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Managed Detection and Response (MDR) Market by Security Type (Network, Endpoint, Cloud), Deployment Mode (On-Premises and Cloud), Organization Size (SMEs and Large Enterprises), Vertical and Region - Global Forecast to 2028

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    Report

  • 270 Pages
  • May 2023
  • Region: Global
  • Markets and Markets
  • ID: 5598296
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Increasing Adoption of MDR Across SMEs Presents Lucrative Opportunities

The global MDR market size is projected to grow from USD 3.3 billion in 2023 to USD 9.5 billion by 2028, at a Compound Annual Growth Rate (CAGR) of 23.3% during the forecast period. The MDR market is propelled by key factors that are shaping its growth trajectory. These include the increasing occurrence of business email compromise, ransomware, and crypto-jacking threats, which necessitate robust MDR solutions for effective defense. Furthermore, the industry's response to the scarcity of cybersecurity skills and the overwhelming volume of alerts has fueled the adoption of MDR services, providing organizations with the expertise and support needed to mitigate risks. 

Government regulations mandating compliance have also driven the market, as organizations seek MDR solutions to meet security requirements. Additionally, the rapid proliferation of technology and the expanding penetration of IoT devices have created new avenues for cyber threats, further boosting the demand for MDR services as a proactive defense mechanism.  

By vertical, the BFSI segment holds the largest market size 

The BFSI segment asserts its dominance as the largest market size in the MDR landscape, owing to a multitude of compelling factors. Foremost, the BFSI industry handles copious volumes of highly valuable financial and customer data, making it an alluring target for malicious actors. Consequently, the imperative to fortify data protection fuels the demand for comprehensive MDR solutions within the sector. Moreover, the BFSI domain is governed by rigorous regulatory frameworks and stringent compliance standards that mandate robust security measures and swift incident response capabilities, both of which are effectively catered to by MDR services. Furthermore, given the substantial financial repercussions of security breaches in the BFSI sector, the proactive threat detection and response capabilities offered by MDR solutions has become more imperative.

By security type, the cloud security segment registered the highest CAGR during the forecast period

The growth of cloud security can be attributed to the increasing adoption of cloud computing and the migration of critical business operations to cloud environments. Additionally, the need for robust security measures in cloud settings drives the demand for specialized MDR solutions. Furthermore, cloud environments' dynamic nature and the evolving threat landscape necessitate continuous monitoring and advanced threat detection and response capabilities provided by MDR services. Also, the emergence of sophisticated cloud-specific attacks further fuels the market's growth potential for cloud security in MDR. Thus, the cloud security segment accounts for the highest CAGR during the forecasted period.

By SME type, the medium-sized enterprise’s segment is to grow at the largest market size during the forecast period

Medium-sized enterprises possess greater resources and financial capabilities, enabling them to invest in comprehensive cybersecurity solutions such as MDR services. Recognizing the criticality of safeguarding their valuable assets and sensitive data, medium-sized enterprises proactively seek MDR services to enhance their security posture. Additionally, their larger scale and operational complexity make them attractive targets for cyber threats, necessitating robust MDR solutions to mitigate risks effectively. The market leadership of medium-sized enterprises in the MDR domain reflects their commitment to proactive cybersecurity measures and their understanding of the value delivered by specialized MDR providers. Thus, medium-sized enterprises account for the largest market size during the forecasted period.

Breakdown of primaries 

The study contains various industry experts’ insights, from component suppliers to Tier 1 companies and OEMs. The break-up of the primaries is as follows:

  • By Company Type: Tier 1 - 40%, Tier 2 - 35%, and Tier 3 - 25%
  • By Designation: C-level - 43%, Directors - 33%, and Managers - 24%
  • By Region: North America - 35%, Europe - 30%, Asia Pacific - 25%, Middle East & Africa - 5%, Latin America - 5%

Major vendors in the global MDR market include CrowdStrike (US), Rapid7 (US), Red Canary (US), Arctic Wolf (US), Kudelski Security (Switzerland), SentinelOne (US), Proficio (US), Expel (US), Secureworks (US), Alert Logic (US), Trustwave (US), Mandiant (US), Binary Defense (US), Sophos (UK), eSentire (Canada), Deepwatch (US), Netsurion (US), GoSecure (US), LMNTRIX (US), UnderDefense (US), Ackcent (Spain), Cybereason (US), Critical Start (US), Cysiv (US), and Critical Insight (US). 

The study includes an in-depth competitive analysis of the key players in the MDR market, their company profiles, recent developments, and key market strategies. 

Research Coverage

The report segments the MDR market and forecasts its size by Security type (Endpoint security, Network security, Cloud security, and Other security types), Deployment mode (On-premises and Cloud), Organization size (SMEs and Large enterprises), Vertical (BFSI, IT and ITeS, Government and Defense, Energy and Utilities, Manufacturing, Healthcare, Retail and eCommerce, and other verticals), and region (North America, Europe, Asia Pacific, Middle East & Africa, and Latin America).    

The study also includes an in-depth competitive analysis of the market's key players, their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

Key Benefits of Buying the Report

The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall MDR market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.  

The report provides insights on the following pointers:

  • Analysis of key drivers (Growing incidents of business email compromise, ransomware, and crypto-jacking threats and Addressing the gap in cybersecurity skills and overwhelming alert volumes), restraints (Lack of trust in third-party applications and Cost of MDR services to be an inhibitor for organizations), opportunities (Introduction of ML/AI-powered MDR services and  Increasing adoption of MDR across SMEs), and challenges (Lack of modern IT infrastructure and Potential cyberattacks on MDR service provider's infrastructure)
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the MDR market.
  • Market Development: Comprehensive information about lucrative markets - the report analyses the MDR market across varied regions.
  • Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the MDR market.
  • Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players like CrowdStrike (US), Rapid7 (US), Red Canary (US), Arctic Wolf (US), Kudelski Security (Switzerland), among others in the MDR market strategies.

