The Worldwide Managed Detection and Response Industry is Expected to Reach $8.67 Billion by 2030: Increased Application of MDR Solutions in the BFSI Sector Drives Growth

DUBLIN, Feb. 14, 2023 /PRNewswire/ -- The "Managed Detection and Response Market Share, Size, Trends, Industry Analysis Report, By Deployment, By Security, By Organization Size, By Industry Vertical, By Region, Segment Forecast, 2022 - 2030" report has been added to  ResearchAndMarkets.com's offering.

The global managed detection and response (MDR) market size is expected to reach USD 8.67 billion by 2030. The report gives a detailed insight into current market dynamics and provides analysis on future market growth.

Companies Mentioned

• Ackcent Cybersecurity
• Alert Logic
• Arctic Wolf
• Binary Defense
• CrowdStrike Holdings Inc.
• Cybereason
• Cysiv Inc.
• eSentire Inc.
• Gosecure Inc.
• Kudelski Security
• LMNTRIX
• Mandiant
• Netsurion
• Secureworks
• UnderDefense R&D Ukraine

The growth of the global managed detection and response market is primarily driven by the increased application of MDR solutions in the BFSI sector. Increasing regulations, rules, and processes governing several aspects of data security, company licensing, and deployment of solutions have boosted the growth of this industry.

In addition, government regulations associated with the leak of customer information and offering enhanced security are expected to protect critical business information and take strict actions against any data theft.

Key players operating in the industry are facing less negative impact from the COVID-19 outbreak as compared to most industries. The demand for the industry has increased with cyber threats on the rise amid the COVID-19 pandemic and greater risk to organizations and enterprises.

The outbreak of COVID-19 has positively influenced the growth of the industry. These opportunities include a surge in demand for cloud-based managed detection and response solution in enterprises owing to remote work. It has also altered how businesses handle their processes safely and securely. Data storage capabilities are being shifted to the cloud on account of greater safety and convenience to users.

In North America, businesses are investing in emerging technologies to streamline work processes. Furthermore, the rise in the use of these solutions in BFSI and government sectors for improved data security and superior performance & efficiency drives the growth of the industry in the region. Developed IT infrastructure in this region propels the adoption of a cloud-based solution, which further drives the growth of the industry.

Managed Detection and Response (MDR) Market Report Highlights

• Endpoint Security segment accounted for a major share owing to the increase in adoption of consulting services among organizations
• Cloud segment accounted for the largest revenue share owing to use of cloud technology in businesses for superior performance and cost efficiency
• By industry vertical, the BFSI segment accounted for the largest market share on account of greater need to protect sensitive customer data
• North America region will lead the global managed detection and response market by 2030. Presence of leading industry players in the region and technological advancement supports the market growth in the region

Report Metrics:

Key Topics Covered:

1. Introduction

2. Executive Summary

3. Research Methodology

4. Global Managed Detection and Response (MDR) Market Insights
4.1. Managed Detection and Response (MDR) - Industry Snapshot
4.2. Managed Detection and Response (MDR) Market Dynamics
4.2.1. Drivers and Opportunities
4.2.1.1. Growing incidents of business email compromise, ransomware, and cryptojacking threats
4.2.1.2. Technological proliferation and increasing penetration of IoT
4.2.2. Restraints and Challenges
4.2.2.1. Lack of trust in third-party application
4.3. Porter's Five Forces Analysis
4.4. PESTLE Analysis
4.5. Managed Detection and Response (MDR) Industry Trends
4.6. Value Chain Analysis
4.7. COVID-19 Impact Analysis

5. Global Managed Detection and Response (MDR) Market, by Security
5.1. Key Findings
5.2. Introduction
5.2.1. Global Managed Detection and Response (MDR) Market, by Security, 2018 - 2030 (USD Billion)
5.3. Endpoint Security
5.3.1. Global Managed Detection and Response (MDR) Market, by Endpoint Security, by Region, 2018 - 2030 (USD Billion)
5.4. Network Security
5.4.1. Global Managed Detection and Response (MDR) Market, by Network Security, by Region, 2018 - 2030 (USD Billion)
5.5. Cloud Security
5.5.1. Global Managed Detection and Response (MDR) Market, by Cloud Security, by Region, 2018 - 2030 (USD Billion)

6. Global Managed Detection and Response (MDR) Market, by Deployment
6.1. Key Findings
6.2. Introduction
6.2.1. Global Managed Detection and Response (MDR) Market, by Deployment, 2018 - 2030 (USD Billion)
6.3. Cloud
6.3.1. Global Managed Detection and Response (MDR) Market, by Cloud, by Region, 2018 - 2030 (USD Billion)
6.4. On-Premises
6.4.1. Global Managed Detection and Response (MDR) Market, by On-Premises, by Region, 2018 - 2030 (USD Billion)

7. Global Managed Detection and Response (MDR) Market, by Organization Size
7.1. Key Findings
7.2. Introduction
7.2.1. Global Managed Detection and Response (MDR) Market, by Organization Size, 2018 - 2030 (USD Billion)
7.3. Small & Medium Enterprises
7.3.1. Global Managed Detection and Response (MDR) Market, by Small & Medium Enterprises, by Region, 2018 - 2030 (USD Billion)
7.4. Large Enterprises
7.4.1. Global Managed Detection and Response (MDR) Market, by Large Enterprises, by Region, 2018 - 2030 (USD Billion)

8. Global Managed Detection and Response (MDR) Market, by Industry Vertical
8.1. Key Findings
8.2. Introduction
8.2.1. Global Managed Detection and Response (MDR) Market, by Industry Vertical, 2018 - 2030 (USD Billion)
8.3. BFSI
8.3.1. Global Managed Detection and Response (MDR) Market, by BFSI, by Region, 2018 - 2030 (USD Billion)
8.4. IT & Telecom
8.4.1. Global Managed Detection and Response (MDR) Market, by IT & Telecom, by Region, 2018 - 2030 (USD Billion)
8.5. Retail
8.5.1. Global Managed Detection and Response (MDR) Market, by Retail, by Region, 2018 - 2030 (USD Billion)
8.6. Healthcare
8.6.1. Global Managed Detection and Response (MDR) Market, by Healthcare, by Region, 2018 - 2030 (USD Billion)
8.7. Government
8.7.1. Global Managed Detection and Response (MDR) Market, by Government, by Region, 2018 - 2030 (USD Billion)
8.8. Others
8.8.1. Global Other Managed Detection and Response (MDR) Market, by Region, 2018 - 2030 (USD Billion)

9. Global Managed Detection and Response (MDR) Market, by Geography

10. Competitive Landscape
10.1. Expansion and Acquisition Analysis
10.1.1. Expansion
10.1.2. Acquisitions
10.2. Partnerships/Collaborations/Agreements/Exhibitions

11. Company Profiles

For more information about this report visit https://www.researchandmarkets.com/r/agjm02-detection?w=5

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