Global Managed Detection And Response Services Market 2024-2028
The managed detection and response services market is forecasted to grow by USD 6197.7 mn during 2023-2028, accelerating at a CAGR of 23.58% during the forecast period. The report on the managed detection and response services market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by focus on outsourcing business-related tasks beyond an organizations competencies, increase in adoption of hosted services, and growing demand for integrated security solutions.
Technavio's managed detection and response services market is segmented as below:
By End-user
- Large enterprises
- Small and medium enterprises
By Deployment
By Geographical Landscape
- North America
- Europe
- APAC
- South America
- Middle East and Africa
This study identifies the increasing application of user behavior analytics as one of the prime reasons driving the managed detection and response services market growth during the next few years. Also, rising use of internet of things (IoT) and convergence of technologies due to growing complexity of IT infrastructure will lead to sizable demand in the market.
The report on the managed detection and response services market covers the following areas:
- Managed detection and response services market sizing
- Managed detection and response services market forecast
- Managed detection and response services market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading managed detection and response services market vendors that include Alphabet Inc., Arctic Wolf Networks Inc., Armor Defense Inc, Blackpoint Cyber, Booz Allen Hamilton Holding Corp., Broadcom Inc., Check Point Software Technologies Ltd., Cisco Systems Inc., CrowdStrike Holdings Inc., Cybereason Inc, Cynet security Ltd, Dell Technologies Inc., eSentire Inc., Fortinet Inc., International Business Machines Corp., Palo Alto Networks Inc., Rapid7 Inc., SENTINELONE INC., Sophos Ltd., Trend Micro Inc., and Trustwave Holdings Inc.. Also, the managed detection and response services market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.