The global Incident Response Services market is at USD 19.4 billion in 2021 and is expected to reach USD 68.15 billion by 2027 growing at a CAGR of 20.3% during the forecast period 2022 - 2027. The increasing investments by market players act as a principal factor promoting market value of incident response services.
Driving Factors
One of the major driving factors that helps the growth of the Incident Response Services market is the rise in sophistication level of cyber-attacks across the world. Heavy financial losses post incident occurrence is another major growth factor of this Incident Response Services market.
Stringent government regulations and compliance requirements is another crucial element that promotes the revenue of the global Incident Response Services industry.
Challenges
Financial constraints are one of the major challenging factors that is affecting the growth of the global Incident Response Services market. Another major limitation to the growth of the market is the high innovation costs. Lack of competent security professionals to handle challenging security incidents and availability of open source and pirated security solutions are some of the other serious threats to the worldwide Incident Response Services market.
Recent Market Developments
REPORT METRIC |
DETAILS |
Market Size Available |
2020 – 2026 |
Base Year |
2020 |
Forecast Period |
2022 - 2027 |
CAGR |
20.3% |
Segments Covered |
By Component, Service Type, Security Type, Deployment Mode, Organization Size, Vertical, and Region. |
Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
Market Leaders Profiled |
Resolve Systems (US), Kudelski Security (US), Swimlane (US), LogRhythm (US), Carbon Black (US), IBM (US), Cisco (US), RiskIQ (US), Accenture (Ireland), AlienVault (US), Kaspersky Lab (Russia), Check Point Software Technologies (Israel), BAE Systems (UK), Rapid7 (US), Symantec (US), McAfee (US), Palo Alto Networks (US), FireEye (US), Dell (US), Verizon (US), CrowdStrike (US), Optiv (US), Trustwave (US), NTT Security (Germany), Paladion Networks (US), and Coalfire (US) and Others. |
Segmentation Analysis
The Incident Response Services market is segmented on the basis of component, on the basis of service type, on the basis of security type, on the basis of deployment mode, on the basis of organization size, on the basis of vertical, and on the basis of region.
the Incident Response Services market is segmented into two types, namely solutions and services. Among these, the services segment holds the major share of the market.
the Incident Response Services market is divided into retainer, assessment and response, tabletop exercises, incident response planning and development, advanced threat hunting and other services. The assessment and response segment holds the major share of the market among others.
the market of Incident Response Services is separated into web security, application security, end point security, network security, and cloud security.
the incident response services market is bifurcated into on-premises and cloud.
the market of Incident Response Services is segmented into small and medium sized enterprises, and large enterprises.
the Incident Response Services market is divided into banking, financial services and insurance, government, healthcare and life sciences, retail and e-commerce, travel and hospitality, manufacturing, IT and telecommunication and other verticals.
Regional Analysis
The Incident Response Services market is studied in various regions all around the world such as North America (US, Mexico, Canada and rest of North America), Europe (Italy, UK, Germany, Spain, France, and rest of Europe), Asia Pacific (India, Japan, China, Australia and rest of Asia Pacific), and LAMEA.
Among these regions, North America holds the major share of the market attributed to the increasing need for organizations to reduce the misuse of the internet and enhance their employees’ productivity, addressing the incidents of attacks on IT infrastructure in the nations like the United States.
Asia Pacific region is foreseen to have the second largest share of the market owing to rapid growth in the major countries along with regulatory reforms and economic stability in the countries like India, China, Japan, etc.
Europe region is also having a good market share following the Asia Pacific and North America due to the huge investments by the companies in the research and development for the new technological advancements in the industry.
Latin America and the Middle East and Africa are also supposed to witness considerable growth in this market in the coming years.
Key market players
Some of the key players of the global Incident Response Services market are Resolve Systems (US), Kudelski Security (US), Swimlane (US), LogRhythm (US), Carbon Black (US), IBM (US), Cisco (US), RiskIQ (US), Accenture (Ireland), AlienVault (US), Kaspersky Lab (Russia), Check Point Software Technologies (Israel), BAE Systems (UK), Rapid7 (US), Symantec (US), McAfee (US), Palo Alto Networks (US), FireEye (US), Dell (US), Verizon (US), CrowdStrike (US), Optiv (US), Trustwave (US), NTT Security (Germany), Paladion Networks (US), and Coalfire (US)
The Coronavirus has impacted almost all industries of the world like manufacturing units, flights, travelling, automotive and so many sectors to halt their services. This pandemic has affected the business by directly impacting the production, disrupting supply chain and creating financial hurdles.
Due to the COVID-19, Incident Response Services market is estimated to have a positive impact with the increasing trend of digitization and work from home in the IT sector. Industry experts are predicting that the market will develop more in the following years with the increasing investments by the major players. In most of the countries, the government have already lifted the lockdown and gave permission for the companies to resume their businesses with strict rules and regulations. As the companies have started their operations, the market for Incident Response Services will witness more profits in the near future.
