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Incident Response Market is expected to propel US$ 36.76 Bn by 2026 with a CAGR of 20.3% in the forecasting period 2018-2026.

Incident Response Market

The Incident Response Market is segmented by component, security type, organization size, deployment mode, industry, and region. Based on the organization size, Small and medium-sized enterprises (SMEs) are gaining growth in the market, as they are vulnerable towards the cyber-attacks and data breaches.

Incident response is referred to an organized approach to addressing and managing the repercussion of a security breach or any cyber-attack. These are also known as computer incident, security incident, or an IT incident. The main objective here is to handle this situation that limits damage and diminishes recovery time as well as costs.

Ideally, incident response actions are conducted usually by the organization’s computer security incident response team also known as CSIRT, previously being selected to include information security, general IT staff, and C-suite level members. The team or this group may also include representatives from human resources, public relations, and legal departments.

Incident response planning also known as IRP has established itself as an effective strategy for companies to handle cyber-security incidents, minimize the impact of post-occurrence, and strengthening defenses against future incidents. Stringent government regulations, change in compliance requirements, growth in the sophistication level of cyber-attacks, and heavy financial losses post-occurrence have resulted in enterprises to adopt various incident response solutions.

The banking, financial services, and insurance or BFSI will form one of the fastest growing industry in the Incident Response Market. There are several stringent legal and regulatory compliances to be met by BFSI that are directly associated with information security thus resulting in BFSI forming a key segment for the Incident Response Market.

By geography, the incident response market can be segmented into North America, Europe, Asia Pacific, Middle East, and Latin America. North America is expected to hold the largest market size in 2017.

key players operated in market are IBM (US), Symantec (US), Verizon (US), BAE Systems (UK), NTT Security (Germany), Trustwave (US), Cisco Systems (US), Check Point Software Technologies (Israel), FireEye (US), Rapid7 (US), Dell (US), CrowdStrike (US), McAfee (US), Optiv (US), Resolve Systems (US), Kudelski Security (Switzerland), Swimlane (US), LogRhythm (US), Carbon Black (US), RiskIQ (US), Accenture (Ireland), AlienVault (US), Kaspersky Lab (Russia), Paladion Networks (India), and Coalfire (US).

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Scope of Global Incident Response Market:

Global Incident Response Market by Component:
• Solution
• Services

Global Incident Response Market by Security Type:
• Web Security
• Application Security
• Endpoint Security
• Network Security
• Cloud Security

Global Incident Response Market by Organization Size
• Small and Medium-sized Enterprises (SMEs)
• Large Enterprises

Global Incident Response Market by Deployment Mode
• Cloud
• On-Premises

Global Incident Response Market by Industry
• BFSI
• Government
• Healthcare and Life Sciences
• Retail and E-Commerce
• Travel and Hospitality
• Manufacturing
• IT and Telecommunication
• Others

Global Incident Response Market by Region
• North America
• Asia-Pacific
• Europe
• Latin America
• Middle East & Africa

key players operated in market:
• IBM (US)
• Symantec (US)
• Verizon (US)
• BAE Systems (UK)
• NTT Security (Germany)
• Trustwave (US)
• Cisco Systems (US)
• Check Point Software Technologies (Israel)
• FireEye (US)
• Rapid7 (US)
• Dell (US)
• CrowdStrike (US)
• McAfee (US)
• Optiv (US)
• Resolve Systems (US)
• Kudelski Security (Switzerland)
• Swimlane (US)
• LogRhythm (US)
• Carbon Black (US)
• RiskIQ (US)
• Accenture (Ireland)
• AlienVault (US)
• Kaspersky Lab (Russia)
• Paladion Networks (India)
• Coalfire (US).