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Managed Detection and Response (MDR) Market worth $11.8 billion by 2029- Exclusive Report by MarketsandMarkets™

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CHICAGO, June 11, 2024 /PRNewswire/ — The global Managed Detection and Response (MDR) Market is estimated to be worth USD 4.1 billion in 2024 and is projected to reach USD 11.8 billion by 2029, at a CAGR of 23.5% during the forecast period, according to a new report by MarketsandMarkets™. The Managed Detection and Response (MDR) Market is driven by the increasing complexity of cyber threats and the necessity for businesses to maintain robust, real-time security without significant investment in in-house resources.

Browse in-depth TOC on “Managed Detection and Response (MDR) Market”

313 – Tables
42 – Figures
270 – Pages

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Scope of the Report

Report Metrics

Details

Market size available for years

2018-2029

Base year considered

2023

Forecast period

2024-2029

Forecast units

Value (USD) Billion

Segments Covered

By security type, deployment mode, organization size, vertical and region

Region covered

North America, Europe, Asia Pacific, Middle East and Africa, and Latin America

Companies covered

CrowdStrike (US), Rapid7 (US), Red Canary (US), Arctic Wolf (US), Kudelski Security (Switzerland), SentinelOne (US), Proficio (US), Expel (US), Secureworks (US), Alert Logic (US), Trustwave (US), Mandiant (US), Binary Defense (US), Sophos (UK), eSentire (Canada), Deepwatch (US), Netsurion (US), GoSecure (Canada), LMNTRIX (Australia), UnderDefense (US), Ackcent (Spain), Cybereason (US), Critical Start (US), Forescout (US), and Critical Insight (US)

As cybercriminals employ more advanced tactics, such as artificial intelligence-driven attacks and deepfakes, organizations find it challenging to keep pace using traditional security measures. MDR services provide a crucial lifeline by offering advanced threat intelligence, continuous monitoring, and rapid incident response, all managed by specialized experts. This outsourced model enhances an organization’s security posture and allows businesses to focus on their core operations without diverting resources to build and maintain an extensive cybersecurity infrastructure internally. The rising demand for such comprehensive, efficient, and cost-effective security solutions is a crucial factor propelling the growth of the MDR market.

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By security type, the cloud security segment is expected to demonstrate the highest growth rate during the forecast period.

The anticipated surge in growth for the cloud security segment within the Managed Detection and Response (MDR) Market underscores the escalating importance of safeguarding cloud-based assets against evolving cyber threats. As businesses increasingly migrate their operations and data to the cloud, they encounter unique security challenges stemming from the distributed nature of cloud environments. The cloud security segment of the MDR market addresses these challenges by offering specialized solutions tailored to monitor, detect, and respond to threats targeting cloud infrastructure, applications, and data. Leveraging advanced technologies such as artificial intelligence, machine learning, and automation, these solutions provide organizations with comprehensive visibility and proactive threat detection capabilities across their cloud environments. With the adoption of cloud services continuing to soar and cyber threats becoming more sophisticated, the demand for cloud security within the MDR market is poised for robust growth as businesses prioritize the protection of their cloud-based assets.

Based on organization size, the SMEs segment is projected to exhibit the highest growth rate during the forecast period.

The projected highest growth rate for the SMEs segment underscores the increasing recognition among smaller organizations of the critical importance of robust cybersecurity measures. As SMEs become more digitally driven and interconnected, they face a rising tide of cyber threats, including malware, phishing, and ransomware attacks. Many SMEs need more resources and expertise to implement comprehensive cybersecurity solutions internally. Managed Detection and Response (MDR) services offer a viable solution by providing SMEs with access to advanced threat detection, continuous monitoring, and expert incident response capabilities on a subscription basis. These services enable SMEs to enhance their security posture without needing significant upfront investment or dedicated cybersecurity personnel. As SMEs increasingly prioritize cybersecurity to protect their operations, data, and reputation, the demand for MDR solutions tailored to their needs is expected to surge, driving robust growth in this segment during the forecast period.

