“Managed Detection And Response Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on managed detection and response market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Where is the largest and fastest growing market for managed detection and response ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The managed detection and response market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
- 1) By Service Type: Retained Incident Response; Threat Detection; Protective Monitoring; Other Service Types
- 2) By Security Type: Network Security; Endpoint Security; Cloud Security; Application Security; Other Securities
- 3) By Deployment: On-Premises; Cloud
- 4) By Organization Size: SMEs; Large Enterprises
- 5) By Industry Vertical: Banking, Financial Service and Insurance (BFSI); IT and Telecommunications; Government and Defense; Energy and Utilities; Other Industry Verticals
- Companies Mentioned: CrowdStrike Holdings Inc; Rapid7; Red Canary; Arctic Wolf Networks; Kudelski Security
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
- Delivery format: PDF, Word and Excel Data Dashboard.
Executive Summary
Major players in the managed detection and response market are CrowdStrike Holdings Inc., Rapid7, Red Canary, Arctic Wolf Networks, Kudelski Security, SentinelOne Inc., Proficio, Expel, Secureworks Inc., Alert Logic, Esentire Inc., BAE Systems, FireEye Inc., Cisco Systems Inc., Trustwave Holdings, Mandiant, Binary Defense, and Sophos Group plc.
The global managed detection and response market is expected to grow from $2.13 billion in 2022 to $2.53 billion in 2023 at a compound annual growth rate (CAGR) of 18.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The managed detection and response market is expected to grow to $4.92 billion in 2027 at a CAGR of 18.1%.
The managed detection and response market includes revenues earned by entities by providing threat intelligence, threat hunting, security monitoring, incident analysis, and incident response. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
Managed detection and response refers to a contracted service that would provide businesses assistance in identifying dangers and responding after they have been found. It is used in businesses and other facilites to provide threat detection services and respond to those threats.
North America was the largest region in the managed detection and response market in 2022. The regions covered in the managed detection and response report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main types of managed detection and response are retained incident response, threat detection, protective monitoring, and others. Threat detection refers to the practice of analyzing the entirety of a security ecosystem to identify any malicious activity that could compromise the network. The security types are network security, endpoint security, cloud security, application security, and others, that are deployment through on-premises and cloud. The organizations size involved are SMEs and large enterprises, that are used by financial service and insurance (BFSI), IT and telecommunications, government and defense, energy and utilities, and others.
Growing concerns about cyber-attacks and threats targeting enterprises are expected to propel the growth of the managed detection and response market going forward. A cyber attack is an attempt to illegally access a computer system or a computer network to cause damage. Managed detection and response is a managed cyber security system that detects malicious network activities and malware invasions and allows quick incident response to quickly remove those threats. For instance, in July 2021, according to the cybersecurity threatscape report by Positive Technologies, a Russia-based cybersecurity company, the number of cyberattacks increased by 17% in Q1 of 2021 as compared to Q1 2020, and it increased by 1.2% as compared to Q4 2020. Moreover, in June 2022, according to Forbes, a US-based business magazine, the average frequency of data breaches and cyberattacks rose by 15.1% in 2021 compared to the previous year. Therefore, the growing concerns of cyber-attacks and threats targeting enterprises are driving the growth of the managed detection and response market.
Technological development is a key trend gaining popularity in the managed detection and response market. Major companies operating in the managed detection and response market are focused on developing new technological solutions to meet customer demand. For instance, in August 2021, Arctic Wolf Networks, a US-based company that is operating in managed detection and response company, launched a new breakthrough technological features, cloud security posture management (CSPM). It is especially intended to aid organisations that use hybrid working models by improving their threat awareness and data gathering skills across all attack surfaces such as cloud, endpoints, network, authentication, and humans. Arctic Wolf Managed Risk's new Cloud Security Posture Management (CSPM) is assigned to measure how a cloud environment compares to commonly used cloud configuration benchmarks.
