Incident Response Market Size Hit USD 119.39 Billion at a CAGR of 21.3%, in 2030
Increasing usage of social media platforms due to rising penetration of internet and rising incidents of security breaches is driving incident response market revenue growth Market Size – USD 17.70 Billion in 2020, Market Growth – at a CAGR of 21.3%, Market Trends – High demand from BFSI sector The global incident response market size is expected to reach USD 119.39 Billion in 2030 and register a revenue CAGR of 21.3% over the forecast period, according to the latest report by Reports and Data. Rising trend of cloud computing and Bring Your Own Devices (BYOD), coupled with advancements in cyber security technologies is driving incident response market revenue growth. Incident response is a systematic process of managing and addressing security breaches or violations. The process aims to control situation by limiting potential damage caused by cyberattacks or security breaches. Incident response safeguards an organization from cyberattacks that have a significant impact on organi