Table of Contents

1 Introduction
1.1 Study Objectives
1.2 Market Definition
1.2.1 Inclusions and Exclusions
1.3 Market Scope
1.3.1 Market Segmentation
1.3.2 Regions Covered
1.4 Years Considered
1.5 Currency Considered
Table 1 USD Exchange Rates, 2018-2022
1.6 Stakeholders
1.7 Summary of Changes

2 Research Methodology
2.1 Research Data
Figure 1 Global Managed Detection and Response Market: Research Design
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Breakdown of Primary Interviews
2.1.2.2 Key Industry Insights
2.2 Market Breakup and Data Triangulation
Figure 2 Market Breakup and Data Triangulation
2.3 Market Size Estimation
Figure 3 Market Size Estimation Methodology - Approach 1 (Supply Side): Revenue of Solutions and Services
Figure 4 Market Size Estimation Methodology Approach 1: Supply-Side Analysis
Figure 5 Market Estimation Approach: Supply-Side Analysis (Company Revenue Estimation)
Figure 6 Market Size Estimation Methodology Approach 1 - Bottom-Up (Supply Side): Collective Revenue of All Solutions and Services
Figure 7 Market Size Estimation Methodology Approach 2 - Bottom-Up (Demand Side): Products/Solutions/Services
2.4 Market Forecast
Table 2 Factor Analysis
2.5 Recession Impact and Research Assumptions
2.5.1 Recession Impact
2.5.2 Research Assumptions
2.6 Limitations
Figure 8 Limitations

3 Executive Summary
Table 3 Managed Detection and Response Market Size and Growth Rate, 2017-2022 (USD Million, Y-O-Y %)
Table 4 Market Size and Growth Rate, 2023-2028 (USD Million, Y-O-Y %)
Figure 9 Global Market Size and Y-O-Y Growth Rate
Figure 10 North America to Hold Largest Market Share in 2023

4 Premium Insights
4.1 Attractive Market Opportunities in Managed Detection and Response Market
Figure 11 Managed Services to Address Shortage of Skilled Cybersecurity Professionals
4.2 Market Share of Top Three Verticals and Regions, 2023
Figure 12 Bfsi Segment and North America to Hold Largest Market Shares
4.3 Market, Top Three Security Types, 2023-2028
Figure 13 Endpoint Security Segment to Hold Largest Market Share in 2023
4.4 Market, by Deployment Mode, 2023-2028
Figure 14 Cloud Segment to Hold Larger Market Share During Forecast Period
4.5 Market, by Organization Size, 2023-2028
Figure 15 Small and Medium-Sized Enterprises Segment to Hold Larger Market Share During Forecast Period
4.6 Market Investment Scenario, by Region
Figure 16 Asia-Pacific to Emerge as Best Market for Investment in Next Five Years

5 Market Overview and Industry Trends
5.1 Introduction
Figure 17 Benefits Gained by Organization Using Managed Detection and Response Services
5.2 Market Dynamics
Figure 18 Managed Detection and Response Market: Drivers, Restraints, Opportunities, and Challenges
5.2.1 Drivers
5.2.1.1 Growing Incidents of Business Email Compromise, Ransomware, and Crypto-Jacking Threats
5.2.1.2 Addressing Gap in Cybersecurity Skills and Overwhelming Alert Volumes
5.2.1.3 Government Regulations and Need for Compliance to Drive Adoption of Mdr Services
5.2.1.4 Technological Proliferation and Increasing Penetration of Iot
5.2.2 Restraints
5.2.2.1 Lack of Trust in Third-Party Applications
5.2.2.2 Cost of Mdr Services to be Inhibitor for Organizations
5.2.2.3 False Positives to Hinder Effectiveness of Mdr Services
5.2.3 Opportunities
5.2.3.1 Introduction of Ml/Ai-Powered Mdr Services
5.2.3.2 Increasing Adoption of Mdr Across Smes
5.2.3.3 The Benefits of Scalability for Mdr Services
5.2.4 Challenges
5.2.4.1 Lack of Modern It Infrastructure
5.2.4.2 Potential Cyberattacks on Mdr Service Provider's Infrastructure
5.3 Use Cases
5.3.1 Top Insurance Annuity Company Benefits from Esentire's 24/7 Threat Detection, Response and Cloud Security Posture Management
5.3.2 Canadian Financial Services Firm Uses Arctic Wolf's Mdr Services to Monitor It Environment
5.3.3 Alert Logic Helps Iodine Software Secure In-Patient Healthcare Data and Meet Compliance Mandates
5.3.4 Secureworks to Support in Strengthening Cybersecurity for Gkn Wheels and Structures
5.3.5 Global Investment Firm Uses Mdr Services to Protect Proprietary Information and Private Data
5.4 Value Chain Analysis
Figure 19 Value Chain: Mdr Market
5.5 Ecosystem
Figure 20 Ecosystem: Mdr Market
5.6 Porter's Five Forces Analysis
Figure 21 Porter's Five Forces Analysis: Mdr Market
Table 5 Porter's Five Forces Impact Analysis
5.6.1 Threat from New Entrants
5.6.2 Bargaining Power of Suppliers
5.6.3 Bargaining Power of Buyers
5.6.4 Threat of Substitutes
5.6.5 Intensity of Competitive Rivalry
5.7 Pricing Model Analysis
5.7.1 Selling Prices of Key Players, by Team Size and Endpoint
Table 6 Selling Prices of Key Players (USD)
5.8 Technology Analysis
5.8.1 Expansion in Api Security Monitoring
5.8.2 Integration with Edge Security
5.8.3 Endpoint Detection and Response (Edr) Tools
5.8.4 Network Traffic Analysis (Nta) Tools
5.8.5 Artificial Intelligence (Ai) and Machine Learning (Ml)
5.9 Patent Analysis
Figure 22 Patent Analysis: Mdr Market
5.10 Trends and Disruptions Impacting Customers Business
Figure 23 Trends and Disruptions Impacting Customers Business: Mdr Market
5.11 Tariff and Regulatory Landscape
5.11.1 Payment Card Industry Data Security Standard (Pci-Dss)
5.11.2 Health Insurance Portability and Accountability Act (Hipaa)
5.11.3 Federal Information Security Management Act (Fisma)
5.11.4 Gramm-Leach-Bliley Act (Glba)
5.11.5 Sarbanes-Oxley Act (Sox)
5.11.6 International Organization for Standardization (Iso) Standard 27001
5.11.7 European Union General Data Protection Regulation (Eu Gdpr)
5.11.8 Ffiec Cybersecurity Assessment Tool
5.11.9 Nist Cybersecurity Framework
5.11.10 Defense Federal Acquisition Regulation Supplement (Dfars)
5.11.11 Information Technology Infrastructure Library (Itil)
5.11.12 Csa Star
5.11.13 Regulatory Bodies, Government Agencies, and Other Organizations
Table 7 List of Regulatory Bodies, Government Agencies, and Other Organizations
5.12 Key Stakeholders and Buying Criteria
5.12.1 Key Stakeholders in Buying Process
Figure 24 Influence of Stakeholders on Buying Process (%)
Table 8 Influence of Stakeholders on Buying Process (%)
5.13 Key Conferences and Events, 2022-2023
Table 9 Conferences and Events, 2023