In July 2022, Agileblue, a US-based Cyber Security Operations Center (SOC) and extended Detection and Response (XDR) platform acquired Crowe LLP's for an undisclosed amount. With this acquisition, AgileBlue is expected to offer Crowe's clients a wider range of cloud-based tools and services to strengthen their cybersecurity defenses. Additionally, it provide clients with access to additional threat detection and response services, data security services, and cloud-based technology to deliver the most reliable, affordable, and always-on SOC|XDR-as-a-Service. Crowe LLP is a US-based company operating in managed detection and response.
The countries covered in the managed detection and response market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The managed detection and response market research report is one of a series of new reports from The Business Research Company that provides managed detection and response market statistics, including managed detection and response industry global market size, regional shares, competitors with a managed detection and response market share, detailed managed detection and response market segments, market trends and opportunities, and any further data you may need to thrive in the managed detection and response industry. This managed detection and response market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Table of Contents
1. Executive Summary
2. Managed Detection And Response Market Characteristics
3. Managed Detection And Response Market Trends And Strategies
4. Managed Detection And Response Market - Macro Economic Scenario
- 4.1. COVID-19 Impact On Managed Detection And Response Market
- 4.2. Ukraine-Russia War Impact On Managed Detection And Response Market
- 4.3. Impact Of High Inflation On Managed Detection And Response Market
5. Managed Detection And Response Market Size And Growth
- 5.1. Global Managed Detection And Response Historic Market, 2017-2022, $ Billion
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints On The Market
- 5.2. Global Managed Detection And Response Forecast Market, 2022-2027F, 2032F, $ Billion
- 5.2.1. Drivers Of The Market
- 5.2.2. Restraints On the Market
6. Managed Detection And Response Market Segmentation
- 6.1. Global Managed Detection And Response Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Retained Incident Response
- Threat Detection
- Protective Monitoring
- Other Service Types
- 6.2. Global Managed Detection And Response Market, Segmentation By Security Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Network Security
- Endpoint Security
- Cloud Security
- Application Security
- Other Securities
- 6.3. Global Managed Detection And Response Market, Segmentation By Deployment, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- On-Premises
- Cloud
- 6.4. Global Managed Detection And Response Market, Segmentation By Organization Size, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Small and Medium-Sized Enterprises (SMEs)
- Large Enterprises
- 6.5. Global Managed Detection And Response Market, Segmentation By Industry Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Banking, Financial Service and Insurance (BFSI)
- IT and Telecommunications
- Government and Defense
- Energy and Utilities
- Other Industry Verticals
7. Managed Detection And Response Market Regional And Country Analysis
- 7.1. Global Managed Detection And Response Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 7.2. Global Managed Detection And Response Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8. Asia-Pacific Managed Detection And Response Market
- 8.1. Asia-Pacific Managed Detection And Response Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
- 8.2. Asia-Pacific Managed Detection And Response Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 8.3. Asia-Pacific Managed Detection And Response Market, Segmentation By Industry Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
9. China Managed Detection And Response Market
- 9.1. China Managed Detection And Response Market Overview
- 9.2. China Managed Detection And Response Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
- 9.3. China Managed Detection And Response Market, Segmentation By Industry Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
10. India Managed Detection And Response Market
- 10.1. India Managed Detection And Response Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 10.2. India Managed Detection And Response Market, Segmentation By Industry Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11. Japan Managed Detection And Response Market
- 11.1. Japan Managed Detection And Response Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 11.2. Japan Managed Detection And Response Market, Segmentation By Industry Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12. Australia Managed Detection And Response Market
- 12.1. Australia Managed Detection And Response Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 12.2. Australia Managed Detection And Response Market, Segmentation By Industry Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13. Indonesia Managed Detection And Response Market
- 13.1. Indonesia Managed Detection And Response Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 13.2. Indonesia Managed Detection And Response Market, Segmentation By Industry Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14. South Korea Managed Detection And Response Market
