Extended Detection And Response Market Size, Share & Trends Analysis Report By Component (Solutions, Services), By Deployment Type, By Application (Large Enterprises, SMEs), By Region, And Segment Forecasts, 2023 - 2030

Research Methodology

A three-pronged approach was followed for deducing the extended detection and response market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for extended detection and response market to gather the most reliable and current information possible.

• We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
• We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
• We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
• We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
• We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of extended detection and response market data depending on the type of information we’re trying to uncover in our research.

• Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

• Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

• Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

• Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

• Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

• Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

• This step also entails the finalization of the report scope and data representation pattern.

• Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

Extended Detection and Response Market Categorization:

The extended detection and response market was categorized into four segments, namely component (Solutions, Services), deployment type (On-premise, Cloud), application (Large Enterprises, SMEs), and region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa).

Segment Market Methodology:

The extended detection and response market was segmented into component, deployment type, application, and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

• Demand estimation of each product across countries/regions summed up to from the total market.

• Variable analysis for demand forecast.

• Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

• Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

• Used extensively for new product forecasting or analyzing penetration levels.

• Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

• Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

• This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The extended detection and response market was analyzed at a regional level. The globe was divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into nine countries, namely, the U.S.; Canada; the UK; Germany; India; China; Japan; Brazil; Mexico.

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

Extended detection and response market companies & financials:

The extended detection and response market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

• McAfee, LLC - McAfee, LLC is a cybersecurity firm that offers antivirus and anti-malware protection for networks, cloud, databases, and endpoint. The company has two business segments, namely Consumer and Enterprise. The Consumer segment offers various security solutions for end users. The Enterprise segment offers different computer solutions for large enterprises, small and medium-sized businesses, and governments. The company provides its solutions across various industries and sectors, including aerospace, automotive, aviation, entertainment, manufacturing, healthcare, and e-commerce. Symphony Technology Group (STG) acquired McAfee, LLC in July 2021. McAfee, LLC has 50 offices across the world. The company has marked its presence in different regions globally, including the Middle East & Africa, Asia Pacific, Europe, North America, and Latin America. In 2020, the company had 2,600 U.S. and foreign patents pending. Each year, the company processes 2.3 trillion real-time threat queries. The company aggressively invests in research & development, sales and marketing, and general and administrative functions. In 2020, the company invested USD 475.0 million in research & development.

• Microsoft Corporation - Microsoft Corporation is a technology company that provides a diverse portfolio of software products, services, solutions, and devices. The company offers solutions for various industries and sectors, including automotive, financial services, government, healthcare, energy, and manufacturing. It operates through three business segments, namely Intelligent Cloud, Productivity and Business Processes, and More Personal Computing. The Intelligent Cloud segment offers cloud services, server products, and enterprise services. The Productivity and Business Processes segment offers office consumer solutions, office commercial solutions, dynamics business solutions, and LinkedIn business solutions. The More Personal Computing segment provides gaming subscriptions, surface and PC accessories, windows OS licensing, and search advertising.

• Broadcom - Broadcom is a manufacturer and supplier of semiconductor and infrastructure software. The company provides its solutions for various industries and sectors, including automotive, financial government, healthcare, energy, and manufacturing. It has two business segments, namely Semiconductor Solutions and Infrastructure Software Solutions. The Semiconductor Solutions segment offers RF semiconductor devices, custom touch controllers, CMOS transistors, smartphones, set-top boxes, home connectivity, telecommunication equipment, and alternative energy systems. The Infrastructure Software Solutions segment offers mainframe software, Symantec cyber security, and Bizops, among others.

• Palo Alto Networks - Palo Alto Networks is engaged in providing cybersecurity solutions. It also offers subscriptions and support services. The company offers products such as firewall appliances and software, panorama, and virtual system upgrades. The company’s subsidiaries include Palo Alto Networks (Australia) Pty Ltd, Palo Alto Networks (Germany) GmbH, Palo Alto Security Limited, Palo Alto Networks (Israel Analytics) Ltd, Palo Alto Networks (Israel) Ltd., and Twistlock Ltd. The company provides its products across various industries and sectors, including public sector, financial services, healthcare, retail, oil & gas, utilities, and manufacturing. Palo Alto Networks provides its products across several regions, including the Middle East & Africa, Asia Pacific, Europe, North America, and Latin America. In 2020, the company invested USD 768.1 million in research & development. It had more than 85,000 customers worldwide in 2021. It is ISO 27001-certified for the reliability and security of data.

• Cybereason - Cybereason is a cybersecurity technology company. The company offers various security solutions, including endpoint security, platform modules, and the Cybereason XDR platform. It also provides different services, including managed detection & response, incident response, deep response, cyber posture assessment, compromise assessment, and IR subscription services. The company provides its solutions and services to various industries and sectors, including manufacturing, banking, retail, and hospitality. Cybereason has marked its presence in several countries and cities, including Boston, London, France, Germany, Tokyo, South Africa, Singapore, and Tel Aviv. The company has several resale partners, incident response partners, technology partners, and managed service providers. Some of the company’s technology partners include Microsoft Corporation; Google LLC; Slack technologies, LLC; Okta; and Netskope.

