Incident Response Services Market Worth 30.29 Billion USD by 2021

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MarketsandMarkets forecasts the incident response services market size to grow from USD 13.09 Billion in 2016 to USD 30.29 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 18.3%. The major factors contributing to the growth of the market are rise in security breaches targeting the enterprises, growing sophistication of attacks, and improved return-on-investments. North America is expected to have the largest market share and would dominate the incident response services market from 2016 to 2021 due to the presence of a large number of incident response services vendors. The U.S. holds the majority of the market share in terms of adoption as well as revenue generation in North America, owing to the stringent government regulations.

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Incident Response Services Market Worth 30.29 Billion USD by 2021 NEWS PROVIDED BY MarketsandMarkets 26 Jan 2017 10:00 ET  PUNE India January 26 2017 /PRNewswire/ -- According to a new market research report "Incident Response Services Market by Component Security Type Web Application Cloud Database Endpoint Network Organization Size Deployment Mode Vertical ITES BFSI Government Retail Manufacturing and Region - Global Forecast to 2021" published by MarketsandMarkets the market size is estimated to grow from USD 13.09 Billion in 2016 to USD 30.29 Billion by 2021 at a Compound Annual Growth Rate CAGR of 18.3.      Logo: http://photos.prnewswire.com/prnh/20160303/792302 Browse 72 Market Data Tables and 61 Figures spread through 153 Pages and in-depth TOC on "Incident Response Services Market" http://www.marketsandmarkets.com/Market-Reports/incident-response-service-market-117572423.html Early buyers will receive 10 customization on this report. The major forces driving this market are rise in the security breaches targeting enterprises increasing sophistication of cyber-attacks and improved returns on investments. The growing market for Bring Your Own Device BYOD and other devices and the rise in demand of next-generation security solutions are contributing to the growth of the Incident Response Services Market. Incident record management and forensics solution segment is expected to grow at the highest CAGR in the Incident Response Services Market during the forecast period  MarketsandMarkets Logo

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The adoption of the incident record management and forensics solution segment is expected to grow at the highest CAGR during the forecast period as it involves various crucial steps such as reporting of the incident collecting of evidence and conversations with the users system owners and others to detect the method of attack. In the forensic readiness approach this incident preparedness includes actions both technical and nontechnical which maximize an organizations ability to use the digital evidence. The solution offers in-depth analysis of the incident so as to avoid similar issues in the future. This helps it to gain prominence in the Incident Response Services Market offerings. Consulting and advisory services segment is expected to hold the largest market share in the Incident Response Services Market and the current trend is expected to continue during the forecast period  The consulting and advisory services segment is essential for the Incident Response Services Market and helps organizations in finding the right solution for their network infrastructure. Consultants include highly qualified industry experts domain experts and security professionals. Consulting service providers guide companies in setting up new cyber security infrastructure to address their specific security requirements in a way feasible for them. North America is expected to have the largest market share  North America is expected to hold the largest market share and would dominate the incident response services from 2016 to 2021 owing to the maximum number of IT companies multinational large-scale enterprises along with a number of small-scale enterprises that are target for cyber-attacks. The U.S. holds the majority of the market share in terms of adoption as well as revenue generation in North America owing to the stringent government regulations. Asia-Pacific to grow with the highest CAGR  The Asia-Pacific APAC region is expected to witness the highest growth rate during the forecast period as a result of the existence of unethical hackers changing lifestyle and increasing dependency on IT-enabled services. The countries in the region are adopting several stringent laws to curb cyber security and bring about augmented incident response systems such as implementation of strict cybersecurity regulations by the Chinese government. Inquiry before Buying http://www.marketsandmarkets.com/Enquiry_Before_Buying.aspid117572423 The major vendors in the Incident Response Services Market include IBM Corporation New York U.S. Cisco Systems Inc. California U.S. Intel Corporation California U.S. Symantec Corporation California U.S. Dell Inc. Texas U.S. BAE Systems London U.K. Check Point Software Technologies Ltd California U.S. FireEye Inc. California U.S. Honeywell International Inc. New Jersey U.S. Verizon Communication Inc. New York U.S. and Rapid7 Inc. Massachusetts U.S.. Browse Related Reports Cyber Security Market by Solutions IAM Encryption DLP UTM Antivirus/Antimalware Firewall IDS/IPS Disaster Recovery Services Security Type Deployment Mode Organization Size Vertical Region - Global Forecast to 2021 http://www.marketsandmarkets.com/Market-Reports/cyber-security-market-505.html Security Analytics Market by Application Network Security Analytics Application Security Analytics Web Security Analytics Endpoint Security Analytics Services Deployment Mode Organization Size Vertical Region - Global Forecast to 2021 http://www.marketsandmarkets.com/Market-Reports/security-analytics-market-1026.html Know More About our Knowledge Store http://www.marketsandmarkets.com/Knowledgestore.asp About MarketsandMarkets MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year MM is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities identify most important customers write "Attack avoid and defend" strategies identify sources of incremental revenues for both the company and its competitors.

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