Managed Detection and Response Market Size & Analysis – Forecasts To 2025 (1)

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GLOBAL MARKET ESTIMATES RESEARCH
CONSULTANTS Ankita Roy, Treesha Banerjee and
Liza Dsouza from Global Market Estimates throw
the spotlight on the growing Managed Detection
and Response Market Market Insights The global
managed detection and response market is
anticipated to grow at a CAGR of 35.8 over the
forecast period. The market demand is expected to
be influenced by increased incidences of
cybercrimes and threats across the globe. Managed
detection and response services are a mix of
technology and skills that provide global threat
intelligence, rapid incident mitigation, advanced
threat detection, and collaborative breach
response throughout the day. Managed detection
and response services are not considered as a
replacement of traditional managed security
services. Moreover, it enhances traditional
managed security services with increased
emphasis on detection and response to breaches
with the help of complementary technologies and
services on response orchestration, threat
intelligence, and security analytics.
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GLOBAL MARKET ESTIMATES RESEARCH
CONSULTANTS Service Insights The global managed
detection and response market is segmented into
time to detect services and time to respond
services. Time to detect service segment is
likely to witness a significant growth over the
forecast period due to its portfolio of services
ranging from anticipation of threat to security
monitoring. Time to detect service type is
further segregated into threat anticipation,
threat hunting, and security monitoring based on
their time of action. Threat anticipation
service type gathers data related information
from a number of resources and analyses the
possibility of threats being caused, followed by
choosing appropriate actionable
strategy. Threat hunting service type uses a
combination of machine learning and manual threat
hunting that identifies hidden threats and
low-footprint attacks which are not captured by
correlation and rule based mechanisms. Security
monitoring is mostly used as a safeguard
mechanism which monitors the alerts on a 247
basis and notifies the clients according to the
severity of these alerts. Time to respond
service type is also likely to experience an
exponential growth over the forecast period as
it caters to the requirements of various industry
verticals, prone to cyber threats. The
segment is further sub-divided into alert response
, incident response, and breach management based
on immediate, moderate and deliberate response
respectively. Alert response acts as a bridge
between alert notification to incident response
plan and activation. Incident response
management system ensures that the client along
with the enterprise would benefit from the most
efficient and effective solution. Breach
management addresses those advanced attacks
which are difficult to detect. Application
Insights The global managed detection and
response market is segregated into automotive,
industrial machinery, BFSI, consumer
electronics, aerospace, electrical electronics,
and Telecommunications amongst others. The BFSI
sector accounted for the highest market share due
to the rising fraud and money laundering cases
in the industry. Technological advancements in
banking sector such as e-banking, ATM, and
mobile banking has increased the vulnerability of
customers fuelling the demand in the forecast
period.
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GLOBAL MARKET ESTIMATES RESEARCH
CONSULTANTS Deployment /Organizational Site
Insights The managed detection and response
market is segmented into Cloud and On-Premises,
based on deployment mode. Managed detection and
response services are mainly deployed to manage
and deliver predictive solutions for advanced
persistent threats, and other attacks on network
security infrastructure. Based on the
Organizational site, the managed detection and
response market is divided into Large
Enterprises and Small Medium-Sized Enterprises.
The SMEs application segment is likely to witness
the highest CAGR over the forecast period
attributing to increasing incidences of data
breaches on these enterprises coupled with the
need to deploy appropriate MDR solutions. SMEs
though small in size, but cater to a large
number of clients globally. Regional
Insights Asia Pacific is anticipated to register
a substantial market share over the forecast
period. This growth is attributed to large
investments by several large and small medium
sized enterprises in order to deal with the
increasing cyber-attacks, particularly in regions
such as China, Japan, and India. North America
is also projected to record a significant CAGR
over the coming years due to a large number of
existing vendors operating in this region along
with growing use of e-tailing and other
online-based services. End-Use Landscape The
end-use landscape includes a list of current and
prospective consumers prevailing across the
regions. This section provides company addresses,
contact details, products, and regional presence
of companies who are purchasing or are likely to
purchase products from the global managed
detection and response market. The major
consumers of the product are Verizon
Communications Inc. and Allianz amongst others.
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GLOBAL MARKET ESTIMATES RESEARCH CONSULTANTS

• Competitor Analysis
• Some of the key players profiled in the managed
  detection and response market include Alert
  Logic, Arctic Wolf Networks, Cisco, CrowdStrike,
  CSIS, Cybereason, Cynet Systems, Datashield,
  eSentire, F- Secure, FireEye, Ingalls
  Information Security, IronNet Cybersecurity, and
  K2 Intelligence among others
• In February 2017, Datashield, a leader in managed
  detection and response services, announced the
  release of a new cyber security product called
  The Datashield Security Appliance, built in
  partnership with DELL EMC, and leveraging RSA's
  NetWitness Suite.
• The report segments the Managed Detection and
  Response Market on the basis of By Service
• Time to Detect Threat Anticipation, Threat
  Hunting, Security Monitoring,
• Time to Respond Alert Response, Incident
  Response, Breach Management)

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• GLOBAL MARKET ESTIMATES RESEARCH CONSULTANTS
• By Application
• Automotive
• Industrial Machinery
• BFSI
• Consumer Electronics
• Aerospace
• Electrical Electronics
• Telecommunications
• Others
• By Deployment
• Cloud,
• On-Premises
• By Organizational Size