Incident Response Market Size Forecasted To Achieve $109.88 Billion By 2029 With Steady Growth

Incident Response

The Incident Response Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Expected Incident Response Market Size During the Forecast Period?
The size of the incident response market has seen a swift escalation in the past few years. The market’s size is expected to rise from $39.68 billion in 2024 to around $46.81 billion by 2025, with a compound annual growth rate (CAGR) of approximately 18.0%. The historical period’s development may be credited to the increase in cybersecurity threats, regulatory compliance necessities, escalating regularity and complexity of attacks, safeguarding reputation and customer trust, and admitting the inevitability of breaches.

The size of the incident response market is predicted to see spectacular expansion in the coming years. An estimate places it at $109.88 billion by 2029, with a compound annual growth rate (CAGR) of 23.8%. This growth during the forecast period can be attributed to the evolving nature of attack vectors, the integration with threat intelligence, cooperation and information exchange, automation and orchestration abilities, and an emphasis on insider threats. The period is also expected to see key trends such as integrating with endpoint detection and response (EDR), the ability to respond to incidents remotely, a concentration on threat hunting, and incident response as a service (IRaaS).

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What Are the High-Growth Segments in the Incident Response Market?
The incident response market covered in this report is segmented –

1) By Component: Solution, Services
2) By Deployment Mode: Cloud, On-Premise
3) By Organization Size: Small And Medium-Sized Enterprise, Large Enterprises
4) By Security Type: Web Security, Application Security, Endpoint Security, Network Security, Cloud Security
5) By Vertical: Government, HealTH*Care And Life Sciences, Retail And Ecommerce, Travel And Hospitality, Manufacturing, Telecom And IT, Other Verticals

Subsegments:
1) By Solution: Incident Response Platforms, Threat Intelligence Tools, Forensic Tools, Security Information And Event Management (SIEM) Solutions
2) By Services: Managed Incident Response Services, Consulting Services, Training And Awareness Programs, Incident Response Planning And Testing Services

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What Key Drivers Are Expected to Influence Future Incident Response Market Growth?
The surge in cyber-attacks is notably promoting the expansion of the incident response market. A cyber-attack can be defined as a deliberate assault aiming to steal information, disrupt computer operations, or invade a computer system to initiate more attacks. Such attacks are executed by cybercriminals on single or multiple IT networks or computers. The role of incident response is crucial in recognizing and managing cybersecurity attacks. Hence, the escalating number of cyber-attacks is accelerating the expansion of the incident response market. For example, in January 2023, data from Checkpoint, an Israeli company specializing in the provision of IT security software and hardware products, demonstrated a global increase in cyberattacks of 38% in 2022 compared to 2021. Consequently, the ongoing rise in cyber-attacks is expected to drive the future growth of the incident response market.

Which Companies Hold the Largest Share Across Different Incident Response Market Segments?
Major companies operating in the incident response market include Verizon Communications Inc., The International Business Machines Corporation, Cisco Systems Inc., BAE Systems plc, Palo Alto Networks Inc., CrowdStrike Holdings Inc., Check Point Software Technologies, McAfee Corp., Digital Guardian, Kudelski Security, FireEye Inc., RSA Security LLC, Optiv Security Inc., Rapid7, SecureWorks Inc., Tanium Inc., Trustwave Holdings, LogRhythm Inc., Cybereason Inc., RiskIQ, Anomali Inc., Cofense Inc., Swimlane LLC, D3 Security Management Systems Inc., Resolve Systems LLC, NTT Security Holdings, Blackberry Limited, Cynet, Siemplify Ltd.

What Trends Are Driving Growth in The Incident Response Market?
Major players in the incident response market are turning their attention to the provision of set incident response services such as retainers in order to respond to the shortened dwell times of cyber attackers and establish a lead in the market. A retainer refers to a pre-set payment structure for services, guaranteeing access to certain resources or expertise for a defined period. For example, in August 2023, Sophos, a UK-based firm offering cybersecurity as a service, rolled out Sophos Incident Response Retainer, which simplifies access to its fixed-price incident response service with 45 days of round-the-clock Managed Detection and Response (MDR). The service speeds up response rates, enabling Sophos incident responders to promptly tackle active cyber threats. It comes with external vulnerability checks and crucial readiness guidance to proactively boost security resilience. As the time cyber attackers spend within systems decreases, the median dwell time reduces from 10 days to eight days.

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What Are the Emerging Geographies for The Incident Response Market Growth?
North America was the largest region in the incident response market in 2024. The regions covered in the incident response market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Incident Response Market?
2. What is the CAGR expected in the Incident Response Market?
3. What Are the Key Innovations Transforming the Incident Response Industry?
4. Which Region Is Leading the Incident Response Market?

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