The increasing penetration of IoT in the operation of different industries and the elevating number of cyber-attacks are some of the factors boosting the Managed Detection and Response (MDR) market.
Market Size – USD 547.0 Million in 2018, Market Growth – CAGR of 30.4%, Market Trends –The rising incorporation of MDR in SMEs.
The Global Managed Detection and Response (MDR) market is forecast to reach USD 4,607.9 Million by 2026, according to a new report by Reports and Data. MDR can be considered as an outsourced service that provides threat responding and identifying services to organizations, once any threat is discovered. Various factors are supporting the growth of the market. The fact that, in 2016, 2 million cybersecurity positions were unfilled, which is expected to increase to elevate to 3.5 million by 2021, clearly establishes the need for the right cybersecurity personnel in a large number of organizations.
Furthermore, the report also covers a thorough analysis of the key factors influencing the market growth. The report considers the COVID-19 pandemic as one of the major factors affecting the expansion of the market. The pandemic has affected the market directly by disrupting the global supply chains, halting the manufacturing and production processes, and altering the economic landscape of the market. The report also offers a current and future assessment of the impact of the pandemic on the Managed Detection and Response (MDR) market.
Some of the key players operating in the Managed Detection and Response (MDR) market are IBM, Bae Systems, Fireeye, Kudelski Security, Optiv Security, Arctic Wolf Networks, Paladion, Rapid7, Watchguard, and Redscan.
Click on the Link to Read Key Highlights of the Report and Look at Projected Trends for Years to Come @ https://www.reportsanddata.com/report-detail/managed-detection-and-response-mdr-market
Security Type Outlook (Revenue, USD Million; 2016-2026)
- Network Security
- Endpoint Security
- Cloud Security
- Application Security
- Others
Organization Size Type Outlook (Revenue, USD Million; 2016-2026)
- Large Enterprises
- Small and Medium-Sized Enterprises
Service Type Outlook (Revenue, USD Million; 2016-2026)
- Retained Incident Response
- Threat Detection
- Protective Monitoring
- Others
Deployment Type Outlook (Revenue, USD Million; 2016-2026)
- Hosted
- On-Premises
End-user Type Outlook (Revenue, USD Million; 2016-2026)
- Healthcare
- Banking, Financial Services, and Insurance [BFSI]
- Energy and Utilities
- Telecommunications and IT
- Government and Defense
- Retail
- Manufacturing
- Others
