HOME Research Insight Players have Adopted the Strategies of New Product Launches & Enhancements and Partnerships & Agreements to Increase their Geographic Presence in Incident Response Services Market



Players have Adopted the Strategies of New Product Launches & Enhancements and Partnerships & Agreements to Increase their Geographic Presence in Incident Response Services Market


MarketsandMarkets forecasts the market size of incident response services 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%. The major factors contributing to the growth of incident response services market are rise in security breaches targeting the enterprises, growing sophistication of attacks, and the availability of cloud-based security solutions

The prominent players in this market are IBM Corporation, Cisco Systems, Inc., Check Point Software Technologies, Dell SecureWorks, Rapid7, FireEye, Inc., Honeywell International, Inc., BAE Systems, and Verizon Wireless. Players in this market have adopted numerous approaches to expand their global presence and achieve growth in the incident response services market. Many players have adopted the strategies of new product launches & enhancements and partnerships & agreements to increase their geographic presence and expand their product portfolio to untapped markets.

IBM was founded in 1911 and is headquartered in New York, U.S. IBMís subsidiary, Resilience, offers software solutions for responding to incidences. IBMís security division is one of the leaders in the security market. The company has been known in the market for providing one of the advanced ranges of enterprise security products and services. Moreover, IBM X-Force research has been helping organizations in managing risk and providing security against prevailing cyber threats. The acquisition of Resilient in April 2016 has helped IBM in expanding its capability and portfolio in the incident response services market. IBM can advance with Resilientís best-response capabilities, more than 100 global customers that include 30 of the Fortune 500, and partners in more than 20 countries.

Cisco Systems, Inc., a global provider of networking equipment, was founded in 1984 and is headquartered in California, U.S. Cisco has been very active in the security market with its distinct product and service offering and various solution partners. These solution partners help Cisco in meeting the needs of their joint customers. In April 2015, Cisco introduced AMP Threat Grid to its Advanced Malware Protection (AMP) portfolio, which is the result of its acquisition of ThreatGRID. This integration of the two products is expected to provide malware protection using its dynamic malware analysis capabilities and threat intelligence.

Related Reports:

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

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