Managed Detection and Response Market Size and Share Analysis by Service, Security Type, Deployment, Organization Size, Vertical - Global Industry Demand Forecast to 2030
The managed detection and response market size is estimated at USD 3,426.3 million in 2023, and it is expected to advance at a compound annual growth rate of 23.4% during 2024-2030, to reach USD 14,797.6 million by 2030. This is a very prominent factor in the growth of the market as it results from the growing usage of IoT platforms and other advanced technologies. Moreover, the importance of data real-time analysis is rising along with the increasing cyber threats that are aiding in the growth of this field.
Cyber-attacks are declining in extent, with the uptake in the complexity of IT systems. The already existing managed protection service providers are struggling to customize for the new environment and discover methods of counteracting the transformations as well as tackling the novel attacks.
Sophisticated solutions, comprising machine-learning and behavioral analytics as the backbones, are the state-of-the-art in cyber security services, as they not only provide the much-needed defines against threat actors, but also respond very fast to the emerging cyber-AI, by immersing automation, artificial intelligence, and real-time context into a low-cost ownership model. Companies have a big interest in utilizing AI, pattern recognition, and machine learning to change their list of security rules.
Key Insights
Threat detection dominates the industry because of the growing requirement to spot and avoid breaches early.
Threat discovery tools recognize anomalies, faults, and threats in network traffic for fast danger analysis.
The need is increasing for large-scale surveillance systems, propelled by geopolitical variabilities and terrorist activities.
Governments globally are executing guidelines for device and data safety, further driving the industry.
Threat discovery software adds context to security warnings, helping in effective risk management.
SMEs are projected to showcase quicker development because of growing cyberattacks and acceptance of enhanced technologies.
Implementing managed detection and response strategies enables organizations with SME assets to guard those assets ahead of stealthy threats.
Cybersecurity agencies are developing in-house solutions for small and medium businesses, e.g. the NTT cloud-native managed detection and response service introduced in March 2023.
They intend to promote cyber security and guard the most reputable infrastructures against persistent cyber threats.
BFSI applications are estimated to witness a high CAGR of 23.7% because of growing financial data breaks and cyberattacks.
The sector's expenditure on cybersecurity solutions is propelled by the requirement to shield purchaser info and obey data safety guidelines.
Rising digitalization and online payment trends contribute to the increasing need for cybersecurity solutions in BFSI.
North America dominates the managed detection and response market, projected to reach USD 8.1 billion by 2030.
The region has been leading this sector because of several macroeconomic policies favorable to growth and for incorporating state-of-the-art cybersecurity technology.
The competition between IT vendors, security breach record incidents, and digital transformation are responsible for the significant rise in market demand.
The United States is in the lead worldwide in Europe and the United States with an annual growth rate of 23.6 %, fuelled by the popularity of social media, mobile phones, and the Internet.
Mr Biden's Efforts; EDRI, coupled with others initiated in the region, propelled the region's growth in cybersecurity.
Table of Contents
Chapter 1. Research Scope
1.1. Research Objectives
1.2. Market Definition
1.3. Analysis Period
1.4. Market Size Breakdown by Segments
1.4.1. Market size breakdown, by service
