Extended Detection and Response Market - Forecast(2024 - 2030)

Report Code: ITR 0419 Report Format: PDF + Excel

Extended Detection and Response Market Overview:

Extended Detection and Response (XDR) Market size is estimated to reach $4.5 billion by 2030, growing at a CAGR of 19.3% during the forecast period 2023-2030. Increasing cyber threats, growing adoption of cloud-based services, need for simplified security operations, and increased investment in cybersecurity propels the market growth. XDR provides a more comprehensive and integrated approach to threat detection and response, making it a popular choice for organizations looking to enhance their cybersecurity posture.
 
Market Snapshot: 
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Extended Detection and Response Market - Report Coverage:
The “Extended Detection and Response Market Report - Forecast (2023-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Extended Detection and Response Market.
 
Attribute Segment

By Component

  • Solutions

  • Services

By Deployment Mode

  • On-Premises

  • Cloud-based

  • Hybrid

By Organization Size

  • Large Enterprises

  • Small and Medium-Sized Enterprises (SMEs)

 

 

 

By Vertical

  • Banking, Financial Services and Insurance

  •  Government

  • Manufacturing

  • Energy and Utilization

  • Healthcare

  •  IT and Telecommunication

  • Retail and Commerce

  •  

  • Others

 

 

 

 

By Geography 

  • North America (U.S., Canada and Mexico)

  • Europe (Germany, France, UK, Italy, Spain, Russia and Rest of Europe),

  • Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand and Rest of Asia-Pacific),

  • South America (Brazil, Argentina, Chile, Colombia and Rest of South America)

  • Rest of the World (Middle East and Africa).
 
COVID-19 / Ukraine Crisis - Impact Analysis:  
 
The sudden shift to remote work and increased reliance on digital technologies have created new vulnerabilities that cyber-criminals are exploiting, leading to increased demand for XDR solutions. Organizations are prioritizing endpoint security and adopting more cloud-based XDR solutions. There is also increased demand for XDR services to help organizations deploy and use XDR solutions effectively. As the threat landscape continues to evolve, XDR vendors are continuously innovating and adapting to meet the changing needs of their customers.
 
The contention between Russia-Ukraine has led to disruptions in trade dynamics and severely affected people's lives. Some XDR vendors rely on hardware and software components manufactured in Russia and Ukraine, which led to the disruption of supply chains which accounts for delays and shortages of XDR solutions and services. As we know, cyber-attacks are often used as a tool of warfare, and this conflict led to increased state-sponsored cyber-attacks. 

Key Takeaways:

Cloud-Based Deployment Mode to Register the Fastest Growth
 
In the Extended Detection and Response Market analysis, the Cloud-based deployment mode segment is estimated to grow with the highest CAGR of 19.9% during the forecast period. The increasing adoption of cloud-based services and applications by organizations has resulted in a growing need for security solutions that can protect cloud-based assets. Cloud-based XDR solutions offer several advantages over traditional on-premises solutions, such as ease of deployment, management, scalability, and accessibility from anywhere with an internet connection.
The COVID-19 pandemic has also increased the demand for cloud-based security solutions that protect remote workers and their devices. Moreover, cloud-based XDR solutions provide cost savings and flexibility to organizations, allowing them to benefit from pay-as-you-go pricing models and reduced capital expenditures. 
 
North-American Region is Leading the Market
 
According to the Extended Detection and Response Market forecast, the North-American region held the largest market revenue of $507 million in 2022. The high adoption rate of advanced security technologies, large enterprises and technology companies with complex IT infrastructures and the strict regulatory environment led to the highest market share. This region also has a high concentration of cloud service providers and data centres, creating opportunities for XDR vendors to provide more cloud-based security solutions.
 
Convergence of Security Technologies
 
Vendors integrate multiple security technologies, such as endpoint detection and response (EDR), network detection and response (NDR), and security information and event management (SIEM), into a unified platform to provide a complete picture of security events across the organization. This enables faster and more effective threat detection and response and the use of AI and machine learning algorithms to automate routine tasks such as incident response. The convergence is driven by the need for better security in complex IT environments.
 
