Market Overview
The global managed detection and response (MDR) market reached US$ XX million in 2022 and is projected to record significant growth by reaching up to US$ XX million by 2030, growing at a CAGR of XX% during the forecast period (2022-2030).
Threat-hunting responses are all parts of the cybersecurity service known as managed detection and response (MDR), which combines technology and human competence. The main advantage of MDR is that it helps identify threats quickly and reduces their impact without the need for additional human resources. The MDR market is segmented into three categories: security type, deployment mode and organization size. MDR monitors identify and react to threats found inside the organization remotely. The required exposure to security events on the endpoint is typically provided by an endpoint detection and response (EDR) tool. Human analysts perform alert troubleshooting and choose the best action to decrease the impact and risk of positive incidents by receiving pertinent threat intelligence, forensic data and advanced analytics. Finally, the threat is eliminated and the affected endpoint is returned to its pre-infected state using a combination of human and machine capabilities.
Market Dynamics
Cyber threats in the current time are more sophisticated than ever. Today, companies of all sizes recognize the need for security operations solutions that give them the ability to identify and address complex threats that evade their current defenses. World Economic Forum claims that "the Rapid digitalization has exponentially increased companies' cyber exposures and created more complex and potentially less secure networks, making cybersecurity failure one of the top risks for businesses globally in 2021". As a result, many businesses are moving away from preventative cybersecurity and adopting advanced detection and response service models like managed detection and response (MDR), which give organizations access to on-demand security expertise and enable them to address current challenges more effectively economically. Hence, the growing usage of these MDR solutions is supporting market growth.
The amount of data gathered about security services is enormous due to the rising use of these solutions. The amount of data collected from various infrastructure components keeps growing, so a lack of modern IT infrastructure could limit market expansion.
The ability to offer proactive and threat-focused services drives the global MDR market
MDR services typically focus on threats and are proactive. MDR services, compared to MSSPs, emphasize detection, response and threat hunting over security alert monitoring. Automated MDR analytics and responses to advanced threats, file-less malware and breaches can enhance MSSP services. Instead of using portals, MDR services rely on more direct methods of communication with analysts, like voice or email. MDR monitors security infrastructure and firewalls proactively and responds to threats 24x7. MDR offers access to data and analysis about global threats. The global MDR market is anticipated to grow quickly due to the abovementioned factors.
COVID-19 Impact Analysis
During COVID-19, the need for MDR solutions to counteract various cyber attacks and threats has increased among all enterprises. The pandemic has accelerated digital transformation in the BFSI, IT, government and healthcare sectors. The pandemic has changed the work culture of companies and due to the extent of the lockdown and pandemic, many industries started working from home and the growing adoption of remote work has got into the trend. Then, the demand for MDR solutions and services has surged across each industry.
However, the demand for MDR solutions has significantly increased globally since the pandemic. The demand for MDR has increased significantly due to web and cloud traffic.
Segment Analysis
The global managed detection and response market is classified based on security type, deployment mode organization size, industry vertical and region.
Due to the growing adoption of security as a service, managed detection and response demand is rapidly increasing
The demand for MDR is rising quickly as security as a service adoption rises. The process of deploying an application using one or more cloud-based hosting models, such as IaaS, SaaS and PaaS, is known as cloud deployment. The MDR market is anticipated to be driven by key benefits such as geographic reach, operational efficiency and quicker and simpler deployments. On the other hand, the adoption of cloud-based MDR deployment mode is expected to grow to the rising need to reduce the cost associated with the solution.
Geographical Analysis
The global managed detection and response (MDR) market is classified based on security type, deployment mode organization size, industry vertical and region.
North America is becoming the revenue generation hub and contributes a significant amount of revenue to the growth of the MDR market
Due to its technological superiority, North America leads the global chart in the number of security vendors and security breach incidents. Protecting sensitive data and enterprise-critical infrastructure is one of the biggest challenges in an interconnected and digital world. North America was the first to use this threat detection method. The U.S. dominates the managed detection and response market in North America regarding revenue generation. Many industries in this region, including BFSI, retail, manufacturing, healthcare, IT and many more, are utilizing MDR services. However, the Asia-Pacific is expected to be the highest-growing market during the forecast period.
