New York, According to a new market research report published by Global Insight Services “Extended Detection And Response Market” is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Extended detection and response (EDR) is a security solution that uses advanced detection techniques to identify, investigate, and respond to security incidents. EDR solutions are designed to complement traditional security solutions, such as antivirus and intrusion detection/prevention systems.
EDR solutions use a variety of techniques to detect security incidents, including behavioral analytics, machine learning, and heuristics. Once an incident is detected, EDR solutions provide a variety of tools to help security analysts investigate and respond to the incident. These tools may include a searchable database of security events, tools for analyzing network traffic, and tools for creating incident response plans.
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Key Trends
There are a few key trends in extended detection and response technology. One is the move towards more cloud-based solutions. This is in response to the growing demand for more flexibility and scalability in how organizations manage their security. Another trend is the increasing use of machine learning and artificial intelligence to help identify and respond to threats. This is in response to the growing volume and complexity of data that needs to be analyzed. Finally, there is a trend towards more integration of security solutions. This is in response to the need for a more holistic approach to security that can address the growing number of threats.
Key Drivers
There are several key drivers of the extended detection and response(EDR) market. Firstly, the increasing number of cyber-attacks is driving organizations to invest in EDR solutions. Secondly, the growing need for advanced threat detection and response capabilities is another key driver of the EDR market. Thirdly, the increasing adoption of cloud-based EDR solutions is another factor driving market growth. Fourthly, the growing need for compliance with regulatory requirements is also driving market growth. Finally, the increasing awareness of the benefits of EDR solutions is also driving market growth.
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Market Segments
By Component
- Solutions
- Services
By Deployment Mode
- Cloud
- On-Premises
Key Players
The extended detection and response market report includes players such as McAfee, LLC, Trend Micro Incorporated., Microsoft, Palo Alto Networks, Cybereason, Broadcom, Cynet, SentinelOne, Rapid7, and LMNTRIX.
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Reasons to buy Extended Detection And Response Market Report:
• Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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