Managed Detection and Response Market worth $5.6 billion by 2027

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CHICAGO, May 20, 2022 /PRNewswire/ — According to a research report Managed Detection and Response (MDR) Market by Security Type (Network, Endpoint, Cloud), Deployment Mode (On-Premises and Cloud), Organization Size (SMEs and Large Enterprises), Vertical, and Region – Global Forecast to 2027“, published by MarketsandMarkets™, the global MDR market size is expected to grow from an estimated value of USD 2.6 billion in 2022 to USD 5.6 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 16.0% from 2022 to 2027. Growing incidents of business email compromises, ransomware, crypto jacking technological advancements, stringent government regulations and compliances, and increasing instances of internal and external security breaches and attacks are some of the factors that are driving the market growth.

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By deployment mode, cloud segment is to hold a larger market size during the forecast period

Based on deployment mode, the MDR market is segmented into two…

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