6 Managed Detection and Response Market, by Service Type
6.1 Introduction
6.2 Protective Monitoring
6.3 Prioritization of Threats and Alerts
6.4 Threat Hunting
6.5 Managed Investigation Services
6.6 Guided Response
6.7 Managed Remediation

7 Managed Detection and Response Market, by Security Type
7.1 Introduction
Figure 25 Cloud Security Segment to Record Highest Growth Rate During Forecast Period
Table 10 Market, by Security Type, 2017-2022 (USD Million)
Table 11 Market, by Security Type, 2023-2028 (USD Million)
7.2 Endpoint Security
7.2.1 Rising Demand to Curb Thefts Using IIoT Security Measures
7.2.2 Endpoint Security: Market Drivers
Table 12 Endpoint Security: Market, by Region, 2017-2022 (USD Million)
Table 13 Endpoint Security: Market, by Region, 2023-2028 (USD Million)
7.3 Network Security
7.3.1 Increasing Byod Trend to Generate Greater Demand for Cybersecurity Solutions
7.3.2 Network Security: Managed Detection and Response Market Drivers
Table 14 Network Security: Market, by Region, 2017-2022 (USD Million)
Table 15 Network Security: Market, by Region, 2023-2028 (USD Million)
7.4 Cloud Security
7.4.1 Increased Demand from Smes for Cloud-Based Healthcare Solutions
7.4.2 Cloud Security: Market Drivers
Table 16 Cloud Security: Market, by Region, 2017-2022 (USD Million)
Table 17 Cloud Security: Market, by Region, 2023-2028 (USD Million)
7.5 Other Security Types
Table 18 Other Security Types: Market, by Region, 2017-2022 (USD Million)
Table 19 Other Security Types: Market, by Region, 2023-2028 (USD Million)

8 Managed Detection and Response Market, by Deployment Mode
8.1 Introduction
Figure 26 Cloud Deployment Mode Segment to Account for Larger Market During Forecast Period
Table 20 Market, by Deployment Mode, 2017-2022 (USD Million)
Table 21 Market, by Deployment Mode, 2023-2028 (USD Million)
8.2 On-Premises
8.2.1 Customization of On-Premises Solution Deployment to Boost Demand
8.2.2 On-Premises: Market Drivers
Table 22 On-Premises: Market, by Region, 2017-2022 (USD Million)
Table 23 On-Premises: Market, by Region, 2023-2028 (USD Million)
8.3 Cloud
8.3.1 Cost Optimization, Scalability, and Flexibility of Cloud Deployment to Drive Demand
8.3.2 Cloud: Market Drivers
Table 24 Cloud: Market, by Region, 2017-2022 (USD Million)
Table 25 Cloud: Market, by Region, 2023-2028 (USD Million)

9 Managed Detection and Response Market, by Organization Size
9.1 Introduction
Figure 27 Small and Medium-Sized Enterprises to Account for Larger Market During Forecast Period
Table 26 Market, by Organization Size, 2017-2022 (USD Million)
Table 27 Market, by Organization Size, 2023-2028 (USD Million)
9.2 Small and Medium-Sized Enterprises
9.2.1 Flexibility and Affordability to Boost Sales of Security Solutions
9.2.2 Small and Medium-Sized Enterprises: Market Drivers
Table 28 Small and Medium-Sized Enterprises Market, by Region, 2017-2022 (USD Million)
Table 29 Small and Medium-Sized Enterprises Market, by Region, 2023-2028 (USD Million)
9.2.3 Customization: Small and Medium-Sized Enterprises Sub Types
Table 30 Market, by Small and Medium-Sized Enterprises Sub Type, 2017-2022 (USD Million)
Table 31 Market, by Small and Medium-Sized Enterprises Sub Type, 2023-2028 (USD Million)
Table 32 Small-Sized Enterprises: Market, by Region, 2017-2022 (USD Million)
Table 33 Small-Sized Enterprises: Market, by Region, 2023-2028 (USD Million)
Table 34 Medium-Sized Enterprises: Market, by Region, 2017-2022 (USD Million)
Table 35 Medium-Sized Enterprises: Market, by Region, 2023-2028 (USD Million)
9.3 Large Enterprises
9.3.1 Rising Concerns About Regulatory Compliance to Fuel Adoption of Mdr Services
9.3.2 Large Enterprises: Market Drivers
Table 36 Large Enterprises: Market, by Region, 2017-2022 (USD Million)
Table 37 Large Enterprises: Market, by Region, 2023-2028 (USD Million)

