Extended Detection And Response Market Size, Share & Trends Report

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

  • Report ID: GVR-4-68038-304-1
  • Number of Pages: 110
  • Format: Electronic (PDF)
  • Historical Range: 2018 - 2021
  • Industry: Technology

Market Segmentation

 

  • Extended Detection and Response Component Outlook (Revenue, USD Million, 2018 - 2030)
    • Solutions
    • Services
  • Extended Detection and Response Deployment Type Outlook (Revenue, USD Million, 2018 - 2030)
    • Cloud
    • On-premise
  • Extended Detection and Response Application Outlook (Revenue, USD Million, 2018 - 2030)
    • Large Enterprises
    • SMEs
  • Extended Detection and Response Regional Outlook (Revenue, USD Million, 2018 - 2030)
    • North America
      • North America Extended Detection and Response Market, by Component
        • Solutions
        • Services
      • North America Extended Detection and Response Market, by Deployment Type
        • Cloud
        • On-premise
      • North America Extended Detection and Response Market, by Application
        • Large Enterprises
        • SMEs
      • U.S.
        • U.S. Extended Detection and Response Market, by Component
          • Solutions
          • Services
        • U.S. Extended Detection and Response Market, by Deployment Type
          • Cloud
          • On-premise
        • U.S. Extended Detection and Response Market, by Application
          • Large Enterprises
          • SMEs
      • Canada
        • Canada Extended Detection and Response Market, by Component
          • Solutions
          • Services
        • Canada Extended Detection and Response Market, by Deployment Type
          • Cloud
          • On-premise
        • Canada Extended Detection and Response Market, by Application
          • Large Enterprises
          • SMEs
    • Europe
      • Europe Extended Detection and Response Market, by Component
        • Solutions
        • Services
      • Europe Extended Detection and Response Market, by Deployment Type
        • Cloud
        • On-premise
      • Europe Extended Detection and Response Market, by Application
        • Large Enterprises
        • SMEs
      • U.K.
        • U.K. Extended Detection and Response Market, by Component
          • Solutions
          • Services
        • U.K. Extended Detection and Response Market, by Deployment Type
          • Cloud
          • On-premise
        • U.K. Extended Detection and Response Market, by Application
          • Large Enterprises
          • SMEs
      • Germany
        • Germany  Extended Detection and Response Market, by Component
          • Solutions
          • Services
        • Germany Extended Detection and Response Market, by Deployment Type
          • Cloud
          • On-premise
        • Germany Extended Detection and Response Market, by Application
          • Large Enterprises
          • SMEs
      • Rest of Europe
        • Rest of Europe Extended Detection and Response Market, by Component
          • Solutions
          • Services
        • Rest of EuropeExtended Detection and Response Market, by Deployment Type
          • Cloud
          • On-premise
        • Rest of Europe Extended Detection and Response Market, by Application
          • Large Enterprises
          • SMEs
    • Asia Pacific
      • Asia Pacific Extended Detection and Response Market, by Component
        • Solutions
        • Services
      • Asia Pacific Extended Detection and Response Market, by Deployment Type
        • Cloud
        • On-premise
      • Asia Pacific Extended Detection and Response Market, by Application
        • Large Enterprises
        • SMEs
      • India
        • India Extended Detection and Response Market, by Component
          • Solutions
          • Services
        • India Extended Detection and Response Market, by Deployment Type
          • Cloud
          • On-premise
        • India Extended Detection and Response Market, by Application
          • Large Enterprises
          • SMEs
      • China
        • China Extended Detection and Response Market, by Component
          • Solutions
          • Services
        • China Extended Detection and Response Market, by Deployment Type
          • Cloud
          • On-premise
        • China Extended Detection and Response Market, by Application
          • Large Enterprises
          • SMEs
      • Japan
        • Japan Extended Detection and Response Market, by Component
          • Solutions
          • Services
        • JapanExtended Detection and Response Market, by Deployment Type
          • Cloud
          • On-premise
        • Japan Extended Detection and Response Market, by Application
          • Large Enterprises
          • SMEs
      • Rest of Asia Pacific
        • Rest of Asia Pacific Extended Detection and Response Market, by Component
          • Solutions
          • Services
        • Rest of Asia Pacific Extended Detection and Response Market, by Deployment Type
          • Cloud
          • On-premise
        • Rest of Asia Pacific Extended Detection and Response Market, by Application
          • Large Enterprises
          • SMEs
    • Latin America
      • Latin America Extended Detection and Response Market, by Component
        • Solutions
        • Services
      • Latin America Extended Detection and Response Market, by Deployment Type
        • Cloud
        • On-premise
      • Latin America Extended Detection and Response Market, by Application
        • Large Enterprises
        • SMEs
      • Brazil
        • Brazil Extended Detection and Response Market, by Component
          • Solutions
          • Services
        • Brazil Extended Detection and Response Market, by Deployment Type
          • Cloud
          • On-premise
        • Brazil Extended Detection and Response Market, by Application
          • Large Enterprises
          • SMEs
      • Mexico
        • Mexico Extended Detection and Response Market, by Component
          • Solutions
          • Services
        • Mexico Extended Detection and Response Market, by Deployment Type
          • Cloud
          • On-premise
        • Mexico Extended Detection and Response Market, by Application
          • Large Enterprises
          • SMEs
      • Rest of Latin America
        • Rest of Latin America Extended Detection and Response Market, by Component
          • Solutions
          • Services
        • Rest of Latin America Extended Detection and Response Market, by Deployment Type
          • Cloud
          • On-premise
        • Rest of Latin America Extended Detection and Response Market, by Application
          • Large Enterprises
          • SMEs
    • Middle East & Africa (MEA)
      • MEA Extended Detection and Response Market, by Component
        • Solutions
        • Services
      • MEA Extended Detection and Response Market, by Deployment Type
        • Cloud
        • On-premise
      • MEA Extended Detection and Response Market, by Application
        • Large Enterprises
        • SMEs

