North America 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
Special Offering: Industry Insights | Market Trends | Highest number of Tables | 24/7 Analyst Support
Get in-depth analysis of the COVID-19 impact on the North America Managed Detection and Response (MDR) Market
Market Report Description
The North America Managed Detection and Response (MDR) Market would witness market growth of 16.1% CAGR during the forecast period (2022-2028).
MDR was created to address the issue of a company's cybersecurity skills gap. It addresses the problem of more emerging attacks that an in-house IT staff cannot adequately address, preferably at a lower cost than the organization would have to pay to develop its dedicated security team. MDR can also provide the company with access to hardware that it might not otherwise have. The figure below depicts the benefits that an organization can expect when MDR is implemented.
MSSPs (Managed Security Services Providers) are MDR's forerunners. MSSPs typically provide comprehensive network monitoring for events and transmit validated alarms to other tools or the security team, as well as a variety of additional services like technology management, updates, regulation, and vulnerability analysis, but they don't normally respond to threats. The client is responsible for carrying out such tasks, which may include specific knowledge that is not always available in-house. As a result, MSSP clients would need to hire extra consultants or vendors to help them with mitigation and remediation. MDR also provides prevention and restoration abilities, as well as the ability to give rapid results with minimal investment.
Cyberspace and its underlying architecture are vulnerable to a number of physical and cyber risks and hazards. Cyber actors and nation-states are developing capabilities to interrupt, damage, or threaten the delivery of important services, as well as exploiting weaknesses to scam information and money. Because of the capacity of hostile actors to operate from anywhere in the globe, the connections between cyberspace and physical world, and the complexity of decreasing weaknesses and consequences in complex cyber networks, cyberspace is extremely difficult to safeguard.
The cyberattack to vital infrastructure, which is extremely vulnerable to sophisticated cyber assaults that pose new risks, is causing rising alarm. As information systems and infrastructural activities become more integrated, there is a growing risk of large-scale or elevated disasters that might interrupt or damage services that are important to millions of Americans' economic and everyday lives. CISA increases the security and resiliency of cyberspace, a vital homeland security task, in view of the danger and potential effects of cyber incidents.
The US market dominated the North America 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 $1,619.1 million by 2028. The Canada market is experiencing a CAGR of 18.7% during (2022 - 2028). Additionally, The Mexico market would exhibit a CAGR of 17.7% 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 U.S., Mexico, Canada, and Rest of North America.
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 North America
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.)
Unique Offerings from KBV Research
- Exhaustive coverage
- The highest number of Market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free