The global incident response system market is expected to grow at a CAGR close to 13% during the forecast period 2016-2020, says Technavio.
Technavio has announced its latest market research report on incident response system to its IT security portfolio. This market analysis discusses the major drivers and key emerging trends that will influence the growth of the transparent barrier packaging film market during the forecast period 2016-2020. Some of the top vendors listed in this industry analysis include Amazon, Cisco Systems, Honeywell International, IBM, Lockheed Martin, and Rockwell Collins.
In terms of geographical analysis, Americas accounted for the largest market share with close to 52% in 2015, however it is expected to decline by 2020.
“Cloud is replacing physical data centers and IT infrastructure with increasing technological advances. The demand for disaster recovery services to protect data against potential threats such as disclosure of sensitive information and destruction of data is increasing. Organizations have the option of maintaining their data in-house or using disaster recovery services of a third-party provider. The chances of data being affected at the time of a disaster are less likely as the data is located off-site,“ says Ishmeet Kaur, a lead analyst at Technavio for research on IT security.
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The new industry research report from Technavio analyzes some of the key drivers and trends responsible for the growth of this market and its sub-segments.
Increasing terrorist activities
Rising terrorist activities is resulting in deployment of incident response systems in various organizations. Firefighters, police, and emergency medical technicians use equipments such as fire extinguishers to safeguard themselves against high levels of risk. Building with fire flames, heat, smoke, air choked with fine particles, battery acids, and debris are some of the issues the emergency responders have to deal at the attack sites.
Increasing data volumes
Data is responsible for shaping the enterprises’ decision-making processes but they are difficult to analyze and store. Both the structured and unstructured data is highly expensive. Structured data is derived from traditional applications such as ERP, SCM, and CRM tools, whereas unstructured data is gathered from web-based searches, social networks, and cloud-based applications. Data volumes are also growing exponentially due to the proliferation of data from sources such as web log files, sensor data, and social networks. The demand for secure and efficient data backup and archiving facilities has increased, and it will drive the market growth during the forecast period.
Possibilities of data loss
Any business will face a negative impact upon data loss. A company’s reputation, profit loss, productivity and business opportunities could be at risk in such circumstances. Such losses can also create chaos among various departments, and may result in heavy traffic for helpdesks and support teams. This necessitates an effective backup as a service for IT companies as it helps them to establish a smooth work environment designed to reduce macro management of IT departments and strengthen employment security.
Rise in high-profile data breaches
With improving technology and access to the internet, attackers access valuable information to disrupt businesses. Rise in cyber-attacks leads to advanced persistent threats. The high dependency on web applications for online purchases and related activities has led to an increase in identity theft. In addition, with the emergence of social networking sites, it has become easy for attackers to extract users’ information. To avoid such advanced threats, organizations employ threat management solutions.
Some of the other prominent vendors identified in this report are Acronis, Asigra, Fujitsu, Nasuni, NetApp, DFLabs, Hexadite, FireEye, HP, Veritas Technologies, and Commvault.
This research report includes an in-depth analysis and market shares and sizes of the sub-segments and geography. It provides a comprehensive analysis of the key companies, including their market shares, business overview, key financials, etc. The market study also offers a detailed analysis of key drivers, challenges, and opportunities influencing this market.
A more detailed analysis is available in the Technavio report titled, ‘Global Incident Response System Market 2016-2020‘. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Smart Security Market 2016-2020
- Global Runtime Application Self-Protection Security Market 2016-2020
- Global Mobile Identity Management Market 2016-2020
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