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Global Incident Response Services Market 2021 Share, Growth by Top Company, Region, Application, Driver, Trends & Forecast

Incident Response Services

Incident Response Services Market” report provides strategic supports mentioned by the business specialists with market sources, amount of manufacturing cost structure, raw materials, forecasts, turnover, manufacturing outlays, latest market trends, labor cost, demands and much more. Incident Response Services market report covers a comprehensive market structure through the globe with an in-depth study of major dynamics (Drivers, Challenges, Opportunities).  

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Key Market Trends:

Data Breaches in the Healthcare Industry to Drive the Market Growth

– In 2018, the healthcare industry continued to be plagued by data breaches involving sensitive patient information, according to 2019 Breach Barometer Annual Report by Protenus.
– The largest breach reported in 2018 was a hacking of a business associate. It involved a North Carolina-based health system vendor that had its patient information accessed by an unauthorized party. Hackers gained access to patient information over the course of a week, affecting 2.65 million patient records.
– For 2019, the largest data breach incident was reported by Navicent Health in March. It was a phishing attack in which the records of 278,016 patients were potentially accessed and copied by the attackers. A similarly sized data breach was reported by ZOLL Services, which impacted 277,319 individuals.
– As per HIPAA’s Data Breach Report, healthcare data breaches continued to be reported at a rate of one a day in March 2019.

Asia-Pacific to Witness the Highest Growth

– According to IBEF, India’s IT & ITeS industry grew to USD 181 billion during 2018-2019. According to data released by the Department of Industrial Policy and Promotion (DIPP), the computer software and hardware sector in attracted cumulative foreign direct investment (FDI) inflows worth USD 35.82 billion during April 2000 to December 2018. This calls for an increased demand for incident response service.
– Moreover, growing technological innovations in China and Japan results in growth of the incident response services market. According to Japan Electronics and Information Technology Industries Association (JEITA), computers and IT terminal production in February 2019 was worth JPY 95,371 million, as compared to JPY 85,564 million in January 2019.

Market Overview:

  • The market was valued at USD 18.26 billion in 2018, and it is projected to reach a value of USD 51.29 billion by the end of 2024, at a CAGR of 18.96% over the forecast period (2019-2024). With the sophistication and frequency of attacks increasing, more organizations are beginning to prioritize incident response teams who can help mitigate the impact of security threats to any organization.
  • – There has been rise in cases of cyberattacks, globally. Lately, in April 2019, Amnesty International’s Hong Kong office has been hit by a years-long cyberattack from hackers with known links to the Chinese government. In the same month, medical billing service provider ‘Doctors’ Management Service’ suffered a ransomware attack compromising patients’ data from a number of its clients. These kind of incidents are leading to an emerging demand for incident response services.
  • – Proposals, principles, laws, rules, standards, and guidelines are spreading in global forums, federal agencies, state legislatures, and business world, regarding enforcing security standards. In 2018, the US SEC involved in requiring cybersecurity disclosures in financial statements. GDPR fines for non-compliance may be upto 22.28 USD million, or if higher, 4% of an organization’s annual turnover.
  • – Pirated software distribution is still possible in the majority of countries through Torrent services. It can infringe intellectual property rights, yet they remain easily accessible online. They are a popular target for cybercriminals looking to distribute malicious code. Kaspersky Lab discovered PirateMatryoshka malware in March 2019, which carries a Trojan-downloader disguised as a hacked version of legitimate software used in everyday PC activity.<

    Key Manufacturers Like 

  • IBM Corporation
  • Cisco Systems Inc.
  • Intel Corporation
  • Symantec Corporation
  • Dell, Inc.
  • BAE Systems
  • Check Point Software Technologies Ltd
  • FireEye Inc.
  • Honeywell International Inc.
  • Verizon Communications Inc..

    Scope of the Report:

  • Advanced threat detection solutions are being employed by firms in industries, like IT, BFSI, manufacturing, and healthcare to detect the trespassers, whose main aim is cybercrime. Various security solutions are being installed by enterprises, which establish network, e-mail, database, and web security. Meanwhile all incidents cannot be prevented, there are measures organizations can take to minimize their attack and lessen the frequency and severity of incidents.

