Incident Response System Market by Type and Geography - Forecast and Analysis 2022-2026

The predicted growth for the incident response system market share from 2021 to 2026 is USD 112.04 million at a progressing CAGR of 19.07%.

This incident response system market forecast report extensively covers segmentations by:

• Type - Surveillance systems, backup and disaster recovery solutions, geospatial technologies, and threat management systems
• Geography - North America, Europe, APAC, South America, and Middle East and Africa

This incident response system market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. The incident response system market report offers information on several market vendors, including Accenture Plc, Acronis International GmbH, AO Kaspersky Lab, BAE Systems Plc, Broadcom Inc., Check Point Software Technologies Ltd., Cisco Systems Inc., CrowdStrike Holdings Inc., Elbit Systems Ltd., FireEye Inc., Fujitsu Ltd., Honeywell International Inc., HP Inc., International Business Machines Corp., Lockheed Martin Corp., McAfee Corp., Palo Alto Networks Inc., Rapid7 Inc., Raytheon Technologies Corp., and Verizon Communications Inc. among others.

What will the Incident Response System Market Size be During the Forecast Period?

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Incident Response System Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The rise in terrorist activities is notably driving the incident response system market growth, although factors such as high initial costs of systems may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the incident response system industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Incident Response System Market Driver

• The rise in terrorist activities is one of the key drivers supporting the incident response system market growth.
• For instance, in August 2021, the worst terrorist attack occurred in Kabul, Afghanistan. A suicide bomber detonated a bomb at Kabul International Airport, causing 170 fatalities. Afghanistan was the location of six of the 20 worst terrorist attacks in 2021.
• Anti-terrorism organizations are adopting advanced surveillance technologies, such as unmanned aerial vehicles (UAVs) and drones, for monitoring terrorist activities. 
• Despite the challenges that the vendors faced during COVID-19, they still continued to develop new products.
• For instance, in August 2020, Elbit Systems integrated the data supplied by Sintelas fiber optics-based Linear Ground Detection Systems (LGDS) into its TORCH Command & Control system used by the United States Border Patrol (USBP). Therefore, such developments drive the growth of the global incident response system market during the forecast period.

Key Incident Response System Market Trend

• The emergence of wireless IP surveillance is one of the key incident response system market trends contributing to market growth.
• Wireless IP surveillance is an easily deployable and highly affordable technology that combines IP video surveillance and wireless data transmission technologies to overcome various challenges, such as a lack of network infrastructure and connectivity in remote locations.
• Wireless IP surveillance is a robust and flexible solution that allows surveillance cameras to connect to wireless point-to-multipoint connectivity for easy data transmission to remote locations.
• Wireless IP surveillance secures the perimeter of buildings and monitoring warehouse loading docks Therefore, the growing adoption of wireless IP surveillance systems will drive the growth of the incident response system market in focus during the forecast period.

Key Incident Response System Market Challenge

• High initial costs of systems is one of the factors challenging the incident response system market growth.
• The setting up of incident protection solutions requires significant investments that can reach tens of thousands of dollars, which is a challenge for small and medium-sized organizations.
• Organizations must also bear the additional cost of replacing and upgrading incident response systems periodically.
• Enterprises should invest in security solutions that are more automated and can flag anomalies within a short time, as new-age hackers can easily circumvent traditional security features such as firewalls.
• The maintenance of on-premises data security solutions requires in-house IT administration staff to manage and control issues, which will result in high implementation costs. Therefore, this increases the total cost of ownership (TCO) for incident response systems, which can pose a major challenge for the incident response system market growth during the forecast period.

This incident response system market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global incident response system market as a part of the global systems software market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the incident response system market during the forecast period.

