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Incident Response Services Market Worth 30.29 Billion USD by 2021


News provided by

MarketsandMarkets

26 Jan, 2017, 15:00 GMT

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PUNE, India, January 26, 2017 /PRNewswire/ --

According to a new market research report "Incident Response Services Market by Component, Security Type (Web, Application, Cloud, Database, Endpoint, Network), Organization Size, Deployment Mode, Vertical (ITES, BFSI, Government, Retail, Manufacturing), and Region - Global Forecast to 2021", published by MarketsandMarkets, the market size is estimated to grow from USD 13.09 Billion in 2016 to USD 30.29 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 18.3%.

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Browse 72 Market Data Tables and 61 Figures spread through 153 Pages and in-depth TOC on "Incident Response Services Market"

http://www.marketsandmarkets.com/Market-Reports/incident-response-service-market-117572423.html
Early buyers will receive 10% customization on this report.

The major forces driving this market are rise in the security breaches targeting enterprises, increasing sophistication of cyber-attacks, and improved returns on investments. The growing market for Bring Your Own Device (BYOD) and other devices and the rise in demand of next-generation security solutions are contributing to the growth of the Incident Response Services Market.

Incident record management and forensics solution segment is expected to grow at the highest CAGR in the Incident Response Services Market during the forecast period 

The adoption of the incident record management and forensics solution segment is expected to grow at the highest CAGR during the forecast period, as it involves various crucial steps such as reporting of the incident, collecting of evidence, and conversations with the users, system owners, and others to detect the method of attack. In the forensic readiness approach, this incident preparedness includes actions, both technical and nontechnical, which maximize an organization's ability to use the digital evidence. The solution offers in-depth analysis of the incident, so as to avoid similar issues in the future. This helps it to gain prominence in the Incident Response Services Market offerings.

Consulting and advisory services segment is expected to hold the largest market share in the Incident Response Services Market and the current trend is expected to continue during the forecast period 

The consulting and advisory services segment is essential for the Incident Response Services Market and helps organizations in finding the right solution for their network infrastructure. Consultants include highly qualified industry experts, domain experts, and security professionals. Consulting service providers guide companies in setting up new cyber security infrastructure to address their specific security requirements in a way feasible for them.

North America is expected to have the largest market share 

North America is expected to hold the largest market share and would dominate the incident response services from 2016 to 2021, owing to the maximum number of IT companies, multinational large-scale enterprises, along with a number of small-scale enterprises that are target for cyber-attacks. The U.S. holds the majority of the market share in terms of adoption as well as revenue generation in North America, owing to the stringent government regulations.

Asia-Pacific to grow with the highest CAGR 

The Asia-Pacific (APAC) region is expected to witness the highest growth rate during the forecast period, as a result of the existence of unethical hackers, changing lifestyle, and increasing dependency on IT-enabled services. The countries in the region are adopting several stringent laws to curb cyber security and bring about augmented incident response systems such as implementation of strict cybersecurity regulations by the Chinese government.

Inquiry before Buying @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=117572423

The major vendors in the Incident Response Services Market include IBM Corporation (New York, U.S.), Cisco Systems, Inc. (California, U.S.), Intel Corporation (California, U.S.), Symantec Corporation (California, U.S.), Dell Inc. (Texas, U.S.), BAE Systems (London, U.K.), Check Point Software Technologies Ltd (California, U.S.), FireEye Inc. (California, U.S.), Honeywell International, Inc. (New Jersey, U.S.), Verizon Communication Inc. (New York, U.S.), and Rapid7 Inc. (Massachusetts, U.S.).

Browse Related Reports
Cyber Security Market by Solutions (IAM, Encryption, DLP, UTM, Antivirus/Antimalware, Firewall, IDS/IPS, Disaster Recovery), Services, Security Type, Deployment Mode, Organization Size, Vertical & Region - Global Forecast to 2021
http://www.marketsandmarkets.com/Market-Reports/cyber-security-market-505.html

Security Analytics Market by Application (Network Security Analytics, Application Security Analytics, Web Security Analytics, Endpoint Security Analytics), Services, Deployment Mode, Organization Size, Vertical, Region - Global Forecast to 2021
http://www.marketsandmarkets.com/Market-Reports/security-analytics-market-1026.html

Know More About our Knowledge Store @ http://www.marketsandmarkets.com/Knowledgestore.asp

About MarketsandMarkets

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.


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