Soaring Demand Set to Propel Incident Response Market to $107.61 Billion by 2029

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What Is the Expected CAGR for the Incident Response Market Through 2025?
The market size of incident response has expanded swiftly over the past few years. The sector is projected to increase from $39.68 billion in 2024 to $46.45 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 17.1%. The substantial growth experienced in the previous years derives from factors such as the intensification of cybersecurity threats, enforcement of regulatory compliance requirements, escalating complexity and frequency of attacks, the necessity to safeguard reputation and customer trust, alongside the recognition of the certainty of breaches.

What's the Projected Size of the Global Incident Response Market by 2029?
Expectations are high for the incident response market to experience a significant surge in the coming years. By 2029, it's projected that the market will expand to a size of $107.61 billion, increasing at a compound annual growth rate of 23.4%. The anticipated growth over the forecasted period is due to several factors, including the evolving nature of attack vectors, integration with threat intelligence, enhanced collaboration and information sharing, robust automation and orchestration features, and a concentrated focus on insider threats. Key trends predicted to shape the market during the forecast period include the integration with endpoint detection and response (EDR), the ability to respond to incidents remotely, a greater focus on threat hunting, and the provision of incident response as a service (IRaaS).

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Top Growth Drivers in the Incident Response Industry: What's Accelerating the Market?
The surge in cyber-attacks is considerably stimulating the expansion of the incident response market. Cyber-attacks, which could be an endeavour to seize data, incapacitate computers, or infiltrate the computer system for coordinated attacks, are launched by cybercriminals against one or more networks or computers. The incident response plays a pivotal role in identifying and addressing cybersecurity attacks. Consequently, the escalating cyber-attacks are driving the growth of the incident response market. For instance, Checkpoint, an Israeli company specialising in IT security software and hardware products, provided new data in January 2023 stating a global increase of 38% in cyber-attacks in 2022, as compared to 2021. On this account, the increase in cyber-attacks could further fuel the progress of the incident response market in the future.

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What Trends Will Shape the Incident Response Market Through 2029 and Beyond?
Key players in the incident response market are concentrating their resources on creating unchanging incident response services like retainers. This is to address the diminishing dwell times of cyber threats and secure their position in the market. A retainer provides specified resources or expertise over an agreed time for a steadfast fee. To illustrate, Sophos, a British company that offers cybersecurity as a service, introduced Sophos Incident Response Retainer in August 2023. This provides easy access to the company's incident response service at a fixed cost, including 45 days of round-the-clock Managed Detection and Response (MDR). The retainer quickens response times, enabling Sophos to rapidly tackle active cyber breaches. It also involves external vulnerability scanning and crucial preparedness advice to boost security resilience proactively. With attacker dwell times on the decline, the average dwell time has fallen from ten to eight days.

What Are the Main Segments in the Incident Response Market?
The incident responsemarket 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

Subsegments:
1) By Solution: Incident Response Platforms, Threat Intelligence Tools, Forensic Tools, Security Information And Event Management (SIEM) Solutions
2) By Services: Managed Incident Response Services, Consulting Services, Training And Awareness Programs, Incident Response Planning And Testing Services

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Which Top Companies are Driving Growth in the Incident Response Market?
Major companies operating in the incident response market include Verizon Communications Inc., The International Business Machines Corporation, Cisco Systems Inc., BAE Systems plc, Palo Alto Networks Inc., 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, NTT Security Holdings, Blackberry Limited, Cynet, Siemplify Ltd.

Which Regions Will Dominate the Incident Response Market Through 2029?
North America was the largest region in the incident response market in 2024. The regions covered in the incident response market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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