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Asia Pacific is anticipated to experience substantial growth with the highest CAGR during the forecast period.

As countries across the Asia Pacific undergo rapid digital transformation, fueled by expanding internet access, smartphone penetration, and adoption of cloud services, they become prime targets for cyber threats. The region’s diverse regulatory landscape, evolving data protection laws, and compliance requirements heighten the urgency for robust cybersecurity measures. Managed Detection and Response (MDR) services offer organizations in Asia Pacific a proactive approach to cybersecurity, providing continuous monitoring, threat detection, and incident response capabilities to mitigate evolving cyber threats effectively. With businesses in the region increasingly prioritizing cybersecurity to safeguard their digital assets and maintain regulatory compliance, the demand for MDR solutions is poised for substantial growth, driving the highest CAGR in Asia Pacific during the forecast period.

Top Key Companies in Managed Detection and Response (MDR) Market:

The major players in the Managed Detection and Response (MDR) Market are CrowdStrike (US), Rapid7 (US), Red Canary (US), Arctic Wolf (US), Kudelski Security (Switzerland), SentinelOne (US), Proficio (US), Expel (US), Secureworks (US), Alert Logic (US), Trustwave (US), Mandiant (US), Binary Defense (US), Sophos (UK), eSentire (Canada), Deepwatch (US), Netsurion (US), GoSecure (Canada), LMNTRIX (Australia), UnderDefense (US), Ackcent (Spain), Cybereason (US), Critical Start (US), Forescout (US), and Critical Insight (US).

Browse Adjacent Market: Information Security Market Research Reports & Consulting

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Critical Infrastructure Protection Market– Global Forecast to 2029

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Digital Signature Market– Global Forecast to 2028

Threat Modeling Tools Market– Global Forecast to 2027

Get access to the latest updates on Managed Detection and Response Companies and Managed Detection and Response Industry

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

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Saigon Technology: Why Businesses Fear Modernizing Software in the AI Era

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SYDNEY, Nov. 4, 2026 /PRNewswire/ — Modernizing an entire software system often leaves businesses with two choices: invest heavily in an in-house team for a project that may not require the same resources later, or work with an experienced partner that already has the expertise in place.

While outsourcing offers greater flexibility, it also raises concerns about data security, business disruption, and finding a partner capable of handling complex systems.

Saigon Technology, an award-winning software engineering company with an AI-native delivery approach, believes businesses shouldn’t have to sacrifice security or stability to modernize. With the right partner, they can move forward while keeping everything under control.

66% of Australian Enterprises Lack Full Data Access Visibility

At many businesses, the existing systems may hold customer records, financial data, and core business processes. Giving a partner full access can create risks that businesses are not willing to take.

But modernization does not always require handing over the keys to the entire system.

Instead, companies can limit access to specific parts of their software, keep sensitive data in protected environments, and require approval before major changes are made. External engineers can work with test data or selected modules while the business keeps control of its main systems.

This allows businesses to gain the skills they need without giving up oversight of their most valuable technology assets.

Then Comes the Fear of Disruption

Data security is only half the concern. What happens if a system upgrade interrupts orders, payments, or customer services? For businesses that rely on software every day, even a short disruption can affect customers, staff, and revenue.

Yet upgrading software does not always mean shutting down the old system and moving everything to a new one overnight.

A safer approach is to make changes step by step. Parts of the system can be upgraded while the rest continues running. Old and new systems may also run side by side, giving teams time to test changes, check data, and fix issues before a full switch.

With clear backup and recovery plans, businesses can reduce risk and maintain essential services throughout the process.

The Way Forward: Modernize Without Losing Control

These concerns raise a key question: how can businesses move faster without taking on more risk? The answer lies in choosing a development partner that works within the client’s rules, rather than asking the client to give up control.

Saigon Technology takes a security-focused approach to enterprise software modernization. Depending on project needs, its engineering teams can apply multi-factor authentication (2FA), data encryption, VPN-secured access, and role-based permissions to protect sensitive information. With 3 development centers in Vietnam, the company also brings the engineering expertise and capacity needed to upgrade critical systems while minimizing disruption to daily operations.

