Market Definition
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.
Market Outlook
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 instance, 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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Research Objectives
- Estimates and forecast the overall market size for the total market, across product, service type, type, end-user, and region
- Detailed information and key takeaways on qualitative and quantitative trends, dynamics, business framework, competitive landscape, and company profiling
- Identify factors influencing market growth and challenges, opportunities, drivers and restraints
- Identify factors that could limit company participation in identified international markets to help properly calibrate market share expectations and growth rates
- Trace and evaluate key development strategies like acquisitions, product launches, mergers, collaborations, business expansions, agreements, partnerships, and R&D activities
- Thoroughly analyze smaller market segments strategically, focusing on their potential, individual patterns of growth, and impact on the overall market
- To thoroughly outline the competitive landscape within the market, including an assessment of business and corporate strategies, aimed at monitoring and dissecting competitive advancements.
- Identify the primary market participants, based on their business objectives, regional footprint, product offerings, and strategic initiatives
Market Segmentation
The report analyses the global Extended Detection and Response market based on component, deployment type, application, and region.
Global Extended Detection And Response Market by Component
On the basis of component, the Extended Detection and Response market is segmented into service, and solution. The solutions segment dominated the extended detection and response (XDR) market in 2022 and accounted for significant revenue share. The need for a unified solution that can provide a holistic view of cyber threats across several control points, ranging from endpoints to networks and servers, has helped increase the adoption of XDR solutions. Moreover, the need to reduce the complexities associated with managing several security solutions and the alerts provided by such solutions have also contributed to the growth of the segment.
The services segment is expected to register the highest CAGR over the forecast period. The evolving risks of cyber threats across the organizations security perimeters are driving the need for managed services. Managed XDR vendors to assess the IT infrastructures of organizations in real-time and detect and mitigate advanced incidents. Furthermore, the rising demand for implementation and training services is driving the services segment.
Global Extended Detection And Response Market by Deployment Type
By deployment type, the Extended Detection and Response market is classified into cloud, and on-premise. The on-premises segment dominated the market in 2022. Enterprises with the necessary IT infrastructure prefer the installation of XDR solutions on their premises as they have complete ownership of the solution and upgrades. Various large organizations and businesses that deal with critical business information select on-premise extended detection and response solutions as they provide an optimum level of data security and physical access controls. The cloud-based segment has gained popularity owing to its cost benefits and flexibility. Additionally, the major market players are concentrating on launching cloud-based advanced threat management solutions to capitalize on the rising cloud solutions market. For instance, in October 2020, McAfee, LLC launched MVISION XDR, a proactive, data-aware, and open XDR cloud-based platform. Cloud-based extended detection and response solutions eliminate the need for the consumer to manage, upgrade, and buy the software.
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Major Players
The key players in the Extended Detection And Response Market are McAfee, LLC, Trend Micro Incorporated., Microsoft, Palo Alto Networks, Cybereason, Broadcom, Cynet, SentinelOne, Rapid7, and LMNTRIX. among others.
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Research Scope
- Scope – Highlights, Trends, Insights. Attractiveness, Forecast
- Market Sizing – Product Type, End User, Offering Type, Technology, Region, Country, Others
- Market Dynamics – Market Segmentation, Demand and Supply, Bargaining Power of Buyers and Sellers, Drivers, Restraints, Opportunities, Threat Analysis, Impact Analysis, Porters 5 Forces, Ansoff Analysis, Supply Chain
- Business Framework – Case Studies, Regulatory Landscape, Pricing, Policies and Regulations, New Product Launches. M&As, Recent Developments
- Competitive Landscape – Market Share Analysis, Market Leaders, Emerging Players, Vendor Benchmarking, Developmental Strategy Benchmarking, PESTLE Analysis, Value Chain Analysis
- Company Profiles – Overview, Business Segments, Business Performance, Product Offering, Key Developmental Strategies, SWOT Analysis
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