Managed Detection and Response Market: Driving Factors, Industry Growth, Key Vendors And Forecasts T

Mnmlatesttrends17 Jul, 2024Technology

The global MDR market size is projected to grow from USD 3.3 billion in 2023 to USD 9.5 billion by 2028, at a Compound Annual Growth Rate (CAGR) of 23.3% during the forecast period, according to a new report by MarketsandMarkets?. The MDR market is driven by factors such as the rise in cyber threats like business email compromise, ransomware, and crypto-jacking, addressing the cybersecurity skills gap and alert volumes, government regulations promoting compliance, and the increasing presence of IoT devices.