Market Definition:
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 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.
Market Restraints and Challenges
The key restraints and challenges in extended detection and response market include the lack of awareness among organizations about the need for extended detection and response solutions and the lack of skilled resources to deploy and manage these solutions. Additionally, the high cost of these solutions and the lack of interoperability between different extended detection and response solutions are other challenges faced by the market.
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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
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Segmental Overview
The report analyses the global Extended Detection and Response market based on component, deployment type, application, and region.
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
• Market Size in 2022 – $1.2 bn
• Market Size in 2032 – $4.4bn
• CAGR % – 13.9%
• Historic Period – 2016-2021
• Forecast Period – 2023-2032
• Base Year – 2022
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