Rising demand for threat detection and response services among organizations is expected to drive market expansion shortly at a CAGR of 21.50% during the forecast period 2024 to 2032

Market Research Future (MRFR) has published on the “Global Managed Detection and Response (MDR) Market”.

The Managed Detection and Response (MDR) Market is estimated to register a CAGR of 21.50% during the forecast period of 2024 to 2032.

MRFR recognizes the following companies as the key players in the global Managed Detection and Response (MDR) Market— CrowdStrike (US), Rapid7 (US), Red Canary (US), Arctic Wolf (US), Kudelski Security (Switzerland), SentinelOne (US), Proficio (US), Expel (US), Secureworks (US), Alert Logic (US).

Managed Detection Response Market Highlights

The global Managed Detection and Response (MDR) Market is accounted to register a CAGR of 21.50% during the forecast period and is estimated to reach USD 24.8 billion by 2032.

The growth of the MDR market is fueled by the rise in cyber threats such as ransomware, malware, and phishing attacks. Additionally, the market is driven by the scarcity of skilled cybersecurity professionals, necessitating the adoption of MDR services for their advanced threat detection and response capabilities.

Segment Analysis

The global Managed Detection and Response (MDR) Market has been segmented based on the Security Type, Deployment Mode, Organization Size, and Vertical.

Based on the Security Type, the market is segmented into Endpoint Security, Network Security, Cloud Security, and Other Security Types. The Cloud Security segment was attributed to holding the largest market share in 2023. As businesses increasingly move their operations and data to cloud environments, they face distinct security challenges due to the decentralized nature of these setups. The cloud security segment of the MDR market addresses these issues by offering specialized solutions tailored to detect, monitor, and respond to threats that target cloud infrastructure, applications, and data. By harnessing advanced technologies such as artificial intelligence, machine learning, and automation, these solutions provide organizations with comprehensive visibility and proactive threat detection capabilities across their cloud environments. With cloud adoption rates soaring and cyber threats growing more sophisticated, there is a growing demand for cloud security services within the MDR market as businesses prioritize safeguarding their cloud-based assets.

Based on the Deployment Mode, the Managed Detection and Response (MDR) Market has been segmented into On-premises and Cloud. The Cloud segment was expected to hold the largest market share in 2023. As organizations increasingly shift their operations and data to the cloud, they are actively seeking robust security solutions to safeguard their digital assets. Managed Detection and Response (MDR) services delivered via the cloud provide these organizations with scalability, flexibility, and centralized management, ensuring comprehensive protection against evolving cyber threats. The inherent resilience and redundancy of cloud infrastructure enhance the reliability and availability of MDR services, which is driving the widespread adoption of cloud-based deployment models. As businesses prioritize cloud technologies to drive innovation and operational efficiency, the cloud segment is expected to see significant growth in the foreseeable future, solidifying its position as the preferred deployment mode for MDR solutions.

Based on the Organization Size, the Managed Detection and Response (MDR) Market has been segmented into Large Enterprises and SMEs. The SMES segment was expected to hold the largest market share in 2023. As small and medium-sized enterprises (SMEs) increasingly integrate digital tools and connect their operations, they confront a range of cyber threats such as malware, phishing, and ransomware attacks. Many SMEs lack the resources and expertise to implement comprehensive cybersecurity measures internally. Managed Detection and Response (MDR) services offer a practical solution by providing SMEs with access to advanced threat detection, continuous monitoring, and expert incident response capabilities through subscription-based models. This enables SMEs to bolster their security defenses without requiring significant upfront investments or dedicated cybersecurity personnel. With cybersecurity becoming a top priority for SMEs seeking to safeguard their operations and data, the SME segment is poised to dominate the MDR market landscape.

Based on the Vertical, the Managed Detection and Response (MDR) Market has been segmented as BFSI, IT and ITeS, Government, Energy and Utilities, Manufacturing, Healthcare, Retail, and Other Verticals. The BFSI segment was expected to hold the largest market share in 2023. The BFSI sector handles highly sensitive financial transactions, customer data, and intellectual property, making it a primary target for cyberattacks aimed at financial theft, data compromise, or disrupting services. In this critical context, MDR services are indispensable, offering continuous monitoring and rapid incident response capabilities to swiftly detect and mitigate threats. This proactive approach helps safeguard valuable assets and ensures trust with customers.

Regional Analysis

The global Managed Detection and Response (MDR) Market, based on region, has been divided into North America, Europe, Asia-Pacific, and the Rest of the World. North America consists of the US and Canada. The Europe Managed Detection and Response (MDR) Market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Managed Detection and Response (MDR) Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Managed Detection and Response (MDR) Market comprises the Middle East, Africa, and Latin America.

