Ever-increasing Threat of Data Exfiltration, Rising Regulatory Requirements Affecting Companies of All Sizes, and Rising Adoption of Cloud Based Networking Are Driving Growth of the Market.
Managed Detection and Response Market Expected to Reach $2.2 Billion by 2025 Increasing Instances of Cyber-attacks, Shortage of Cybersecurity Practitioners, and Need for Compliance to Various Government Regulations is Driving the Market
BriefingWire.com, 1/11/2021 - Managed Detection and Response (MDR) Market is expected to reach $2.2 billion by 2025 at a CAGR of 16.7% during the forecast period 2020-2025. Increasing instances of cyber-attacks, shortage of cybersecurity practitioners, and need for compliance to various government regulations is driving the market. Moreover, technological advancement and increasing adoption of technologies such as Internet of Things (IoT) and enterprise mobility, across various industry verticals have increased the use of mobile devices to boost employee productivity and gain substantial competitive edge in the industry. Moreover, the current usage of managed detection and response reduces the cyber security risks whi