Global Managed Detection And Response Industry Outlook 2025-2029: Market Set to Cross $7.18 Billion Milestone

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How Large Will the Managed Detection And Response Market Size By 2025?
The market size for managed detection and response has seen a swift expansion over the recent years. The market size is projected to increase from $2.95 billion in 2024 to $3.46 billion in 2025, marked by a compound annual growth rate (CAGR) of 17.1%. The noted surge during the historic period can be credited to factors such as the increasing demand for customization and flexibility, vendor amalgamation, cost efficiency, efficient incident response, and the transition towards cloud and remote work.

How Big Is the Managed Detection And Response Market Size Expected to Grow by 2029?
In the coming years, the market size of managed detection and response is anticipated to undergo extensive growth. With a compound annual growth rate (CAGR) of 20.1%, it is projected to reach $7.18 billion by the end of 2029. This predicted expansion within the projection period can be credited to factors such as market competition & consolidation, a strong value proposition, an emphasis on swift response, the rise of remote work, and a scarcity of talent in security. Significant trends to watch in this forecast period are resilience and incident response, user behavior analytics (UBA), managed security service providers (MSSPs), threat intelligence integration, along with IoT and endpoint security.

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Which Key Market Drivers Powering Managed Detection And Response Market Expansion and Growth?
The increasing worry over cyber-attacks and threats aimed at businesses is predicted to fuel the expansion of the managed detection and response market. A cyber-attack is an illegal attempt to breach a computer system or network to inflict harm. Managed detection and response tools are cyber security systems under management designed to identify harmful network behavior and malware breaches, allowing for quick incident response to promptly eliminate these risks. For example, in September 2023, AAG, an IT support services provider, indicated that 39% of UK firms revealed that they endured a cyber-attack in 2022. Moreover, in the initial half of 2022, cybercrime affected 53.35 million individuals in the US. Thus, the escalating worry about cyber-attacks and threats aimed at corporations is pushing the growth of the managed detection and response market.

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Which Fast-Growing Trends Are Poised to Disrupt the Managed Detection And Response Market?
The rise of technological advancements is an emerging trend that's garnering attention in the managed detection and response market. Many leading corporations in this sector are concentrating their efforts on creating novel technological solutions tailored to the needs of their clientele. A case in point is UK's cybersecurity firm, Darktrace plc. In June 2024, the company unveiled its Darktrace Managed Detection & Response (MDR) service. The MDR service from Darktrace amalgamates AI-enabled threat detection and 24/7 human professional assistance, thereby fortifying the security processes of organizations. The service aims to bolster in-house security squads through superior alert management and efficacious threat isolation. By incorporating these facilities, the service augments an organization's overall security stance.

What Are the Emerging Segments in the Managed Detection And Response Market?
The managed detection and responsemarket covered in this report is segmented -

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

Subsegments:
1) By Retained Incident Response: On-Demand Incident Response, Proactive Threat Hunting, Forensic Analysis
2) By Threat Detection: Network-Based Detection, Endpoint Detection And Response (EDR), Log Management And Analysis
3) By Protective Monitoring: Security Information And Event Management (SIEM), Continuous Security Monitoring, Vulnerability Management
4) By Other Service Types: Risk Assessment, Compliance Management, Security Awareness Training

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Who Are the Global Leaders in the Managed Detection And Response Market?
Major companies operating in the managed detection and response market are 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.

Which are the Top Profitable Regional Markets for the Managed Detection And Response Industry?
North America was the largest region in the managed detection and response market in 2024. The regions covered in the managed detection and response market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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