10 Managed Detection and Response Market, by Vertical
10.1 Introduction
Figure 28 Bfsi to Account for Largest Market Size During Forecast Period
Table 38 Market, by Vertical, 2017-2022 (USD Million)
Table 39 Market, by Vertical, 2023-2028 (USD Million)
10.2 Bfsi
10.2.1 Rising Demand for Data Protection Services in Banking Companies to Drive Market
10.2.2 Bfsi: Market Drivers
Table 40 Bfsi: Market, by Region, 2017-2022 (USD Million)
Table 41 Bfsi: Market, by Region, 2023-2028 (USD Million)
10.3 It and Ites
10.3.1 Growing Concerns of Fraud and Compliance to Propel Market
10.3.2 It and Ites: Managed Detection and Response Market Drivers
Table 42 It and Ites: Market, by Region, 2017-2022 (USD Million)
Table 43 It and Ites: Market, by Region, 2023-2028 (USD Million)
10.4 Government and Defense
10.4.1 Rising Concerns About Identity Theft and Business Fraud to Fuel Market Growth
10.4.2 Government and Defense: Market Drivers
Table 44 Government and Defense: Market, by Region, 2017-2022 (USD Million)
Table 45 Government and Defense: Market, by Region, 2023-2028 (USD Million)
10.5 Energy and Utilities
10.5.1 Need to Secure Critical Infrastructure to Fuel Segment Growth
10.5.2 Energy and Utilities: Market Drivers
Table 46 Energy and Utilities: Market, by Region, 2017-2022 (USD Million)
Table 47 Energy and Utilities: Market, by Region, 2023-2028 (USD Million)
10.6 Manufacturing
10.6.1 Mobile Security to Boost Managed Security Infrastructure
10.6.2 Manufacturing: Managed Detection and Response Market Drivers
Table 48 Manufacturing: Market, by Region, 2017-2022 (USD Million)
Table 49 Manufacturing: Market, by Region, 2023-2028 (USD Million)
10.7 Healthcare
10.7.1 Need to Secure Critical Patient Data Across Cloud Environment to Boost Segment Growth
10.7.2 Healthcare: Market Drivers
Table 50 Healthcare: Market, by Region, 2017-2022 (USD Million)
Table 51 Healthcare: Market, by Region, 2023-2028 (USD Million)
10.8 Retail and Ecommerce
10.8.1 Automation Across Retail Channels for Curbing Data Theft to Propel Market
10.8.2 Retail and Ecommerce: Market Drivers
Table 52 Retail and Ecommerce: Market, by Region, 2017-2022 (USD Million)
Table 53 Retail and Ecommerce: Market, by Region, 2023-2028 (USD Million)
10.9 Other Verticals
Table 54 Other Verticals: Market, by Region, 2017-2022 (USD Million)
Table 55 Other Verticals: Market, by Region, 2023-2028 (USD Million)

