According to the latest report by IMARC Group, titled, “Incident Response Services Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, the global incident response services market reached a value of US$ 21.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 66.9 Billion by 2027, exhibiting at a CAGR of 22.10% during 2022-2027.
Incident response (IR) services can detect and resolve problems that threaten individuals, processes, technologies and facilities. They assist in the resolution of an incident through an appropriate reaction for the containment of the problem. Nowadays, these solutions are extensively used in computer security and information technology (IT) as IR services help in tackling cybersecurity threats effectively.
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Market Trends
The global market is majorly driven by the rising incidences of cyber-attacks. Rapid digital transformations across multiple sectors have led to a considerable rise in data breaches and sophisticated levels of cyber security threats. This has resulted in the widespread adoption of IR services to prevent mishaps and safeguard crucial information. Furthermore, numerous financial institutions across the banking, financial services and insurance (BFSI) sector are abiding by stringent compliance requirements as they are more susceptible to data thefts. This, in turn, is positively influencing the market growth across the globe. In addition to this, multiple healthcare organizations are widely deploying IR services to enhance patient safety and protect confidential information, which is propelling the market growth further.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
- Accenture plc
- BAE Systems plc
- Check Point Software Technologies Ltd.
- Cisco Systems Inc.
- CrowdStrike Holdings Inc.
- Deloitte Touche Tohmatsu Limited
- FireEye
- Fortinet Inc.
- International Business Machines Corporation
- Kaspersky Lab
- NEC Corporation
- Optiv Security Inc.
- Rapid7
- Vmware Inc. (Dell Technologies Inc.).
The report has segmented the market based on component, service type, security type, deployment mode, enterprise size and end use industry.
Breakup by Component:
- Solution
- Services
Breakup by Service Type:
- Retainer
- Assessment and Response
- Tabletop Exercises
- Incident Response Planning and Development
- Advanced Threat Hunting
- Others
Breakup by Security Type:
- Web Security
- Application Security
- Endpoint Security
- Network Security
- Cloud Security
Breakup by Deployment Mode:
- Cloud-based
- On-premises
Breakup by Enterprise Size:
- Small and Medium-sized Enterprises
- Large Enterprises
Breakup by End Use Industry:
- IT and Telecom
- BFSI
- Government
- Transportation
- Healthcare
- Others
Breakup by Region:
- North America
- Asia-Pacific
- Europe
- Latin America
- Middle East and Africa
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