IT

Incident Response Service Market is Expected to Grow at a CAGR 19.55% by 2023

The Incident Response Services Market was valued at USD 12.92 million in 2017, and is expected to reach a market value of USD 37.71 billion by 2023

Incident Response Service
Incident Response Service

“The Incident Response Service Market Research Report 2019-2023”: The report provides a unique tool for evaluating the Market, highlighting opportunities, and supporting strategic and tactical decision-making. The Incident Response Service Market recognizes that in this rapidly-evolving and competitive environment, up-to-date marketing information is essential to monitor performance and make critical decisions for growth and profitability. It provides information on trends and developments, and focuses on markets capacities and on the changing structure of the Incident Response Service.

The Incident Response Services Market was valued at USD 12.92 million in 2017, and is expected to reach a market value of USD 37.71 billion by 2023, registering a CAGR of 19.55%, during the forecast period of 2018-2023.

Companies Include are: BAE SYSTEMS, CHECK POINT SOFTWARE TECHNOLOGIES LTD., CISCO SYSTEMS, INC., DELL, INC., FIREEYE, INC., IBM CORPORATION ,MCAFEE, LLC, SYMANTEC CORPORATION, AND VERIZON COMMUNICATIONS, INC., amongst others

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Scope of the Report-

The report discusses the deployment mode and various types of incident response services and solutions. Regions considered for the scope of this report are North America, Europe, Asia-Pacific, Latin America and Middle East & Africa. The study also emphasizes the effect of increasing security breaches on enterprises.The incident response services market is set to witness a significant growth rate in the near future, due to increasing concerns among enterprises regarding data loss and crashes

Key Developments in the Market

� February 2018 – CynergisTek Inc. announced the expansion of its Incident Response (IR) Services. The comprehensive suite of services is designed to help organizations meet the increasing challenges of cyberattacks with expertise, best practices, and guidance, enabling them to be fully prepared to respond to a wide range of threats.

September 2017 – Cisco has signed a MoU with ST Electronics to provide cyber security services to Singapore government agencies and enterprises. It is an effort to improve real-time threat detection and incident response capabilities in the complex and digital landscape of Singapore

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Key Market Trends-

Increasing Incidences of Security Breaches are driving the Market

The incident response services market is gaining prominence due to increasing instances of security breaches on enterprises. Organizations technical infrastructure can be attacked easily with the increasing sophistication in the pattern of cyber-attacks, causing adverse effect. 2016 will be remembered for some famous data and security breaches. One of them was related to Yahoo, in which, the company discovered a breach from 2013 that affected 1 billion user accounts. The third-party data breach stole data related to user account information, including names, email addresses, , and birthdays. Such an exposure, of personal information, can be catastrophic at organizational and personal levels.

Information Technology Leads the Market

IT service providers rely on databases to provide solutions to consumers. A cyberattack on these organizations can be drastic for businesses. In recent years, the IT sector has encouraged the trend of work from home, enterprise mobility, and BYOD (bring your own devices). The risk of data breach and cyberattack is always high for personal devices. As there is lack of testing solutions for BYOD and other mobile devices, it makes them more vulnerable to external networks, thus, creating a need for incident response services.

North America may Emerge as a Market Leader

The North American region is expected to dominate the incident response services market, due to the presence of major players. In recent years, US-based companies were subjected to data breaches and cyberattacks. In 2016, the website adultfriendfinder.com reported the exposure of its 412 million accounts online. Also, stringent regulations related to cyber security in the United States have resulted in the high adoption of incident response services in the enterprises, thus, driving the incident response services market.

The report has 150 tables and figures browse the report description and TOC:

https://www.marketinsightsreports.com/reports/01241063621/global-incident-response-service-market-growth-trend-and-forecasts-2018-2023?source=markettrendsnews&mode=amt              

What are the market factors that are explained in the report?

-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

-Analytical Tools: The Global Incident Response Service Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.

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