11 Managed Detection and Response Market, by Region
11.1 Introduction
Figure 29 Asia-Pacific to Grow at Highest CAGR During Forecast Period
Table 56 Market, by Region, 2017-2022 (USD Million)
Table 57 Market, by Region, 2023-2028 (USD Million)
11.2 North America
11.2.1 North America: Market Drivers
11.2.2 North America: Recession Impact
11.2.3 North America: Regulatory Landscape
Figure 30 North America: Managed Detection and Response Market Snapshot
Table 58 North America: Market, by Security Type, 2017-2022 (USD Million)
Table 59 North America: Market, by Security Type, 2023-2028 (USD Million)
Table 60 North America: Market, by Deployment Mode, 2017-2022 (USD Million)
Table 61 North America: Market, by Deployment Mode, 2023-2028 (USD Million)
Table 62 North America: Market, by Organization Size, 2017-2022 (USD Million)
Table 63 North America: Market, by Organization Size, 2023-2028 (USD Million)
Table 64 North America: Market, by Vertical, 2017-2022 (USD Million)
Table 65 North America: Market, by Vertical, 2023-2028 (USD Million)
Table 66 North America: Market, by Country, 2017-2022 (USD Million)
Table 67 North America: Market, by Country, 2023-2028 (USD Million)
11.2.4 US
11.2.4.1 Presence of Major Solution Vendors and Expensive Cyberattacks to Drive Market
Table 68 US: Managed Detection and Response Market, by Security Type, 2017-2022 (USD Million)
Table 69 US: Market, by Security Type, 2023-2028 (USD Million)
Table 70 US: Market, by Deployment Mode, 2017-2022 (USD Million)
Table 71 US: Market, by Deployment Mode, 2023-2028 (USD Million)
Table 72 US: Market, by Organization Size, 2017-2022 (USD Million)
Table 73 US: Market, by Organization Size, 2023-2028 (USD Million)
Table 74 US: Market, by Vertical, 2017-2022 (USD Million)
Table 75 US: Market, by Vertical, 2023-2028 (USD Million)
11.2.5 Canada
11.2.5.1 Technological Advancements and Stringent Regulations
Table 76 Canada: Managed Detection and Response Market, by Security Type, 2017-2022 (USD Million)
Table 77 Canada: Market, by Security Type, 2023-2028 (USD Million)
Table 78 Canada: Market, by Deployment Mode, 2017-2022 (USD Million)
Table 79 Canada: Market, by Deployment Mode, 2023-2028 (USD Million)
Table 80 Canada: Market, by Organization Size, 2017-2022 (USD Million)
Table 81 Canada: Market, by Organization Size, 2023-2028 (USD Million)
Table 82 Canada: Market, by Vertical, 2017-2022 (USD Million)
Table 83 Canada: Market, by Vertical, 2023-2028 (USD Million)
11.3 Europe
11.3.1 Europe: Market Drivers
11.3.2 Europe: Recession Impact
11.3.3 Europe: Regulatory Landscape
Table 84 Europe: Managed Detection and Response Market, by Security Type, 2017-2022 (USD Million)
Table 85 Europe: Market, by Security Type, 2023-2028 (USD Million)
Table 86 Europe: Market, by Deployment Mode, 2017-2022 (USD Million)
Table 87 Europe: Market, by Deployment Mode, 2023-2028 (USD Million)
Table 88 Europe: Market, by Organization Size, 2017-2022 (USD Million)
Table 89 Europe: Market, by Organization Size, 2023-2028 (USD Million)
Table 90 Europe: Market, by Vertical, 2017-2022 (USD Million)
Table 91 Europe: Market, by Vertical, 2023-2028 (USD Million)
Table 92 Europe: Market, by Country, 2017-2022 (USD Million)
Table 93 Europe: Market, by Country, 2023-2028 (USD Million)
11.3.4 UK
11.3.4.1 Initiatives by Government to Prevent Attacks
Table 94 UK: Managed Detection and Response Market, by Security Type, 2017-2022 (USD Million)
Table 95 UK: Market, by Security Type, 2023-2028 (USD Million)
Table 96 UK: Market, by Deployment Mode, 2017-2022 (USD Million)
Table 97 UK: Market, by Deployment Mode, 2023-2028 (USD Million)
Table 98 UK: Market, by Organization Size, 2017-2022 (USD Million)
Table 99 UK: Market, by Organization Size, 2023-2028 (USD Million)
Table 100 UK: Market, by Vertical, 2017-2022 (USD Million)
Table 101 UK: Market, by Vertical, 2023-2028 (USD Million)
11.3.5 Germany
11.3.5.1 Robust Economy and Digitalization of Healthcare Industry by Government
Table 102 Germany: Managed Detection and Response Market, by Security Type, 2017-2022 (USD Million)
Table 103 Germany: Market, by Security Type, 2023-2028 (USD Million)
Table 104 Germany: Market, by Deployment Mode, 2017-2022 (USD Million)
Table 105 Germany: Market, by Deployment Mode, 2023-2028 (USD Million)
Table 106 Germany: Market, by Organization Size, 2017-2022 (USD Million)
Table 107 Germany: Market, by Organization Size, 2023-2028 (USD Million)
Table 108 Germany: Market, by Vertical, 2017-2022 (USD Million)
Table 109 Germany: Market, by Vertical, 2023-2028 (USD Million)
11.3.6 France
11.3.6.1 Highly Digital and Technologically Advanced Country with Rampant Cybersecurity Attacks
Table 110 France: Managed Detection and Response Market, by Security Type, 2017-2022 (USD Million)
Table 111 France: Market, by Security Type, 2023-2028 (USD Million)
Table 112 France: Market, by Deployment Mode, 2017-2022 (USD Million)
Table 113 France: Market, by Deployment Mode, 2023-2028 (USD Million)
Table 114 France: Market, by Organization Size, 2017-2022 (USD Million)
Table 115 France: Market, by Organization Size, 2023-2028 (USD Million)
Table 116 France: Market, by Vertical, 2017-2022 (USD Million)
Table 117 France: Market, by Vertical, 2023-2028 (USD Million)
11.3.7 Rest of Europe
Table 118 Rest of Europe: Managed Detection and Response Market, by Security Type, 2017-2022 (USD Million)
Table 119 Rest of Europe: Market, by Security Type, 2023-2028 (USD Million)
Table 120 Rest of Europe: Market, by Deployment Mode, 2017-2022 (USD Million)
Table 121 Rest of Europe: Market, by Deployment Mode, 2023-2028 (USD Million)
Table 122 Rest of Europe: Market, by Organization Size, 2017-2022 (USD Million)
Table 123 Rest of Europe: Market, by Organization Size, 2023-2028 (USD Million)
Table 124 Rest of Europe: Market, by Vertical, 2017-2022 (USD Million)
Table 125 Rest of Europe: Market, by Vertical, 2023-2028 (USD Million)
11.4 Asia-Pacific
11.4.1 Asia-Pacific: Market Drivers
11.4.2 Asia-Pacific: Recession Impact
11.4.3 Asia-Pacific: Regulatory Landscape
Figure 31 Asia-Pacific: Managed Detection and Response Market Snapshot
Table 126 Asia-Pacific: Market, by Security Type, 2017-2022 (USD Million)
Table 127 Asia-Pacific: Market, by Security Type, 2023-2028 (USD Million)
Table 128 Asia-Pacific: Market, by Deployment Mode, 2017-2022 (USD Million)
Table 129 Asia-Pacific: Market, by Deployment Mode, 2023-2028 (USD Million)
Table 130 Asia-Pacific: Market, by Organization Size, 2017-2022 (USD Million)
Table 131 Asia-Pacific: Market, by Organization Size, 2023-2028 (USD Million)
Table 132 Asia-Pacific: Market, by Vertical, 2017-2022 (USD Million)
Table 133 Asia-Pacific: Market, by Vertical, 2023-2028 (USD Million)
Table 134 Asia-Pacific: Market, by Country, 2017-2022 (USD Million)
Table 135 Asia-Pacific: Market, by Country, 2023-2028 (USD Million)
11.4.4 China
11.4.4.1 Managed Security Services to Boost Manufacturing Vertical
Table 136 China: Managed Detection and Response Market, by Security Type, 2017-2022 (USD Million)
Table 137 China: Market, by Security Type, 2023-2028 (USD Million)
Table 138 China: Market, by Deployment Mode, 2017-2022 (USD Million)
Table 139 China: Market, by Deployment Mode, 2023-2028 (USD Million)
Table 140 China: Market, by Organization Size, 2017-2022 (USD Million)
Table 141 China: Market, by Organization Size, 2023-2028 (USD Million)
Table 142 China: Market, by Vertical, 2017-2022 (USD Million)
Table 143 China: Market, by Vertical, 2023-2028 (USD Million)
11.4.5 Japan
11.4.5.1 Innovative Initiatives to be Taken by Government
Table 144 Japan: Managed Detection and Response Market, by Security Type, 2017-2022 (USD Million)
Table 145 Japan: Market, by Security Type, 2023-2028 (USD Million)
Table 146 Japan: Market, by Deployment Mode, 2017-2022 (USD Million)
Table 147 Japan: Market, by Deployment Mode, 2023-2028 (USD Million)
Table 148 Japan: Market, by Organization Size, 2017-2022 (USD Million)
Table 149 Japan: Market, by Organization Size, 2023-2028 (USD Million)
Table 150 Japan: Market, by Vertical, 2017-2022 (USD Million)
Table 151 Japan: Market, by Vertical, 2023-2028 (USD Million)
11.4.6 Australia and New Zealand
11.4.6.1 Excellent Infrastructure to Support Endpoint Security Measures
Table 152 Australia and New Zealand: Managed Detection and Response Market, by Security Type, 2017-2022 (USD Million)
Table 153 Australia and New Zealand: Market, by Security Type, 2023-2028 (USD Million)
Table 154 Australia and New Zealand: Market, by Deployment Mode, 2017-2022 (USD Million)
Table 155 Australia and New Zealand: Market, by Deployment Mode, 2023-2028 (USD Million)
Table 156 Australia and New Zealand: Market, by Organization Size, 2017-2022 (USD Million)
Table 157 Australia and New Zealand: Market, by Organization Size, 2023-2028 (USD Million)
Table 158 Australia and New Zealand: Market, by Vertical, 2017-2022 (USD Million)
Table 159 Australia and New Zealand: Market, by Vertical, 2023-2028 (USD Million)
11.4.7 India
11.4.7.1 Fastest-Developing Country with Increased Digitalization
Table 160 India: Managed Detection and Response Market, by Security Type, 2017-2022 (USD Million)
Table 161 India: Market, by Security Type, 2023-2028 (USD Million)
Table 162 India: Market, by Deployment Mode, 2017-2022 (USD Million)
Table 163 India: Market, by Deployment Mode, 2023-2028 (USD Million)
Table 164 India: Market, by Organization Size, 2017-2022 (USD Million)
Table 165 India: Market, by Organization Size, 2023-2028 (USD Million)
Table 166 India: Market, by Vertical, 2017-2022 (USD Million)
Table 167 India: Market, by Vertical, 2023-2028 (USD Million)
11.4.8 Rest of Asia-Pacific
Table 168 Rest of Asia-Pacific: Managed Detection and Response Market, by Security Type, 2017-2022 (USD Million)
Table 169 Rest of Asia-Pacific: Market, by Security Type, 2023-2028 (USD Million)
Table 170 Rest of Asia-Pacific: Market, by Deployment Mode, 2017-2022 (USD Million)
Table 171 Rest of Asia-Pacific: Market, by Deployment Mode, 2023-2028 (USD Million)
Table 172 Rest of Asia-Pacific: Market, by Organization Size, 2017-2022 (USD Million)
Table 173 Rest of Asia-Pacific: Market, by Organization Size, 2023-2028 (USD Million)
Table 174 Rest of Asia-Pacific: Market, by Vertical, 2017-2022 (USD Million)
Table 175 Rest of Asia-Pacific: Market, by Vertical, 2023-2028 (USD Million)
11.5 Middle East & Africa
11.5.1 Middle East & Africa: Market Drivers
11.5.2 Middle East & Africa: Recession Impact
11.5.3 Middle East & Africa: Regulatory Landscape
Table 176 Middle East & Africa: Managed Detection and Response Market, by Security Type, 2017-2022 (USD Million)
Table 177 Middle East & Africa: Market, by Security Type, 2023-2028 (USD Million)
Table 178 Middle East & Africa: Market, by Deployment Mode, 2017-2022 (USD Million)
Table 179 Middle East & Africa: Market, by Deployment Mode, 2023-2028 (USD Million)
Table 180 Middle East & Africa: Market, by Organization Size, 2017-2022 (USD Million)
Table 181 Middle East & Africa: Market, by Organization Size, 2023-2028 (USD Million)
Table 182 Middle East & Africa: Market, by Vertical, 2017-2022 (USD Million)
Table 183 Middle East & Africa: Market, by Vertical, 2023-2028 (USD Million)
Table 184 Middle East & Africa: Market, by Country, 2017-2022 (USD Million)
Table 185 Middle East & Africa: Market, by Country, 2023-2028 (USD Million)
11.5.4 Ksa
11.5.4.1 Increased Investment and Modernization of Security Systems
Table 186 Ksa: Managed Detection and Response Market, by Security Type, 2017-2022 (USD Million)
Table 187 Ksa: Market, by Security Type, 2023-2028 (USD Million)
Table 188 Ksa: Market, by Deployment Mode, 2017-2022 (USD Million)
Table 189 Ksa: Market, by Deployment Mode, 2023-2028 (USD Million)
Table 190 Ksa: Market, by Organization Size, 2017-2022 (USD Million)
Table 191 Ksa: Market, by Organization Size, 2023-2028 (USD Million)
Table 192 Ksa: Market, by Vertical, 2017-2022 (USD Million)
Table 193 Ksa: Market, by Vertical, 2023-2028 (USD Million)
11.5.5 UAE
11.5.5.1 Digitalization and Modernization to Lead to Growth of Mdr Services
Table 194 UAE: Managed Detection and Response Market, by Security Type, 2017-2022 (USD Million)
Table 195 UAE: Market, by Security Type, 2023-2028 (USD Million)
Table 196 UAE: Market, by Deployment Mode, 2017-2022 (USD Million)
Table 197 UAE: Market, by Deployment Mode, 2023-2028 (USD Million)
Table 198 UAE: Market, by Organization Size, 2017-2022 (USD Million)
Table 199 UAE: Market, by Organization Size, 2023-2028 (USD Million)
Table 200 UAE: Market, by Vertical, 2017-2022 (USD Million)
Table 201 UAE: Market, by Vertical, 2023-2028 (USD Million)
11.5.6 South Africa
11.5.6.1 Weak Networks and Lack of Robust Cybersecurity Policies
Table 202 South Africa: Managed Detection and Response Market, by Security Type, 2017-2022 (USD Million)
Table 203 South Africa: Market, by Security Type, 2023-2028 (USD Million)
Table 204 South Africa: Market, by Deployment Mode, 2017-2022 (USD Million)
Table 205 South Africa: Market, by Deployment Mode, 2023-2028 (USD Million)
Table 206 South Africa: Market, by Organization Size, 2017-2022 (USD Million)
Table 207 South Africa: Market, by Organization Size, 2023-2028 (USD Million)
Table 208 South Africa: Market, by Vertical, 2017-2022 (USD Million)
Table 209 South Africa: Market, by Vertical, 2023-2028 (USD Million)
11.5.7 Rest of Middle East & Africa
Table 210 Rest of Middle East & Africa: Managed Detection and Response Market, by Security Type, 2017-2022 (USD Million)
Table 211 Rest of Middle East & Africa: Market, by Security Type, 2023-2028 (USD Million)
Table 212 Rest of Middle East & Africa: Market, by Deployment Mode, 2017-2022 (USD Million)
Table 213 Rest of Middle East & Africa: Market, by Deployment Mode, 2023-2028 (USD Million)
Table 214 Rest of Middle East & Africa: Market, by Organization Size, 2017-2022 (USD Million)
Table 215 Rest of Middle East & Africa: Market, by Organization Size, 2023-2028 (USD Million)
Table 216 Rest of Middle East & Africa: Market, by Vertical, 2017-2022 (USD Million)
Table 217 Rest of Middle East & Africa: Market, by Vertical, 2023-2028 (USD Million)
11.6 Latin America
11.6.1 Latin America: Market Drivers
11.6.2 Latin America: Recession Impact
11.6.3 Latin America: Regulatory Landscape
Table 218 Latin America: Managed Detection and Response Market, by Security Type, 2017-2022 (USD Million)
Table 219 Latin America: Market, by Security Type, 2023-2028 (USD Million)
Table 220 Latin America: Market, by Deployment Mode, 2017-2022 (USD Million)
Table 221 Latin America: Market, by Deployment Mode, 2023-2028 (USD Million)
Table 222 Latin America: Market, by Organization Size, 2017-2022 (USD Million)
Table 223 Latin America: Market, by Organization Size, 2023-2028 (USD Million)
Table 224 Latin America: Market, by Vertical, 2017-2022 (USD Million)
Table 225 Latin America: Market, by Vertical, 2023-2028 (USD Million)
Table 226 Latin America: Market, by Country, 2017-2022 (USD Million)
Table 227 Latin America: Market, by Country, 2023-2028 (USD Million)
11.6.4 Brazil
11.6.4.1 Early Adopter of Technology and Hotspot for Cybercrime
Table 228 Brazil: Managed Detection and Response Market, by Security Type, 2017-2022 (USD Million)
Table 229 Brazil: Market, by Security Type, 2023-2028 (USD Million)
Table 230 Brazil: Market, by Deployment Mode, 2017-2022 (USD Million)
Table 231 Brazil: Market, by Deployment Mode, 2023-2028 (USD Million)
Table 232 Brazil: Market, by Organization Size, 2017-2022 (USD Million)
Table 233 Brazil: Market, by Organization Size, 2023-2028 (USD Million)
Table 234 Brazil: Market, by Vertical, 2017-2022 (USD Million)
Table 235 Brazil: Market, by Vertical, 2023-2028 (USD Million)
11.6.5 Mexico
11.6.5.1 Rise in Digitization and Increased Internet Penetration to Boost Market
Table 236 Mexico: Managed Detection and Response Market, by Security Type, 2017-2022 (USD Million)
Table 237 Mexico: Market, by Security Type, 2023-2028 (USD Million)
Table 238 Mexico: Market, by Deployment Mode, 2017-2022 (USD Million)
Table 239 Mexico: Market, by Deployment Mode, 2023-2028 (USD Million)
Table 240 Mexico: Market, by Organization Size, 2017-2022 (USD Million)
Table 241 Mexico: Market, by Organization Size, 2023-2028 (USD Million)
Table 242 Mexico: Market, by Vertical, 2017-2022 (USD Million)
Table 243 Mexico: Market, by Vertical, 2023-2028 (USD Million)
11.6.6 Rest of Latin America
Table 244 Rest of Latin America: Managed Detection and Response Market, by Security Type, 2017-2022 (USD Million)
Table 245 Rest of Latin America: Market, by Security Type, 2023-2028 (USD Million)
Table 246 Rest of Latin America: Market, by Deployment Mode, 2017-2022 (USD Million)
Table 247 Rest of Latin America: Market, by Deployment Mode, 2023-2028 (USD Million)
Table 248 Rest of Latin America: Market, by Organization Size, 2017-2022 (USD Million)
Table 249 Rest of Latin America: Market, by Organization Size, 2023-2028 (USD Million)
Table 250 Rest of Latin America: Market, by Vertical, 2017-2022 (USD Million)
Table 251 Rest of Latin America: Market, by Vertical, 2023-2028 (USD Million)

