Global Incident Response System Market 2016-2020
About Incident Response
Incident response is a synchronized effort to address and manage an attack or a security breach after detection. It helps restrict the damage and cut recovery costs and time. An incident response system comprises a response plan that should be followed by the occurrence of an incident. Organization members from departments such as IT staff, security, public relation, and human resource are involved in the plan.
Technavio’s analysts forecast the global incident response system market to grow at a CAGR of 12.99% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global incident response system market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales geospatial technologies, backup and disaster recovery solutions, threat management solutions, and surveillance systems.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Incident Response System Market 2016-2020
Technavio recognizes the following companies as the key players in the global incident response system market: Amazon, Cisco Systems, Honeywell International, IBM, Lockheed Martin, and Rockwell Collins.
Other Prominent Vendors in the market are: Acronis, Asigra, Fujitsu, Nasuni, NetApp, DFLabs, Hexadite, FireEye, HP, Veritas Technologies, and Commvault.
Commenting on the report, an analyst from Technavio’s team said: “There is scope for M&A as the market is fragmented with the presence of numerous small vendors that mostly operate in niche markets. As the threat management market is technology-driven, large vendors use the technology at their disposal to enter the market. Several large vendors such as Cisco Systems and Fortinet have shown this trend, which will continue in the future. Vendors that do not have a strong presence in the market will increase their acquisition spree as the competition to provide integrated solutions becomes intense.”
According to the report, one of the key drivers for market growth will be rise in high-profile data breaches. With the changing IT environment, attackers have found new ways to access valuable information and disrupt businesses. Increased dependency on web applications leads to an unprecedented rise in cyber-attacks, including advanced persistent threats. The high dependency on web applications for online purchases and related activities has led to an increase in identity theft. In addition, with the emergence of social networking sites, it has become easy for attackers to extract users' information.
Further, the report states that the initial cost of protection equipment and surveillance systems is very high. The setting up of incident protection solutions demands significant investments that can reach tens of thousands of dollars, which is a challenge for small and medium-sized organizations. Organizations have to also bear the additional cost of frequent replacements and upgrading of incident response systems. With the introduction of a number of new protection equipment and surveillance system technologies in the market, there will also be a need for skilled professional expertise. A large amount of money is spent on the IT infrastructure of enterprises and partner systems to achieve an integrated flow of information. This increases the TCO for incident response systems, which can pose a major challenge to the market.
Amazon, Cisco Systems, Honeywell International, IBM, Lockheed Martin, Rockwell Collins, Acronis, Asigra, Fujitsu, Nasuni, NetApp, DFLabs, Hexadite, FireEye, HP, Veritas Technologies, Commvault.