Incident Response Market Revenues to expand 33.76 billion USD by 2023

[173 Pages Report] Incident response market categorizes the global market by solution, by services, by security type, by organization size, by deployment mode, by vertical and by region.

Posted on 2019-11-21 by MarketsandMarkets in Technology // 0 Comments

Northbrook, IL 60062, USA, 2019-Nov-21 —

The report “Incident Response Market by Component (Solution and Services), Service (Retainer, Assessment and Response, and Planning and Development), Security Type, Organization Size, Deployment Mode, Vertical and Region – Global Forecast to 2023″, The incident response market is expected to grow from USD 13.38 billion in 2018 to USD 33.76 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 20.3% during the forecast period. The major factors driving the incident response market include heavy financial losses post incident occurrence, rise in security breaches targeting enterprises, and need to adhere to compliance requirements.

The incident response services market has been segmented by component, security type, organization size, deployment mode, vertical, and region. The component segment is further segmented into solutions and services. The solutions have been segmented into incident response readiness assessment, incident record management & forensics, user behavior analytics, remediation & recovery, and containment. The services segment includes support & maintenance, consulting & advisory, design & integration, and training & education. Among the component segment, the services type is expected to grow at the highest CAGR.

The incident response services market has been segmented by vertical into Information Technology-Enabled Services (ITES); Banking, Financial Services, and Insurance (BFSI); government; healthcare; retail; manufacturing; and others (media & entertainment and education). BFSI is expected to grow at the highest CAGR during the forecast period. There is a critical need for advanced security solutions in the BFSI industry to fight against the growing number of physical and cyber-attacks on the critical infrastructure that are taking place due to the work from home opportunities, enterprise mobility trends, and rapid adoption of Bring Your Own Device (BYOD).

Request PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=117572423

Key Market Players in Incident Response Services Market

The prominent players in this market are IBM Corporation, Cisco Systems, Inc., Check Point Software Technologies, Dell SecureWorks, Rapid7, FireEye, Inc., Honeywell International, Inc., BAE Systems, and Verizon Wireless. Players in this market have adopted numerous approaches to expand their global presence and achieve growth in the incident response services market. Many players have adopted the strategies of new product launches & enhancements and partnerships & agreements to increase their geographic presence and expand their product portfolio to untapped markets.

IBM was founded in 1911 and is headquartered in New York, U.S. IBM’s subsidiary, Resilience, offers software solutions for responding to incidences. IBM’s security division is one of the leaders in the security market. The company has been known in the market for providing one of the advanced ranges of enterprise security products and services. Moreover, IBM X-Force research has been helping organizations in managing risk and providing security against prevailing cyber threats.

Cisco Systems, Inc., a global provider of networking equipment, was founded in 1984 and is headquartered in California, U.S. Cisco has been very active in the security market with its distinct product and service offering and various solution partners. These solution partners help Cisco in meeting the needs of their joint customers.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their pain points around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Matched content

Editor’s pick