Global Managed Detection and Response (MDR) Market - 2023-2030
Market Overview
The global managed detection and response (MDR) market reached US$ XX million in 2022 and is projected to witness lucrative growth by reaching up to US$ XX million by 2030. The market is growing at a CAGR of 17.0% during the forecast period (2023-2030).
In order to assist enterprises in defending against cyberattacks, managed detection and response (MDR), a category of cybersecurity service, combines advanced threat detection technology, security professionals and incident response capabilities.
In order to keep an organization's IT systems and networks safe from threats including malware, phishing and unauthorized access, MDR providers employ a variety of technologies and approaches. These tools may include network traffic analysis tools, endpoint detection and response (EDR) software and security information and event management (SIEM) systems.
Market Dynamics
Increasing cybercrimes in modernity
MDR services frequently focus on threats and are proactive. MDR services give threat hunting, identification and reaction more importance than security alert monitoring, in contrast to MSSPs. Throughout the anticipated time frame, there will probably be an increase in the amount of cyberattacks that target businesses, as well as new regulations and compliance standards that are on the horizon.
With the introduction and expanding adoption of concepts like the Internet of Things (IoT) and corporate mobility, businesses across a variety of end-users have boosted their usage of mobile devices to increase employee productivity and gain a substantial competitive edge in the market.
Increased exposure of sensitive data
Outsourcing cybersecurity exposes a company's weaknesses as well as confidential client data to an external party. It is crucial to consider whether hiring cyber security could alter how clients perceive the company's level of security.
Finally, outsourcing might lead to a lack of internal focus on cyber security. The internal security staff may have reasoned that since a third party is now keeping an eye on us, it don't need to be as vigilant. Hence, the increased exposure of sensitive data is a significant barrier impeding the growth of the managed detection and response (MDR) market.
COVID-19 Impact Analysis
The COVID-19 Analysis includes Pre-COVID Scenario, COVID Scenario and Post-COVID Scenario along with Pricing Dynamics (Including pricing change during and post-pandemic comparing it with pre-COVID scenarios), Demand-Supply Spectrum (Shift in demand and supply owing to trading restrictions, lockdown and subsequent issues), Government Initiatives (Initiatives to revive market, sector or Industry by Government Bodies) and Manufacturers Strategic Initiatives (What manufacturers did to mitigate the COVID issues will be covered here).
Segment Analysis
The global managed detection and response (MDR) market is segmented based on security, deployment, organization size, end-user and region.
The high risks on large enterprises
The large enterprises are expected to grow and maintain a sizable proportion during the forecast period. Given their massive digital infrastructure and priceless data assets, large organizations are particularly susceptible to these attacks. They therefore need all-encompassing cybersecurity solutions that can adapt to the shifting threat scenario.
Large businesses frequently lack the internal resources and knowledge necessary to properly manage their cybersecurity operations. Cybersecurity experts must possess particular skills and finding and keeping them can be difficult. Large businesses can access a team of cybersecurity specialists through MDR services, giving them access to proactive threat detection and response tools.
Geographical Analysis
The growing economic transformation in Asia-Pacific
Over the anticipated period, the region is anticipated to have the market for managed detection and response (MDR) develop at the fastest rate. The Asia-Pacific area has a high pace of economic growth while it is quickly industrializing. The growth and diversification of numerous industries have made them a valuable target for hackers. India and China are the main drivers of economic growth in the Asia-Pacific region. These highly populated nations are going through a significant industrialization and economic revolution. Both China and India have thriving IT sectors that provide a range of competitive services on a global scale.
Competitive Landscape
The major global players in the market are CrowdStrike, Rapid7, Red Canary, Inc., Arctic Wolf Networks, Inc., Kudelski Security, SentinelOne, Inc., International Business Machines Corporation, Cisco Systems Inc., SentinelOne, Inc. and Secureworks, Inc.
Why Purchase the Report?
• To visualize the global managed detection and response (MDR) market segmentation based on security, deployment, organization size, end-user and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of managed detection and response (MDR) market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.
The global managed detection and response (MDR) market report would provide approximately 69 tables, 68 figures and 211 pages.
