Wolf Networks
•Kudelski Security
•SentinelOne Inc.
•Proficio
•Expel Inc.
•Secureworks Inc.
•Alert Logic
•Esentire Inc.
•BAE Systems
•FireEye Inc.
•Cisco Systems Inc.
•Trustwave Holdings
•Mandiant
•Binary Defense
•Sophos Group PLC
•Ackcent Cybersecurity
•ActZero.ai
•Aiuken Cybersecurity
•GoSecure Inc.
•Ingalls Managed Detection and Response
•IntelliGO Networks Inc.
•IronNet Cyber Operations Center
•Open Systems AG
•Optiv Security Inc.
•Raytheon Technologies Corporation
•Cybereason
•Cysiv Inc.
What Are The Key Trends In The Managed Detection And Response Market?
Significant trends foreseen in the managed detection and response market include:
•Resilience and incident response
•User behavior analytics (UBA)
•Managed security service providers (MSSPs)
•Threat intelligence integration
•IoT and endpoint security
What Are The Segments Of The Global Managed Detection And Response Market?
The global market can be categorized into several segments:
1) By Service Type: Retained Incident Response, Threat Detection, Protective Monitoring, Other Service Types
2) By Security Type: Network Security, Endpoint Security, Cloud Security, Application Security, Other Securities
3) By Deployment: On-Premises, Cloud
4) By Organization Size: SMEs, Large Enterprises
5) By Industry Vertical: Banking, Financial Service And Insurance (BFSI), IT And Telecommunications, Government And Defense, Energy And Utilities, Other Industry Verticals
Which Region Leads The Managed Detection And Response Market?
North America dominated the managed detection and response market in 2024, proving to be the largest regional market. The market report extensively covers regions such as Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Managed Detection And Response Market Global Market Report?
- Market Size Analysis: Analyze the Managed Detection And Response Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Managed Detection And Response Market for effective categorization.
- Key Player Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Managed Detection And Response Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Managed Detection And Response Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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