Global managed detection & response market is expected to grow at a CAGR of over 30% during the forecast period. The major factors that drive the market include rising adoption of cloud computing technologies and growing need to counter cyber-attacks & thefts, globally. Moreover, stringent government regulations and shortage of cybersecurity practitioners across enterprises are also expected to drive the global managed detection & response market.
Geographically, the market is segmented into Asia-Pacific, North America, South America, Middle East & Africa and Europe. North America is expected to continue its dominance as the leading region in the global managed detection & response market.
Some of the leading players in the Global managed detection & response market are IBM Ltd., Paladion, Optiv Security, Inc., Bae Systems plc, Kudelski Security, Arctic Wolf Networks, Inc., Rapid7, Redscan Cyber Security Ltd., WatchGuard Technologies, Inc., Fireeye Inc. etc.
Objective of the Study:
- To analyse and forecast the market size of global managed detection & response, in terms of value.
- To classify and forecast global managed detection & response based on security type, deployment, organization size, industry and regional distribution.
- To identify drivers and challenges for global managed detection & response.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global managed detection & response.
- To conduct the pricing analysis for managed detection & response.
- To identify and analyse the profile of leading players involved in the of global managed detection & response market.
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TechSci Research performed primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of managed detection & response providers globally. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research was able to include vendors and service providers that could not be identified due to the limitations of secondary research. TechSci Research analyzed product offerings, application, distribution channel and regional presence of all major managed detection & response providers across the globe.
TechSci Research calculated the market size of managed detection & response market using a bottom-up approach, where data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
- Managed detection & response market service providers, vendors and other stakeholders
- Government bodies such as regulating authorities and policy makers
- Organizations, forums and alliances related to managed detection & response market
- Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as collaboration service providers, distributors and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
About TechSci Research
TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research-based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.
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