Managed Detection and Response (MDR) The global managed detection and response (MDR) market reached USD million in 2022 and is projected to witness lucrative growth by reaching up to USD million by 2030. The market is growing at a CAGR of 17.0% during the forecast period (2024-2031). In order to detect threats in real time, MDR providers often use a number of technologies, including network traffic analysis tools, SIEM (Security Information and Event Management), EDR (Endpoint Detection and Response) and SIEM (Security Information and Event Management) technologies.
Due to the growing frequency and complexity of cyberattacks, the managed detection and response (MDR) industry is anticipated to experience considerable growth over the next few years. MDR services give businesses the cutting-edge threat detection and response tools they need to defend against today's cyberthreats.
Managed Detection and Response (MDR) Market Dynamics
The rising adoption of MDR services
80% of reported cybercrimes in the information technology sector are often the result of phishing assaults. The most costly method of data leakage, phishing, accounted for 16% of all breaches and resulted in average damages of US$4.91 million. Businesses now incur significant costs as a result of phishing assaults; arguably the most well-known instance is the US$ 100 million loss experienced by Google and Facebook in 2017. Also, according to Cybersecurity Ventures, by 2025, cybercrime is predicted to cost the world US$ 30 billion annually.
Increasing cyber crimes in modernity
MDR service providers give outsourced detection and response to threats & cyberattacks to businesses operating across various industrial verticals. Because of it, companies are hiring qualified service providers to take care of their security management requirements more frequently. Several large enterprises are adopting managed detection and response services since their in-house team only deals with security on a part-time basis and they are unable to recognize potential threats.
Managed Detection and Response (MDR) Market Segment Analysis
The global managed detection and response (MDR) market is segmented based on security, deployment, organizaion size, end-user and region.
The improved data privacy in on-premises deployment
On-premises deployment has a sizable market share in terms of usage. In the international market for managed detection and response (MDR), on-premises implementation is frequently utilised. Organizations can install and administer their own MDR solutions inside of their IT infrastructure with on-premises deployment. MDR solutions are hosted and managed by a third-party provider in cloud-based deployment, which is different from it.
Data privacy is strengthened with on-premises deployment, which is one of its main benefits. With on-premises MDR solutions, businesses have total control over their data and can make sure it is always safe and secure. Organizations handling sensitive or private data, such those in the banking and healthcare sectors, should pay particular attention to it.
Managed Detection and Response (MDR) Market Geographical Share
The rapid technology advancements in North America
It is projected that North America will dominate the managed detection and response (MDR) market. Due mostly to U.S., North America is a highly industrialised region at the forefront of several important sectors. The area has a highly developed IT sector that is at the forefront of creating and promoting new technology. It turns U.S. and North America in general into a great target for cyberattacks.
MDR services are utilized in a variety of sectors in North America, including healthcare, finance, retail and government. MDR services are employed in the healthcare sector to safeguard patient information and adhere to HIPAA rules. MDR services are employed in the financial sector to combat financial fraud and adhere to PCI DSS rules.
Managed Detection and Response (MDR) Companies
The major global players include 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.
Key Developments
• In September 2021, Hyzon Motors Inc. declared that it has signed a Memorandum of Understanding (MoU) with Shanghai Hydrogen HongYun Automotive Co. Ltd to purchase 500 hydrogen-powered electric trucks. The first 100 vehicles will likely be purchased before the end of 2021, while the remaining 400 vehicles will be ordered in 2022.
• Toyota Corporation unveiled a new hydrogen production plant and refuelling station at its shuttered auto manufacturing facility in Melbourne, Australia, in advance of the debut of its second-generation fuel-cell vehicle, the Mirai FCEV, in March 2021. The plant contains an on-site 84 kilowatt solar array and a 200 kilowatt electrolyzer that are both powered by 100 kilowatt batteries.
• In December 2021, Edison Motors and Arctic Wolf Networks, Inc. signed a contract for the creation and distribution of a hydrogen-powered, electric city bus. The 125kW ProGen Managed Detection and Response (MDR) engine from Arctic Wolf Networks, Inc. will run the electric bus chassis from Edison Motors.
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 2025
• 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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