    Incident Response Services market report focuses on the latest trends in the global and regional spaces on all the significant components, including the capacity, cost, price, technology, supplies, production, profit, and competition. Moreover, the old data and present development of the Incident Response Services market have been given in the scope of the report. The latest trends, product portfolio, demographics, geographical segmentation, and regulatory framework of the Incident Response Services market have also been involved in the study.

    Market Dynamics: –

    • Drivers: (Developing regions and growing markets)
    • Limitations: (Regional, Key Player facing Issues, Future Barriers for growth)
    • Opportunities: (Regional, Growth Rate, Competitive, Consumption)

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    Key Questions Answered in Market Report: –

    • What will the market growth rate, Overview and Analysis by Type of Incident Response Services market in 2023?
    • What are the key factors driving, Analysis by Applications and Countries Incident Response Services market?
    • What are Dynamics, This Overview Includes Analysis of Scope, and price analysis of top Vendors Profiles of Incident Response Services ?
    • Who are Opportunities, Risk and Driving Force of Incident Response Services market? Knows Upstream Raw Materials Sourcing and Downstream Buyers
    • Who are the opportunities and threats faced by the vendors in Incident Response Services space? Business Overview by Type, Applications, Gross Margin and Market Share
    • What are the Incident Response Services market opportunities, market risk and market overview of the Market?

    Lastly, the Global Incident Response Services Market Research covers a complete market structure across the world with a comprehensive analysis of major key factors. This report provides planned orientations referred by the industry experts.

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    Study objectives of Incident Response Services Market Report:

    • To provide a detailed analysis of the market structure along with the Incident Response Services market forecast of various segments and sub-segments of the Incident Response Services market
    • To provide insights into factors influencing and affecting market growth
    • To provide historical, current, and forecast revenue of market segments based on material, type, design, and end user
    • To provide historical, current, and forecast revenue of market segments and sub-segments with respect to regional markets and key countries
    • To provide strategic profiling of key players in the market, comprehensively analyzing their market shares, core competencies, and drawing a competitive landscape for the market
    • To provide economic factors, technology and Incident Response Services market trends that influence the global Incident Response Services market

    Detailed TOC of Incident Response Services Market Report 2019-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Introduction to Market Drivers and Restraints
    4.3 Market Drivers
    4.3.1 Rising Security Breaches to Drive the Market
    4.3.2 Increasing Compliance Requirements by Enterprises
    4.4 Market Restraints
    4.4.1 Availability of Pirated Security Solutions
    4.5 Value Chain Analysis
    4.6 Industry Attractiveness – Porter’s Five Forces Analysis
    4.6.1 Threat of New Entrants
    4.6.2 Bargaining Power of Buyers/Consumers
    4.6.3 Bargaining Power of Suppliers
    4.6.4 Threat of Substitute Products
    4.6.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 By Deployment Type
    5.1.1 On-premise
    5.1.2 Cloud
    5.2 By Security Type
    5.2.1 Network Security
    5.2.2 Email Security
    5.2.3 Endpoint Security
    5.2.4 Database Security
    5.2.5 Web Security
    5.3 By End-user Industry
    5.3.1 Information Technology
    5.3.2 BFSI
    5.3.3 Government
    5.3.4 Healthcare
    5.3.5 Retail
    5.3.6 Manufacturing
    5.3.7 Other End-user Industries
    5.4 Geography
    5.4.1 North America
    5.4.2 Europe
    5.4.3 Asia-Pacific
    5.4.4 Latin America
    5.4.5 Middle East & Africa

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 IBM Corporation
    6.1.2 Cisco Systems Inc.
    6.1.3 Intel Corporation
    6.1.4 Symantec Corporation
    6.1.5 Dell, Inc.
    6.1.6 BAE Systems
    6.1.7 Check Point Software Technologies Ltd
    6.1.8 FireEye Inc.
    6.1.9 Honeywell International Inc.
    6.1.10 Verizon Communications Inc.

    7 INVESTMENT ANALYSIS

    8 MARKET OPPORTUNITIES AND FUTURE TRENDS

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