Competitive Landscape
To gain a significant market share in the global managed detection and response (MDR) market, key MDR solutions players are focusing on expanding this solution across all geographies to prevent cyber threats. Additionally, the primary focus areas include technological advancements for new techniques for MDR solutions and strategic mergers and acquisitions. Key major players operating in the MDR market are CrowdStrike, Rapid7, Red Canary, Arctic Wolf, Kudelski Security, SentinelOne, Proficio, Expel, Secureworks and Alert Logic.
CrowdStrike
Overview: An American cybersecurity technology company with its headquarters in Austin, Texas. It offers endpoint and cloud workload security, threat intelligence and cyberattack response services. Its product offering includes cloud security, endpoint security and XDR, security & IT operations, identity protection, observability and threat intelligence.
Product Portfolio:
- Cloud Security Products: A tightly integrated platform is needed to stop breaches using cloud-scale data and analytics. Each component is essential to identifying contemporary threats and must be designed and constructed for speed, scale and dependability. By combining all the components required for cloud security into a single platform, CrowdStrike cloud security serves above and beyond ad-hoc methods to provide thorough protection from the host to the cloud.
Key Development: In April 2022, CrowdStrike's new adversary-focused Cloud Native Application Protection Platform (CNAPP) capabilities have launched to accelerate threat detection for cloud environments and workloads and lower the mean time to response.
Why Purchase the Report?
- To visualize the global managed detection and response (MDR) market segmentation based on security type, deployment mode organization size, industry vertical and region, as well as understand key commercial assets and players.
- Identify commercial opportunities in the global managed detection and response (MDR) market by analyzing trends and co-development.
- Excel data sheet with numerous data points of MDR market-level with all segments.
- PDF report consisting of cogently put together market analysis after exhaustive qualitative interviews and in-depth market study.
- Product mapping available as excel consisting of key products of all the major market players.
The global managed detection and response (MDR) market report would provide approximately 84 tables, 73 figures and 235 pages.
Target Size Audience 2023
- Manufacturers/ Buyers
- Industry Investors/Investment Bankers
- Research Professionals
- Emerging Companies
Table of Contents
1. Global Managed Detection and Response (MDR) Market - Methodology and Scope
- 1.1. Research Methodology
- 1.2. Research Objective and Scope of the Report
2. Global Managed Detection and Response (MDR) Market - Market Definition and Overview
3. Global Managed Detection and Response (MDR) Market - Executive Summary
- 3.1. Market Snippet by Security Type
- 3.2. Market Snippet by Deployment Mode
- 3.3. Markey Snippet by Organization Size
- 3.4. Markey Snippet by Industrial Vertical
- 3.5. Market Snippet by Region
4. Global Managed Detection and Response (MDR) Market-Market Dynamics
- 4.1. Market Impacting Factors
- 4.1.1. Drivers
- 4.1.1.1. The ability to offer proactive and threat-focused services drives the global MDR market
- 4.1.1.2. XX
- 4.1.2. Restraints
- 4.1.2.1. Lack of modern IT infrastructure could limit market expansion
- 4.1.2.2. XX
- 4.1.3. Opportunity
- 4.1.4. Impact Analysis
5. Global Managed Detection and Response (MDR) Market - Industry Analysis
- 5.1. Porter's Five Forces Analysis
- 5.2. Supply Chain Analysis
- 5.3. Pricing Analysis
- 5.4. Regulatory Analysis
6. Global Managed Detection and Response (MDR) Market - COVID-19 Analysis
- 6.1. Analysis of COVID-19 on the Market
- 6.1.1. Before COVID-19 Market Scenario
- 6.1.2. Present COVID-19 Market Scenario
- 6.1.3. After COVID-19 or Future Scenario
- 6.2. Pricing Dynamics Amid COVID-19
- 6.3. Demand-Supply Spectrum
- 6.4. Government Initiatives Related to the Market During Pandemic
- 6.5. Manufacturers Strategic Initiatives
- 6.6. Conclusion
7. Global Managed Detection and Response (MDR) Market - By Security Type
- 7.1. Introduction
- 7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Security Type
- 7.1.2. Market Attractiveness Index, By Security Type
- 7.2. Network Security*
- 7.2.1. Introduction
- 7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 7.3. End Point Security
- 7.4. Cloud Security
8. Global Managed Detection and Response (MDR) Market - By Deployment Mode
- 8.1. Introduction
- 8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Deployment Mode
- 8.1.2. Market Attractiveness Index, By Deployment Mode
- 8.2. On-Premises*
- 8.2.1. Introduction
- 8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 8.3. Cloud
9. Global Managed Detection and Response (MDR) Market - By Organization Size
- 9.1. Introduction
- 9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Organization Size
- 9.1.2. Market Attractiveness Index, By Organization Size
- 9.2. Small & Medium Enterprises (SMEs)*
- 9.2.1. Introduction
- 9.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 9.3. Large Enterprises
10. Global Managed Detection and Response (MDR) Market - By Industrial Vertical
- 10.1. Introduction
- 10.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Industrial Vertical
- 10.1.2. Market Attractiveness Index, By Industrial Vertical
- 10.2. BFSI*
- 10.2.1. Introduction
- 10.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 10.3. IT & Telecom
- 10.4. Retail
- 10.5. Healthcare
- 10.6. Government
- 10.7. Others
11. Global Managed Detection and Response (MDR) Market - By Region
- 11.1. Introduction
- 11.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
- 11.1.2. Market Attractiveness Index, By Region
- 11.2. North America
- 11.2.1. Introduction
- 11.2.2. Key Region-Specific Dynamics
- 11.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Security Type
- 11.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Deployment Mode
- 11.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%) By Organization Size
- 11.2.6. Market Size Analysis and Y-o-Y Growth Analysis (%) By Industrial Vertical
- 11.2.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 11.2.7.1. U.S.
