Managed Detection and Response Market Size Projected To Show St

• click to rate

  Posted by ashinde June 16, 2023 - Filed in Other - #Managed Detection and Response  #MDR Services  #MDR Solutions  - 354 views
  

  The Global Managed Detection and Response (MDR) market is forecast to reach USD 9.73 Billion by 2030, according to a new report by Reports and Data. MDR can be considered as an outsourced service that provides threat responding and identifying services to organizations, once any threat is discovered. Various factors are supporting the growth of the market. The fact that, in 2016, 2 million cybersecurity positions were unfilled, which is expected to increase to elevate to 3.5 million by 2021, clearly establishes the need for the right cybersecurity personnel in a large number of organizations. The fact mentioned above holds a major scope for expansion of the market. MDR addresses significant issues that adversely impact modern businesses. As an instance, cybersecurity is a major concern of every organization that can be tackled with the help of dedicated security teams. However, recruiting and retaining such a large workforce is feasible and affordable for large organizations that are difficult for small and medium enterprises due to the limitation of resources. It can be resolved with MDR as it is an outsourced service. In regards to region, Europe occupies a dominant market position. The market position held by the region is resultant of rising dependency on electronic networks, its continuous focus on cybercrime and establishing European Cybercrime Centre that emphasizes on law enforcement that positively impacts the demand for the service in this region.

  To download a PDF sample copy of the report, visit @ https://www.reportsanddata.com/download-free-sample/2555

  Further key findings from the report suggest

  • The MDR market held a market share of USD 974.9 Million in the year 2020 and forecasted to grow at a rate of 18.2% during the forecast period.
  • In regards to Security Type, the Endpoint Security segment generated the highest revenue of USD 213.3 Million in 2020, with a growth rate of 30.7% during the forecast period. Network devices are endpoints that are connected remotely, forms the entry point for probable cyber threats. The revenue generated by the Endpoint Security segment is attributed to the fact that, with the help of this type of security continuous real-time threat prevention, detection can be provided that helps in resolving the issue of cyber threat.
  • In the context of the Service Type, the Threat Detection segment held the largest market share of 38.0% in 2020, with a growth rate of 30.7% during the forecast period. The market dominance of the segment is resultant of rising emphasis on preventing data theft among various end-users and effectiveness of this service in analyzing collected forensic data to identify, monitor, and manage security threats.
  • In regards to the End-user, the Banking, Financial Services, and Insurance segment held the largest market share of 26.0% in 2020, with a growth rate of 30.8% during the forecast period. The sector being highly vulnerable to data breaches, security threats, and high cost of every stolen record in data breaches, propels the incorporation of the service.
  • In context to region, Asia Pacific is projected to witness the fastest growth rate of 31.6% during the forecast period, which is expected to occupy 26.9% of the market by 2028. The growth rate experienced by the region is attributed to its digital transformation, well-developed cloud infrastructure, and government initiatives like Digital India.

  Top 10 Companies Operating in the Global Managed Detection and Response Market:

  IBM, Bae Systems, Fireeye, Kudelski Security, Optiv Security, Arctic Wolf Networks, Paladion, Rapid7, Watchguard, and Redscan.

  Inquiry before buying @ https://www.reportsanddata.com/inquiry-before-buying/2555

  The global market is further segmented into type and application:

  Security Type Outlook (Revenue, USD Billion; 2019-2030)

  • Network Security
  • Endpoint Security
  • Cloud Security
  • Application Security
  • Others

  Deployment Outlook (Revenue, USD Billion; 2019-2030)

  • Cloud
  • On-premise
  • Others

  Application Outlook (Revenue, USD Billion; 2019-2030)

  • Banking, Financial Service and Insurance
  • Government and Defense
  • Education and Training
  • Telecommunications and IT
  • Others

  Regional analysis provides insights into key trends and demands in each major country that can affect market growth in the region.

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
  • Asia Pacific (China, India, Japan, South Korea, Rest of APAC)
  • Latin America (Brazil, Rest of LATAM)
  • Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

  Key Takeaways of the Competitive Overview Section:

  • Overview of the company profiles of each market player
  • Industrial chain analysis of each player
  • Revenue share contribution
  • Sales network and distribution channels and net profits and losses of each company
  • Key business growth strategies are undertaken by these players

  Request a customized copy of the report @ https://www.reportsanddata.com/request-customization-form/2555

  Thank you for reading our report. We also offer customized report as per client requirement. Kindly connect with us to know more about customization plan and our team will offer you the altered report.

  Get Explore Latest Research Report by Reports and Data:

  Throttle Cable Market - https://www.reportsanddata.com/report-detail/throttle-cable-market

  Radiation-Tolerant Microcontroller Market - https://www.reportsanddata.com/report-detail/radiation-tolerant-microcontroller-market

  3D Haptic Technology Market - https://www.reportsanddata.com/report-detail/3d-haptic-technology-market

  Voice over New Radio (VoNR) Market - https://www.reportsanddata.com/report-detail/voice-over-new-radio-vonr-market

  Outdoor Air Quality Sensor Market - https://www.reportsanddata.com/report-detail/outdoor-air-quality-sensor-market

  About Reports and Data

  Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, TouchPoints, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provide our clients with the ability to secure an edge over their respective competitors.

  Contact Us:

  John W

  Head of Business Development

  Reports and Data | Web: www.reportsanddata.com

  Direct Line: +1-212-710-1370

  E-mail: sales@reportsanddata.com