Global Managed Detection and Response Markets Report 2022: In the Long-term, the Scarcity of Cybersecurity Professionals will Boost MDR Market Growth
Dublin, June 01, 2022 (GLOBE NEWSWIRE) -- The "Growth Opportunities in the Global Managed Detection and Response Market" report has been added to ResearchAndMarkets.com's offering.
The MDR market is currently receiving an influx of new competitors. Some are pure-play cybersecurity companies, coming from the XDR or EDR space, adding a managed component to turn the solution into a service.
MSSPs have also developed their own MDR services, looking to establish a long-lasting relationship with their customers, and deepening the threat detection and response they can provide. Furthermore, there are also professional services firms, and other security vendors jumping at the opportunity to increase their already broad portfolios with an MDR offering.
Over the past decade, security incidents have increased in frequency and sophistication. A growing number of cyberattacks are sponsored by nation-states, while the attack surface continues to expand in a time of rapid digitalization. Organizations find it increasingly difficult to keep up to date with new developments in cybersecurity and to secure their business assets efficiently relying on in-house experts.
In addition to this, performing effective threat detection and incident response requires a dedicated group of experts. The global lack of cybersecurity professionals makes it harder for organizations to acquire and retain this kind of talent. Furthermore, meaningful automation is still too underdeveloped to decrease the value of human expertise.
These factors have led to customers voicing their demands for more significant hands-on-keyboard approaches from service providers. Managed detection and response has made an impact by hitting every customer paint point in the cybersecurity industry. MDR provides a combination of security tools, controls, and human expertise to deliver proactive 24x7 monitoring of a security environment and perform detection and response.
The service delivers its functions as a Security Operations Center (SOC) and includes Incident Response capabilities, as well as extensive Threat Hunting. MDR vendors have taken advantage of XDR to provide increased visibility and greater integration, as the evolution paths for both solutions continue to converge.
In the long term, the scarcity of cybersecurity professionals will boost MDR market growth, as the issue will persist (and possibly deepen) for the rest of the forecast period. MDR currently offers a solution to the most pressing limitations and complications in the cybersecurity industry, and the publisher expects this will ensure the success of the service in the next three years.
Key Topics Covered:
1. Strategic Imperatives
Why is it Increasingly Difficult to Grow?
The Strategic Imperative
The Impact of the Top Three Strategic Imperatives on the MDR Industry
Growth Opportunities Fuel the Growth Pipeline Engine
2. Growth Opportunity Analysis
Scope of Analysis
Core Aspects of Managed Detection and Response
Overview and Evolution of MDR
MDR Market Segmentation
Key Competitors for the MDR Market
Key Growth Metrics
Growth Drivers
Growth Restraints
Forecast Assumptions
Revenue Forecast
Revenue Forecast by Vendor Type
Revenue Forecast by Region
Revenue Forecast by Industry Vertical
Revenue Forecast by Company Size
Revenue Forecast Analysis
Revenue Forecast Analysis by Region
Revenue Forecast Analysis by Industry Vertical
Revenue Forecast Analysis by Company Size
Pricing Trends and Forecast Analysis
Competitive Environment
Revenue Share
Revenue Share Analysis
3. Growth Opportunity Analysis - MDR-Focused Vendors Segment
Key Growth Metrics
Revenue Forecast
Revenue Forecast by Region
Revenue Forecast by Company Size
Forecast Analysis
Growth Opportunity Analysis - Multi-product Vendors Segment
4. Key Growth Metrics
Revenue Forecast
Revenue Forecast by Region
Revenue Forecast by Company Size
Forecast Analysis
5. Growth Opportunity Universe
Growth Opportunity 1: Increasing MDR's Scope without Losing Focus
Growth Opportunity 2: Pursuing Further Development in Machine Learning and Automation to Empower their Teams
Growth Opportunity 3: Expansion Into Different Regions and Industry Verticals
Insights for CISOs
Current Geopolitical Context and MDR
6. Next Steps
For more information about this report visit https://www.researchandmarkets.com/r/4eha4p
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