Extended Detection And Response Industry Overview
The global extended detection and response market size was valued at USD 505.0 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 19.9% from 2021 to 2028.
Extended detection and response (XDR) is a new term in security technology developed to respond to the need for sophisticated and comprehensive detection and response. Ongoing developments in technologies such as the Internet of Things (IoT) and the cloud have increased the risk of cyber threats, creating challenges in securing critical data. As a result, organizations are spending on several security solutions to strengthen their security and reduce redundant attacks.
Gather more insights about the market drivers, restrains and growth of the Global Extended Detection And Response Market
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.
The rising need for real-time monitoring and investigation of advanced threats is compelling organizations to adopt security solutions that extend the capabilities of threat detection from endpoints to multiple security control points such as cloud, servers, emails, and networks. This is driving the adoption of XDR tools that allow behavioral and telemetry analysis across several security layers, enabling security analysts to visualize a number of threats. Furthermore, the use of XDR tools reduces downtime on critical servers by offering tailored incident responses. These benefits are expected to drive market growth over the forecast period.
Increasingly complex regulatory compliance requirements, rapid migration to cloud computing, the shortage of technical security staff, and the unrelenting evolution of threats continue to increase security challenges for businesses. However, responding to the COVID-19 pandemic remained a major challenge for most security businesses across the world in 2020. The pandemic has refocused the attention of security staff on operational tools and cloud-delivered security tools that do not require a Local Area Network (LAN) connection to function, the need to migrate to cloud data centers and software as a service (SaaS) applications. This encouraged businesses to adopt XDR solutions to access policies and track threats across the cloud and business networks remotely.
Digitization and automation in security monitoring and threat detection gained prominence as organizations were pushed to adopt the remote working culture during the pandemic. With real-time security and workflow management capabilities, XDR solutions help security analysts significantly reduce the time spent on repetitive tasks, training, and providing support. In addition to the common management and workflow management activities, XDR solutions also help provide a large stream of alerts into smaller incidents with their severity level. These factors have contributed to the market growth during the pandemic.
Browse through Grand View Research's Network Security Industry Research Reports.
- Internet of Things (IoT) Market – The global Internet of Things (IoT) market size was valued at USD 605.69 billion in 2014. Technological proliferation and increasing investments are expected to drive the global market over the next seven years. Significant advances in telecommunication and growing penetration of internet and broadband services have further propelled the growth of the Internet of Things (IoT) industry.
- Bring Your Own Device Market – The global Bring Your Own Device (BYOD) market was valued at USD 75.99 billion in 2013 and is expected to witness substantial growth over the forecast period. Increased proliferation of smartphones and the roll-out of services such as 4G LTE are expected to drive market growth in both developing and developed economies.
Extended Detection And Response Market Segmentation
Grand View Research has segmented the global extended detection and response market based on component, deployment type, application, and region:
XDR Component Outlook (Revenue, USD Million, 2017 – 2028)
- Solution
- Services
XDR Deployment Type Outlook (Revenue, USD Million, 2017 – 2028)
- On-premises
- Cloud
XDR Application Outlook (Revenue, USD Million, 2017 – 2028)
- Large Enterprises
- SMEs
XDR Regional Outlook (Revenue, USD Million, 2017 – 2028)
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Market Share Insights
- September 2020: Cynet launched Cynet 360 Version 4.0, the new generation autonomous breach prevention platform featuring extended detection and response.
- June 2020: Atos SE announced an agreement to acquire Paladion to strengthen its global cybersecurity services.
Key Companies profiled:
Some prominent players in the global extended detection and response market include
- McAfee, LLC
- Trend Micro Incorporated.
- Microsoft
- Palo Alto Networks.
- Cybereason
- Broadcom
- Cynet
- SentinelOne
Order a free sample PDF of the Extended Detection And Response Market Intelligence Study, published by Grand View Research.
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Web: https://www.grandviewresearch.com
0