12 Competitive Landscape
12.1 Overview
12.2 Revenue Analysis of Leading Players
Figure 32 Managed Detection and Response Market: Revenue Analysis
12.3 Market Share Analysis of the Top Market Players
Table 252 Market: Degree of Competition
12.4 Historical Revenue Analysis
Figure 33 Historical Five-Year Segmental Revenue Analysis of Key Public Sector-Managed Detection and Response Providers
12.5 Ranking of Key Players
Figure 34 Key Players Ranking
12.6 Evaluation Matrix for Key Players
12.6.1 Definitions and Methodology
Figure 35 Evaluation Quadrant for Key Players: Criteria Weightage
Figure 36 Evaluation Matrix for Key Players, 2023
12.6.2 Stars
12.6.3 Emerging Leaders
12.6.4 Pervasive Players
12.6.5 Participants
12.7 Competitive Benchmarking
12.7.1 Key Company Evaluation Criteria
Table 253 Key Company Service Footprint
Table 254 Key Company Industry Footprint
Table 255 Key Company Region Footprint
Table 256 Key Company Overall Footprint
12.7.2 Sme/Startup Company Evaluation Criteria
Table 257 Detailed List of Sme/Startup
Table 258 Sme/Startup Company Service Footprint
Table 259 Sme/Startup Company Industry Footprint
Table 260 Sme/Startup Company Region Footprint
12.8 Sme/Startup Company Evaluation Quadrant
12.8.1 Definitions and Methodology
Figure 37 Evaluation Quadrant for Sme/Startup: Criteria Weightage
Figure 38 Evaluation Matrix for Sme/Startup, 2023
12.8.2 Progressive Companies
12.8.3 Responsive Companies
12.8.4 Dynamic Companies
12.8.5 Starting Blocks
12.9 Competitive Scenario and Trends
12.9.1 Product Launches and Product Enhancements
Table 261 Market: Product/Solution Launches, 2020-2023
12.9.2 Deals
Table 262 Managed Detection and Response Market: Deals, 2020-2023

