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Extended Detection & Response Market worth $4.41 billion by 2030, growing at a CAGR of 20.73% - Exclusive Report by 360iResearch
Extended Detection & Response Market | 360iResearch
The Global Extended Detection & Response Market to grow from USD 1.17 billion in 2023 to USD 4.41 billion by 2030, at a CAGR of 20.73%.
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Extended detection and response (XDR) comprise solutions that allow companies to detect, investigate, and respond to advanced cyber threats by integrating data from multiple security products. XDR platforms deliver unified visibility across endpoints, networks, cloud environments, and applications by leveraging artificial intelligence, machine learning, and behavioral analysis techniques. The rising number of high-profile cyber attacks on enterprises has created a need for innovative security solutions to provide comprehensive protection against advanced threats. The rapid adoption of cloud-based services coupled with the growing remote work trend has necessitated an integrated approach towards securing organizational assets across different infrastructures that have significantly driven market growth. However, the complexity associated with integrating multiple security products from various vendors and the high initial costs required for deploying advanced technology-based XDR platforms may hamper the market demand. The ongoing development in artificial intelligence and machine learning technologies and Integration of XDR solutions with other protection devices such as security information and event management (siem) systems presents lucrative opportunities for enhancing the core functionalities of XDR platforms.
The Americas region has observed a lucrative landscape in the XDR market owing to the major players investing in research and development, fueled by the government's commitment to strengthening cyber defense capabilities through initiatives such as the National Cybersecurity Strategy. The growing demand for high-level security against advanced threats also stimulates opportunities for XDR providers in this region. The EMEA is witnessing significant growth in XDR adoption due to increased awareness of data privacy laws and recent investments, including partnerships between leading cybersecurity companies and regional organizations to develop innovative XDR platforms. Growing awareness about advanced threat protection solutions has fueled investment in XDR systems from private sector players and government agencies, which has significantly fueled the market demand in the EMEA region. The Asia-Pacific region has a developing landscape in the tXDR market driven by government initiatives and strong enforcement of data protection laws. Increased digitization and cyber vulnerability, investments in research, patents, and collaborations among major players in the APAC region have contributed to the development of advanced XDR solutions.
Market Segmentation & Coverage:
This research report categorizes the Extended Detection & Response Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Component, market is studied across Services and Solutions. The Services is projected to witness significant market share during forecast period.
Based on Deployment, market is studied across Cloud and On-Premise. The On-Premise is projected to witness significant market share during forecast period.
Based on Industry, market is studied across Banking, Financial Services, & Insurance (BFSI), Energy & Utilities, Government, Healthcare, IT & Telecommunication, Manufacturing, and Retail. The Banking, Financial Services, & Insurance (BFSI) is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 38.41% in 2023, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Extended Detection & Response Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Extended Detection & Response Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Extended Detection & Response Market, highlighting leading vendors and their innovative profiles. These include AT&T Inc., BlackBerry Limited, Broadcom Inc., Check Point Software Technologies Ltd., Cisco Systems, Inc., CrowdStrike Holdings, Inc., Cybereason Inc., Cynet Security Ltd., Elasticsearch B.V., Fidelis Cybersecurity, Inc., Fortinet, Inc., International Business Machines Corporation, McAfee, LLC, Microsoft Corporation, Palo Alto Networks, Inc., S.C. Bitdefender S.R.L., SecureWorks, Inc., SentinelOne, Inc., Sophos Ltd., Trellix, Inc., Trend Micro Incorporated, UPTYCS, INC., and VMware, Inc..
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Extended Detection & Response Market, by Component
7. Extended Detection & Response Market, by Deployment
8. Extended Detection & Response Market, by Industry
9. Americas Extended Detection & Response Market
10. Asia-Pacific Extended Detection & Response Market
11. Europe, Middle East & Africa Extended Detection & Response Market
12. Competitive Landscape
13. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Extended Detection & Response Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Extended Detection & Response Market?
3. What is the competitive strategic window for opportunities in the Extended Detection & Response Market?
4. What are the technology trends and regulatory frameworks in the Extended Detection & Response Market?
5. What is the market share of the leading vendors in the Extended Detection & Response Market?
6. What modes and strategic moves are considered suitable for entering the Extended Detection & Response Market?
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About 360iResearch
360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
We are a dynamic, nimble company that believes in carving ambitious, purposeful goals and achieving them with the backing of our greatest asset - our people.
Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.
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