Incident Response Market Research Report: By Service Offering Type (Managed Incident Response, Professional Incident Response, Incident Response Consulting, Incident Response Training), By Deployment Model (On-premises, Cloud-based, Hybrid), By Industry Application (Manufacturing, Healthcare, Finance, Retail, Government, Education), By Response Time (Immediate (15 minutes or less), Within 4 hours, Within 12 hours, Within 24 hours), By incident severity (Critical, High, Medium, Low) and By Region (North America, Europe, South America, Asia P

Incident Response Market Overview

Incident response market size was estimated at 21.33 (USD Billion) in 2022. The incident response market industry is expected to grow from 23.83(USD Billion) in 2023 to 64.6 (USD Billion) by 2032. The incident response market CAGR (growth rate) is expected to be around 11.72% during the forecast period (2024-2032).

Key Incident Response Market Trends Highlighted

Key market drivers for the Incident Response Market include rising cyber threats, increasing adoption of cloud and IoT devices, and stringent regulatory compliance requirements. Opportunities in the market arise from the development of AI-powered incident response solutions, the integration of threat intelligence, and the need for managed incident response services.

Recent trends highlight the growing adoption of cloud-based incident response platforms, the use of automation to streamline incident management, and the focus on proactive incident prevention and preparedness. By leveraging these trends, market participants can capture opportunities and gain a competitive edge in the evolving Incident Response Market.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Incident Response Market Drivers

Growing Adoption of Cloud and SaaS Applications

One of the key trends in the Incident Response Market is a growing adoption of cloud and software-as-a-service (SaaS) applications. These are expected to continue growing over the next few years as more businesses are expected to run their operations from the cloud.

As such, the demand for incident response services will also continue to grow as businesses seek to defend their cloud-based assets. In summary, it could be stated that the Incident Response Market will continue to grow over the forecast period because of the growing use of cloud-based and SaaS applications.

The deployment of cloud-based incident response has several benefits to the businesses that deploy it. Some of the main benefits are that these are easily deployable, cost-effective, flexible, and easily scalable. As such, more and more businesses are deploying the cloud-based incident response to protect their data.

Most leading businesses have already deployed these systems, and new businesses are also following suit. Other businesses are also deploying software-as-a-service applications, which are in most cases integrated with leading cloud services.

Increasing Frequency and Sophistication of Cyberattacks

The escalation of cyberattacks in terms of frequency and sophistication is observed in the given period. This increase is expected to take place in the upcoming years since tendencies suggest that as incidents grow more refined, the experts that stand behind them also implement new tools to influence business operations.

Such shifts prompt the expansion of businesses’ interest in facilities that allow responding to these attacks. Thus, the overwhelming demand resulting from the growth of tendencies in the number and complexity of cyberattacks is one of the primary drivers of growth in the Incident Response Market. In other words, as firms generate an increased interest in acquiring tools to address the issue, the market in question grows.

Growing Regulatory Compliance Requirements

There are growing regulatory compliance requirements for businesses to protect their data and systems from cyberattacks. These requirements are becoming more stringent in many countries, and businesses that fail to comply can face significant fines and penalties.

As a result, businesses are increasingly looking for ways to improve their security posture, and incident response services are a key part of this strategy. The growing regulatory compliance requirements are also propelling the growth of the Incident Response Market.

Governments across the globe are implementing stringent regulations to protect sensitive data and critical infrastructure from cyber threats. These regulations mandate organizations to have a comprehensive incident response plan in place, which is driving the demand for incident response services.

Incident Response Market Segment Insights

Incident Response Market Service Offering Type Insights

The market is segmented by service offering type into managed incident response, professional incident response, incident response consulting, and incident response training. Among these segments, managed incident response is expected to hold the largest market share in 2023 and is projected to continue its dominance throughout the forecast period. The growth of the segment is attributed to the increasing adoption of managed security services by organizations to enhance their security posture and reduce the risk of cyberattacks.

Professional incident response is another significant segment and is expected to grow at a stable growth rate throughout the forecast period. This segment encompasses services such as incident investigation, containment, and eradication, which are essential for organizations to detect, analyze, and respond to cyberattacks.

