The Incident Response (IR) market refers to the software, hardware, and services used to detect, investigate, and respond to cybersecurity incidents. The Incident Response process involves a coordinated effort by various teams, such as security operations centers, incident response teams, and threat intelligence teams, to minimize the impact of cyber incidents.
The strategy an organisation employs to address and manage a cyberattack is known as incident response. An assault or data breach can cause turmoil and possibly have an impact on brand value, consumers, and intellectual property company time and resources. The goal of an incident response is to minimise this harm and recover as soon as possible.
To learn from the attack and improve future preparation, investigation is also an essential part of the process. A well-crafted and effective incident response strategy is the greatest approach to defend a firm today, as many encounter breaches at some point.
The growth of the market is primarily driven by the increasing frequency and complexity of cyber threats, the adoption of IoT and cloud-based services, and the increasing need for compliance with data protection regulations.
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North America is expected to hold the largest share of the incident response market, followed by Europe and Asia Pacific. The increasing adoption of incident response solutions by small and medium-sized businesses (SMBs) is also expected to drive the growth of the incident response market in the coming years. The major players in the incident response market include IBM, Cisco, FireEye, Dell, and Symantec.
Demand is increasing for Cloud-Based Security Solution
Increasing the use of cloud-based services for multiple workloads, such as data backups, ERP, CRM, email services, and collaboration services, is anticipated to drive the market growth in the forecast period of the global incident response market.
Moreover, cloud computing raises technology vulnerabilities and makes it easy for unauthorized users to access. As a result, several companies are moving towards cybersecurity strategies to protect their cloud workloads from cyber threat and risks.
Incident Response Market: – Key Players
Key players in the incident response market are focusing on new product launches and product enhancements with the technology vendors to offer open source and pirated security solutions for sustained business growth.
The major players offering Incident Response solutions include –
- IBM
- Cisco
- Symantec
- Check Point
- Fireeye
- Bae Systems
- Rapid7
- Dell
- Accenture
- Verizon
- Crowdstrike
- Mcafee
- Optiv
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Incident Response Market: – Segmentation
By Security Type, Incident Response Market is segmented into-
- Application Security
- Endpoint Security
- Network Security
- Cloud Security
By Vertical, Incident Response Market is segmented into-
- BFSI
- Government
- Healthcare and Life Sciences
- Retail and Ecommerce
- Travel and Hospitality
- Manufacturing
- Telecom and IT
- Others
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