Extended Detection And Response Market to grow up to USD 4.4 billion by 2032 | Palo AltoNetworks Cybereason, Broadcom, Cynet, SentinelOne, Rapid7

New York, The global Extended Detection And Response market was valued at USD 1.2 billion in 2022 and it is anticipated to grow up to USD 4.4 billion by 2032, at a CAGR of 13.9% during the forecast period.

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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Market Trends and Drivers

The increased integration of several software solutions with existing systems and heightened complexities in managing multiple alerts with limited context about the increasing number of security threats cause security teams to lose visibility, hampering business operations. The scenario has led to the emergence of XDR technology, which uses dynamic analytics and machine learning techniques to provide extended visibility, analysis, and response across networks, clouds, and endpoints.

Over the years, the enhanced visibility and awareness of security threats offered by XDR solutions have led to their increased popularity in the U.S. By integrating XDR solutions, enterprise security analysts can eliminate and target cyber threats based on the severity at which they can impact the organization’s IT infrastructure. The rising popularity of XDR solutions has encouraged several cybersecurity vendors in the U.S. to introduce advanced EDR and XDR solutions. For instace, in February 2020, SentinelOne, a U.S.-based cybersecurity solution provider launched an AI-powered XDR solution that offers advanced threat detection and complete visibility across every endpoint device, physical or virtual, on-premise, or on the cloud.

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Major Players in the Global Extended Detection And Response Market

The key players in the Extended Detection And Response Market are McAfee, LLC, Trend Micro Incorporated., Microsoft, Palo AltoNetworks Cybereason, Broadcom, Cynet, SentinelOne, Rapid7, and LMNTRIX. among others.

Global Extended Detection And Response Market Segmentation

By Component

  • Solutions
  • Services

By Deployment Type

  • On-premises
  • Cloud

By Application

  • Large Enterprises
  • SMEs

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