The global incident response market size reached USD 23.45 billion in 2021 and is expected to register a revenue CAGR of 20.9% during the forecast period, according to latest analysis by Emergen Research. Market revenue growth is attributed to rising incidences of security breaches globally. Incident responses are essential in identifying and dealing with problems related to cyber security such as data leaks as it helps in handling cyber-attacks by minimizing loss and reducing recovery time and expenses. Also, with the assistance of an incident response team, firms build strategic ways for performing preventative incident management actions and strengthening their present error detection process. As a result, every company is deploying an incident response framework to respond quickly and effectively to various security breaches. The increasing use of modern and advanced technologies in various businesses is resulting in increased security breaches, which is driving market revenue growth.
The Incident Response market report focuses on the economic developments and consumer spending trends across different countries for the forecast period 2022 to 2030. The research further reveals which countries and regions will have a better standing in the years to come. Apart from this, the study talks about the growth rate, market share as well as the recent developments in the Incident Response industry worldwide. Besides, the special mention of major market players adds importance to the overall market study.
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Some Key Highlights in the Report
On 29 March 2021, Zscaler Inc. and CrowdStrike Holdings Inc. launched an end-to-end security protection application. The zero-trust security from devices is expected to provide organizations with dynamic data and identity-centric security protection through new
Cloud security segment is expected to register the fastest revenue CAGR during the forecast period owing to the surge in adoption of cloud-based solutions among various sectors such as BFSI, healthcare, retail & e-commerce, and others. Rising government initiatives to support cloud-based security service providers by encrypting operating systems, social media, and various online payment applications are also contributing to the growth of the segment. Moreover, cloud-based security attacks are also rising exponentially owing to the usage of traditional IT infrastructures, therefore making it easier for hackers to leak data and manipulate it. Hence, to address such challenges cloud-based security solution providers have come up with sophisticated security solutions to cater to the safety of cloud environments thereby driving revenue growth of the segment.
Cloud segment accounted for the largest revenue share in 2021. The rising demand for cloud-based services for many workloads, including data backups, Enterprise Resource Planning (ERP), Customer Relationship Management (CRM), email services, and collaboration services, is expected to drive revenue growth of the segment over the forecast period. Cloud security management is a smart solution for managing cyberattacks in a cloud setting. Furthermore, cloud computing increases technological limitations making it simple for unauthorized individuals to gain access. Hence, many businesses are implementing cybersecurity methods to secure their cloud workloads from cyber threats and attacks.
The subject matter experts conducting the study offer a deep understanding of how prominent leaders have managed to navigate the potential buyers and competitive dynamics influencing their brand positioning in the industry The Incident Response market analysis provides everything a business owner needs in order to succeed.
Major Players/Manufacturers profiled in the report are:
Broadcom Inc., McAfee LLC, Palo Alto Networks, International Business Machines Corporation (IBM), Cisco Systems, Inc., Check Point Software Technologies, Ltd., BAE Systems Inc., NTT, Inc., RiskIQ, AT&T Cybersecurity, and Kaspersky Lab.
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For better understanding, the report further divides the market into key segments such as product types and application spectrum. The report also offers estimates about the segment and sub-segment expected to grow at a rapid pace and the key factors expected to drive revenue growth of the segments during the forecast timeline of 2022-2030.
Emergen Research has segmented the global incident response market based on component, security type, deployment mode, organization size, application, and region:
Component Outlook (Revenue, USD Billion; 2019-2030)
Solutions
Services
Retainer
Assessment and Response
Tabletop Exercises
Incident Response Planning and development
Advanced Threat Hunting
Others
Security Type Outlook (Revenue, USD Billion; 2019-2030)
Web Security
Application Security
Endpoint Security
Network Security
Cloud Security
Deployment Mode Outlook (Revenue, USD Billion; 2019-2030)
Cloud
On-Premises
Organization Size Outlook (Revenue, USD Billion; 2019-2030)
Small and Medium-Sized Enterprises
Large Enterprises
Application Outlook (Revenue, USD Billion; 2019-2030)
BFSI
Government
Healthcare & Life Sciences
Retail & e-commerce
Travel & Hospitality
IT & Communication
Others
Regional Segmentation;
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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The report offers insightful information about the market dynamics of the Incident Response market. It offers SWOT analysis, PESTEL analysis, and Porter’s Five Forces analysis to present a better understanding of the Incident Response market, competitive landscape, factors affecting it, and to predict the growth of the industry. It also offers the impact of various market factors along with the effects of the regulatory framework on the growth of the Incident Response market.
Key Benefits of the Report:
Comprehensive analysis of the competitive scenario and its changing dynamics
Analytical data with detailed SWOT analysis and Porter’s Five Forces analysis
In-depth 8 year analysis of the Global Incident Response Market
Critical assessment of the key market segments
Comprehensive analysis of the drivers, restraints, trends, and opportunities
Detailed regional analysis and extensive company profiling
Extensive assessment of current and emerging trends of the market
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About Emergen Research
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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