13 Company Profiles
13.1 Key Players
(Business Overview, Products/Solutions/Services Offered, Recent Developments, Analyst's View, Key Strengths, Strategic Choices, and Weaknesses and Competitive Threats)*
13.1.1 Crowdstrike
Table 263 Crowdstrike: Business Overview
Figure 39 Crowdstrike: Company Snapshot
Table 264 Crowdstrike: Products/Solutions/Services Offered
Table 265 Crowdstrike: Product Launches
Table 266 Crowdstrike: Deals
13.1.2 Rapid7
Table 267 Rapid7: Business Overview
Figure 40 Rapid7: Company Snapshot
Table 268 Rapid7: Products/Solutions/Services Offered
Table 269 Rapid7: Product Launches
Table 270 Rapid7: Deals
13.1.3 Red Canary
Table 271 Red Canary: Business Overview
Table 272 Red Canary: Products/Solutions/Services Offered
Table 273 Red Canary: Product Launches
Table 274 Red Canary: Deals
13.1.4 Arctic Wolf
Table 275 Arctic Wolf: Business Overview
Table 276 Arctic Wolf: Products/Solutions/Services Offered
Table 277 Arctic Wolf: Product Launches
Table 278 Arctic Wolf: Deals
13.1.5 Kudelski Security
Table 279 Kudelski Security: Business Overview
Table 280 Kudelski Security: Products/Solutions/Services Offered
Table 281 Kudelski Security: Product Launches
Table 282 Kudelski Security: Deals
13.1.6 Sentinelone
Table 283 Sentinelone: Business Overview
Figure 41 Sentinelone: Company Snapshot
Table 284 Sentinelone: Products/Solutions/Services Offered
Table 285 Sentinelone: Deals
13.1.7 Proficio
Table 286 Proficio: Business Overview
Table 287 Proficio: Products/Solutions/Services Offered
Table 288 Proficio: Product Launches
Table 289 Proficio: Deals
13.1.8 Expel
Table 290 Expel: Business Overview
Table 291 Expel: Products/Solutions/Services Offered
Table 292 Expel: Product Launches
13.1.9 Secureworks
Table 293 Secureworks: Business Overview
Figure 42 Secureworks: Company Snapshot
Table 294 Secureworks: Products/Solutions/Services Offered
Table 295 Secureworks: Product Launches
Table 296 Secureworks: Deals
13.1.10 Alert Logic
Table 297 Alert Logic: Business Overview
Table 298 Alert Logic: Products/Solutions/Services Offered
Table 299 Alert Logic: Product Launches
Table 300 Alert Logic: Deals
13.2 Other Players
13.2.1 Trustwave
13.2.2 Mandiant
13.2.3 Binary Defense
13.2.4 Sophos
13.2.5 Esentire
13.2.6 Deepwatch
13.2.7 Netsurion
13.2.8 Gosecure
13.2.9 Lmntrix
13.2.10 Underdefense
13.2.11 Ackcent
13.2.12 Cybereason
13.2.13 Critical Start
13.2.14 Cysiv
13.2.15 Critical Insight
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, Analyst's View, Key Strengths, Strategic Choices, and Weaknesses and Competitive Threats Might Not be Captured in Case of Unlisted Companies.