- 14.1. South Korea Managed Detection And Response Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 14.2. South Korea Managed Detection And Response Market, Segmentation By Industry Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15. Western Europe Managed Detection And Response Market
- 15.1. Western Europe Managed Detection And Response Market Overview
- 15.2. Western Europe Managed Detection And Response Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 15.3. Western Europe Managed Detection And Response Market, Segmentation By Industry Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16. UK Managed Detection And Response Market
- 16.1. UK Managed Detection And Response Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 16.2. UK Managed Detection And Response Market, Segmentation By Industry Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17. Germany Managed Detection And Response Market
- 17.1. Germany Managed Detection And Response Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 17.2. Germany Managed Detection And Response Market, Segmentation By Industry Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18. France Managed Detection And Response Market
- 18.1. France Managed Detection And Response Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 18.2. France Managed Detection And Response Market, Segmentation By Industry Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19. Eastern Europe Managed Detection And Response Market
- 19.1. Eastern Europe Managed Detection And Response Market Overview
- 19.2. Eastern Europe Managed Detection And Response Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 19.3. Eastern Europe Managed Detection And Response Market, Segmentation By Industry Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20. Russia Managed Detection And Response Market
- 20.1. Russia Managed Detection And Response Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 20.2. Russia Managed Detection And Response Market, Segmentation By Industry Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21. North America Managed Detection And Response Market
- 21.1. North America Managed Detection And Response Market Overview
- 21.2. North America Managed Detection And Response Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 21.3. North America Managed Detection And Response Market, Segmentation By Industry Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22. USA Managed Detection And Response Market
- 22.1. USA Managed Detection And Response Market Overview
- 22.2. USA Managed Detection And Response Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 22.3. USA Managed Detection And Response Market, Segmentation By Industry Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23. South America Managed Detection And Response Market
- 23.1. South America Managed Detection And Response Market Overview
- 23.2. South America Managed Detection And Response Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 23.3. South America Managed Detection And Response Market, Segmentation By Industry Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24. Brazil Managed Detection And Response Market
- 24.1. Brazil Managed Detection And Response Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 24.2. Brazil Managed Detection And Response Market, Segmentation By Industry Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25. Middle East Managed Detection And Response Market
- 25.1. Middle East Managed Detection And Response Market Overview
- 25.2. Middle East Managed Detection And Response Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 25.3. Middle East Managed Detection And Response Market, Segmentation By Industry Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26. Africa Managed Detection And Response Market
- 26.1. Africa Managed Detection And Response Market Overview
- 26.2. Africa Managed Detection And Response Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 26.3. Africa Managed Detection And Response Market, Segmentation By Industry Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
27. Managed Detection And Response Market Competitive Landscape And Company Profiles
- 27.1. Managed Detection And Response Market Competitive Landscape
- 27.2. Managed Detection And Response Market Company Profiles
- 27.2.1. CrowdStrike Holdings Inc
- 27.2.1.1. Overview
- 27.2.1.2. Products and Services
- 27.2.1.3. Strategy
- 27.2.1.4. Financial Performance
- 27.2.2. Rapid7
- 27.2.2.1. Overview
- 27.2.2.2. Products and Services
- 27.2.2.3. Strategy
- 27.2.2.4. Financial Performance
- 27.2.3. Red Canary
- 27.2.3.1. Overview
- 27.2.3.2. Products and Services
- 27.2.3.3. Strategy
- 27.2.3.4. Financial Performance
- 27.2.4. Arctic Wolf Networks
- 27.2.4.1. Overview
- 27.2.4.2. Products and Services
- 27.2.4.3. Strategy
- 27.2.4.4. Financial Performance
- 27.2.5. Kudelski Security
- 27.2.5.1. Overview
- 27.2.5.2. Products and Services
- 27.2.5.3. Strategy
- 27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Managed Detection And Response Market
29. Managed Detection And Response Market Future Outlook and Potential Analysis
30. Appendix
- 30.1. Abbreviations
- 30.2. Currencies
- 30.3. Historic And Forecast Inflation Rates
- 30.4. Research Inquiries
- 30.5. The Business Research Company
- 30.6. Copyright And Disclaimer