DUBLIN–(BUSINESS WIRE)–The “Growth Opportunities in the Global Managed Detection and Response Market” report has been added to ResearchAndMarkets.com’s offering.
The MDR market is currently receiving an influx of new competitors. Some are pure-play cybersecurity companies, coming from the XDR or EDR space, adding a managed component to turn the solution into a service.
MSSPs have also developed their own MDR services, looking to establish a long-lasting relationship with their customers, and deepening the threat detection and response they can provide. Furthermore, there are also professional services firms, and other security vendors jumping at the opportunity to increase their already broad portfolios with an MDR offering.
Over the past decade, security incidents have increased in frequency and sophistication. A growing number of cyberattacks are sponsored by nation-states, while the attack surface continues to expand in a time of rapid digitalization. Organizations find it increasingly difficult to keep up to date with new developments in cybersecurity and to secure their business assets efficiently relying on in-house experts.
In addition to this, performing effective threat detection and incident response requires a dedicated group of experts. The global lack of cybersecurity professionals makes it harder for organizations to acquire and retain this kind of talent. Furthermore, meaningful automation is still too underdeveloped to decrease the value of human expertise.
These factors have led to customers voicing their demands for more significant hands-on-keyboard approaches from service providers. Managed detection and response has made an impact by hitting every customer paint point in the cybersecurity industry. MDR provides a combination of security tools, controls, and human expertise to deliver proactive 24×7 monitoring of a security environment and perform detection and response.
The service delivers its functions as a Security Operations Center (SOC) and includes Incident Response capabilities, as well as extensive Threat Hunting. MDR vendors have taken advantage of XDR to provide increased visibility and greater integration, as the evolution paths for both solutions continue to converge.
In the long term, the scarcity of cybersecurity professionals will boost MDR market growth, as the issue will persist (and possibly deepen) for the rest of the forecast period. MDR currently offers a solution to the most pressing limitations and complications in the cybersecurity industry, and the publisher expects this will ensure the success of the service in the next three years.
Key Topics Covered:
1. Strategic Imperatives
- Why is it Increasingly Difficult to Grow?
- The Strategic Imperative
- The Impact of the Top Three Strategic Imperatives on the MDR Industry
- Growth Opportunities Fuel the Growth Pipeline Engine
2. Growth Opportunity Analysis
- Scope of Analysis
- Core Aspects of Managed Detection and Response
- Overview and Evolution of MDR
- MDR Market Segmentation
- Key Competitors for the MDR Market
- Key Growth Metrics
- Growth Drivers
- Growth Restraints
- Forecast Assumptions
- Revenue Forecast
- Revenue Forecast by Vendor Type
- Revenue Forecast by Region
- Revenue Forecast by Industry Vertical
- Revenue Forecast by Company Size
- Revenue Forecast Analysis
- Revenue Forecast Analysis by Region
- Revenue Forecast Analysis by Industry Vertical
- Revenue Forecast Analysis by Company Size
- Pricing Trends and Forecast Analysis
- Competitive Environment
- Revenue Share
- Revenue Share Analysis
3. Growth Opportunity Analysis – MDR-Focused Vendors Segment
- Key Growth Metrics
- Revenue Forecast
- Revenue Forecast by Region
- Revenue Forecast by Company Size
- Forecast Analysis
- Growth Opportunity Analysis – Multi-product Vendors Segment
4. Key Growth Metrics
- Revenue Forecast
- Revenue Forecast by Region
- Revenue Forecast by Company Size
- Forecast Analysis
5. Growth Opportunity Universe
- Growth Opportunity 1: Increasing MDR’s Scope without Losing Focus
- Growth Opportunity 2: Pursuing Further Development in Machine Learning and Automation to Empower their Teams
- Growth Opportunity 3: Expansion Into Different Regions and Industry Verticals
- Insights for CISOs
- Current Geopolitical Context and MDR
6. Next Steps
For more information about this report visit https://www.researchandmarkets.com/r/jrqps6.
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