Published Date: 30-Jun-2022
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According to a new report, published by KBV research, The Global Managed Detection and Response (MDR) Market size is expected to reach $6.1 billion by 2028, rising at a market growth of 16.8% CAGR during the forecast period.
The Endpoint Security segment is leading the Global Managed Detection and Response (MDR) Market by Security Type in 2021, thereby, achieving a market value of $2.33 billion by 2028. Endpoint protection ensures the security of a wide range of endpoints, including smartphones and printers. An endpoint protection platform (EPP) is a combined set of endpoint security technologies that identifies and blocks a variety of threats at the endpoint, including antivirus, data encryption, intrusion detection, and data loss prevention.
The On-premise segment has shown growth rate of 14.4% during (2022 - 2028). It due to the information stored on companies’ servers, and the enterprise installs and operate the software, this is referred to as on-premise deployment. All software is stored on hardware on company's premises in an on-premise software infrastructure. This necessitates independent infrastructure maintenance by company's IT staff. This means that on-prem computing is the polar opposite of cloud computing, in which all information, applications, and networking is kept "on-premises" in all hardware and equipment.
The Large Enterprises segment acquired maximum revenue share in the Global Managed Detection and Response (MDR) Market by Organization Size in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $3.43 billion by 2028. It is because large organizations are driving interest in lowering the cost of security operations, implying that the expenditure swing that has fueled multi-year expansion in security budgets is now beginning to swing back oppositely. Those businesses may believe they're not getting the most out of their security spending and are striving to streamline and improve their security processes.
The Government segment is showcasing a CAGR of 18% during (2022 - 2028). The adoption of MDR services in this sector has expanded as a result of the development of eGovernance in government organizations around the world. Because of the secrecy and relevance of government data, attackers pay close attention to government databases and websites. Security information, biometrics, and other demographics and defense-related information could be among the vital data. Due to the sensitive nature of the data they handle, government institutions are subject to strict security standards and regulations.
The North America market dominated the Global Managed Detection and Response (MDR) Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2.24 billion by 2028. The Europe market is estimated to witness a CAGR of 16.4% during (2022 - 2028). Additionally, The Asia Pacific market would experience a CAGR of 17.7% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/managed-detection-and-response-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.)
By ecurity Type
By Deployment Mode
By Organization Size
Unique Offerings from KBV Research
North America Managed Detection and Response (MDR) Market Size & Opportunities 2022-2028
Europe Managed Detection and Response (MDR) Market & Growth Forecast 2022-2028
Asia Pacific Managed Detection and Response (MDR) Market Share & Industry Outlook to 2028
LAMEA Managed Detection and Response (MDR) Market Growth, Trends & Forecasts 2022-2028