The largest market share for the Managed Detection and Response (MDR) Market was maintained by the North American regional sector. North America, particularly the United States, stands at the forefront globally in terms of cybersecurity awareness, investment, and innovation. The region contends with a substantial volume of sophisticated cyber threats driven by its expansive economy, extensive digital infrastructure, and significant concentration of technology-driven industries. In the first half of 2022 alone, cybercrime affected approximately 53.35 million US citizens. Moreover, from July 2020 to June 2021, the US ranked as the most targeted country worldwide for cyber attacks, accounting for 46% of all attacks. This heightened risk environment underscores the strong demand for Managed Detection and Response (MDR) services, which provide advanced threat detection, continuous monitoring, and rapid incident response capabilities to mitigate these pervasive cybersecurity risks.

Moreover, the Europe market has been persistently growing over the forecast period. Europe is undergoing a rapid transition towards cloud computing, digital transformation, and the adoption of IoT devices. In 2022, 70% of all EU businesses achieved a basic level of digital intensity. Among SMEs, this figure was 69%, which is approximately 20 percentage points below the EU's 2030 target, while large businesses reached 98%. Large businesses notably had higher levels of very high (30%) and high digital intensity (54%). In contrast, SMEs lagged, with only 4% achieving a very high level and 27% reaching a high level of digital intensity. A significant majority of SMEs reported low (38%) or very low (31%) levels of digital intensity. While these technologies enhance operational efficiency and foster innovation, they also expand the attack surface for cyber threats. Cloud-based MDR solutions are ideally positioned to monitor and safeguard these dynamic environments, offering centralized visibility and security across cloud platforms, applications, and endpoints.

The Asia Pacific region is poised to experience significant growth driven by expansive digital transformation initiatives and the rapid expansion of its digital ecosystem. As countries across Asia embrace digitalization, fueled by increasing internet penetration, widespread smartphone adoption, and growing utilization of cloud services, the region becomes a hub for technological innovation and economic development. By 2047, India is projected to emerge as an economic powerhouse with an estimated GDP of US$ 26 trillion, boasting the world's largest, youngest, and most digitally savvy population by 2023. With over a billion mobile phones and 700 million internet connections, India has witnessed exponential growth in digital commerce, entertainment, and social media use. According to a report by Oliver Wyman and NASSCOM, cloud technology is expected to contribute 8% to India’s GDP by 2026, potentially boosting GDP by US$ 310-380 billion and creating 14 million jobs. A concerted effort is anticipated to drive a continuous 25-30% increase in cloud investments over the next five years, aiming to reach US$ 18.5 billion by 2026, thereby unlocking the full potential of the cloud market. Against the backdrop of an evolving threat landscape and heightened awareness of cybersecurity risks, organizations in the Asia Pacific region are prioritizing investments in robust security solutions such as Managed Detection and Response (MDR). Governments and businesses alike recognize the critical need to safeguard digital assets against cyber threats. Consequently, the Asia Pacific region emerges as a pivotal growth engine in the MDR market, driving innovation and resilience in cybersecurity strategies.

Furthermore, the rest of the world's Managed Detection and Response (MDR) Market is divided into the Middle East, Africa, and Latin America. The MEA & LATAM regions confront a diverse and increasingly severe cyber threat landscape, encompassing ransomware attacks, data breaches, phishing scams, and targeted cyber espionage across sectors such as banking, healthcare, government, and energy. In 2022, Latin America and the Caribbean, including Brazil, encountered more than 360 billion attempted cyber-attacks, as reported by FortiGuard Labs. Mexico bore the highest-burden with 187 billion attacks, followed by Brazil with 103 billion, highlighting the pervasive nature of cyber threats faced in Brazil. These escalating threats underscore the growing demand for robust cybersecurity solutions like Managed Detection and Response (MDR) services. MDR services are essential for providing proactive threat detection, continuous monitoring, and rapid incident response capabilities to mitigate the impact of these sophisticated cyber attacks.

Key Findings of the Study

• The Global Managed Detection and Response (MDR) Market is expected to reach USD 24.8 billion by 2032, at a CAGR of 21.50% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market owing to the rapid adoption of digital technologies, increasing cyber threats, and expanding investments in cybersecurity infrastructure.


• Based on Organization Size, the SMES segment was attributed to holding the largest market in 2023.


• CrowdStrike (US), Rapid7 (US), Red Canary (US), Arctic Wolf (US), Kudelski Security (Switzerland), SentinelOne (US), Proficio (US), Expel (US), Secureworks (US), and Alert Logic (US) are the key market players.