Managed Detection and Response Market: Size and Forecast by 2028
Data Bridge Market Research recently undertook a comprehensive market intelligence investigation into the managed detection and response market. Their freshly released report adopts an attractive format, effectively presenting crucial data through visually captivating tables, graphs, charts, and figures.
The managed detection and response market report offers a comprehensive breakdown of data categorized by manufacturers, regions, types, and applications, encompassing market status, shares, growth rates, future trends, drivers, opportunities, challenges, emerging trends, risks, entry barriers, sales channels, and distributors. It furnishes vital statistics on the market's status for both Global and Regional manufacturers, serving as an invaluable compass for companies and individuals invested in the managed detection and response market industry. This market research report serves as a reservoir, delivering current and forthcoming technical and financial insights for the industry's forecasted period.
In addressing critical business queries and challenges, this managed detection and response market research report emerges as an indispensable resource, guiding businesses toward informed decisions. By focusing on industry data and realities, it steers businesses in the right direction. Through meticulous analysis, the report scrutinizes the market's current potential and future prospects from multifaceted perspectives. To enhance user experience, all statistical and numerical data within this report are presented in a clear, accessible manner. Moreover, this managed detection and response market report incorporates a systematic investment analysis, illuminating forthcoming opportunities for market players.
The managed detection and response market is expected to witness market growth at a rate of approximately 21.56% in the forecast period of 2021 to 2028.
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Key Growth Drivers:
The increasing demand for managed detection and response (MDR) because of rising adoption of security as a service and the use of MDR service to continuously supervise cyber assets for alerting to validate exploits, advanced threats, responding to confirmed incidents, and rapid investigation are the major factors driving the managed detection and response market. The increasing utilization of managed detection and response (MDR) to reduce the cyber security, assist in identifying threats helping individuals business in order to improve defenses and consumer inclination as they provide wide range of threats that are preventative cyber security solutions including firewalls accelerate the managed detection and response market growth. The increase in the number of cyber-attacks and threats targeting enterprises, raise in need for compliance drive the adoption of services and shortage of cybersecurity professionals influence the managed detection and response market. Additionally, the need for cost-effective methods, implementation of government regulations, increasing penetration of IoT and technological proliferation positively affect the managed detection and response market. Furthermore, emergence of machine learning/Ai-powered MDR services, adoption of MDR across SMEs and merge with traditional service providers extends profitable opportunities to the managed detection and response market players in the forecast period of 2021 to 2028.
The report emphasizes the participation of key entities, notably:
BAE Systems, FireEye, Inc., IBM Corporation, Optiv Security Inc., Kudelski Security, Atos SE, Arctic Wolf Networks Inc., WatchGuard Technologies, Inc., Rapid7, Raytheon Technologies Corporation, Redscan, F-Secure, CrowdStrike, NetWorks Group, Mnemonic, Alert Logic, Cisco, eSentire, Inc., MORPHICK, INC., Netswitch Technology Management, RSA Security LLC among other domestic and global players.
Report Scope:
- Analysis of market trends influencing the managed detection and response market growth.
- Examination of trends within key regional and country-level markets based on type, function, and application.
- Providing a comprehensive overview of the managed detection and response market.
- Evaluation of historical, current, and projected market sizes in terms of volume and value.
- Offering a neutral perspective on market performance.
- Essential information for market players seeking to maintain and expand their market presence.
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Key Market Segmentation
By Security Type (Endpoint Security, Network Security, Application Security, Cloud Security, Others), Deployment (On-Premises, Hosted), Organization Size (Small and Medium-Sized Enterprises (SMEs), Large Enterprises), Industry Vertical (Banking, Financial Services and Insurance (BFSI), IT and Telecommunications, Government and Defense, Energy and Utilities, Manufacturing, Healthcare, Retail, Others)
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