Incident Response Market Size, Product Trends, Key Companies, Revenue Share Analysis 2022–2030

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Rising trend of cloud computing along with technological advancements in cybersecurity solutions are significant factors driving global incident response market revenue growth.

Rising trend of cloud computing along with technological advancements in cybersecurity solutions are significant factors driving global incident response market revenue growth.

Market Size – USD 23.45 Billion in 2021, Market Growth – at a CAGR of 20.9%, Market Trends – Rising incidences of security breaches globally

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 study on the Global incident response Market is the latest report covering the impact analysis of the currently ongoing COVID-19 pandemic. The pandemic has directly affected the market by causing disruptions in the global supply chains and indirectly by inducing financial difficulties. The incident response market has witnessed dynamic changes in trends and demands owing to the ongoing COVID-19 pandemic. The report provides a detailed outlook on how the pandemic has affected the key segments of the incident response industry. The report includes an in-depth impact analysis of the COVID-19 pandemic on the overall incident response industry.

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Furthermore, governments and security agencies, including regulatory authorities across the globe, are concerned about protecting their citizens and enterprises sensitive data from cyber-attacks. Constantly increasing cyber risks have resulted in a release of several stringent government regulations across the globe. Organizations are required to achieve obligatory security requirements or face a significant fee from the government and regulatory organizations. For example, PCI DSS explicitly defines the standards that each organization must follow during, and after an event. During the forecast period, lack of budget allocation for incident response solutions and services, particularly in emerging markets, is restraining market revenue growth.       

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.

Top competitors of the incident response Market profiled in the report include:

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, ATT Cybersecurity, and Kaspersky Lab.

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Competitive Landscape:

Furthermore, the report includes an in-depth analysis of the competitive landscape. The segment covers a comprehensive overview of the company profiles along with product profiles, production capacities, products/services, pricing analysis, profit margins, and manufacturing process developments. The report also covers strategic business measures undertaken by the companies to gain substantial market share. The report provides insightful information about recent mergers and acquisitions, product launches, collaborations, joint ventures, partnerships, agreements, and government deals.

Emergen Research has segmented the global incident response market based on component, security type, deployment mode, organization size, application:

  • Component Outlook (Revenue, USD Billion; 2019-2030)
    • Solutions
    • Services
      1. Retainer
      2. Assessment and Response
      3. Tabletop Exercises
      4. Incident Response Planning and development
      5. Advanced Threat Hunting
      6. 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

The report offers a comprehensive breakdown of the regional analysis of the market and subsequent country-wise analysis. The regional analysis of the market comprises of production volume information, consumption volume and patterns, revenue, and growth rate for the forecast period of 2022-2030. According to the regional analysis, the market is primarily spread over key geographical regions as follows:

  • 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)

Browse Detailed Research report @ https://www.emergenresearch.com/industry-report/incident-response-market

Overview of the incident response Market Report:

  • Introduction, Product Scope, Market Overview, and Opportunities
  • Analysis of the Manufacturers with sales, revenue, and price analysis
  • Comprehensive analysis of the competitive landscape
  • Extensive profiling of the key competitors along with their business strategies and market size
  • Regional analysis of the market along with sales, revenue, market share, and global position
  • Country-wise analysis of the market along with types, applications, and manufacturing
  • Strategic recommendations to established players as well as new entrants
  • In-depth analysis of the risks, restraints, and limitations in the incident response industry

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