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At a CAGR of 20.3% Incident Response Market will reach $33.76 billion by 2023 from $13.38 billion in 2018

(PresseBox) (Magarpatta, Hadapsar, Pune, )
According to new market research report "Incident Response Marketby Component (Solution and Services), Service (Retainer, Assessment and Response, and Planning and Development), Security Type, Organization Size, Deployment Mode, Vertical and Region - Global Forecast to 2023", The incident response market is expected to grow from USD 13.38 billion in 2018 to USD 33.76 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 20.3% during the forecast period.

The major factors driving the incident response market include heavy financial losses post incident occurrence, rise in security breaches targeting enterprises, and need to adhere to compliance requirements.

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