Global Extended Detection And Response Market Projected to Grow at 31.2% CAGR, Reaching $8.32 Billion by 2029

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What Will the Extended Detection And Response Industry Market Size Be by 2025?
The market size of extended detection and response has seen a significant surge in the past few years. The market is forecasted to expand from $2.12 billion in 2024 to about $2.81 billion in 2025, experiencing a compound annual growth rate (CAGR) of 32.3%. The accelerated growth in the past period has been driven by factors such as the need for integrated security platforms, an increase in remote work, regulatory compliance demands, a focus on proactive threat hunting and incident response abilities, a rise in MXDR solution deployment among the SMEs, and an increase in the number of large enterprises needing advanced security solutions.

What's the Long-Term Growth Forecast for the Extended Detection And Response Market Size Through 2029?
The market size of extended detection and response is anticipated to witness a substantial rise in the upcoming years, with projections suggesting a growth to $8.32 billion in 2029, boasting a compound annual growth rate (CAGR) of 31.2%. This surge during the forecast period is likely due to the escalating use of cloud-based security systems, the rise in cyber threats and advanced attacks, implementation of Artificial Intelligence and machine learning in threat detection, proliferation of IoT gadgets, and an increased demand for XDR solutions. The forecast era is expected to bring about significant breakthroughs in AI and machine learning, a growing implementation of MXDR solutions, incorporation with AI and machine learning, a fusion of security technologies, and technological innovation.

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What Are the Key Growth Drivers Fueling the Extended Detection And Response Market Expansion?
The surge in cyber threats and more complex attacks are predicted to thrust the extended detection and response market forward. Cyber threats involve harmful activities aimed at computer systems, networks, and confidential information. Advanced, complex attacks are often perpetuated by highly skilled infiltrators who take advantage of vulnerabilities and harness cutting-edge techniques to achieve their ends. The rise in such cyber threats and complex attacks is fuelled by rapid technological advancements that outstrip security measures. Extended detection and response solutions respond to the challenges posed by cyber threats and complex attacks by offering centralised visibility and correlation of security-related data from various sources. This allows businesses to obtain a comprehensive understanding of their security status. For example, the Department for Science, Innovation, and Technology, a government entity in the UK, stated that in 2022, cybercrime had impacted 11% of businesses and 8% of charities during the previous 12 months. Moreover, in 2023 these figures rose to 26% for medium-sized enterprises, 37% for larger businesses, and 25% for high-income charities. Hence, the escalating cyber threats and complex attacks are fuelling the expansion of the extended detection and response market.

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What Are the Key Trends Driving Extended Detection And Response Market Growth?
Leading companies in the extended detection and response marketplace are focusing their efforts on creating innovative products like the Trend Vision One platform to better handle cyber threats. The platform, incorporating cutting-edge extended detection and response features, allows for quick threat recognition and efficient handling across various channels such as email, network, server, cloud, and IoT. In June 2023, Trend Micro Inc., a UK cyber security software firm, introduced the Trend Vision One platform. This platform is geared with next-level extended detection and response and artificial intelligence capabilities. It comes loaded with advanced XDR features, embedding a broad spectrum of native security sensors for exhaustive and cross-domain threat protection. The platform heralds the arrival of the future generation extended detection and response to the market by integrating data from both internal and external sources and employing sophisticated AI and machine learning analytics.

How Is the Extended Detection And Response Market Segmented?
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 Companies Are Leading the Charge in Extended Detection And Response Market Innovation?
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.

Which Regions Are Leading the Global Extended Detection And Response Market in Revenue?
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.

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