NetWorks Group Mentions MarketsandMarkets for Managed Detection and Response Market
Managed detection and response (MDR) services are fast becoming popular for security monitoring that uses a different approach for improving incident response capabilities and detecting threats that other controls may have been evaded with. The global managed detection and response market is estimated to be worth USD 1,658.0 Million by 2022, registering a high CAGR of 31.6% during the forecast period from 2017-2022, owing to the increasing enterprise targeted cyber-attacks, lack of cybersecurity practitioners, growing need for compliance to various government regulations, technological advancements, and rising adoption of technologies such as Internet of Things (IoT) across various end-users.
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Managed Detection and Response Market by Security Type (Endpoint, Network, Application, Cloud), Deployment (On-Premises, Hosted), Organization Size (SMEs, and Large Enterprises), Industry Vertical, and Region - Global Forecast to 2022
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