Incident Response Services Market

Incident Response Services Market by End-users (Industrial, Government, Transportation, Healthcare, IT & Telecom, and BFSI), Enterprises (Large Enterprises and Small & Medium Enterprises), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: ICT-SE-4304
  • Author: Growth Market Reports
  • Rating: 4.9
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  • No. Of Pages: 220
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The global incident response services market size was valued at USD 3.68 billion in 2020 and is expected to expand at a CAGR of 20.64% during the forecast period, 2021–2028. The growth of the market is attributed to the growing frequency of cyber-attacks and rising companies’ demand for incident response teams to avoid security risks.

Incident Response Services Market Key Takeaways

Incident response services refers to services given by vendors who follow a planned and coordinated set of protocols and methodologies in the case of a cyber-attack. Information technology (IT) incidents, cyber events, and security incidents are all terms used to describe these types of cyber-attacks. Enterprises may use incident response systems to keep an eye on their networks and endpoints for sophisticated intrusions and fraudulent activity. Cyber threats are attempts to use spyware and malware, as well as phishing, to destroy or disrupt information systems and hack important information. Breach investigation is used to determine whether the threat is from an external source or an inside source, as well as the scope and timeline of the breach. Moreover, forensic services are a collection of digital evidence to be used as part of an investigation.

Organizations all across the world are responding proactively to cyber risks that increased during the COVID-19 pandemic. In the middle of the pandemic, businesses around the world are hurrying to address secure work-from-home (WFH) conditions and cyber risks. As a result, the investment on the services is rising substantially among companies on the attempt of cyber threat mitigation.

Market Trends, Drivers, Restraints, and Opportunities

  • Stricter government rules and increased compliance obligations for businesses to prevent their security system from cyber-attacks is a key factor drives the market.
  • Implementation of Bring Your Own Device (BYOD) policies by business organizations is another key aspect which boosts the market.
  • Constraints on funds and high innovation expenses can hamper the market growth during the forecast period.
  • Scarcity of qualified security professionals to deal with complex security occurrences can hinder the market expansion.
  • Availability of open source and other alternatives such as pirated security solutions are likely to restrict the market growth during the forecast period.
  • Development in the complexity level of cyber-attacks as well as large financial losses following the occurrence of an event are expected to present considerable market growth opportunities throughout the projection period.

Scope of the Report

The report on the global incident response services market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Incident Response Services Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

End-users (Industrial, Government, Transportation, Healthcare, IT & Telecom, and BFSI), and Enterprises (Large Enterprises and Small & Medium Enterprises)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Dell; BAE Systems; Check Point Software Technologies; IBM; Cisco; Intel; and Symantec

Market Segment Insights

BFSI segment to grow at a rapid pace

Based on end-users, the incident response services market is divided into industrial, government, transportation, healthcare, IT & telecom, and BFSI. The BFSI segment is expected to grow at a rapid pace during the forecast period due to the constant need to upgrade security system to avoid any fraudulent activities in the sector. Moreover, financial organizations require to ensure consumers’ confidence and industry's vast client base about the protection of their financial information. When compared to other businesses, financial service companies have been highlighted as being more vulnerable to cyber-attacks. However, the government segment is anticipated to hold a key share of the market in the coming years as all government agencies around the world serve to collect intelligence while handling crucial and sensitive information.

Small & medium enterprises segment to expand at a considerable CAGR

On the basis of enterprises, the market is bifurcated into large enterprises and small & medium enterprises. The small & medium enterprises segment is projected to expand at a considerable CAGR during the forecast period due to the rising needs for effective security system for handling fraudulent problems and cyber-attacks among small businesses. On the other hand, the large enterprises segment is anticipated to account for a major market share during the forecast period as big enterprises are required to upgrade their networking system to prevent data breaches, reputational loss, and societal negative affects by responding quickly and shifting to pre-planned incident response methods.

Asia Pacific is anticipated to constitute a key market share

In terms of regions, the incident response services market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is expected to constitute a key share of the market during the projected period owing to the wide transformation for digitalization and rising access to the Internet for financial transactions among a large number of the regional population. However, the market of North America is anticipated to expand at a rapid pace during the forecast period due to fast economic development, regulatory changes, and economic stability of the countries in the region.

