Global Extended Detection and Response Market to 2027: Size, Share, and Industry Trends Analysis Report – ResearchAndMarkets.com

Global Extended Detection and Response Market to 2027: Size, Share, and Industry Trends Analysis Report – ResearchAndMarkets.com

DUBLIN–(COMMERCIAL WIRE)–The “Global Extended Detection and Response Market Size Analysis Report, Share and Industry Trends by Component, by Deployment Type, by Application, by Regional Outlook and Forecast, 2021-2027” Report has been added to ResearchAndMarkets.com offering.

The global extended detection and response market size is expected to reach $1.6 billion by 2027, rising at a market growth of 19.9% ​​CAGR over the forecast period.

Extended Detection and Response (XDR) is a relatively new concept in security technology that was created to address the demand for advanced and comprehensive detection and response. Cyber ​​risks have increased as a result of ongoing innovations in technologies such as the Internet of Things (IoT) and the cloud, raising challenges in protecting important data. As a result, companies are investing in a variety of security solutions to improve their defenses and limit the number of redundant attacks.

In addition, Extended Detection Response is defined as a SaaS-based, vendor-specific security threat detection and incident response platform that natively combines multiple security products into a cohesive security operations system that integrates all licensed components. By offering a holistic yet simplistic view of threats across the technology ecosystem, XDR enables an organization to go beyond traditional investigative controls. In addition, XDR provides the real-time data needed to drive risk into business processes for faster and better results.

Security teams are losing visibility as a result of the increased integration of numerous software solutions with today’s systems, as well as the increasing difficulties of managing multiple warnings with inadequate information about the growing number of security threats. XDR technology, which employs dynamic analytics and machine learning approaches to provide greater visibility, analysis, and response across networks, clouds, and endpoints, emerged as a result of this scenario.

Market Driving Factors:

High awareness of the benefits of Extended Detection and Response Systems

In practice, these solutions are restricted to endpoint and server environments, and external security services (or third-party security solutions) have limited access to threat insights. Additionally, XDR gives security experts a 360-degree view of the security landscape, allowing them to expose threats at any security layer, analyze how an attack occurred, from entry points to affected areas, where the threat began and how it spread. and respond to threats that extend beyond infrastructure control points, networks, and endpoints.

IT teams and security groups must deal with huge signals to keep up with the flood of security alerts created by security devices. In addition, the benefits of broader data analysis and simultaneous efficiency that XDR provides allows teams to group related alarms, prioritize them, and act on the most important ones.

Governments and companies are investing in R&D to build comprehensive threat intelligence systems

Governments and commercial companies around the world are investing in R&D to bring better threat detection to market. The Critical Infrastructure Security and Resilience (CISR) R&D plan calls on communities, such as critical infrastructure owners and operators, government and corporate entities, and international partners, to increase critical infrastructure security.

CISR R&D promotes action plans to implement critical infrastructure solutions at the local, regional and national levels to improve the country’s resilience. In collaboration with the Joint Research Center (JRC), the European Reference Network for Critical Infrastructure Protection (ERNCIP) has created tools, approaches and scientific publications to defend critical infrastructure against threats and breaches.

Marketing constraint factor:

High installation cost

Investing in security solutions is critical to maintaining the overall economic stability and security posture of a country. Additionally, these solutions require enterprise-wide coverage for efficient and secure operations, leading to higher infrastructure expenses. As a result, many operators find these systems to be prohibitively expensive. Additionally, there are many companies that are willing to move to the cloud but were unable to do so due to the associated high cost of security solutions. Additionally, many countries still experience low penetration of advanced security solutions which can discourage carriers from reaping the appropriate benefits from such solutions.

Market segments covered in the report:

per component

By type of implementation

per application

  • Big enterprises

  • Small and Medium Enterprises (SMEs)

By Geography

  • North America

  • US

  • Canada

  • Mexico

  • Rest of North America

  • Europe

  • Germany

  • United Kingdom

  • France

  • Russia

  • Spain

  • Italy

  • The rest of Europe

  • Pacific Asia

  • Porcelain

  • Japan

  • India

  • South Korea

  • Singapore

  • Malaysia

  • Rest of Asia Pacific

  • LAMEA

  • Brazil

  • Argentina

  • United Arab Emirates

  • Saudi Arabia

  • South Africa

  • Nigeria

  • Rest of LAMEA

Key market players

  • McAfee Corporation.

  • Microsoft Corporation

  • cynet security

  • Bitdefender SRL

  • Fidelis Cybersecurity, Inc.

  • SentinelOne

  • benq

  • Palo Alto Networks, Inc.

  • Sophos Group PLCs

For more information on this report, visit https://www.researchandmarkets.com/r/k7zn0

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