Objective and Scope:

The client, a consulting firm, was looking to understand the Managed Detection and Response (MDR) market in the cybersecurity space and understand this target area for investments and acquisitions. It sought Benori to:

• Assess market landscape and size, including key growth drivers, adoption trends, current state of investments, and M&As
• Prepare brief profiles of select industry players to assess competitive strengths

Approach:

We conducted secondary research to understand MDR services, including its core components, essential tools, and Security Operations Centers’ (SOC) role. We analyzed key market opportunities, drivers, growth opportunities, investment trends, and the M&A landscape. Additionally, we conducted competitive intelligence on select companies, examining their MDR capabilities, analyst reviews, and initiatives.

Impact:

The research enabled the client to:

• Gain an exhaustive awareness of the MDR market with key insights necessary for commercial due diligence
• Identify emerging trends and anticipate the MDR market’s trajectory while uncovering the unique capabilities and key success factors of specified companies in the segment