Europe Managed Detection and Response (MDR) Market Size, Share & Industry Trends Analysis Report By Security Type, By Deployment Mode (Cloud and On-premise), By Organization Size, By Vertical, By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Europe Managed Detection and Response (MDR) Market would witness market growth of 16.4% CAGR during the forecast period (2022-2028).
MDR analyzes, identifies, and reacts to risks in workplace remotely. The visibility into threat intelligence on the endpoint is often provided by an endpoint detection and response (EDR) solution. Human analysts triage warnings and evaluate the best response to mitigate the effect and risk of positive events using relevant threat information, sophisticated analytics, and forensic evidence. Finally, the threat is eradicated and the impacted endpoints are returned to their pre-infected condition using a mixture of human and machine skills.
Managed prioritization aids firms who struggle to sort through their huge volume of notifications daily to select which to respond to first. Managed prioritizing, often known as "managed EDR," uses automated criteria and human inspection to separate innocuous occurrences and false positive rates from actual risks. Additional context is added to the results, which are then condensed into a flow of high-quality warnings.
Russian intelligence indicates that the government is considering alternatives to cyberattacks in the future. Cyberattacks by the Russian state have included distributed denial-of-service (DDoS) attacks on Ukrainian infrastructure and government officials, as well as the distribution of harmful malware.
In addition, certain cybercriminal organizations have recently stated their backing for the Russian government. These Russian-aligned cybercrime organizations have promised to carry out cyber operations in retribution for alleged cyberattacks on the Russian government and people. Some organizations have also threatened to launch cyberattacks against countries and organizations who provide Ukraine with military aid. Other cybercriminal organizations have recently launched destabilizing operations against Ukrainian websites, most likely in support of Russia's military offensive.
As cybercriminals changed their attention to the vulnerable point in the chain: the endpoint and the employee's PC, remote working resulted in twice as many attacks on PCs. The threats posed by cyberattacks prompted larger businesses to beef up their security with tools like firewalls and virtual private networks (VPNs), allowing employees remote access to company VPNs while also beefing up perimeter defenses.
The Germany market dominated the Europe Managed Detection and Response (MDR) Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $392.9 million by 2028. The UK market is estimated to grow at a CAGR of 15.4% during (2022 - 2028). Additionally, The France market would witness a CAGR of 17.2% during (2022 - 2028).
Based on Security Type, the market is segmented into Endpoint Security, Network Security, Cloud Security, and Others. Based on Deployment Mode, the market is segmented into Cloud and On-premise. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on Vertical, the market is segmented into BFSI, IT & ITeS, Government, Retail, Healthcare, Manufacturing, Energy & Utilities, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Crowdstrike Holdings, Inc., Rapid7, Inc., SentinelOne, Inc., Alert Logic, Inc. (HelpSystems, LLC), Sophos Group PLC (Thoma Bravo), Red Canary, Inc., Arctic Wolf Networks Inc., Kudelski Group (Kudelski Security), Singapore Telecommunications Limited (Trustwave Holdings, Inc.), and Secureworks, Inc. (Dell Marketing L.P.)
Scope of the Study
Market Segments Covered in the Report:
By ecurity Type
- Endpoint Security
- Network Security
- Cloud Security
By Deployment Mode
By Organization Size
- Large Enterprises
- Small & Medium Enterprises
- IT & ITeS
- Energy & Utilities
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Crowdstrike Holdings, Inc.
- Rapid7, Inc.
- SentinelOne, Inc.
- Alert Logic, Inc. (HelpSystems, LLC)
- Sophos Group PLC (Thoma Bravo)
- Red Canary, Inc.
- Arctic Wolf Networks Inc.
- Kudelski Group (Kudelski Security)
- Singapore Telecommunications Limited (Trustwave Holdings, Inc.)
- Secureworks, Inc. (Dell Marketing L.P.)
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