Global Extended Detection And Response Market to Reach $8.32 Billion by 2029, Growing at 31.2% CAGR

What industry-specific factors are fueling the growth of the extended detection and response market?
Escalating cyber threats and intricate assaults are anticipated to spur the expansion of the extended detection and response market. Such threats involve harmful activities aimed at computer systems, networks, and confidential information, whereas, intricate assaults are performed by exceptionally skilled invaders who run exploits to attain their goals. The growth of such threats is a result of rapidly progressing technologies surpassing security steps. Extended detection and response solutions tackle the challenges posed by them through delivering consolidated visibility and interrelation of security information from numerous sources. This empowers organizations to acquire a comprehensive understanding of their security stance. For instance, data from the Department for Science, Innovation, and Technology, a governmental institution in the UK, indicated that cybercrime impacted 11% of businesses and 8% of non-profits within the previous 12 months in 2022. Alarmingly, these figures rose to 26% concerning medium-sized businesses, 37% relating to large-scale businesses, and 25% regarding high-income charities in 2023. Thus, the escalating cyber threats and intricate assaults are stimulating the expansion of the extended detection and response market.

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What Is the projected market size and growth rate for the extended detection and response market?
The market size for extended detection and response has seen an explosive growth in the past few years. It is projected to escalate from $2.12 billion in 2024 to a staggering $2.81 billion in 2025, marking a compound annual growth rate (CAGR) of 32.3%. This significant rise during the historical period can be attributed to the growing need for integrated security platforms, the surge in remote working, regulatory compliance mandates, focus on proactive hunting of threats and incident response capabilities, increasing adoption of MXDR solutions by small and medium-sized enterprises (SMEs) and large-scale enterprises in need of advanced security solutions.

There is an anticipation of significant expansion in the extended detection and response market in the upcoming years. The market is predicted to escalate to a value of $8.32 billion by 2029, exhibiting a compound annual growth rate (CAGR) of 31.2%. This pronounced growth can be credited to factors like the growing utilization of cloud-based security solutions, an upsurge in cyber threats and complex attacks, utilization of AI and machine learning for identifying threats, the proliferation of IoT devices, and a rising demand for XDR solutions. During the forecast period, primary trends to observe include technological progression in AI and machine learning, increased adoption of the MXDR solution, amalgamation with artificial intelligence and machine learning, the convergence of various security technologies, and technological innovation.

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What trends are poised to drive the future success of the extended detection and response market?
Leading companies in the extended detection and response market are concentrating on creating innovative solutions like the Trend Vision One platform to bolster cyber resilience. This integrates next-gen extended detection and response functionalities that facilitate early identification and swift reaction to cyber threats in a variety of environments including email, network, server, cloud, and IoT. For example, in June 2023, UK-based cybersecurity software firm Trend Micro Inc. introduced the Trend Vision One platform. This platform, packed with advanced extended detection and response and AI features, provides enhanced XDR features, embedding a wide array of native security sensors for comprehensive, cross-domain threat protection. The platform ushers in a new era of extended detection and response in the market by creating correlated detection models, merging data from both internal and external sources, and utilizing sophisticated AI and machine learning analytics.

What major market segments define the scope and growth of the extended detection and response market?
The extended detection and response market covered in this report is segmented -

1) By Component: Solutions, Services
2) By Deployment Mode: On-Premises, Cloud-Based, Hybrid
3) By Organization Size: Large Enterprises, Small And Medium-Sized Enterprises (SMEs)
4) By Vertical: Banking, Financial Services And Insurance (BFSI), Government, Manufacturing, Energy And Utilization, Healthcare, Information Technology (IT) And Telecommunication, Retail And Commerce, Other Verticals

Subsegments:
1) By Solutions: Endpoint Detection And Response (EDR), Network Detection And Response (NDR), Cloud Detection And Response (CDR), Data Loss Prevention (DLP), Threat Intelligence
2) By Services: Managed Detection And Response (MDR), Consulting Services, Integration Services, Training And Support Services

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Which region dominates the extended detection and response market?
North America was the largest region in the extended detection and response market in 2024. The regions covered in the extended detection and response market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Which key market leaders are driving the extended detection and response industry growth?
Major companies operating in the extended detection and response market are Microsoft Corporation, accenture* PLC, Cisco Systems Inc., Ernst & Young Global Limited, Oracle Corporation, Broadcom Inc., Tata Consultancy Services Limited, VMware LLC, Atos SE, Palo Alto Networks Inc., Fortinet Inc., McAfee LLC, Trend Micro Inc., Elasticsearch B.V., Kaspersky Lab Italia Srl, BlackBerry Limited, Cybereason Inc., Sophos LTD., Sentinel Labs Inc., Cynet Security LTD., Fidelis Cybersecurity Inc., Red Piranha Limited, Bitdefender SRL, Musarubra US LLC, Optiv Security Inc.

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What Is Covered In The Extended Detection And Response Global Market Report?

• Market Size Forecast: Examine the extended detection and response market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the extended detection and response market for a structured understanding.
• Key Players Overview: Analyze major players in the extended detection and response market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the extended detection and response market.
• Segment Contributions: Evaluate how different segments drive overall growth in the extended detection and response market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the extended detection and response market.
• Industry Challenges: Identify potential risks and obstacles affecting the extended detection and response market.
• Competitive Landscape: Review strategic developments in the extended detection and response market, including expansions, agreements, and new product launches.

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