Target Audience 2023
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies
- 1. Methodology and Scope
- 1.1. Research Methodology
- 1.2. Research Objective and Scope of the Report
- 2. Definition and Overview
- 3. Executive Summary
- 3.1. Market Snippet By Security
- 3.2. Market Snippet By Deployment
- 3.3. Market Snippet By Organization Size
- 3.4. Market Snippet By End-User
- 3.5. Market Snippet By Region
- 4. Dynamics
- 4.1. Impacting Factors
- 4.1.1. Drivers
- 4.1.1.1. The rising adoption of MDR services
- 4.1.1.2. Increasing cybercrimes in modernity
- 4.1.2. Restraints
- 4.1.2.1. Increasing exposure of sensitive data
- 4.1.2.2. XX
- 4.1.3. Opportunity
- 4.1.3.1. XX
- 4.1.4. Impact Analysis
- 5. Industry Analysis
- 5.1. Porter's Five Forces Analysis
- 5.2. Supply Chain Analysis
- 5.3. Pricing Analysis
- 5.4. Regulatory Analysis
- 6. COVID-19 Analysis
- 6.1. Analysis of COVID-19
- 6.1.1. Before COVID-19 Scenario
- 6.1.2. Present COVID-19 Scenario
- 6.1.3. Post COVID-19 or Future Scenario
- 6.2. Pricing Dynamics Amid COVID-19
- 6.3. Demand-Supply Spectrum
- 6.4. Government Initiatives Related to the Market During Pandemic
- 6.5. Manufacturers Strategic Initiatives
- 6.6. Conclusion
- 7. By Security
- 7.1. Introduction
- 7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Security
- 7.1.2. Market Attractiveness Index, By Security
- 7.2. Network Security*
- 7.2.1. Introduction
- 7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 7.3. End Point Security
- 7.4. Cloud Security
- 8. By Deployment
- 8.1. Introduction
- 8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Deployment
- 8.1.2. Market Attractiveness Index, By Deployment
- 8.2. On-premises*
- 8.2.1. Introduction
- 8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 8.3. Cloud
- 9. By Organization Size
- 9.1. Introduction
- 9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Organization Size
- 9.1.2. Market Attractiveness Index, By Organization Size
- 9.2. Small & Medium Enterprises (SMEs)*
- 9.2.1. Introduction
- 9.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 9.3. Large Enterprises
- 10. By End-User
- 10.1. Introduction
- 10.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 10.1.2. Market Attractiveness Index, By End-User
- 10.2. BFSI*
- 10.2.1. Introduction
- 10.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 10.3. IT & Telecom
- 10.4. Retail
- 10.5. Healthcare
- 10.6. Government
- 10.7. Others
- 11. By Region
- 11.1. Introduction
- 11.2. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
- 11.3. Market Attractiveness Index, By Region
- 11.4. North America
- 11.4.1. Introduction
- 11.4.2. Key Region-Specific Dynamics
- 11.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Security
- 11.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Deployment
- 11.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Organization Size
- 11.4.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 11.4.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 11.4.7.1. U.S.
- 11.4.7.2. Canada
- 11.4.7.3. Mexico
- 11.5. Europe
- 11.5.1. Introduction
- 11.5.2. Key Region-Specific Dynamics
- 11.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Security
- 11.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Deployment
- 11.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Organization Size
- 11.5.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 11.5.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 11.5.7.1. Germany
- 11.5.7.2. UK
- 11.5.7.3. France
- 11.5.7.4. Rest of Europe
- 11.6. South America
- 11.6.1. Introduction
- 11.6.2. Key Region-Specific Dynamics
- 11.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Security
- 11.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Deployment
- 11.6.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Organization Size
- 11.6.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 11.6.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 11.6.7.1. Brazil
- 11.6.7.2. Argentina
- 11.6.7.3. Rest of South America
- 11.7. Asia-Pacific
- 11.7.1. Introduction
- 11.7.2. Key Region-Specific Dynamics
- 11.7.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Security
- 11.7.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Deployment
- 11.7.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Organization Size
- 11.7.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 11.7.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 11.7.7.1. China
- 11.7.7.2. India
- 11.7.7.3. Japan
- 11.7.7.4. Australia
- 11.7.7.5. Rest of Asia-Pacific
- 11.8. Middle East and Africa
- 11.8.1. Introduction
- 11.8.2. Key Region-Specific Dynamics
- 11.8.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Security
- 11.8.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Deployment
- 11.8.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Organization Size
- 11.8.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 12. Competitive Landscape
- 12.1. Competitive Scenario
- 12.2. Market Positioning/Share Analysis
- 12.3. Mergers and Acquisitions Analysis
- 13. Company Profiles
- 13.1. CrowdStrike
- 13.1.1. Company Overview
- 13.1.2. Product Portfolio and Description
- 13.1.3. Key Highlights
- 13.1.4. Financial Overview
- 13.2. Rapid7
- 13.3. Red Canary, Inc.
- 13.4. Arctic Wolf Networks, Inc.
- 13.5. Kudelski Security
- 13.6. SentinelOne, Inc.
- 13.7. International Business Machines Corporation
- 13.8. Cisco Systems Inc.
- 13.9. Secureworks, Inc.
- 13.10. Accenture Plc.
- LIST NOT EXHAUSTIVE
- 14. Appendix
- 14.1. About Us and Services
- 14.2. Contact Us
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