Market Overview:

The Extended Detection and Response Market is likely to witness significant revenue growth globally. The wide uptake of extended detection and response solutions would increase the market value. Market Research Future (MRFR) mentions that the global extended detection and response market will escalate from USD 1.6 BN in 2022 to USD 31.3 BN by 2032, growing at a 39.20% CAGR throughout the forecast period (2023-2032).

The growth in cyber-attacks and stringent regulatory compliance majorly propels the market. Besides, the lack of skilled workers, integration of security tools, cloud adoption, and effective incident response are other key market drivers. Additional factors bolstering the market growth include increasing industrialization and improving economic situations in countries across the globe.  

Augmenting demand for advanced extended security, especially with the increase in mobile threats, predominantly drives the market growth. With the growing number of businesses adopting BYOD policies, heavily relying on mobile devices and electronic gadgets and laptops for business communication are proving integrated security solutions ineffective for securing business facilities. 

Extended detection and response system is rapidly getting accepted across verticals such as BFSI, IT & telecom, aerospace & defense, manufacturing, government & public utilities, and healthcare, among others. Conversely, factors such as constant improvisations, complexities, and technological incompetency are expected to restrict market growth. 

Key Players

Leading XDR market players include:

• Broadcom
• Gen Bitdefender
• Cybereason
• Fidelis Cybersecurity
• Cynet
• McAfee
• LLC
• Palo Alto Networks
• Microsoft
• Red Piranha Limited
• Sophos Ltd.
• SentinelOne

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Scope of the Report – Extended Detection and Response Market:

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Market Segmentations:

The MRFR analysis is segmented into offering, deployment modes, organization sizes, verticals, and regions. The offering segment is sub-segmented into solutions and services. The deployment mode segment is sub-segmented into on-premises and cloud. The organization size segment is sub-segmented into large enterprises and SMEs. The vertical segment is sub-segmented into BFSI, government, manufacturing, energy & utilities, healthcare, retail & ecommerce, IT & ITes, and other verticals. By region, the XDR market is segmented into North America, Europe, Asia-Pacific, and the rest of the world.

Geographical Analysis:

North America holds the largest extended detection and response market share globally. Vast uptake of extended detection and response solutions by increasing the number of enterprises and rapidly advancing technologies are key driving forces. Besides, large technological developments, accessibility to products & services, and the emphasis on cost-cutting boost the extended detection and response market size. The US and Canada are the leading markets in this region, witnessing advents of advanced techniques brought by research & development efforts fuelled by increased investments. 

Browse In-depth Market Research Report (128 Pages, Charts, Tables, Figures) Extended Detection and Response Market– https://www.marketresearchfuture.com/reports/extended-detection-response-market-12210

Competitive Landscape:

Characterized by the number of small & large players forming a competitive landscape, the market demonstrates fierce competition. While aiming to maintain their market position, these players strive to gain a competitive advantage by incorporating acquisition, collaboration, partnership, expansion, and technology launch. To achieve their goals, they invest substantially in R&D to develop a technology with advanced design and features compared to their competition. 

Industry Analysis:

Aug. 08, 2023 —   EY launched an intelligent extended detection response (IXDR) solution to help organizations combat cyber threats. Developed in collaboration with cybersecurity leader Secureworks (SCWX), the new IXDR utilizes intelligent threat countermeasures supported by AI and ML algorithms to detect and reduce mean response time. Thus, it modernizes cyber SecOps by mitigating digital risk and improving cyber resiliency. 

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