14 Adjacent Markets
14.1 Introduction
Table 301 Adjacent Markets and Forecasts
14.2 Limitations
14.3 Managed Detection and Response Ecosystem and Adjacent Markets
14.4 Managed Security Services Market
14.4.1 Adjacent Market: Managed Security Services, by Organization Size
Table 302 Managed Security Services Market, by Organization Size, 2016-2021 (USD Million)
Table 303 Managed Security Services Market, by Organization Size, 2022-2027 (USD Million)
Table 304 Small and Medium-Sized Enterprises: Managed Security Services Market, by Region, 2016-2021 (USD Million)
Table 305 Small and Medium-Sized Enterprises: Managed Security Services Market, by Region, 2022-2027 (USD Million)
Table 306 Large Enterprises: Managed Security Services Market, by Region, 2016-2021 (USD Million)
Table 307 Large Enterprises: Managed Security Services Market, by Region, 2022-2027 (USD Million)
14.5 Cybersecurity Market
14.5.1 Adjacent Market: Cybersecurity Market, by Organization Size
Table 308 Cybersecurity Market, by Organization Size, 2016-2021 (USD Million)
Table 309 Cybersecurity Market, by Organization Size, 2022-2027 (USD Million)
Table 310 Small and Medium-Sized Enterprises: Cybersecurity Market, by Region, 2016-2021 (USD Thmillion)
Table 311 Small and Medium-Sized Enterprises: Cybersecurity Market, by Region, 2022-2027 (USD Million)
Table 312 Large Enterprises: Cybersecurity Market, by Region, 2016-2021 (USD Million)
Table 313 Large Enterprises: Cybersecurity Market, by Region, 2022-2027 (USD Million)

15 Appendix
15.1 Discussion Guide
15.2 Knowledgestore: The Subscription Portal
15.3 Customizations Available

Executive Summary

Companies Mentioned

  • Ackcent
  • Alert Logic
  • Arctic Wolf
  • Binary Defense
  • Critical Insight
  • Critical Start
  • Crowdstrike
  • Cybereason
  • Cysiv
  • Deepwatch
  • Esentire
  • Expel
  • Gosecure
  • Kudelski Security
  • Lmntrix
  • Mandiant
  • Netsurion
  • Proficio
  • Rapid7
  • Red Canary
  • Secureworks
  • Sentinelone
  • Sophos
  • Trustwave
  • Underdefense

Methodology

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Table Information

Report AttributeDetails
No. of Pages270
PublishedMay 2023
Forecast Period2023 - 2028
Estimated Market Value ( USD ) in 2023 $ 3.3 Billion
Forecasted Market Value ( USD ) by 2028 $ 9.5 Billion
Compound Annual Growth Rate23.3%
Regions CoveredGlobal
No. of Companies Mentioned25

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About the Managed Detection and Response Market

The Managed Detection and Response (MDR) market is a subset of the IT security industry that focuses on the detection and response to cyber threats. It is a service-based approach to security that provides organizations with the ability to detect, investigate, and respond to threats in real-time. MDR services are typically provided by a third-party vendor and include a combination of technology, processes, and expertise to detect and respond to threats. The services are designed to provide organizations with the ability to detect and respond to threats quickly and effectively, while also providing visibility into the security posture of the organization. Some of the companies in the MDR market include CrowdStrike, FireEye, IBM Security, Microsoft, Rapid7, and Symantec. Show Less Read more

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