Incident Response Services Market By Regions

Segments

The global incident response services market has been segmented on the basis of

End-users
  • Industrial
  • Government
  • Transportation
  • Healthcare
  • IT & Telecom
  • BFSI
Enterprises
  • Large Enterprises
  • Small & Medium Enterprises
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • Dell
  • BAE Systems
  • Check Point Software Technologies
  • IBM
  • Cisco
  • Intel
  • Symantec

Competitive Landscape

Key players competing in the global incident response services market are Dell; BAE Systems; Check Point Software Technologies; IBM; Cisco; Intel; and Symantec. Increasing needs for handling chain-of-custody and analysis of applications, data, networks, and endpoint systems are some of the capabilities offered by the key players in the market. Moreover, Zscaler and CrowdStrike announced a number of plans in March 2021 to offer end-to-end security protection from endpoint to application in the coming years. The collaboration between the two cloud-native security businesses aimed to provide joint clients with adaptive, risk-based access management to private applications, and ensuring enhanced protection for staff working remotely.

Incident Response Services Market By Key Players

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Incident Response Services Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Incident Response Services Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Incident Response Services Market - Supply Chain
  4.5. Global Incident Response Services Market Forecast
     4.5.1. Incident Response Services Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Incident Response Services Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Incident Response Services Market Absolute $ Opportunity
5. Global Incident Response Services Market Analysis and Forecast by End Users
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by End Users
     5.2.2. Y-o-Y Growth Projections by End Users
  5.3. Incident Response Services Market Size and Volume Forecast by End Users
     5.3.1. Industrial Government Transportation Healthcare IT & Telecom BFSI
  5.4. Absolute $ Opportunity Assessment by End Users
  5.5. Market Attractiveness/Growth Potential Analysis by End Users
6. Global Incident Response Services Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Incident Response Services Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Incident Response Services Demand Share Forecast, 2019-2026
7. North America Incident Response Services Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Incident Response Services Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Incident Response Services Market Size and Volume Forecast by End Users
     7.4.1. Industrial Government Transportation Healthcare IT & Telecom BFSI
  7.5. Basis Point Share (BPS) Analysis by End Users
  7.6. Y-o-Y Growth Projections by End Users
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Incident Response Services Demand Share Forecast, 2019-2026
8. Latin America Incident Response Services Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Incident Response Services Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Incident Response Services Market Size and Volume Forecast by End Users
     8.4.1. Industrial Government Transportation Healthcare IT & Telecom BFSI
  8.5. Basis Point Share (BPS) Analysis by End Users
  8.6. Y-o-Y Growth Projections by End Users
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Incident Response Services Demand Share Forecast, 2019-2026
9. Europe Incident Response Services Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Incident Response Services Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Incident Response Services Market Size and Volume Forecast by End Users
     9.4.1. Industrial Government Transportation Healthcare IT & Telecom BFSI
  9.5. Basis Point Share (BPS) Analysis by End Users
  9.6. Y-o-Y Growth Projections by End Users
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Incident Response Services Demand Share Forecast, 2019-2026
10. Asia Pacific Incident Response Services Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Incident Response Services Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Incident Response Services Market Size and Volume Forecast by End Users
     10.4.1. Industrial Government Transportation Healthcare IT & Telecom BFSI
  10.5. Basis Point Share (BPS) Analysis by End Users
  10.6. Y-o-Y Growth Projections by End Users
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Incident Response Services Demand Share Forecast, 2019-2026
11. Middle East & Africa Incident Response Services Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Incident Response Services Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Incident Response Services Market Size and Volume Forecast by End Users
     11.4.1. Industrial Government Transportation Healthcare IT & Telecom BFSI
  11.5. Basis Point Share (BPS) Analysis by End Users
  11.6. Y-o-Y Growth Projections by End Users
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Incident Response Services Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Incident Response Services Market: Market Share Analysis
  12.2. Incident Response Services Distributors and Customers
  12.3. Incident Response Services Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Dell
     12.4.2. BAE Systems
     12.4.3. Check Point Software Technologies
     12.4.4. IBM
     12.4.5. Cisco
     12.4.6. Intel
     12.4.7. Symantec
The global incident response services market has been segmented on the basis of

End-users
  • Industrial
  • Government
  • Transportation
  • Healthcare
  • IT & Telecom
  • BFSI
Enterprises
  • Large Enterprises
  • Small & Medium Enterprises
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • Dell
  • BAE Systems
  • Check Point Software Technologies
  • IBM
  • Cisco
  • Intel
  • Symantec

Key players competing in the global incident response services market are Dell; BAE Systems; Check Point Software Technologies; IBM; Cisco; Intel; and Symantec. Increasing needs for handling chain-of-custody and analysis of applications, data, networks, and endpoint systems are some of the capabilities offered by the key players in the market. Moreover, Zscaler and CrowdStrike announced a number of plans in March 2021 to offer end-to-end security protection from endpoint to application in the coming years. The collaboration between the two cloud-native security businesses aimed to provide joint clients with adaptive, risk-based access management to private applications, and ensuring enhanced protection for staff working remotely.

Incident Response Services Market By Key Players

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