Adoption by Small and Medium-Sized Enterprises (SMEs)
 
XDR solutions are tailored to the needs of SMEs and provide a more effective and efficient way to manage security threats, with features such as ease of cloud-based deployment, making it more affordable and scalable. The adoption of XDR solutions by SMEs drives the growth of the XDR market, and XDR vendors are increasingly focusing on developing solutions tailored to the needs of SMEs.
 
Partnerships and Acquisitions
In May 2022, SentinelOne, an independent cybersecurity platform company, acquired Attivo Networks. With this acquisition, SentinelOne extends XDR capabilities to identity-based threats across endpoint, cloud workloads, IoT devices, mobile, and data wherever it resides, setting the standard for XDR and accelerating enterprise zero trust adoption.
 
In March 2022, Google purchased the cybersecurity company Mandiant Inc. for $5.4 billion, the second highest acquisition for Google, adding internet security products to grow the Google’s cloud-computing business.
 
In January 2022, McAfee & FireEye merger yields Trellix, a unified XDR security company. Trellix, a new company formed from the merger of cybersecurity giants McAfee Enterprise and FireEye, is intent on becoming the leader in XDR technology by combining applications from both of the formerly separate companies into an interoperable suite of products for threat prevention, detection and response.
 
Key Market Players: 
Product/Service launches, approvals, patents and events, acquisitions, partnerships and collaborations are key strategies adopted by players in the Extended Detection and Response Market. The top 10 companies in this industry are listed below:
 
Scope of Report: 
 
 Report Metric Details

Base Year Considered

2022

Forecast Period

2023–2030

CAGR

19.3%

Market Size in 2030

$4.5 billion

Segments Covered

Component, Deployment Mode, Organization Size, Vertical, Geography

Geographies Covered

North America (U.S., Canada and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia, New Zealand and Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America), Rest of the World (Middle East and Africa).

 

 

 

