Global Managed Detection and Response (MDR) Market is anticipated to grow at a CAGR of 35.8% between 2017 and 2025.

RESEARCH METHODOLOGY: MANAGED DETECTION AND RESPONSE MARKET

Managed Detection and Response Market Insights

The global managed detection and response (MDR) market is anticipated to grow at a CAGR of 35.8% over the forecast period. The market demand is expected to be influenced by increased incidences of cybercrimes and threats across the globe. Managed detection and response services are a mix of technology and skills that provide global threat intelligence, rapid incident mitigation, advanced threat detection, and collaborative breach response throughout the day.

Managed detection and response services are not considered as a replacement of traditional managed security services. Moreover, it enhances traditional managed security services with increased emphasis on detection and response to breaches with the help of complementary technologies and services on response orchestration, threat intelligence, and security analytics.

Managed Detection and Response Market: Service Insights

MDR service as defined by Paladion is segmented into time to detect services and time to respond services. Time to detect service segment is likely to witness a significant growth over the forecast period due to its portfolio of services ranging from anticipation of threat to security monitoring.

Time to detect service type is further segregated into threat anticipation, threat hunting, and security monitoring based on their time of action. Threat anticipation service type gathers data & related information from a number of resources and analyses the possibility of threats being caused, followed by choosing appropriate actionable strategy. Threat hunting service type uses a combination of machine learning and manual threat hunting that identifies hidden threats and low-footprint attacks which are not captured by correlation and rule based mechanisms. Security monitoring is mostly used as a safeguard mechanism which monitors the alerts on a 24×7 basis and notifies the clients according to the severity of these alerts.

Time to respond service type is also likely to experience an exponential growth over the forecast period as it caters to the requirements of various industry verticals, prone to cyber threats. The segment is further sub-divided into alert response, incident response, and breach management based on immediate, moderate and deliberate response respectively.

Alert response acts as a bridge between alert notification to incident response plan and activation. Incident response management system ensures that the client along with the enterprise would benefit from the most efficient and effective solution. Breach management addresses those advanced attacks which are difficult to detect.

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Managed Detection and Response Market: Application Insights

The global managed detection and response market is segregated into automotive, BFSI, aerospace & defense, electrical & electronics, and telecommunications amongst others.

The BFSI sector accounted for the highest market share due to the rising fraud and money laundering cases in the industry. Technological advancements in banking sector such as e-banking, ATM, and mobile banking has increased the vulnerability of customers fuelling the demand in the forecast period.

Managed Detection and Response Market: Deployment /Organizational Site Insights

The managed detection and response market is segmented into Cloud and On-Premises, based on deployment mode. Managed detection and response services are mainly deployed to manage and deliver predictive solutions for advanced persistent threats, and other attacks on network security infrastructure.

Based on the Organizational site, the managed detection and response market is divided into Large Enterprises and Small & Medium-Sized Enterprises. The SMEs application segment is likely to witness the highest CAGR over the forecast period attributing to increasing incidences of data breaches on these enterprises coupled with the need to deploy appropriate MDR solutions. SMEs though small in size, but cater to a large number of clients globally.

Managed Detection and Response Market: Regional Insights

Asia Pacific is anticipated to register a substantial market share over the forecast period. This growth is attributed to large investments by several large and small & medium sized enterprises in order to deal with the increasing cyber-attacks, particularly in regions such as China, Japan, and India.

North America is also projected to record a significant CAGR over the coming years due to a large number of existing vendors operating in this region along with growing use of e-tailing and other online-based services.

Managed Detection and Response Market: End-Use Landscape

The end-use landscape includes a list of current and prospective consumers prevailing across the regions. This section provides company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase products from the global managed detection and response market. The major consumers of the product are Verizon Communications Inc. and Allianz amongst others.

Managed Detection and Response Market: Competitor Analysis

Some of the key players profiled in the managed detection and response market include Paladion, Alert Logic, Arctic Wolf Networks, Cisco, CrowdStrike, CSIS, Cybereason, Cynet Systems, Datashield, eSentire, F-Secure, FireEye, Ingalls Information Security, IronNet Cybersecurity, and K2 Intelligence among others

In February 2017, Datashield, a leader in managed detection and response services, announced the release of a new cyber security product called “The Datashield Security Appliance’, built in partnership with DELL EMC, and leveraging RSA's NetWitness Suite.

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