Market Overview:
The global managed detection and response market is expected to grow from USD 3.02 Billion in 2018 to USD 10.01 Billion by 2030, at a CAGR of 17.5% during the forecast period. The growth of the global managed detection and response market can be attributed to the increasing number of cyber-attacks and data breaches, growing demand for cloud-based services, and rising need for protection against sophisticated cyber threats. However, lack of awareness about managed detection and response solutions among organizations is a major restraining factor for the growth of this market. Based on type, the endpoint segment is expected to account for the largest share of the global managed detection and response market in 2018.
Product Definition:
Managed Detection and Response (MDR) is a security service that employs dedicated security analysts to monitor and respond to threats on behalf of the customer. MDR services can be used as an early warning system to identify and respond to threats before they cause damage, or as a supplement to an organization's existing security operations. MDR services are important because they provide organizations with increased visibility into their networks, improved threat detection capabilities, and rapid response times when incidents occur.
Endpoint:
Endpoint is a software application that resides on the endpoint device or on the cloud and it's used to detect, respond to and block threats. It can be used in both managed as well as professional services. The factors responsible for market growth are growing awareness about cyber security among consumers, enterprises demand for advanced threat detection capabilities along with increasing spending by government organizations towards cyber security solutions.
Network:
The network and it's usage in the managed detection & response market is a technology that provides an analysis of the threats from cyber-attacks. It helps to monitor, detect, and respond to advanced attacks targeting organizations across different industry verticals. The network & it’s usage in Managed Detection Response (MDR) solutions are designed for large enterprises as well as small & medium businesses (SMB).
Application Insights:
The government & defence segment dominated the global market in terms of revenue in 2017. The growth can be attributed to the rising number of cyber-attacks and data breaches that have become a common occurrence over the past few years. A large number of organizations within this sector are still not taking adequate measures to prevent such incidents from occurring, which is expected to drive demand over the forecast period.
Manufacturing was another prominent application segment accounting for a significant share in 2017 owing to increasing industrialization across developing countries like India and China, which has resulted in an increased risk of physical damage caused by malware or accidents at workplace resulting into downtime. Managed detection & response solutions help manufacturers manage their IT infrastructure by detecting viruses, worms, Trojan horses and other malware; monitoring system activity; analyzing log files; determining suspicious behavior; alerting on unusual events or suspicous software activities through logs or alerts management tools that helps them take preventive measures against potential threats without affecting production workflow.
Regional Analysis:
North America dominated the global market in 2017. The growth can be attributed to the presence of major players, technological advancements, and government initiatives. For instance, in 2015, Cisco Systems collaborated with Department of Homeland Security (DHS) and Federal Emergency Management Agency (FEMA) to enhance its network security products for critical infrastructure protection. This collaboration is aimed at strengthening the nation’s cybersecurity measures against cyberattacks.
Asia Pacific is expected to emerge as a lucrative region over the forecast period owing to increasing adoption by SMEs for detection & response solutions coupled with rising demand from governments & law enforcement agencies for better management of large-scale cyberattacks across various sectors such as banking & financial services, government departments/agencies/military installations among others. Moreover high penetration rates of internet users are also driving regional growth through increased demand from consumers looking for Managed Detection And Response Solutions (MDS).
Growth Factors:
- Increased awareness of cyber threats and the need for proactive security measures by organizations of all sizes.
- The growing number of sophisticated and targeted attacks, which are often not detected by traditional security solutions.
- The increasing complexity of IT environments, with more devices and applications connecting to corporate networks.
- The shortage of skilled cybersecurity professionals, leading organizations to outsource their detection and response needs to MDR providers.
- The rising cost of data breaches, which is motivating organizations to invest in more comprehensive security solutions
Scope Of The Report
Report Attributes
Report Details
Report Title
Managed Detection & Response Market Research Report
By Type
Endpoint, Network, Application, Cloud
By Application
Government & defence, Manufacturing, BFSI, Insurance, IT, Telecommunications
By Companies
IBM, Paladion, Optiv, Bae Systems, Kudelski Security, Arctic Wolf, Rapid7, Redscan, Watchguard, Fireeye
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
190
Number of Tables & Figures
133
Customization Available
Yes, the report can be customized as per your need.
Global Managed Detection & Response Market Report Segments:
The global Managed Detection & Response market is segmented on the basis of:
Types
Endpoint, Network, Application, Cloud
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Government & defence, Manufacturing, BFSI, Insurance, IT, Telecommunications
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- IBM
- Paladion
- Optiv
- Bae Systems
- Kudelski Security
- Arctic Wolf
- Rapid7
- Redscan
- Watchguard
- Fireeye
Highlights of The Managed Detection & Response Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Endpoint
- Network
- Application
- Cloud
- By Application:
- Government & defence
- Manufacturing
- BFSI
- Insurance
- IT
- Telecommunications
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Managed Detection & Response Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Managed Detection & Response (MD&R) is a proactive approach to detecting and responding to cyberattacks. MD&R involves the use of automated systems and processes that help organizations detect, assess, respond to, and recover from cyberattacks.
Some of the major companies in the managed detection & response market are IBM, Paladion, Optiv, Bae Systems, Kudelski Security, Arctic Wolf, Rapid7, Redscan, Watchguard, Fireeye.
The managed detection & response market is expected to register a CAGR of 17.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Managed Detection & Response Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Managed Detection & Response Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Managed Detection & Response Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Managed Detection & Response Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Managed Detection & Response Market Size & Forecast, 2020-2028
4.5.1 Managed Detection & Response Market Size and Y-o-Y Growth
4.5.2 Managed Detection & Response Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Endpoint
5.2.2 Network
5.2.3 Application
5.2.4 Cloud
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Government & defence
6.2.2 Manufacturing
6.2.3 BFSI
6.2.4 Insurance
6.2.5 IT
6.2.6 Telecommunications
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Managed Detection & Response Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Managed Detection & Response Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Endpoint
9.6.2 Network
9.6.3 Application
9.6.4 Cloud
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Government & defence
9.10.2 Manufacturing
9.10.3 BFSI
9.10.4 Insurance
9.10.5 IT
9.10.6 Telecommunications
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Endpoint
10.6.2 Network
10.6.3 Application
10.6.4 Cloud
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Government & defence
10.10.2 Manufacturing
10.10.3 BFSI
10.10.4 Insurance
10.10.5 IT
10.10.6 Telecommunications
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Endpoint
11.6.2 Network
11.6.3 Application
11.6.4 Cloud
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Government & defence
11.10.2 Manufacturing
11.10.3 BFSI
11.10.4 Insurance
11.10.5 IT
11.10.6 Telecommunications
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Endpoint
12.6.2 Network
12.6.3 Application
12.6.4 Cloud
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Government & defence
12.10.2 Manufacturing
12.10.3 BFSI
12.10.4 Insurance
12.10.5 IT
12.10.6 Telecommunications
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Endpoint
13.6.2 Network
13.6.3 Application
13.6.4 Cloud
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Government & defence
13.10.2 Manufacturing
13.10.3 BFSI
13.10.4 Insurance
13.10.5 IT
13.10.6 Telecommunications
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Managed Detection & Response Market: Competitive Dashboard
14.2 Global Managed Detection & Response Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 IBM
14.3.2 Paladion
14.3.3 Optiv
14.3.4 Bae Systems
14.3.5 Kudelski Security
14.3.6 Arctic Wolf
14.3.7 Rapid7
14.3.8 Redscan
14.3.9 Watchguard
14.3.10 Fireeye