1.4.2. Market size breakdown, by security type
1.4.3. Market size breakdown, by deployment
1.4.4. Market size breakdown, by organization size
1.4.5. Market size breakdown, by vertical
1.4.6. Market size breakdown, by region
1.4.7. Market size breakdown, by country
1.5. Market Data Reporting Unit
1.5.1. Value
1.6. Key Stakeholders
Chapter 2. Research Methodology
2.1. Secondary Research
2.1.1. Paid
2.1.2. Unpaid
2.1.3. P&S Intelligence database
2.2. Primary Research
2.3. Market Size Estimation
2.4. Data Triangulation
2.5. Currency Conversion Rates
2.6. Assumptions for the Study
2.7. Notes and Caveats
Chapter 3. Executive Summary
Chapter 4. Market Indicators
Chapter 5. Industry Outlook
5.1. Market Dynamics
5.1.1. Trends
5.1.2. Drivers
5.1.3. Restraints/challenges
5.1.4. Impact analysis of drivers/restraints
5.2. Impact of COVID-19
5.3. Porter's Five Forces Analysis
5.3.1. Bargaining power of buyers
5.3.2. Bargaining power of suppliers
5.3.3. Threat of new entrants
5.3.4. Intensity of rivalry
5.3.5. Threat of substitutes
Chapter 6. Global Market
6.1. Overview
6.2. Market Revenue, by Service (2017-2030)
6.3. Market Revenue, by Security Type (2017-2030)
6.4. Market Revenue, by Deployment (2017-2030)
6.5. Market Revenue, by Organization Size (2017-2030)
6.6. Market Revenue, by Vertical (2017-2030)
6.7. Market Revenue, by Region (2017-2030)
Chapter 7. North America Market
7.1. Overview
7.2. Market Revenue, by Service (2017-2030)
7.3. Market Revenue, by Security Type (2017-2030)
7.4. Market Revenue, by Deployment (2017-2030)
7.5. Market Revenue, by Organization Size (2017-2030)
7.6. Market Revenue, by Vertical (2017-2030)
7.7. Market Revenue, by Country (2017-2030)
Chapter 8. Europe Market
8.1. Overview
8.2. Market Revenue, by Service (2017-2030)
8.3. Market Revenue, by Security Type (2017-2030)
8.4. Market Revenue, by Deployment (2017-2030)
8.5. Market Revenue, by Organization Size (2017-2030)
8.6. Market Revenue, by Vertical (2017-2030)
8.7. Market Revenue, by Country (2017-2030)
Chapter 9. APAC Market
9.1. Overview
9.2. Market Revenue, by Service (2017-2030)
9.3. Market Revenue, by Security Type (2017-2030)
9.4. Market Revenue, by Deployment (2017-2030)
9.5. Market Revenue, by Organization Size (2017-2030)
9.6. Market Revenue, by Vertical (2017-2030)
9.7. Market Revenue, by Country (2017-2030)
Chapter 10. LATAM Market
10.1. Overview
10.2. Market Revenue, by Service (2017-2030)
10.3. Market Revenue, by Security Type (2017-2030)
10.4. Market Revenue, by Deployment (2017-2030)
10.5. Market Revenue, by Organization Size (2017-2030)
10.6. Market Revenue, by Vertical (2017-2030)
10.7. Market Revenue, by Country (2017-2030)
Chapter 11. MEA Market
11.1. Overview
11.2. Market Revenue, by Service (2017-2030)
11.3. Market Revenue, by Security Type (2017-2030)
11.4. Market Revenue, by Deployment (2017-2030)
11.5. Market Revenue, by Organization Size (2017-2030)
11.6. Market Revenue, by Vertical (2017-2030)
11.7. Market Revenue, by Country (2017-2030)
Chapter 12. U.S. Market
12.1. Overview
12.2. Market Revenue, by Service (2017-2030)
12.3. Market Revenue, by Security Type (2017-2030)
12.4. Market Revenue, by Deployment (2017-2030)
12.5. Market Revenue, by Organization Size (2017-2030)
12.6. Market Revenue, by Vertical (2017-2030)
Chapter 13. Canada Market
13.1. Overview
13.2. Market Revenue, by Service (2017-2030)
13.3. Market Revenue, by Security Type (2017-2030)
13.4. Market Revenue, by Deployment (2017-2030)
13.5. Market Revenue, by Organization Size (2017-2030)
13.6. Market Revenue, by Vertical (2017-2030)
Chapter 14. Germany Market
14.1. Overview
14.2. Market Revenue, by Service (2017-2030)
14.3. Market Revenue, by Security Type (2017-2030)
14.4. Market Revenue, by Deployment (2017-2030)
14.5. Market Revenue, by Organization Size (2017-2030)
14.6. Market Revenue, by Vertical (2017-2030)
Chapter 15. France Market
15.1. Overview
