Market Overview

Global Incident Response Market 2018-2023


Global Incident Response Market 2018-2023

PR Newswire

DUBLIN, July 23, 2018 /PRNewswire/ --

The "Incident Response Market by Component (Solution and Services), Service (Retainer, Assessment and Response, and Planning and Development), Security Type, Organization Size, Deployment Mode, Vertical and Region - Global Forecast to 2023" report has been added to's offering.

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The global incident response market size to grow from USD 13.38 billion in 2018 to USD 33.76 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 20.3% during the forecast period.

Stringent government regulations and compliances requirements, rise in the sophistication level of cyber-attacks, and heavy financial losses post incident occurrence have led enterprises to adopt incident response solutions and services to detect and respond to advanced cyber threats and data breaches. Moreover, the Small and Medium-size enterprises (SMEs) are gaining a high traction in the market, as they are more targeted by cyber-attacks and data breaches.

With the adoption of incident response solutions, organizations can effectively maintain and secure their critical information from data breaches and respond to an incident more efficiently. incident response solutions help organizations optimize employees' productivity, protect sensitive data, applications, and comply with stringent regulations.

Incident response services include various service types, such as incident response retainer, assessment and response, tabletop exercises, incident response planning and development, and advanced threat hunting. The assessment and response services type is expected to dominate the incident response market and is estimated to have the largest market size in 2018. The incident response retainer is expected to play a key role in changing the marketspace and to grow at the highest CAGR during the forecast period, as these services help organizations to maintain access to the critical capabilities needed to effectively respond to various security incidents.

The Banking, Financial Services, and Insurance (BFSI) is the fastest growing vertical in the global incident response market, as the vertical has to meet stringent legal and regulatory compliances associated with information security. SMEs continue to deploy incident response solutions, as they are facing security concerns and cyber-attacks, such as Denial of Services (DoS) attacks; virus, worm, and Trojan horse infections; illegal inside activities; cyberespionage; and compromise of sensitive information of an agency.

North America is estimated to hold the largest market size in 2018. The increasing need for organizations to reduce the misuse of the internet and enhance their employees' productivity, and addressing the incidents of attacks on enterprises' IT infrastructures are expected to drive the incident response market. Furthermore, rapid economic growth in the major countries, along with regulatory reforms and economic stability, is expected to drive the market in Asia Pacific (APAC). In the Middle East and Africa (MEA) region, enterprises in a range of verticals, such as BFSI, government, and manufacturing, are expected to increase their investments in incident response solutions and services.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Market Opportunities in the Market
4.2 Global Market By Component
4.3 Global Market Share of Top 3 Services and Regions
4.4 Incident Response Market Share, By Security Type, 2018
4.5 Market Investment Scenario

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers Stringent Government Regulations and Compliance Requirements Rise in the Sophistication Level of Cyber-Attacks Heavy Financial Losses Post Incident Occurrence
5.2.2 Restraints Financial Constraints and High Innovation Costs
5.2.3 Opportunities Growing Byod Trend Among Organizations
5.2.4 Challenges Lack of Competent Security Professionals to Handle Challenging Security Incidents Availability of Open Source and Pirated Security Solutions
5.3 Regulatory Implications
5.3.1 Payment Card Industry Data Security Standard (PCI DSS)
5.3.2 Health Insurance Portability and Accountability Act (HIPAA)
5.3.3 Gramm-Leach-Bliley Act (GLBA)
5.3.4 Sarbanes-Oxley Act (SOX)
5.3.5 General Data Protection Regulation (GDPR)

6 Incident Response Market, By Component
6.1 Introduction
6.2 Solution
6.3 Services

7 Market By Service
7.1 Introduction
7.2 Retainer
7.3 Assessment and Response
7.4 Tabletop Exercises
7.5 Planning and Development
7.6 Advanced Threat Hunting
7.7 Others

8 Incident Response Market, By Security Type
8.1 Introduction
8.2 Web Security
8.3 Application Security
8.4 Endpoint Security
8.5 Network Security
8.6 Cloud Security

9 Market By Deployment Mode
9.1 Introduction
9.2 Cloud
9.3 On-Premises

10 Market By Organization Size
10.1 Introduction
10.2 Small and Medium-Sized Enterprises
10.3 Large Enterprises

11 Incident Response Market, By Vertical
11.1 Introduction
11.2 Banking, Financial Services, and Insurance
11.3 Government
11.4 Healthcare and Life Sciences
11.5 Retail and Ecommerce
11.6 Travel and Hospitality
11.7 Manufacturing
11.8 Telecom and IT
11.9 Others

12 Incident Response Market, By Region

13 Competitive Landscape
13.1 Overview
13.2 Competitive Scenario
13.2.1 New Product Launches and Product Enhancements
13.2.2 Agreements and Partnerships
13.2.3 Mergers and Acquisitions
13.2.4 Business Expansions

14 Company Profiles

  • IBM
  • Cisco
  • Symantec
  • Check Point
  • Fireeye
  • Bae Systems
  • Rapid7
  • Dell
  • Accenture
  • Verizon
  • Crowdstrike
  • Mcafee
  • Optiv
  • Trustwave
  • Logrhythm
  • Carbon Black
  • Coalfire
  • Paladion Networks
  • Alienvault
  • Riskiq
  • Swimlane
  • Resolve Systems
  • Kudelski Security
  • Ntt Security
  • Kaspersky Lab

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