Global Managed Detection and Response Market

Managed Detection and Response Market Size, Share, Growth Analysis, By Service Type(Protective Monitoring, Prioritization of Threats & Alerts, Threat Hunting, Managed Investigation Services), By Security Type(Endpoint Security, Network Security, Cloud Security, Other Security Types), By Vertical(BFSI, IT & ITES, Government, Energy & Utilities), By Deployment Mode(On-premises, Cloud), By Organization Size(Large Enterprises, Small & Medium-Sized Enterprises), By Region - Industry Forecast 2024-2031

Report ID: SQMIG45B2137 | Region: Global | Published Date: September, 2024
Pages: 176 | Tables: 92 | Figures: 71

Managed Detection and Response Market News

  • In August 2024, SentinelOne Inc., a renowned cybersecurity organization announced the general availability of its managed detection and response service offerings. Singularity MDR and Singularity MDR + DFIR are aimed at enhancing enterprise security across all environments ranging from cloud to networks in the wake of rising complexity of cyberattacks.  
  • In October 2024, Happiest Minds Technologies Limited, a leading IT and digital transformation organization announced the launch of its new managed detection and response service. Happiest Minds’ Secureline360 is powered by generative AI to streamline incident response for multiple organizations across different industry verticals. The solution uses a proprietary SecAiGenie platform for its AI capabilities.  
  • In June 2024, Darktrace, a leading name in the cybersecurity business based in the United Kingdom launched Darktrace Managed Detection & Response (MDR) service. The new offering is projected to help security teams streamline their workflow through the use of AI and also improve the overall cyber resilience of organizations as well. 
$5,300
BUY NOW GET FREE SAMPLE
Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

Global Managed Detection and Response Market size was valued at USD 3.8 billion in 2022 and is poised to grow from USD 4.01 billion in 2023 to USD 5.45 billion by 2031, growing at a CAGR of 23.54% during the forecast period (2024-2031).

To address the increasingly complex cybersecurity landscape, managed detection and response market players need to innovate and launch new offerings. Collaborations and partnerships will be crucial strategies for companies looking to enhance their global managed detection and response market presence. Investing in the integration of advanced technologies such as artificial intelligence and machine learning could also offer lucrative returns for all managed detection and response market players in the long run. 'CrowdStrike ', 'Rapid7 ', 'Arctic Wolf ', 'Kudelski Security ', 'SentinelOne ', 'Proficio ', 'Expel ', 'Secureworks ', 'Summit Partners ', 'Fortra ', 'Chertoff Group ', 'Alphabet Inc. ', 'Binary Defense ', 'Thoma Bravo ', 'Esentire ', 'Deepwatch ', 'Lumifi Cyber  ', 'Gosecure ', 'Lmntrix ', 'Underdefense ', 'Ackcent ', 'Cybereason ', 'Critical Start ', 'Advent International  ', 'Digital Research, Inc.'

Cyberattacks and data breaches are becoming increasingly common around the world as attackers become more aware of vulnerabilities and develop more complex viruses. Managed detection and response solutions and services play a crucial role in managing and fending off complex cyberattacks and data breaches thereby driving market growth. 

Use of Advanced Technologies for Advanced Threat Detection: Managed detection and response companies will need to adopt technologies such as artificial intelligence and machine learning to provide advanced threat detection and management. Use of such technologies will improve the scope of application and adoption for managed detection and response around the world as emphasis on cybersecurity rises.  

The rapid adoption of advanced technologies and high incidence of cyberattacks are slated to be key factors allowing North America to account for a dominant share of the global managed detection and response market. The presence of key managed detection and response providers and high adoption of cloud technologies are also expected to help this region maintain its high market share across the study period. The United States and Canada are slated to be the top markets for managed detection and response companies to target in North America going forward. Imposition of stringent data privacy and security mandates by governments in this region will also bolster market development in the future.  

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

Click here right-arrow
logo-images

Feedback From Our Clients

Global Managed Detection and Response Market

Report ID: SQMIG45B2137

$5,300
BUY NOW GET FREE SAMPLE