IMARC Group, a leading market research company, has recently releases report titled, “Incident Response Services Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The study provides a detailed analysis of the industry, including the global incident response services market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How big is the incident response services market?
The global incident response services market size reached US$ 24.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 72.7 Billion by 2028, exhibiting a growth rate (CAGR) of 20.6% during 2023-2028.
What is incident response services?
Incident response (IR) services are on-demand response activities that limit the damage caused by breaches and help identify and manage potential cyberattacks. They aid in reducing response time, minimizing the impact of the breach, and assisting the organization in recovering faster from different attacks, such as denial of service (DoS), malware outbreaks, insider threats, and network intrusions. At present, they find extensive applications in the information and technology (IT) and telecom, banking, financial services and insurance (BFSI), government, transportation, and healthcare industries across the globe.
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What are the growth prospects and trends in the incident response services industry?
Rapid digitization and the growing cyber-attacks in various industries represent one of the key factors catalyzing the demand for IR services to ensure the security of systems, networks, and applications across the globe. In line with this, the increasing deployment of IR services in healthcare organizations to enhance patient safety and safeguard critical information is propelling the growth of the market. In addition, popular e-commerce platforms are relying on IR services to protect their sensitive data about potential customers from malicious activities. Moreover, quickly responding to incidents helps organizations in minimizing losses, mitigating vulnerabilities, restoring services and processes, reducing the risk of future incidences, and enhancing operational effectiveness, which is strengthening the market growth.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Component:
Solution
Services
Breakup by Service Type:
Retainer
Assessment and Response
Tabletop Exercises
Incident Response Planning and Development
Advanced Threat Hunting
Others
Breakup by Security Type:
Web Security
Application Security
Endpoint Security
Network Security
Cloud Security
Breakup by Deployment Mode:
Cloud-based
On-premises
Breakup by Enterprise Size:
Small and Medium-sized Enterprises
Large Enterprises
Breakup by End Use Industry:
IT and Telecom
BFSI
Government
Transportation
Healthcare
Others
Breakup by Region:
North America
Asia-Pacific
Europe
Latin America
Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
Accenture plc
BAE Systems plc
Check Point Software Technologies Ltd.
Cisco Systems Inc.
CrowdStrike Holdings Inc.
Deloitte Touche Tohmatsu Limited
FireEye
Fortinet Inc.
International Business Machines Corporation
Kaspersky Lab
NEC Corporation
Optiv Security Inc.
Rapid7
Vmware Inc. (Dell Technologies Inc.).
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