• Cynet - Cynet is a cybersecurity company that offers a breach protection platform for cyberattacks. The company provides XDR protection, monitoring & control, and response automation solutions. The company's services include Cyops 24/7 security team, IR services, and the Cynet support portal. The company provides its solutions and services across various industries and sectors, including healthcare, manufacturing, energy, and law. Cynet has offices based in the U.S. and Israel. It has a research and development facility based in Tel Aviv-Yafo, Israel. The company has established several partners, including solution providers, managed service providers, incident responders, and managed detection and response providers. Some of the company’s partners include Splashwire, AND partners, ADACOM S.A, VARS Corporation, and ANSECURITY.

• SentinelOne - SentinelOne is a cybersecurity company. The company provides products such as singularity complete, singularity ranger, singularity data, singularity mobile, and singularity XDR power tools. The company provides security services such as threat and support and deployment services. The threat and support services include vigilance respond pro-MDR +DFIR and vigilance respond MDR, watchtower pro threat hunting, and watchtower threat hunting. The company’s network includes technology alliances, channel partners, cyber risk partners, and singularity marketplace, among others. SentinelOne has several partners, including IBM, Microsoft Corporation, Netskope, and Mimecast Services Limited. The company provides its solutions to various industries and sectors, including automotive, financial services, healthcare, and government. SentinelOne provides its products across several regions, including the Middle East & Africa, Asia Pacific, Europe, North America, and Latin America. The company has eight office locations worldwide, including Eugene, Amsterdam, Mountain View, Tel-Aviv, Tokyo, Boston, and Prague.

• Fidelis Cybersecurity - Fidelis Cybersecurity is engaged in providing cybersecurity solutions worldwide. It offers multiple solutions, including Fidelis Network, Fidelis Endpoint, Fidelis Deception, Cloud Secure, Server Secure, and Container Secure. The company has adopted a zero-trust architecture for protecting its data and assets. It was acquired by Skyview Capital, LLC in 2020. Fidelis Cybersecurity provides its products across several regions, including the Middle East & Africa, Central and Eastern Europe, Asia Pacific, and Latin America. The company has offices across multiple countries, including Germany, Poland, Egypt, Turkey, Singapore, Argentina, and Israel. It is SSAE-16 SOC 2-certified and focuses on security, processing integrity, privacy, and confidentiality. The company’s partners include 4Prime, 4Sync, A10 Networks, ADEO, AGAT, ALG Innovations, Aliter Technologies, AM Integrator Group, and Amazon Web Services, among others.

• Bitdefender - Bitdefender is a cybersecurity company that provides global threat detection, prevention, and response solutions. The company offers various security products, including GravityZone Ultra, GravityZone Business Security, GravityZone Elite, and Managed Detection and Response. It also offers services such as managed detection and response for managed service providers, premium support, standard support, and professional services. It provides its solutions across various industries and sectors, including education, public sector, financial services, healthcare, retail, and manufacturing. Bitdefender’s geographic footprint spans countries such as Germany, U.S., France, Spain, Denmark, Italy, Sweden, Netherlands, and Australia. The company has more than 20,000 qualified partners and its solutions are distributed in 170 countries. It held 440 patents for core technologies in 2021. It has technology alliances with multiple vendors, including VMware, Linux, Microsoft Corporation, NETGEAR, and Citrix.

• Red Piranha Limited - Red Piranha Limited is engaged in providing cybersecurity product and service provider. The company offers various security products, including Crystal Eye XDR Cloud, Crystal Eye CESOC, Crystal Eye XDR 360, AND Crystal Eye Firewall, among others. The company also offers different services such as Security Testing, Security Assessment, Security Review, Security Compliance, Security Training, Security Management, and Security Investigation. It provides its solutions across various industrial sectors, including education, financial services, healthcare, pharmaceutical, defense, and government. Red Piranha Limited has its offices across several countries and cities, including Australia, London, Singapore, Taiwan, and U.S. The company has established many technology partnerships over the years. Some of the company’s premium partners include My Security Media, Avec, DigitalKit Solutions Pty Ltd, Kenzotech, and Service Innovation Pty Ltd. The company also runs a MSP partner assurance program, through which it differents MSP connect with the company to offer security solutions and services to their XDR customers. This program includes various components, namely Crystal Eye XDR platform, eCISO service, Consulting services, and ISO27001 compliance.

Value chain-based sizing & forecasting

Supply Side Estimates

• Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

• Segment revenue determination via variable analysis and penetration modeling.

• Competitive benchmarking to identify market leaders and their collective revenue shares.

• Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

• Identifying parent markets and ancillary markets

• Segment penetration analysis to obtain pertinent

• revenue/volume

• Heuristic forecasting with the help of subject matter experts

• Forecasting via variable analysis

Extended Detection and Response Market Report Objectives:

• Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

• Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

• Understanding market estimates and forecasts (with the base year as 2022, historic information from 2018 to 2021, and forecast from 2023 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Extended Detection and Response Market Report Assumptions:

• The report provides market value for the base year 2022 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

• The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

• We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

• All market estimates and forecasts have been validated through primary interviews with the key industry participants.

• Inflation has not been accounted for to estimate and forecast the market.

• Numbers may not add up due to rounding off.

• Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

• Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

• Latin America includes Central American countries and the South American continent

• Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

• Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

• Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.