Saigon Technology holds ISO/IEC 27001:2022 certification for information security management and ISO 9001:2015 certification for quality management, reinforcing its commitment to secure software delivery.

“Businesses should not have to choose between keeping their systems safe and moving forward with new technology. A good engineering partner helps them do both, without putting daily operations at unnecessary risk.” Shared by Thanh Pham, CEO of Saigon Technology.

As AI creates new opportunities, Saigon Technology believes the businesses best placed to benefit will be those that can embrace change without losing control of what already works.

About Saigon Technology

Saigon Technology is an AI-driven software engineering company with over 400 engineers. Serving clients across Australia and global markets, the company combines AI expertise, secure engineering, and flexible delivery models to build sustainable digital solutions.

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I AM ALS COMMUNITY CELEBRATES AS ACT FOR ALS BECOMES LAW AND MAKES HISTORY

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Community Advocates, Including Co-Founders Brian Wallach and Sandra Abrevaya and I AM ALS Ambassadors Late Actor Eric Dane and Former Pro Wrestler Tanea “Rebel” Brooks, Drive Landmark Win Securing Up to $500 Million in Funding and Therapy Access, and a Continued Path to a Cure

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I AM ALS Celebration Video for ACT for ALS

WASHINGTON, Nov. 3, 2026 /PRNewswire/ — I AM ALS and its national force of advocates are celebrating as the President signed the ACT for ALS reauthorization bill into law. This comes after the Senate approved the bill by unanimous consent with just hours left until the law expired, even after the House went home early. The I AM ALS community first identified a major gap in access to investigational treatments and co-authored the original ACT for ALS Act to address it in 2021. Now, with years of success underway, the law has five more years to scale research infrastructure and treatment access, representing an investment of up to an additional $500 million for ALS.

“Over the past 7+ years, this community has changed what’s possible in ALS,” said I AM ALS co-founder Brian Wallach. “The I AM ALS community’s leadership has brought us closer than ever to a cure by unlocking over $2 billion for federal ALS research, expanding and protecting access to life-changing therapies, and accelerating scientific breakthroughs. We thank our ALS congressional champions—including sponsors Senators Coons (D-DE) and Murkowski (R-AK) and Representatives Quigley (D-IL-05) and Calvert (R-CA-41)—and all the tireless advocates who helped renew this historic legislation for five more years.”

Today’s law passage is groundbreaking and thanks to the significant efforts of I AM ALS’ community-led movement. Since ACT for ALS was first signed into law, I AM ALS has monitored and reported on the ground-breaking success of its implementation. Leading into the reauthorization year, I AM ALS built and deployed a comprehensive, multi-pronged advocacy campaign, including:

Building and strengthening relationships with Congressional champions,Deploying a vast grassroots army of volunteer leaders from across the country,Partnering with researchers, other organizations, and celebrity ambassadors—most notably the late actor Eric Dane and professional wrestler Tanea “Rebel” Brooks—to strengthen and amplify our message, andEngaging with top experts in government affairs and public relations.

This year alone, I AM ALS held more than 430 in-person and virtual advocacy meetings and calls, secured more than 38,000 online actions, sent more than 95,000 emails, and gathered more than 20,100 petition signatures in the final weeks before expiration.

Unlike any other legislation the neurodegenerative landscape has ever seen, ACT for ALS has already invested hundreds of millions of dollars into ALS research, provided investigational therapy access for more than 800 patients who would not otherwise have qualified, and built lasting infrastructure for future learnings.

“These past months didn’t just get a critical bill passed; they inspired a community that continually renews itself, welcomes new advocates, develops new leaders, and ensures that every generation is ready to fight for the next breakthrough,” said Troy Fields, volunteer co-chair of the I AM ALS legislative affairs team, and person living with ALS. “ALS is relentless, but we continue to prove so are we.”

