Incident Response Market Size, Share & Trends Analysis Report By Component (Solution, Services), By Vertical (BFSI, Government), By Service Type, By Security Type, By Deployment, By Organization Size, By Region, And Segment Forecasts, 2024 - 2030

Incident Response Market Size, Share & Trends Analysis Report By Component (Solution, Services), By Vertical (BFSI, Government), By Service Type, By Security Type, By Deployment, By Organization Size, By Region, And Segment Forecasts, 2024 - 2030

Incident Response Market Size & Trends

The global incident response market size was estimated at USD 25.67 billion in 2023 and is expected to grow at a CAGR of 19.9% from 2024 to 2030. Various factors, such as the increasing complexity of cyber-attacks, the need for organizations to comply with data privacy regulations, and the growing adoption of cloud computing and advanced technologies, are driving the market growth. Governments and their security entities, including regulatory agencies in different regions, are highly attentive to safeguarding their citizens' and organizations' confidential information against cyber threats. The dynamic nature of these threats has led to the establishment of numerous government regulations worldwide, which organizations must strictly comply with-failure to meet these essential security criteria subjects organizations to substantial fines from government and regulatory authorities.

The growing number of security breaches worldwide is anticipated to propel the market growth. IR plays a crucial role in identifying and managing cyber security threats, such as data breaches, as it aids in mitigating damages and curtailing the time and costs associated with recovery. Furthermore, with the support of an incident response team, organizations can devise strategic preventative measures for incident management and enhance their existing fault detection processes. Consequently, it has become imperative for every company to establish an incident response protocol to swiftly and effectively tackle various security incidents. The surge in the adoption of innovative and advanced technologies across different sectors is contributing to an increase in security breaches, thereby fueling market revenue growth.

A significant trend in the market is the integration of incident response strategies with SOAR (Security Orchestration, Automation, and Response) technologies. SOAR solutions enhance the incident response process by automating routine tasks, coordinating workflows, and combining diverse security tools and technologies in a unified dashboard. This synergy boosts the speed and precision of incident response efforts, facilitating quick identification, examination, and mitigation of security breaches throughout an organization's IT network. By adopting SOAR tools, security departments can decrease response durations, lower risk levels, and heighten the success rate of incident handling, thereby strengthening the overall defense framework of the organization. In addition, SOAR platforms support better teamwork and communication within incident response teams, promoting improved strategy and choices in the face of security challenges. As businesses work to stay abreast of the constantly evolving cyberthreat landscape and handle increasing security alerts, integrating incident response measures with SOAR capabilities is poised to maintain its momentum, spurring further growth and advancements in incident response technology.

Global Incident Response Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global incident response market report based on component, service type, security type, deployment, organization size, vertical, and region:

• Component Outlook (Revenue, USD Billion, 2017 - 2030¬)
• Solution
• Services
• Service Type Outlook (Revenue, USD Billion, 2017 - 2030)
• Retainer
• Assessment and Response
• Tabletop Exercises
• Incident Response Planning and Development
• Advanced Threat Hunting
• Others
• Security Type Outlook (Revenue, USD Billion, 2017 - 2030)
• Web Security
• Application Security
• Endpoint Security
• Network Security
• Cloud Security
• Deployment Outlook (Revenue, USD Billion, 2017 - 2030)
• Cloud
• On-premises
• Organization Size Outlook (Revenue, USD Billion, 2017 - 2030)
• SMEs
• Large Enterprises
• Vertical Outlook (Revenue, USD Billion, 2017 - 2030)
• BFSI
• Government
• Healthcare & Life Sciences
• Retail & E-Commerce
• Travel & Hospitality
• Manufacturing
• IT & Telecom
• Others
• Regional Outlook (Revenue, USD Billion, 2017 - 2030)
• North America
• U.S.
• Canada
• Mexico
• Europe
• UK
• Germany
• France
• Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• Latin America
• Brazil
• MEA
• UAE
• South Africa
• KSA

Please note The report will be delivered in 4-8 business days upon order notification.