Global Cybersecurity and Predictive Maintenance Markets Set for Multi‑Billion Growth by 2031

The managed detection and response (MDR) market was valued at about USD 6.3 billion in 2026 and is projected to reach roughly USD 19 billion by 2031, expanding at a 24.8% compound annual growth rate. Growth is driven by rising cyber threats, widespread cloud adoption, AI‑powered threat intelligence and heightened demand for 24/7 security monitoring, especially in the BFSI sector.

The operational predictive maintenance market stood at USD 13.9 billion in 2026 and is forecast to grow to about USD 23.8 billion by 2031, a CAGR of 11.4%. Key drivers include the expansion of Industrial IoT, AI‑based analytics, real‑time equipment monitoring and the push to reduce downtime across manufacturing, energy, transportation and other asset‑intensive industries. Both markets see North America holding the largest regional share, with large enterprises leading adoption.

Major vendors are integrating AI, cloud‑native platforms and advanced analytics into their solutions, exemplified by Microsoft’s AI‑enhanced Defender services for MDR and Siemens’ AI‑driven predictive maintenance capabilities launched in 2025.