Incident response consulting and incident response training are two other segments that will contribute to the growth of the global market throughout the forecast period. With incident response consulting services, organizations can design and implement an incident response plan and procedures. Incident response training services provide organizations with the required skills and knowledge to respond to and manage cyberattacks.

The Incident Response Market will grow significantly throughout the forecast period, as the frequency and sophistication of cyberattacks increase, more organizations choose to protect themselves by dedicating more resources to preventing them, cloud computing technology and IoT devices continue to gain popularity, and regulatory compliance requirements are on the rise.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Incident Response Market Deployment Model Insights

The Incident Response Market is segmented by deployment model comprising on-premises, cloud-based, and hybrid. Owing to the increasing adoption of cloud computing services in many businesses, the cloud-based segment is anticipated to dominate the market in 2023.

The on-premises segment is projected to hold a considerable market share, as several businesses prefer to have their incident response system on-premises to better manage security issues. The hybrid segment is anticipated to grow at a significant rate as businesses continue to adopt their incident response in containers.

The market will have realized a revenue of $23.83 billion in 2023. This market growth is primarily driven by the increased number of cyberattacks. Businesses are required to shield their data and systems from these threats, thus contributing to the growth of the market.

Incident Response Market Application Insights

The Incident Response Market is segmented into various industry applications, including manufacturing, healthcare, finance, retail, government, and education. The manufacturing sector held a significant market share in 2023 and is expected to maintain its dominance throughout the forecast period.

Expanding adoption of automation and the growing complexity of manufacturing processes are driving the demand for incident response solutions in this sector. The Healthcare segment is another major contributor to the market revenue, with the rising need for data protection and compliance in the healthcare industry.

The finance sector is also witnessing a growing demand for incident response solutions due to the increasing number of cyberattacks targeting financial institutions. The retail segment is expected to experience significant growth in the coming years, as retailers face challenges related to omnichannel operations and supply chain disruptions. The Government and Education sectors are also investing in incident response solutions to protect their critical infrastructure and sensitive data.

Incident Response Market Response Time Insights

The Incident Response Market is segmented by response time into four categories: immediate (15 minutes or less), within 4 hours, within 12 hours, and within 24 hours. The immediate (15 minutes or less) segment is the fastest-growing segment of the market, as businesses recognize the importance of a rapid response to cyberattacks. This segment is expected to reach USD 10.45 billion by 2024, with a CAGR of 12.5%.

The within 4 hours segment is also expected to experience strong growth, as businesses seek to minimize the impact of cyberattacks. This segment is expected to reach USD 8.92 billion by 2024, with a CAGR of 11.9%. The within 12 hours and within 24 hours segments are expected to experience more moderate growth, as businesses seek to balance the need for a rapid response with the cost of incident response services. These segments are expected to reach USD 6.54 billion and USD 4.51 billion by 2024, respectively.

With the increasing sophistication of cyber threats, the ability to respond to incidents quickly and effectively is more critical than ever before. This has led to a growing demand for incident response services, particularly those that can provide a rapid response time. According to IBM's 2023 Cost of a Data Breach Report, the average cost of a data breach has risen to USD 4.35 million, up from USD 4.24 million in 2022.

This has led businesses to recognize the importance of having a robust incident response plan in place. The response time is a critical factor in minimizing the impact of a cyberattack. The faster an incident is detected and responded to, the less damage it can cause. For this reason, many businesses are seeking incident response services that can provide a rapid response time.

Incident Response Market incident severity Insights

The incident severity segment plays a crucial role in shaping the Incident Response Market landscape. Critical incidents, characterized by immediate threats to life, property, or critical business functions, account for a significant portion of the market revenue.

In 2023, the critical incident severity segment held a dominant market share of approximately 45%, translating to a revenue of around USD 10.7 billion. High-severity incidents, involving major disruptions or potential data breaches, follow closely with a market share of 30%, representing a revenue of approximately USD 7 billion.

Medium-severity incidents, which require prompt attention but pose less immediate risk, account for around 20% of the market share, generating revenue of approximately USD 4.6 billion. Low-severity incidents, typically involving minor disruptions or system errors, account for the remaining 5% of the market share, contributing revenue of around USD 1.15 billion. The market growth for incident response services is expected to remain steady in the coming years, driven by the increasing adoption of cloud computing, the proliferation of connected devices, and the growing threat landscape.

