Managed Detection and Response (MDR) Market Share, Size, Trends, Industry Analysis Report, By Deployment (Cloud, On-premises); By Security; By Organization Size; By Industry Vertical; By Region; Segment Forecast, 2022 - 2030
- Published Date:Sep-2022
- Pages: 101
- Format: PDF
- Report ID: PM2613
- Base Year: 2021
- Historical Data: 2018-2020
Report Summary
The global managed detection and response (MDR) market was valued at USD 2.46 billion in 2021 and is expected to grow at a CAGR 15.9% during the forecast period. The managed detection and response (MDR) is an enhanced managed service that offers services such as security monitoring, incident response and analysis, threat intelligence, and others. Moreover, the managed detection and response offer security services such as end-point security, network security, and cloud security.
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The managed detection and response is an inclusive security solution that provides real-time collection and monitoring of end-point data with rules-based automated response and analysis abilities. Its main functions include collecting and monitoring end-point data that could signify a threat, as well as analyzing data to discover threat patterns.
In addition, it automatically responds to dangers, removing or containing them and alerting security professionals. It is also used as a forensics and analytical tool to investigate risks and monitor suspicious activities. In addition, advanced investigative capabilities of MDR solutions can use artificial intelligence and machine learning to automate phases in investigative processes.
Furthermore, increasing occurrence of complex cyber threats, and the rise in the number and types of end-points accessing the network, companies require more assistance from managed detection and response (MDR) solutions, which enable automated analysis and reaction.
The COVID-19 pandemic influenced the global managed detection and response (MDR) market and its opportunities. Despite the financial risk and cyber concerns during the pandemic around the globe, various organizations adopted end-point detection and response (EDR) solutions to tackle cyber risk and enhance business operations safely and securely.
Moreover, it is anticipated that post-pandemic, enterprises are expected to focus on enhancing data management, process & analyze data, and efficiency of business processes, which will boost demand for end-point detection and response in the upcoming years. Furthermore, COVID-19 has positively impacted the AI-integrated MDR solution, which is expected to provide lucrative growth opportunities for managed detection and response (MDR) market in the upcoming year.
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Industry Dynamics
Growth Drivers
The growth of the global managed detection and response (MDR) market is primarily driven by the rise of cloud-based end-point solutions. A number of businesses are shifting toward the cloud, and instances of security attacks are also increasing.
These cyber security attacks are diverse and can cause losses such as businesses and customer data. The generation of a large amount of data has increased the risks associated with data security. In addition, factors such as the digital transformation of businesses and the increase in adoption of a work-from-home environment, owing to COVID-19, in turn, increase the risk of cyberattack.
Further, vendors are constantly offering solutions based on the demands of various business sizes. However, end-users are progressively migrating toward less expensive alternative options in the industry, which has a substantial negative impact on the managed detection and response (MDR) market growth.
Furthermore, maintenance and customization expanses hinder industry growth. The efficient process of end-point solutions needs renewal fees, licensing fees, and other fees, which impose huge expenses on businesses. In addition, the lack of internal IT expertise in some industries requires training for end users to maximize the efficiency of various solutions, thus adding to the cost of ownership of the systems.
Report Segmentation
The market is primarily segmented based on security, deployment, organization size, industry vertical, and region.
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By Security |
By Deployment |
By Organization Size |
By Industry Vertical |
By Region |
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Endpoint Security segment is expected to account for a significant share
By security type, the managed detection and response (MDR) market is segmented into endpoint security, network security, and cloud security. The industry for the endpoint security segment is expected to account for a significant share.
Services in the EDR industry comprise training & consulting, integration & implementation support, and maintenance. Furthermore, EDR services are becoming an important part of various industries such as laws, BFSI, healthcare, marketing & advertising, mobile intelligence, e-commerce, manufacturing, and IT & telecommunications sectors to boost business operations.
Adoption of these EDR services offers benefits such as effective analysis and remediation from a cyberattack. Moreover, there is an increase in the adoption of consulting services among organizations to create and manage high-performing and resilient EDR services according to their specific requirements, which drives sustained and profitable growth.
Cloud segment accounted for the largest market share
By deployment type, the managed detection and response market is on-premises and cloud. This cloud is expected to be the largest market in the managed detection and response industry.
Cloud-based MDR software is an emerging delivery model for any business. Customers can access endpoint solutions via the internet using a web browser from companies that are active in the industry. Hence, owing to the use of cloud technology in businesses, many companies have also developed app-based managed detection and response, which provides lucrative growth opportunities for the industry growth.
BFSI segment accounted for the largest revenue share
By industry vertical, the managed detection and response market is categorized into BFSI, IT & Telecom, Retail, Healthcare, Government, and Others. Banking, financial services, and insurance accounted for a major share in 2021. Tough government laws and regulations and a greater need to acquire customer loyalty support the growth of this segment.
Financial institutions are investing heavily in these solutions to achieve a competitive edge over their competitors and deliver customer-centric products and services. Financial institutions are adopting endpoint solutions for safety and security purposes to improve unstructured data.
North America region will lead the global market by 2030
The North American region is expected to account for a larger share in the managed detection and response market. North America is a major region for the adoption and growth of advanced and latest technologies, including endpoint solutions. Favorable government policies, high risks associated with cyber-attacks, and advanced infrastructure capabilities, especially in developed countries such as the U.S. and Canada, are expected to provide lucrative growth opportunities for the industry.
The North American region is also influenced by the rise in mobile and web usage and greater use of the internet and social media platforms. In addition, greater adoption of cloud technologies and a rise in demand from small and medium-sized organizations boost the adoption of managed detection and response solutions in the region.
Competitive Insight
Some prominent players operating in the global market include Ackcent Cybersecurity, Alert Logic, Arctic Wolf, Binary Defense, CrowdStrike Holdings Inc., Cybereason, Cysiv Inc., eSentire Inc., Gosecure Inc., Kudelski Security, LMNTRIX, Mandiant, Netsurion, Secureworks, and UnderDefense R&D Ukraine. These major players operating in the global market are investing in R&D and technological advancements to strengthen their offerings in the market. The industry has also observed several acquisitions and partnerships for geographic expansion and wider customer base.
Recent Developments
In April 2022, Cisco released security updates for its three highly vulnerable products that are TelePresence, RoomOS and Umbrella VA that are at high risk of exploitation for creation of Denial-of-Service (DOS).
In March 2022, Crowdstrike launched a new product “Falcon” Identity Threat Protection Complete, which is the first fully managed identity threat protection solution in the industry.
Managed Detection and Response Market Report Scope
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Report Attributes |
Details |
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Market size value in 2021 |
USD 2.46 billion |
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Revenue forecast in 2030 |
USD 8.67 billion |
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CAGR |
15.9% from 2022 - 2030 |
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Base year |
2021 |
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Historical data |
2018 - 2020 |
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Forecast period |
2022 - 2030 |
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Quantitative units |
Revenue in USD billion and CAGR from 2022 to 2030 |
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Segments covered |
By Security, By Deployment, By Organization Size, By Industry Vertical, By Region |
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Regional scope |
North America, Europe, Asia Pacific, Latin America; Middle East & Africa |
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Key companies |
Ackcent Cybersecurity, Alert Logic, Arctic Wolf, Binary Defense, CrowdStrike Holdings Inc., Cybereason, Cysiv Inc., eSentire Inc., Gosecure Inc., Kudelski Security, LMNTRIX, Mandiant, Netsurion, Secureworks, and UnderDefense R&D Ukraine. |
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