About Managed Detection and Response
Managed Detection and Response (MDR) helps to detect threats and cyber-attacks and respond to them accordingly, thereby helping enterprises protect their cyber infrastructure from attacks. MDR services detect threats, intrusions, and malicious activities on organizations and direct them to respond proactively to such attacks. MDR service vendors provide the combination of technology solutions with in-house security professionals and analysts that help the enterprises. MDR service providers offer help to reduce the risks of potential attacks and provide real-time protection to organizations.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Managed Detection and Response market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Arctic Wolf Networks (United States), BAE Systems (United Kingdom), CrowdStrike (United States), eSentire (Canada), FireEye (United States), F-Secure (Finland), IBM (United States), Kudelski Security (Switzerland), mnemonic (Norway), NetWorks Group (United States), Optiv Security (United States), Paladion (India), Digital Guardian (United States), Atos (France) and Ankura (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Redscan Cyber Security (United Kingdom), WatchGuard (United States), Rapid7 (United States) and Raytheon (United States).
Segmentation Overview
AMA Research has segmented the market of Global Managed Detection and Response market by and Region.
On the basis of geography, the market of Managed Detection and Response has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End User Industry, the sub-segment i.e. BFSI will boost the Managed Detection and Response market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Organization Size, the sub-segment i.e. Small and Medium Enterprises will boost the Managed Detection and Response market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment, the sub-segment i.e. On-Premises will boost the Managed Detection and Response market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Security Type, the sub-segment i.e. Endpoint Security will boost the Managed Detection and Response market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technological Proliferation and Increasing Penetration of IoT
Market Growth Drivers:
Rising Incidents of Cyber-Attacks and Threats and Shortage of Cybersecurity Professionals and Budget Constraints
Challenges:
Lack of Modern IT Infrastructure
Restraints:
Lack of Trust in Third-Party Applications
Opportunities:
Introduction of Machine Learning and Artificial Intelligence in Managed Detection and Response Services and Increasing Adoption of MDR Across SMES
Market Leaders and their expansionary development strategies
In Jun 2020, Atos announces an agreement to acquire Paladion. This acquisition will bring Managed Detection & Response (MDR) capabilities to the Atos portfolio and create the next generation of Atos’ Prescriptive Security Operations Center offering., and In May 2020, Ankura announced that it has acquired UnitedLex's Managed Detection and Response (MDR) business. The acquisition complements and expands Ankura's Cybersecurity and Privacy capabilities and directly extends its existing Cyber Adversary Threat and Compromise Hunting (CATCH) services.
In Feb 2020, Digital Guardian announced the launch of its Managed Detection & Response (MDR) service, giving organizations a comprehensive data protection solution with 24/7 access to a team of skilled cybersecurity experts who actively hunt, detect, and mitigate external and internal attacks before they can put an organization’s sensitive data at risk.
Key Target Audience
Managed Detection and Response Service Providers, Cybersecurity Vendors, Systems Integrators, IT Security Agencies, Government Agencies, Potential Investors and Technology Investors
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.