Over the recent years organizations are investing in managed detection & response to curb advanced threats rather than relying on traditional defenses. The new threats such as targeted attacks, ransomware, multi stage attacks and others are evolving faster to bypass existing security solutions. According to an ESG survey, majority of organizations are deploying additional security controls that incorporate protection from more than one sources. Recently the adoption of EDR grew substantially as organizations and security professionals have realized that detection and response of threats is crucial to protect data. Advancements in endpoint security as a service along with managed endpoint detection and response, offers flexibility and operational efficiencies to the organizations. Managed detection & response market participants have also introduced machine learning and artificial intelligence to detect deeper detection of cybersecurity breach compared to traditional, which relies on rules and signature. For instance, Trend Micro Managed Detection and Response (MDR) is a service that provides detection and response services on behalf of its customers. This service monitors all the endpoint data using advanced analytics and artificial intelligence.
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The Covid-19 pandemic has positively affected the managed detection & response market. Global organizations have mandated their employees to work from home to ensure business as usual, owing to which a huge chunk of sensitive information is shared across untrusted networks leading to cyber-attacks by targeting remote working employees. Thus, cyber security companies and organizations started realizing that firms needed to focus more on the endpoint as a target. For instance, Orange Cyberdefense 11 CyberSOCs analyses more than 50 billion alerts daily. Emergence and increased adoption of concepts such as Internet of Things and enterprise mobility, there is an increased use of mobile devices to boost employee productivity and hence companies are outsourcing their security management task to professional service providers to avoid any data breach. Hence, increased investments by businesses globally is anticipated to fuel the growth of global managed detection & response market over the forecast period.
The global managed detection & response market is expected to grow at a CAGR of 27.7% during the forecast years (2021-2029).
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The detailed research study provides qualitative and quantitative analysis of managed detection & response market. The market has been analyzed from demand as well as supply side. The demand side analysis covers market revenue across regions and further across all the major countries. The supply side analysis covers the major market players and their regional and global presence and strategies. The geographical analysis done emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
Key Findings of the Report:
- It has been observed that small and medium sized organizations are increasingly adopting managed detection and response solutions as it helps protect business’ critical applications and networks. For instance, TELUS has launched cost effective MDR solutions, which can detect and respond to SME cyber security threats. The segment is expected to witness highest growth rate over the period of next eight years.
- Hosted deployment mode is expected to witness highest growth rate in the global managed detection & response market over the forecast period.
- North America held the highest share in the managed detection & response market. There has been an increased awareness regarding the importance to protect the enterprise from cyber-attacks, which is a critical factor driving the region’s growth in the global market.
- Some of the major players operating in the global managed detection & response market are Acalvio Technologies, Inc., Alert Logic, Attivo Networks, BAE Systems, Booz Allen Hamilton, CyberInt, CyberTrap Software GmbH, Cynet, Datasheild, eSentire, Fidelis FireEye, Inc., GuardiCore, NCC Group, Redscan, SecureLink, TRAPX SECURITY, amongst others.
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Global Managed Detection & Response Market:
By Security
- Endpoint Security
- Network Security
- Application Security
- Cloud Security
- Others
By Deployment
- On-Premise
- Hosted
By Organization Size
- Small and Medium Size Enterprises
- Large Enterprises
By Industry Vertical
- BFSI
- Healthcare
- Retail
- Government & Defense
- Manufacturing
- IT & Telecommunications
- Energy & Utilities
- Others
By Region
- North America
-
- U.S.
- Canada
- Mexico
- Rest of North America
-
- Europe
-
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Denmark
- Finland
- Iceland
- Sweden
- Norway
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
-
- Asia Pacific
-
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific
-
- Middle East & Africa
-
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of Middle East & Africa
-
- Latin America
-
- Brazil
- Argentina
- Rest of Latin America
-
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