Press Releases

Managed Detection and Response (MDR) is a security solution that monitors an organization's IT environment to detect and respond to cyber-attacks proactively. The global MDR market has been growing rapidly at a CAGR of 16.5% during the forecast period owing to the increasing frequency and complexity of cyber threats and the growing awareness of the importance of robust cybersecurity measures. Managed detection and response (MDR) is a fully integrated security platform that collects and monitors endpoint data in real-time. It may respond and analyze automatically depending on predetermined guidelines. The primary functions of MDR are to collect and monitor endpoint data that may signal potential danger and to analyze the data to discover patterns of prospective risks. Also, it can respond automatically to the risks and remove them along with notifying security experts.

MDR solutions and services are increasingly adopted in every business owing to the mounting implementation of remote work culture, which has increased web and cloud traffic. The epidemic has brought security professionals' attention back to the use of numerous cloud-delivered security technologies that do not require a LAN connection to function, as well as the necessity of moving to cloud data centers and utilizing SaaS applications. In order to access rules and manage risks across cloud and corporate networks, enterprises are turning to XDR solutions.

CrowdStrike Falcon Complete XDR, a brand-new service that fits under Managed eXtended Detection and Response (MXDR), was introduced in April 2023, by CrowdStrike. This offering expands the capabilities of their leading MDR service, which includes round-the-clock expert management, threat hunting, monitoring, and comprehensive remediation, covering all major attack surfaces. By doing so, CrowdStrike aims to address the cybersecurity skills gap. Powered by the CrowdStrike Falcon platform, Falcon Complete XDR combines human expertise with AI-driven automation and threat intelligence, bridging security and IT domains to operationalize XDR for organizations at any level of security maturity.

Bowse 73 market data Tables and 45 Figures spread through 230 Pages and in-depth TOC on "Managed Detection and Response Market by Security Type (Network Security, Endpoint Security, Cloud Security, Application Security, and Others), by Deployment (Cloud and On-Premise), by Organisation Size (SMEs and Large Enterprises), by Service (Threat Detection, Threat Monitoring, and Incident Response/ Termination), by Application (BFSI, Education and Training, Aerospace and Defense, Automotive, Manufacturing, Healthcare, Government, Retail, IT & ITes, and Others), and Region - Global Forecast to 2030

By Organisation Size, the SME will witness a fast CAGR during the forecast period.

The Global MDR Market is divided into two segments based on organization size: SMEs and Large Enterprises. MDR services are being adopted by SMEs as they can secure business operations from sophisticated threats. Because of the rising frequency of cyberattacks and the inadequacy of traditional security services to prevent such attacks, the MDR market for SMEs is predicted to expand at a faster CAGR.

Global MDR Market Segmentation Analysis

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“Asia-Pacific is expected to witness high CAGR during the forecast period in the Global MDR Industry.”

Asia-Pacific is expected to have a high CAGR during the forecast period owing to increased expenditure on security because of cyber-attacks. The established SMEs in the region have a traditional security mechanism and there is a need to protect against advanced and sophisticated threats, thereby driving the market size for the MDR industry.

Some of the major players in the global MDR industry include CrowdStrike, Arctic Wolf Networks Inc., Rapid7, Red Canary, Kudelski Security, SentinelOne, Secureworks, Inc., Mandiant, Sophos Ltd., and eSentire, Inc.

Scope of the Report

Global MDR Market Coverage

Security Type Insight and Forecast 2018-2030

• Network Security
• Endpoint Security
• Cloud Security
• Application Security
• Others

Deployment Insight and Forecast 2018-2030

• Cloud
• On-Premise

Organisation Size Insight and Forecast 2018-2030

• SMEs
• Large Enterprises

Service Insight and Forecast 2018-2030

• Threat Detection
• Threat Monitoring
• Incident Response/ Termination

Application Insight and Forecast 2018-2030

• Banking, Financial Service and Insurance (BFSI)
• Education and Training
• Aerospace and Defense
• Automotive
• Manufacturing
• Healthcare
• Government
• Retail
• IT & ITes
• Others

Geographical Segmentation

MDR Market by Region

North America

• By Security Type
• By Deployment
• By Organisation Size
• By Service
• By Application
• By Country – U.S., Canada, and Mexico

Europe

• By Security Type
• By Deployment
• By Organisation Size
• By Service
• By Application
• By Country – Germany, U.K., France, Italy, Spain, Russia, and Rest of Europe

Asia-Pacific (APAC)

• By Security Type
• By Deployment
• By Organisation Size
• By Service
• By Application
• By Country – China, Japan, India, South Korea, and Rest of Asia-Pacific

Rest of the World (RoW)

• By Security Type
• By Deployment
• By Organisation Size
• By Service
• By Application
• By Country – Brazil, Saudi Arabia, South Africa, U.A.E., and Other Countries