Managed Detection Market Trends, Global Leading Players 2023, Business Overview, Revenue, Key Drivers 2030 The global MDR Market Size is estimated to be worth USD 4.1 billion in 2024 and is projected to reach USD 11.8 billion by 2029, at a CAGR of 23.5% during the forecast period, according to a new report by MarketsandMarkets™. The Managed Detection and Response (MDR) market is driven by the increasing complexity of cyber threats and the necessity for businesses to maintain robust, real-time security without significant investment in in-house resources. Download Report Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=168039027 MDR Market Dynamics: Drivers: Growing incidents of business email compromise, ransomware, and crypto-jacking threats. Addressing gap in cybersecurity skills and overwhelming alert volumes Government regulations and need for compliance to drive adoption of MDR services Technological proliferation and increasing penetration of IoT Restraints: Lack of trust in third-party applications. Cost of MDR services to be inhibitor for organizations False positives to hinder effectiveness of MDR services Opportunities: Introduction of ML/AI-powered MDR services. Increasing adoption of MDR across SMEs The benefits of scalability for MDR services List of Key Players in MDR Market: CrowdStrike (US) Rapid7 (US) Red Canary (US) Arctic Wolf (US) Kudelski Security (Switzerland) SentinelOne (US) Proficio (US) Expel (US) Secureworks (US) Alert Logic (US) Trustwave (US) Mandiant (US) Get Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=168039027