- 11.2.7.2. Canada
- 11.2.7.3. Mexico
- 11.3. Europe
- 11.3.1. Introduction
- 11.3.2. Key Region-Specific Dynamics
- 11.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Security Type
- 11.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Deployment Mode
- 11.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%) By Organization Size
- 11.3.6. Market Size Analysis and Y-o-Y Growth Analysis (%) By Industrial Vertical
- 11.3.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 11.3.7.1. Germany
- 11.3.7.2. UK
- 11.3.7.3. France
- 11.3.7.4. Italy
- 11.3.7.5. Russia
- 11.3.7.6. Rest of Europe
- 11.4. South America
- 11.4.1. Introduction
- 11.4.2. Key Region-Specific Dynamics
- 11.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Security Type
- 11.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Deployment Mode
- 11.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%) By Organization Size
- 11.4.6. Market Size Analysis and Y-o-Y Growth Analysis (%) By Industrial Vertical
- 11.4.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 11.4.7.1. Brazil
- 11.4.7.2. Argentina
- 11.4.7.3. Rest of South America
- 11.5. Asia-Pacific
- 11.5.1. Introduction
- 11.5.2. Key Region-Specific Dynamics
- 11.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Security Type
- 11.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Deployment Mode
- 11.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%) By Organization Size
- 11.5.6. Market Size Analysis and Y-o-Y Growth Analysis (%) By Industrial Vertical
- 11.5.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 11.5.7.1. China
- 11.5.7.2. India
- 11.5.7.3. Japan
- 11.5.7.4. Australia
- 11.5.7.5. Rest of Asia-Pacific
- 11.6. Middle East and Africa
- 11.6.1. Introduction
- 11.6.2. Key Region-Specific Dynamics
- 11.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Security Type
- 11.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Deployment Mode
- 11.6.5. Market Size Analysis and Y-o-Y Growth Analysis (%) By Organization Size
- 11.6.6. Market Size Analysis and Y-o-Y Growth Analysis (%) By Industrial Vertical
12. Global Managed Detection and Response (MDR) Market - Competitive Landscape
- 12.1. Competitive Scenario
- 12.2. Market Positioning/Share Analysis
- 12.3. Mergers and Acquisitions Analysis
13. Global Managed Detection and Response (MDR) Market- Company Profiles
- 13.1. CrowdStrike*
- 13.1.1. Company Overview
- 13.1.2. Product Portfolio and Description
- 13.1.3. Key Highlights
- 13.1.4. Financial Overview
- 13.2. Rapid7
- 13.3. Red Canary
- 13.4. Arctic Wolf
- 13.5. Kudelski Security
- 13.6. SentinelOne
- 13.7. Proficio
- 13.8. Expel
- 13.9. Secureworks
- 13.10. Alert Logic
- 13.11. Trustwave
- 13.12. Mandiant
- 13.13. Binary Defense
- 13.14. Sophos
- 13.15. Esentire
LIST NOT EXHAUSTIVE
14. Global Managed Detection and Response (MDR) Market- Premium Insights
15. Global Managed Detection and Response (MDR) Market- DataM
- 15.1. Appendix
- 15.2. About Us and Services
- 15.3. Contact Us