Research and Markets - Global Incident Response System Market 2016-2020: Opportunities and Threats Faced by the Key Vendors - Amazon, Cisco Systems, Honeywell International, IBM, Lockheed Martin & Rockwell Collins

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Oct 18, 2016, 10:10 ET

DUBLIN, October 18, 2016 /PRNewswire/ --

Research and Markets has announced the addition of the "Global Incident Response System Market 2016-2020" report to their offering.

The global incident response system market to grow at a CAGR of 12.99% during the period 2016-2020.

Incident response is a synchronized effort to address and manage an attack or a security breach after detection. It helps restrict the damage and cut recovery costs and time. An incident response system comprises a response plan that should be followed by the occurrence of an incident. Organization members from departments such as IT staff, security, public relation, and human resource are involved in the plan.

The report covers the present scenario and the growth prospects of the global incident response system market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales geospatial technologies, backup and disaster recovery solutions, threat management solutions, and surveillance systems. The report also includes a discussion of the key vendors operating in this market.

There is scope for M&A as the market is fragmented with the presence of numerous small vendors that mostly operate in niche markets. As the threat management market is technology-driven, large vendors use the technology at their disposal to enter the market. Several large vendors such as Cisco Systems and Fortinet have shown this trend, which will continue in the future. Vendors that do not have a strong presence in the market will increase their acquisition spree as the competition to provide integrated solutions becomes intense.

According to the report, one of the key drivers for market growth will be rise in high-profile data breaches. With the changing IT environment, attackers have found new ways to access valuable information and disrupt businesses. Increased dependency on web applications leads to an unprecedented rise in cyber-attacks, including advanced persistent threats. The high dependency on web applications for online purchases and related activities has led to an increase in identity theft. In addition, with the emergence of social networking sites, it has become easy for attackers to extract users' information.

Further, the report states that the initial cost of protection equipment and surveillance systems is very high. The setting up of incident protection solutions demands significant investments that can reach tens of thousands of dollars, which is a challenge for small and medium-sized organizations.

Key questions answered in this report