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Red Canary

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Cybersecurityredcanary.comUpdated

Red Canary is a cybersecurity company delivering deep security monitoring and threat visibility to help organizations protect their IT environments.

Overview

Red Canary is a cybersecurity company that helps organizations protect their digital environments by delivering continuous security monitoring, threat detection and response, and threat intelligence. The organization serves a broad range of industries, providing security operations capabilities that combine expert oversight with automated detection to identify and stop threats, reduce risk, and improve security operations efficiency.

Mission statement

To protect organizations by detecting and stopping threats across their digital ecosystems, empowering security teams with expert monitoring and actionable intelligence.

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What we offer

Managed Detection and Response

Enhance security posture with round-the-clock threat detection and response.

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Market segments

Market size by segment

Growth potential (CAGR)

Managed detection and response

6.22 Billion USD20% CAGR

Continuous monitoring, detection, and 24/7 response across endpoints, networks, and cloud with US-based SOC oversight and integrated threat intelligence.

Products: Managed Detection and Response

Threat intelligence and hunting

18 Billion USD18% CAGR

Ingesting, filtering, and operationalizing threat intelligence combined with proactive threat hunting to surface prioritized, contextual findings that feed detections and investigations.

Products: Managed Detection and Response

Phishing detection and response

2.84 Billion USD13.03% CAGR

Email-focused detection and incident response that automatically identifies phishing attempts, responds to reported messages, and provides reporting and remediation to reduce phishing risk.

Products: Managed Detection and Response

Security orchestration, automation and response (SOAR)

2 Billion USD15% CAGR

Orchestration and automation for incident management, playbooks, case management and threat intelligence integration to reduce mean time to respond.

Products: Managed Detection and Response

Security training and workforce readiness

17.92 Billion USD7.76% CAGR

Training and awareness programs that build workforce capability to meet compliance requirements and reduce human-driven risk, including phishing simulations, admin training, and hands-on compliance workshops.

Products: Managed Detection and Response

More information about our offering

Managed Detection and Response

A threat detection and response product that finds and stops threats 24x7 across your IT environment.

  • Provides Continuous Monitoring
    This feature ensures that potential threats are monitored and addressed at any time, minimizing the risk of successful attacks.
  • Provide Expertise At Scale
    Equip your security team with AI-driven insights that rapidly enhance decision-making and incident management.
  • Unlock Speed At Scale
    AI Agents enable organizations to respond to threats swiftly, significantly reducing potential damage from attacks.
  • Proactively Detect Threats
    Utilizes advanced techniques and practices to identify potential threats before they impact the organization.
  • Ensures Immediate Response
    Every phishing report is addressed swiftly to minimize potential risks, helping organizations maintain a secure digital environment.
  • Enhance Readiness
    This feature allows participants to engage in simulated incidents, fostering a practical understanding of incident response tactics and strategies.
  • Discover New Features
    Explore new functionalities designed to enhance threat detection and response in your cybersecurity strategy.
  • Combines Human Expertise
    Expert oversight in conjunction with automation enhances the efficiency and effectiveness of threat detection and response.
  • Access Up-to-Date Threat Intelligence
    Offers continuous updates on evolving threat landscapes, enabling organizations to stay informed and prepared.
  • Learn from Experts
    Participants benefit from direct insights and best practices shared by experienced professionals in the field.
  • Stay Ahead of Threats
    Regular updates ensure the latest security tactics and technologies are employed to keep your organization protected.
  • Ensures Compatibility
    This feature enables organizations to enhance protection by leveraging existing cybersecurity technologies with managed detection services.
  • Enhance Operational Efficiency
    Delivers actionable insights that help organizations strengthen their security posture and streamline operations.
  • Enhances Detection Speed
    Speeds up the identification of phishing threats, allowing for faster incident response and mitigation.
  • Focus on Relevant Scenarios
    These programs are designed to address unique threats faced by organizations, ensuring participants gain applicable skills for their environment.
  • Respond Faster
    Enables quick and effective response to threats through tailored incident handling procedures.
  • Streamline Security Operations
    Facilitates collaboration across different security platforms to enhance overall security effectiveness.
  • Tracks Phishing Trends
    Detailed reports help organizations understand phishing patterns and improve their security posture over time.
  • Measure Competence
    Assessments help organizations gauge the knowledge retention and readiness of their teams after training sessions.
  • Stay Informed on Relevant Threats
    Ensures organizations receive real-time notifications based on their unique threat scenarios.

Sources

Methodology and sourcing behind the figures and links shown above.

Managed detection and response

Multiple industry reports in the searchResults show the global MDR market in the low-to-mid single-digit billions (2024–2026) with high projected growth. Reported 2026 market sizes range ~USD 2.8B–6.2B and horizon CAGRs range ~15%–23%. I selected USD 6.22B (MarketsandMarkets 2026 figure) as a representative current-market estimate and a consensus growth potential of ~20% CAGR reflecting the mid-point of reported forecasts (17.8%–23.2%), acknowledging definitional differences across reports (scope, inclusion of platforms/services, forecast periods).

Threat intelligence and hunting

Estimates use multiple market reports in the provided search results. Threat-intelligence market reports range from ~USD 6.9B–15.6B in 2025 (MarketsandMarkets, Fortune, ResearchNester). Dedicated threat-hunting estimates add ~USD 7.4B (2024). Combining overlapping threat intelligence and threat-hunting figures and weighting toward consensus projections yields an estimated near-term combined market ~USD 18B and a blended CAGR ~18% (reported CAGRs range ~14.7%–23.4%; 18% is the midpoint-weighted estimate).

Phishing detection and response

Estimate uses published phishing-protection market reports in the search results. Fortune Business Insights reports a 2025 market valuation of USD 2.84B and a 13.03% CAGR (2025–2034); Persistence Market Research reports USD 3.4B in 2025 with a ~12.4% CAGR (2025–2032); PR Newswire (MarketsandMarkets) cites ~USD 4.1B by 2028. I adopt Fortune’s 2025 figure and its 13.03% CAGR as the primary estimate, supported by similar figures from Persistence and MarketsandMarkets.

Security orchestration, automation and response (SOAR)

Multiple industry reports in the provided search results estimate the SOAR market between USD 1.5B and USD 2.75B for 2023–2024, with most projecting double‑digit growth (~15% CAGR) through the early 2030s. I selected a midpoint current market-size estimate (~USD 2.0B) and a consensus growth potential of ~15% CAGR based on GMI Insights, KBV Research, SNS Insider and MarketResearchFuture projections.

Security training and workforce readiness

Primary estimate uses Market Research Future’s explicit figure for the broad Cyber Security Training market (includes technical, awareness, compliance training) at $17.92B (2024) and a 7.76% CAGR (2025–2035). Supplementary sources show substantially smaller but faster-growing subsegments: GrowthMarketReports (cybersecurity awareness training) reports ~$2.5B (2024) with ~13.2% CAGR, and Valuates reports ~$2.397B (2025) with 18.6% CAGR—these likely reflect narrower awareness-focused segments (phishing simulations, basic awareness). Given the user’s segment spans awareness, compliance, phishing simulations and hands-on readiness, the broader MRFR market figure is the best-aligned primary estimate, while higher CAGRs from narrower-segment reports indicate strong growth potential within subsegments.

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