15.2. Market Revenue, by Service (2017-2030)
15.3. Market Revenue, by Security Type (2017-2030)
15.4. Market Revenue, by Deployment (2017-2030)
15.5. Market Revenue, by Organization Size (2017-2030)
15.6. Market Revenue, by Vertical (2017-2030)
Chapter 16. U.K. Market
16.1. Overview
16.2. Market Revenue, by Service (2017-2030)
16.3. Market Revenue, by Security Type (2017-2030)
16.4. Market Revenue, by Deployment (2017-2030)
16.5. Market Revenue, by Organization Size (2017-2030)
16.6. Market Revenue, by Vertical (2017-2030)
Chapter 17. Italy Market
17.1. Overview
17.2. Market Revenue, by Service (2017-2030)
17.3. Market Revenue, by Security Type (2017-2030)
17.4. Market Revenue, by Deployment (2017-2030)
17.5. Market Revenue, by Organization Size (2017-2030)
17.6. Market Revenue, by Vertical (2017-2030)
Chapter 18. Spain Market
18.1. Overview
18.2. Market Revenue, by Service (2017-2030)
18.3. Market Revenue, by Security Type (2017-2030)
18.4. Market Revenue, by Deployment (2017-2030)
18.5. Market Revenue, by Organization Size (2017-2030)
18.6. Market Revenue, by Vertical (2017-2030)
Chapter 19. Japan Market
19.1. Overview
19.2. Market Revenue, by Service (2017-2030)
19.3. Market Revenue, by Security Type (2017-2030)
19.4. Market Revenue, by Deployment (2017-2030)
19.5. Market Revenue, by Organization Size (2017-2030)
19.6. Market Revenue, by Vertical (2017-2030)
Chapter 20. China Market
20.1. Overview
20.2. Market Revenue, by Service (2017-2030)
20.3. Market Revenue, by Security Type (2017-2030)
20.4. Market Revenue, by Deployment (2017-2030)
20.5. Market Revenue, by Organization Size (2017-2030)
20.6. Market Revenue, by Vertical (2017-2030)
Chapter 21. India Market
21.1. Overview
21.2. Market Revenue, by Service (2017-2030)
21.3. Market Revenue, by Security Type (2017-2030)
21.4. Market Revenue, by Deployment (2017-2030)
21.5. Market Revenue, by Organization Size (2017-2030)
21.6. Market Revenue, by Vertical (2017-2030)
Chapter 22. Australia Market
22.1. Overview
22.2. Market Revenue, by Service (2017-2030)
22.3. Market Revenue, by Security Type (2017-2030)
22.4. Market Revenue, by Deployment (2017-2030)
22.5. Market Revenue, by Organization Size (2017-2030)
22.6. Market Revenue, by Vertical (2017-2030)
Chapter 23. South Korea Market
23.1. Overview
23.2. Market Revenue, by Service (2017-2030)
23.3. Market Revenue, by Security Type (2017-2030)
23.4. Market Revenue, by Deployment (2017-2030)
23.5. Market Revenue, by Organization Size (2017-2030)
23.6. Market Revenue, by Vertical (2017-2030)
Chapter 24. Brazil Market
24.1. Overview
24.2. Market Revenue, by Service (2017-2030)
24.3. Market Revenue, by Security Type (2017-2030)
24.4. Market Revenue, by Deployment (2017-2030)
24.5. Market Revenue, by Organization Size (2017-2030)
24.6. Market Revenue, by Vertical (2017-2030)
Chapter 25. Mexico Market
25.1. Overview
25.2. Market Revenue, by Service (2017-2030)
25.3. Market Revenue, by Security Type (2017-2030)
25.4. Market Revenue, by Deployment (2017-2030)
25.5. Market Revenue, by Organization Size (2017-2030)
25.6. Market Revenue, by Vertical (2017-2030)
Chapter 26. Saudi Arabia Market
26.1. Overview
26.2. Market Revenue, by Service (2017-2030)
26.3. Market Revenue, by Security Type (2017-2030)
26.4. Market Revenue, by Deployment (2017-2030)
26.5. Market Revenue, by Organization Size (2017-2030)
26.6. Market Revenue, by Vertical (2017-2030)
Chapter 27. South Africa Market
27.1. Overview
27.2. Market Revenue, by Service (2017-2030)
27.3. Market Revenue, by Security Type (2017-2030)
27.4. Market Revenue, by Deployment (2017-2030)
27.5. Market Revenue, by Organization Size (2017-2030)
27.6. Market Revenue, by Vertical (2017-2030)
Chapter 28. U.A.E. Market
28.1. Overview
28.2. Market Revenue, by Service (2017-2030)
28.3. Market Revenue, by Security Type (2017-2030)
28.4. Market Revenue, by Deployment (2017-2030)
28.5. Market Revenue, by Organization Size (2017-2030)