Incident Response Market Regional Insights

The Incident Response Market is segmented into North America, Europe, Asia-Pacific (APAC), South America, and the Middle East and Africa (MEA). North America accounted for the largest market share in 2023 and is projected to continue to dominate the market throughout the forecast period.

The growth of the North American market is attributed to the increasing adoption of cloud-based incident response solutions, the rising number of cyberattacks, and the presence of major vendors in the region. Europe is the second-largest market for incident response solutions and is expected to grow at a significant rate during the forecast period.

The growth of the European market is driven by the increasing adoption of managed security services, the growing awareness of cybersecurity threats, and the implementation of stringent data protection regulations.

APAC is expected to witness the highest growth rate during the forecast period. The growth of the APAC market is attributed to the increasing adoption of digital technologies, the rising number of cyberattacks, and the growing awareness of cybersecurity threats. The South American and MEA markets are expected to grow at a moderate rate during the forecast period. The growth of these markets is attributed to the increasing adoption of incident response solutions, the rising number of cyberattacks, and the growing awareness of cybersecurity threats.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Incident Response Market Key Players and Competitive Insights

Major players in the incident response market are continuously developing and launching advanced solutions to cater to the evolving needs of customers. Leading players are investing heavily in research and development to enhance the capabilities of their offerings.

The incident response market development is driven by the increasing adoption of cloud and mobile technologies, which has led to a rise in the number of cyberattacks. The competitive landscape of the Incident Response Market is characterized by the presence of both established players and emerging startups.

A leading company in the market is Mandiant, a global leader in incident response and threat intelligence. Mandiant offers a range of services, including incident response, threat intelligence, and security consulting. The company has a team of experienced incident responders who are available 24/7 to help customers respond to cyberattacks.

Mandiant also has a global network of threat intelligence analysts who track the latest threats and provide insights to customers. The company's solutions are used by a wide range of organizations, including Fortune 500 companies, government agencies, and financial institutions.

Another player is FireEye, a leading provider of cybersecurity solutions. FireEye offers a range of incident response services, including incident investigation, threat containment, and malware analysis. The company has a team of experienced incident responders who are available to help customers respond to cyberattacks.

FireEye also has a global network of threat intelligence analysts who track the latest threats and provide insights to customers. The company's solutions are used by a wide range of organizations, including Fortune 500 companies, government agencies, and financial institutions.

Key Companies in the Incident Response Market Include

• ESET


• IBM


• FireEye


• Proofpoint


• Symantec


• CrowdStrike


• McAfee


• Rapid7


• Mandiant


• Trend Micro


• RSA


• Verizon


• ThreatConnect


• Sophos


• Microsoft

Incident Response Market Developments

The incident response market is projected to reach USD 64.6 Billion by 2032, exhibiting a CAGR of 11.72% during the forecast period of 2024-2032. Recent advancements in threat detection and response technologies, such as AI and ML, are driving market growth. The increasing adoption of cloud computing and the growing number of cyberattacks are also contributing to the market's expansion.

Key players in the market include IBM, FireEye, Mandiant, and Palo Alto Networks. These companies are investing heavily in research and development to stay ahead of the competition. The market is expected to witness significant growth in the coming years, as organizations become more aware of the importance of incident response and invest in solutions to protect their data and systems.

Incident Response Market Segmentation Insights

Incident Response Market Service Offering Type Outlook

• Managed Incident Response


• Professional Incident Response


• Incident Response Consulting


• Incident Response Training

Incident Response Market Deployment Model Outlook

• On-premises


• Cloud-based


• Hybrid

Incident Response Market Application Outlook

• Manufacturing


• Healthcare


• Finance


• Retail


• Government


• Education

Incident Response Market Response Time Outlook

• Immediate (15 minutes or less)


• Within 4 hours


• Within 12 hours


• Within 24 hours

Incident Response Market incident severity Outlook

• Critical


• High


• Medium


• Low

Incident Response Market Regional Outlook

• North America


• Europe


• South America


• Asia Pacific


• Middle East and Africa