Global Incident Response Market is projected to exhibit a CAGR of 17.34% between 2019 and 2025

Author: QYResearch  |   Published Date: 2019-07-02   |   Views: 160

Incident Response.jpg

Author: Wu Xiaomei

Incident response is an organized approach to addressing and managing the aftermath of a security breach or cyberattack, also known as an IT incident, computer incident or security incident. The goal is to handle the situation in a way that limits damage and reduces recovery time and costs.

Ideally, incident response activities are conducted by the organization's computer security incident response team (CSIRT), a group that has been previously selected to include information security and general IT staff as well as C-suite level members. The team may also include representatives from the legal, human resources and public relations departments. The CSIRT response should comply with the organization's incident response plan (IRP), a set of written instructions that outline the organization's response to a cyberattack.

The global Incident Response market is valued at 11.1 billion USD in 2018 and is expected to reach 34.1 billion USD by the end of 2025, growing at a CAGR (Compounded Annual Growth Rate) of 17.34% between 2019 and 2025.

Incident Response is a low concentration industry. There are hundreds of vendors in this industry. The competition is very intense. The Incident Response also is a technology-intensive industry. The key players are IBM, Accenture, Cisco, CrowdStrike, FireEye, McAfee, NTT, Optiv, Rapid7, Symantec, Trustwave, Verizon, Booz Allen Hamilton, Stroz Friedberg (AON), Check Point, Secureworks (Dell), BAE Systems, PricewaterhouseCoopers (PWC), Cylance, DXC, RSA, Deloitte, KPMG International, Ernst & Young and so on.

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The vendors are better find their own characteristics, improve product and service quality, the activities of a better customer experience, establish the whole eco-system of the industry, and good brand communication. Following the market trends, access to greater competitive advantage, concerning more on their customer experience and services to get a bigger market share.

Big Data, cloud computing, IOT, Internet plus all will be the development trend in the next few years. This especially stimulate the demand for Incident Response in all Industries. It is important for European and North American manufactures to monitor the Asian Market closely and follow any new technologies they may develop or else they may find themselves not able to produce at the speed and with the quality needed. Although Incident Response industry brings a lot of opportunities, the study group recommends the new entrants just having money but without technical advantage and upstream and downstream support do not to enter into this field.

This report presents a comprehensive overview, market shares, and growth opportunities of Incident Response market by Delivery Methods, service, key manufacturers and key regions.

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