Managed Detection and Response Market Emerging Trends, Application Scope, Status, Analysis And Forecast To 2030
The global Managed Detection and Response Market size is projected to grow from USD 3.3 billion in 2023 to USD 9.5 billion by 2028, at a Compound Annual Growth Rate (CAGR) of 23.3% during the forecast period, according to a new report by MarketsandMarkets™. The growth of the MDR market is driven by factors such as increasing cyber threats like business email compromise, ransomware, and crypto-jacking, the shortage of cybersecurity skills and overwhelming alert volumes, government regulations and compliance requirements, and the proliferation of IoT devices which fuel the demand for MDR to address the associated security risks.
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https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=168039027
Managed Detection and Response 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 Managed Detection and Response 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)
Binary Defense (US)
Get Sample Report @
https://www.marketsandmarkets.com/requestsampleNew.asp?id=168039027 Managed Detection and Response Market Emerging Trends, Application Scope, Status, Analysis And Forecast To 2030
The global Managed Detection and Response Market size is projected to grow from USD 3.3 billion in 2023 to USD 9.5 billion by 2028, at a Compound Annual Growth Rate (CAGR) of 23.3% during the forecast period, according to a new report by MarketsandMarkets™. The growth of the MDR market is driven by factors such as increasing cyber threats like business email compromise, ransomware, and crypto-jacking, the shortage of cybersecurity skills and overwhelming alert volumes, government regulations and compliance requirements, and the proliferation of IoT devices which fuel the demand for MDR to address the associated security risks.
Download Report Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=168039027
Managed Detection and Response 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 Managed Detection and Response 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)
Binary Defense (US)
Get Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=168039027
