The Global Incident Response Market is expected to grow at a significant CAGR during the forecast period (2021-2027). The incident response may be characterized as a methodical approach to managing and responding to a security breach or assault. The method tries to keep the situation under control by reducing the possibility for harm and taking efforts to reduce recovery costs and time. An incident response plan is a policy that defines what constitutes an event. It also includes a step-by-step procedure that must be followed in the event of an occurrence. The key goal is to deal with this scenario in a way that minimizes harm and reduces recovery time and expenses. Ideally, incident response activities are carried out by the organization’s computer security incident response team, also known as CSIRT, which was previously selected to include people from information security, general IT, and the C-suite.
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Various factors such as an increase in the number of security breaches, more stringent government regulations and compliance requirements for businesses, an increase in the sophistication level of cyber-attacks, and significant financial losses following incident occurrence, among others, are expected to drive market growth during the forecast period.
Due to the rising sophistication of assaults, as well as their increasing frequency, security experts have been able to develop effective services and solutions. Attackers are becoming more well-funded and organized, and their sophistication is increasing. As a result, every company needs an incident response strategy, which seeks to improve reaction preparedness to various security situations. Due to increased return-on-investment, increasingly complex nature of assaults, and growth in enterprise-level security breaches, the global incident response market is expected to grow.
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Enterprises have adopted IR solutions and services to detect and respond to advanced cyber threats and data breaches as a result of stringent government regulations and compliance requirements, an increase in the sophistication level of cyber-attacks, and large financial losses following incident occurrence. Furthermore, SMEs are getting a lot of momentum in the industry since they are more frequently attacked by cyber-attacks and data breaches. Organizations may successfully preserve and safeguard their important information against data breaches by using incident response systems, which allows them to respond to an event more quickly.
Zscaler and CrowdStrike announced several connectors in March 2021 that give end-to-end security protection from endpoint to application. The collaboration between the two cloud-native security businesses will provide joint clients with adaptive, risk-based access management to private applications, ensuring improved protection for people working remotely.
Market Coverage
- The market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
- Segment Covered-
o By Security Type
o By Service Type
o By End-User
- Competitive Landscape: Symantec, Palo Alto Networks, Cisco Systems Inc., McAfee, FireEye.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Incident Response Market by Segments
By Security Type
• Network Security
• Endpoint Security
• Application Security
By Service Type
• Assessment and Response
• Incident Response Planning and Development
• Tabletop Exercises
By End-User
• Retail and E-Commerce
• Healthcare and Life Sciences
• Government
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