According to the latest market research report released by Technavio, the global managed detection and response services market is expected to accelerate at a CAGR of over 23% during the forecast period. Increase in the adoption of hosted services is one of the key factors triggering the growth of the market.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20181026005169/en/
Technavio has published a new market research report on the global managed detection and response services market from 2018-2022. (Graphic: Business Wire)
This research report titled 'Global Managed Detection and Response Services Market 2018-2022' provides an in-depth analysis of the market in terms of revenue and emerging market trends. It also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing
The market research analysis categorizes the global managed detection and response services market into the following geographical regions:
- Americas
- EMEA
- APAC
In 2017, the Americas accounted for 44% of the global market and is projected to reach 47% by 2022, exhibiting almost a 3% increase in market share.
Global managed detection and response services market: Top emerging trend
Increasing use of the IoT is an emerging trend in the ICT space. IoT is a technology in which physical devices are connected and are accessible via the internet so that they can be controlled from anywhere. However, IoT has some security concerns such as the vulnerability to cyberattacks, due to which hackers can exploit the features and functionality of IoT devices. These attacks can damage the device, which can range from device malfunctioning to the entire device shutdown. Managed detection and response services help IoT by protecting IoT devices, applications, and data. Managed detection and response services add a layer of security over the network security which helps in protecting data and apps from malware and hijacking. They also use cryptography techniques for securing communications at the network edge. Thus, the increase in the use of the IoT will lead to an increase in the adoption of managed detection and response services.
Looking for more information on this market? Request a free sample report
Technavio's sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.
Technavio's report provides expert market research on the following topics:
Executive Report
- Market Outline
- Global Managed Detection and Response Services Market Overview
Market Insights
- Market Sizing and Forecasts
- Market Growth
- Market Drivers and Challenges
- Key Emerging Trends
Market Segmentation Analysis
- Regional comparison (APAC, Americas, EMEA)
- Key leading countries
Vendor Landscape
- Vendor classification
- Market positioning of vendors
- Competitive scenario
- Analysis of top vendors (BAE Systems, IBM, Cisco Systems, Symantec)
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at media@technavio.com
View source version on businesswire.com: https://www.businesswire.com/news/home/20181026005169/en/
Contacts:
Technavio Research
Jesse Maida
Media Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
www.technavio.com