Extended Detection and Response Market Dynamics

Drivers: Emerging enterprise mobility trend coupled with advancements in cybersecurity solutions

The COVID-19 pandemic has compelled several firms to adopt a remote working model. This has given rise to the enterprise mobility trend, which allows employees to work from homes or remote locations and also use personal computing devices and mobile devices for undertaking official tasks. The trend is expected to remain strong post the pandemic as well, owing to several firms expected to adopt a hybrid working model. The increased adoption of hybrid working practices has increased the unforeseen risk of cybersecurity. As such, several organizations are faced with new cybersecurity threats, which is expected to drive the adoption of advanced security solutions to allow businesses to mitigate cyber threats. Extended Detection and Response (XDR) platforms offer augmented security beyond traditional reactive point security solutions. XDR platforms collect security telemetry data in huge quantity and then utilizes technologies such as artificial intelligence, analytics, and machine learning to anticipate formerly unnoticed threats and offer resolutions by connecting the data collected. Moreover, XDR platforms assist with mitigating the jeopardy and decrease the Mean Time To Respond (MTTR) by automating responses.

Minimizing the costs incurred in data breaches

Several organizations experience data breaches every year, which results in significant losses to their businesses in terms of brand reputation, loss of revenue, business disruptions, and unplanned workforce reductions. Companies have to face serious monetary losses to recover and mitigate the risks emanating from data breaches. The cost of data breaches increased by 10% from 2020 to 2021, which was the single highest increase during the last seven years. The remote working trend was one of the prime factors responsible for this increase during the COVID-19 pandemic. According to a 2021 IBM report, it takes around 287 days for an organization to detect a data breach in its system. The average cost that an organization has to bear for a data breach detected beyond 200 days amounted to USD 4.87 million compared to nearly USD 3.61 million for a data breach detected under 200 days. This signifies how critical it is for companies to detect and eliminate data breaches sooner to cut down on data breach costs.

Restraint: Lack of maturity of XDR platforms coupled with lack of skilled it workforce

Extended detection and response platforms are still rooted in security solutions such as Endpoint Detection Response (EDR) and Managed Detection and Response (MDR). Although XDR solutions offer powerful detection and response tools, they still require the right amount of human expertise for continuous optimization owing to their high complexity. As such, XDR solutions require highly skilled personnel to understand their output. However, organizations are facing an acute shortage of skilled workforce to cope with cybersecurity trends. The looming lack of cybersecurity skills can be attributed to the continued advances in technology and the rapid changes in the cyber threat landscape stemming from the proliferation of IoT, mobile technology, cloud computing, and data centers. Moreover, XDR platforms need MDR capabilities to bring together diverse tools to provide unified visibility of the system under attack and to better identify and correlate threats, thereby leading to accurate decisionmaking. To ensure a strong and skilled workforce capable of coping with the changing cybersecurity landscape, companies are drafting training curriculums, certifications, courses, and organizing webinars for their employees. 

What Does This Report Include?

This section will provide insights into the contents included in this extended detection and response market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.

Extended detection and response market qualitative analysis

  • Industry overview

  • Industry trends

  • Market drivers and restraints

  • Market size

  • Growth prospects

  • Porter’s analysis

  • PESTEL analysis

  • Key market opportunities prioritized

  • Competitive landscape

    • Company overview

    • Financial performance

    • Product benchmarking

    • Latest strategic developments

Extended detection and response market quantitative analysis

  • Market size, estimates, and forecast from 2018 to 2030

  • Market estimates and forecast for product segments up to 2030

  • Regional market size and forecast for product segments up to 2030

  • Market estimates and forecast for application segments up to 2030

  • Regional market size and forecast for application segments up to 2030

  • Company financial performance

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