LAMEA 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 Latin America, Middle East and Africa Managed Detection and Response (MDR) Market would witness market growth of 19.9% CAGR during the forecast period (2022-2028).
Every threat is accompanied by a human person who is considering how to prevent being detected by their targets' countermeasures. While machines are intelligent, they are not cunning; human intelligence is required to add the component that no automatic detection method provides. Human threat hunters with vast knowledge and skills identify and notify on the most evasive and stealthy dangers, catching what the layers of automatic protection missed.
MDR providers utilize endpoint detection and response (EDR) as part of their toolkit. EDR collects and retains endpoint behaviors and events, then feeds them into automated reaction and analysis systems based on rules. When an anomaly is discovered, it is reported to the security team for inquiry by humans. To acquire a deeper knowledge of what's going on their networks, EDR allows security teams to employ more than just indications of compromise (IoCs) or signatures.
The UAE is a competitive market for the Information Communication Technology (ICT) industry since it is a major hub for industry globalization in the MENA region. The Abu Dhabi Economic Vision 2030 and the UAE Vision 2021 government programs set out to construct a competitive skilled workforce and establish an open, effective, productive, and internationally integrated business environment to reduce reliance on oil revenue and increase the private sector. The UAE government takes several efforts to help the knowledge economy grow.
The UAE government has developed several free trade zones (FTZs) that specialize in the ICT industry and operate as industry sectors for high innovation and technology, such as Dubai Internet City and Dubai Silicon Oasis. Firms are permitted 100 percent import and export tax exemptions, 100 percent return of capital and profits, and 50-year renewable corporation tax exemptions within these zones. These low trade barriers have made the UAE, and particularly Dubai, the preferred location for enterprises serving the Middle East and North Africa, and this are fueling private sector demand for IT software and services.
The Brazil market dominated the LAMEA 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 $115.9 million by 2028. The Argentina market is poised to grow at a CAGR of 20.5% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 19.6% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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
- Saudi Arabia
- South Africa
- Rest of LAMEA
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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