1. Introduction
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.1.1 Drivers
4.1.2 Restaints
4.1.3 Opportunities
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.2 Products/Service
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Incident Response Services Market, By Component
6.1.1 Solutions
6.1.2 Services
6.1.3 Market Size Estimations & Forecasts (2022 - 2027)
6.1.4 Y-o-Y Growth Rate Analysis
6.1.5 Market Attractiveness Index
6.2 Incident Response Services Market, By Service Type
6.2.1 Retainer
6.2.2 Assessment and Response
6.2.3 Tabletop Exercises
6.2.4 Incident Response Planning and Development
6.2.5 Advanced Threat Hunting
6.2.6 Market Size Estimations & Forecasts (2022 - 2027)
6.2.7 Y-o-Y Growth Rate Analysis
6.2.8 Market Attractiveness Index
6.3 Incident Response Services Market, By Security Type
6.3.1 Application Security
6.3.2 Web Security
6.3.3 Endpoint Security
6.3.4 Network Security
6.3.5 Cloud Security
6.3.6 Market Size Estimations & Forecasts (2022 - 2027)
6.3.7 Y-o-Y Growth Rate Analysis
6.3.8 Market Attractiveness Index
6.4 Incident Response Services Market, By Deployment Mode
6.4.1 Cloud
6.4.2 On-Premises
6.4.3 Market Size Estimations & Forecasts (2022 - 2027)
6.4.4 Y-o-Y Growth Rate Analysis
6.4.5 Market Attractiveness Index
6.5 Incident Response Services Market, By Organization Size
6.5.1 Large Enterprises
6.5.2 SMEs
6.5.3 Market Size Estimations & Forecasts (2022 - 2027)
6.5.4 Y-o-Y Growth Rate Analysis
6.5.5 Market Attractiveness Index
6.6 Incident Response Services Market, By Vertical
6.6.1 BFSI
6.6.2 Government
6.6.3 Healthcare and Life Sciences
6.6.4 Retail and E-Commerce
6.6.5 Travel and Hospitality
6.6.6 Manufacturing
6.6.7 IT and Telecommunication
6.6.8 Market Size Estimations & Forecasts (2022 - 2027)
6.6.9 Y-o-Y Growth Rate Analysis
6.6.10 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2018 - 2024)
7.2.1 By Country
7.2.1.1 USA
7.2.1.2 Canada
7.2.2 By Component
7.2.3 By Service Type
7.2.4 By Security Type
7.2.5 By Deployment Mode
7.2.6 By Organization Size
7.2.7 By Vertical
7.3 Europe
7.3.1 By Country
7.3.1.1 UK
7.3.1.2 France
7.3.1.3 Germany
7.3.1.4 Spain
7.3.1.5 Italy
7.3.1.6 Rest of Europe
7.3.2 By Component
7.3.3 By Service Type
7.3.4 By Security Type
7.3.5 By Deployment Mode
7.3.6 By Organization Size
7.3.7 By Vertical
7.4 Asia Pacific
7.4.1 By Country
7.4.1.1 China
7.4.1.2 India
7.4.1.3 Japan
7.4.1.4 South Korea
7.4.1.5 South East Asia
7.4.1.6 Australia & NZ
7.4.1.7 Rest of Asia-Pacific
7.4.2 By Component
7.4.3 By Service Type
7.4.4 By Security Type
7.4.5 By Deployment Mode
7.4.6 By Organization Size
7.4.7 By Vertical
7.5 Latin America
7.5.1 By Country
7.5.1.1 Brazil
7.5.1.2 Argentina
7.5.1.3 Mexico
7.5.1.4 Rest of Latin America
7.5.2 By Component
7.5.3 By Service Type
7.5.4 By Security Type
7.5.5 By Deployment Mode
7.5.6 By Organization Size
7.5.7 By Vertical
7.6 Middle East and Africa
7.6.1 By Country
7.6.1.1 Middle East
7.6.1.2 Africa
7.6.2 By Component
7.6.3 By Service Type
7.6.4 By Security Type
7.6.5 By Deployment Mode
7.6.6 By Organization Size
7.6.7 By Vertical
8. Key Player Analysis
8.1 Resolve Systems
8.1.1 Business Description
8.1.2 Products/Service
8.1.3 Financials
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 JBM
8.3 Cisco
8.4 Kudelski Security
8.5 Swimlane
8.6 LogRhythm
8.7 Carbon Black
8.8 RiskIQ
8.9 Accenture
8.10 Kaspersky Lab
9. Market Outlook & Investment Opportunities
Appendix
List of Tables
List of Figures
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