“For the past five years, the ACT for ALS has advanced scientific research and helped people with ALS access the promising treatments they need. This reauthorization of the bill continues that work and lends hope to a future where there is a cure for ALS,” said Congressman Quigley. “I’m glad this important bill was signed into law, and I’m thankful to my colleagues in both the House and the Senate for getting this done.”

“I’m thrilled that the ACT for ALS Reauthorization Act has been signed into law, renewing our commitment to finding cures and treatments for ALS,” said Rep. Calvert. “As a Co-Chair of the bipartisan ALS Caucus, I know just how hard those impacted by ALS have worked to get this bill enacted and I applaud their tireless advocacy. With the ACT for ALS Reauthorization Act officially signed into law, we celebrate this victory while remaining focused on the work ahead to end this terrible disease.”

I AM ALS is calling on supporters to thank the Congressional champions who helped make this law possible at bit.ly/A4A-TY 

About I AM ALS

I AM ALS is a nonprofit organization leading what STAT News called the most successful patient advocacy campaign this century. We built a community movement to harness collective power and find treatments and a cure for ALS faster, while also creating lasting, systemic change. Our focus is on three areas:

Advocating for federal policy change to drive research, support, and treatments for ALS.Improving quality of life by providing volunteer and support opportunities to advocates and people living with ALS.Mobilizing and empowering advocates to raise awareness about ALS and other neurodegenerative diseases, and increase visibility of the ALS experience.

Learn more at www.iamals.org

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Atomic Mobile unveils multi-carrier IoT service connecting devices across the globe

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SPRING LAKE, N.J., Nov. 3, 2026 /PRNewswire/ — Atomic Mobile today introduced Atomic Orbit , a cellular internet service designed to maintain connectivity for IoT devices by utilizing multiple carrier networks. The service addresses the critical need for reliable data access in scanners, tablets, POS terminals, and smart meters that frequently move across varying signal environments. Atomic Orbit offers global reach across hundreds of operators worldwide.

Relying on a single carrier often leads to coverage gaps, especially for mobile assets or devices deployed in diverse geographic regions. Atomic Orbit solves this by providing access to three national carriers and 18 regional carriers within the United States, alongside global multi-carrier support. This architecture ensures that devices automatically switch to the strongest available signal, maintaining uptime for essential business operations. By eliminating the limitations of a single-provider model, the platform enables enterprises to deploy devices globally without the risk of localized dead zones.

Aaron Ogden, VP of of Customer Success, says “Over the years, I’ve worked across finance, energy, education, logistics, and healthcare, and I’ve seen how much day-to-day operations depend on reliable connectivity. Whether it’s a payment terminal processing a sale, a remote utility sensor reporting a reading, a fleet tracker sending its location, a field technician pulling up a work order on a tablet, or a backup solution, the connection matters wherever the work happens. A multi-carrier SIM gives organizations access to more than one network, helping keep devices connected as they move between locations or when coverage varies or fails.”

The implementation of eSIM technology further simplifies logistics, allowing enterprises to manage profits by reducing the operational complexity of physical hardware swaps when changing service plans or carriers. This flexibility is critical for organizations looking to scale their IoT footprint without increasing administrative overhead.

Core functionality

Network Agility: SIMs automatically transition between networks to secure the most robust connection available.Scalable Management: A centralized platform and API allow for bulk SIM management and the activation of both physical SIMs and eSIMs.Operational Transparency: Comprehensive audit logs track all modifications to SIM status, while integrated support ticketing systems streamline troubleshooting.

Learn more about Atomic Orbit at https://atomicmobile.com/products/orbit .

Atomic Mobile developed the product in response to direct requests from customers seeking a reliable multi-carrier service for connected devices both in domestic and international markets. The service is available now for enterprises requiring high-availability mobile connectivity. 

Media Contact:
Atomic Mobile
info@atomicmobile.com
www.atomicmobile.com

About Atomic Mobile
Atomic Mobile provides mobile connectivity and enablement solutions to MVNOs and enterprises worldwide. With a focus on reliability, transparency, and scalability, the company empowers its customers with comprehensive solutions across network services, usage visibility, billing, compliance, and customer operations.

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