Who are the Major Incident Response System Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

• Accenture Plc
• Acronis International GmbH
• AO Kaspersky Lab
• BAE Systems Plc
• Broadcom Inc.
• Check Point Software Technologies Ltd.
• Cisco Systems Inc.
• CrowdStrike Holdings Inc.
• Elbit Systems Ltd.
• FireEye Inc.
• Fujitsu Ltd.
• Honeywell International Inc.
• HP Inc.
• International Business Machines Corp.
• Lockheed Martin Corp.
• McAfee Corp.
• Palo Alto Networks Inc.
• Rapid7 Inc.
• Raytheon Technologies Corp.
• Verizon Communications Inc.

 

This statistical study of the incident response system market encompasses successful business strategies deployed by the key vendors. The incident response system market is fragmented and the vendors are deploying growth strategies such as product features, pricing, customization, and other services offered to compete in the market.

Product Insights and News

• Kaspersky.com - The company offers Kaspersky Incident Response which provides the entire incident investigation cycle to completely eliminate the threat to the organization.
• Baesystems.com - The company offers Cyber Incident Response services that combine technical skills with strategic guidance to ensure that organization makes the right decisions at the right times to limit the impact of the attack.
• Broadcom.com - The company offers Product Security Incident Response that manages the receipt, investigation and internal coordination of security vulnerability information related to Brocade Fibre Channel technology products from Broadcom.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The incident response system market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Incident Response System Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the incident response system market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Incident Response System Market?

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41% of the market's growth will originate from North America during the forecast period. The US and Canada are the key markets for the incident response system market in North America. Market growth in this region will be slower than the growth of the market in APAC.

Increased awareness among organizations of the benefits of the deployment of security solutions will facilitate the incident response system market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The regional incident response system market witnessed a slowdown in 2020 due to the outbreak of COVID-19. However, by 2021, the demand for new incident response systems rebounded as regional end-user activities picked up due to the initiation of large-scale COVID-19 vaccination drives. These factors will, thus, drive the growth of the regional incident response system market during the forecast period.

What are the Revenue-generating Type Segments in the Incident Response System Market?

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The incident response system market share growth by the surveillance systems segment will be significant during the forecast period. The introduction of advanced technologies like thermal cameras, wireless surveillance systems, and IP video surveillance systems will contribute to the growth of the incident response system market in this segment during the forecast period. Moreover, the increase in criminal activities in government organizations and enterprises is a major factor driving the adoption of surveillance systems. Such driving factors will propel the segment growth in the coming years.

This report provides an accurate prediction of the contribution of all the segments to the growth of the incident response system market size and actionable market insights on post COVID-19 impact on each segment.

You may be interested in:

Interactive Voice Response System market - The market size has the potential to grow by USD 2.61 billion during 2021-2025, and the market's growth momentum will accelerate at a CAGR of 9.78%. 

Endpoint Detection and Response market - The market share is expected to increase by USD 1.06 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 10.09%.

Critical Incident Monitoring UAV market - The market share is expected to increase by USD 1.72 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 17.33%.

Incident Response System Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 19.07%
Market growth 2022-2026	$ 112.04 million
Market structure	Fragmented
YoY growth (%)	17.03
Regional analysis	North America, Europe, APAC, South America, and Middle East and Africa
Performing market contribution	North America at 41%
Key consumer countries	US, Canada, China, India, and UK
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Accenture Plc, Acronis International GmbH, AO Kaspersky Lab, BAE Systems Plc, Broadcom Inc., Check Point Software Technologies Ltd., Cisco Systems Inc., CrowdStrike Holdings Inc., Elbit Systems Ltd., FireEye Inc., Fujitsu Ltd., Honeywell International Inc., HP Inc., International Business Machines Corp., Lockheed Martin Corp., McAfee Corp., Palo Alto Networks Inc., Rapid7 Inc., Raytheon Technologies Corp., and Verizon Communications Inc.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Incident Response System Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive incident response system market growth during the next five years
• Precise estimation of the incident response system market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the incident response system industry across North America, Europe, APAC, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of incident response system market vendors

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