Key Market Players

  1. BitDefender

  2.  Broadcom Corporation

  3. Confluera

  4. Cisco Systems Inc.

  5. Microsoft Corporation

  6. Palo Alto Networks Inc.

  7. Cynet AutoXDR

  8. Intel Corporation (McAfee Corp.TM)

  9. CrowStrike Holdings, Inc.

  10. Trend Micro Inc.

  11. Sophos Group

  12. SentinelOne Inc.

  13. Elastic Inc.

  14.   IBM Corporation

  15.   Fidelis Cybersecurity
 
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 1. Extended Detection and Response Market - Overview
    1.1. Definitions and Scope
 2. Extended Detection and Response Market - Executive Summary
 3. Extended Detection and Response Market - Comparative Analysis
    3.1. Company Benchmarking - Key Companies
    3.2. Global Financial Analysis - Key Companies
    3.3. Market Share Analysis - Key Companies
    3.4. Patent Analysis
    3.5. Pricing Analysis
 4. Extended Detection and Response Market - Start-up Companies Scenario
    4.1. Key Start-up Company Analysis by
        4.1.1. Investment
        4.1.2. Revenue
        4.1.3. Venture Capital and Funding Scenario
 5. Extended Detection and Response Market – Market Entry Scenario Premium
    5.1. Regulatory Framework Overview
    5.2. New Business and Ease of Doing Business Index
    5.3. Case Studies of Successful Ventures
 6. Extended Detection and Response Market - Forces
    6.1. Market Drivers
    6.2. Market Constraints
    6.3. Market Challenges
    6.4. Porter's Five Force Model
       6.4.1. Bargaining Power of Suppliers
       6.4.2. Bargaining Powers of Customers
       6.4.3. Threat of New Entrants
       6.4.4. Rivalry Among Existing Players
       6.4.5. Threat of Substitutes
 7. Extended Detection and Response Market – Strategic Analysis
    7.1. Value Chain Analysis
    7.2. Opportunities Analysis
    7.3. Market Life Cycle
 8. Extended Detection and Response Market – By Component (Market Size – $Million/$Billion) 
    8.1. Solutions
    8.2. Services
 9. Extended Detection and Response Market – By Deployment Mode (Market Size – $Million/$Billion) 
    9.1. On-Premises
    9.2. Cloud-based
    9.3. Hybrid
 10. Extended Detection and Response Market – By Organization Size (Market Size – $Million/$Billion)
    10.1. Large Enterprises
    10.2. Small and Medium-Sized Enterprises (SMEs)
 11. Extended Detection and Response Market – By Vertical (Market Size – $Million/$Billion) 
    11.1. Banking, Financial Services and Insurance
    11.2. Government
    11.3. Manufacturing
    11.4. Energy and Utilization
    11.5. Healthcare
    11.6. IT and Telecommunication
    11.7. Retail and Commerce
    11.8. Others
 12. Extended Detection and Response Market – By Geography (Market Size – $Million/$Billion) 
    12.1. North America
        12.1.1. The U.S.
        12.1.2. Canada
        12.1.3. Mexico
    12.2. Europe
        12.2.1. UK
        12.2.2. Germany
        12.2.3. France
        12.2.4. Italy
        12.2.5. Spain
        12.2.6. Russia
        12.2.7. Rest of Europe
    12.3. Asia-Pacific
        12.3.1. China
        12.3.2. India
        12.3.3. Japan
        12.3.4. South Korea
        12.3.5. Australia & New Zealand
        12.3.6. Rest of Asia-Pacific
    12.4. South America
        12.4.1. Brazil
        12.4.2. Argentina
        12.4.3. Chile
        12.4.4. Colombia
        12.4.5. Rest of South America
    12.5. Rest of the World
        12.5.1. Middle East
        12.5.2. Africa
 13. Extended Detection and Response Market – Entropy
 14. Extended Detection and Response Market – Industry/Segment Competition Landscape Premium 
    14.1. Market Share Analysis
        14.1.1. Market Share by Product Type – Key Companies
        14.1.2. Market Share by Region – Key Companies
        14.1.3. Market Share by Country – Key Companies
    14.2. Competition Matrix
    14.3. Best Practices for Companies
 15. Extended Detection and Response Market – Key Company List by Country Premium
 16. Extended Detection and Response Market - Company Analysis
    16.1. BitDefender
    16.2. Broadcom Corporation
    16.3. Confluera
    16.4. Cisco Systems Inc.
    16.5. Microsoft Corporation
    16.6. Palo Alto Networks Inc.
    16.7. Cynet AutoXDR
    16.8. Intel Corporation (McAfee Corp.TM)
    16.9. CrowStrike Holdings, Inc.
    16.10. Trend Micro Inc.
    16.11. Sophos Group
    16.12. SentinelOne Inc.
    16.13. Elastic Inc.
    16.14. IBM Corporation
    16.15. Fidelis Cybersecurity
 
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The Extended Detection and Response Market is projected to grow at 19.3% CAGR during the forecast period 2023-2030.

Global Extended Detection and Response Market size is estimated to be $1.3 billion in 2023 and is projected to reach $4.5 billion by 2030

The leading players in the Extended Detection and Response Market are BitDefender, Broadcom Corporation, Confluera, Cisco Systems Inc., Microsoft Corporation, Palo Alto Networks Inc., Cynet AutoXDR, Intel Corporation (McAfee Corp.TM), CrowStrike Holdings, Inc. and others.

The integration of AI and machine learning, the adoption of cloud-based deployment, the convergence of security technologies, the adoption by small and medium-sized enterprises (SMEs), and the increasing demand for managed security services contribute to the growth of this market. These trends are expected to continue driving the development of the XDR market in the coming years as organizations seek more advanced and integrated solutions to manage their security risks.

Increasing cyber threats, growing adoption of cloud-based services, need for simplified security operations, and increased investment in cybersecurity are the driving factors of the market.