According to Gartner, "MDR services add 24/7 threat monitoring, detection and response capabilities to security operations capabilities via an outcome-oriented approach. Security and risk management leaders should use this research to determine if MDR services are a good fit for their goals, use cases and requirements."
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Gartner Market Guide for Managed Detection and Response Services, Toby Bussa, Kelly M, Kavanagh, Sid Deshpande, Craig Lawson, Pete Shoard, July 2019