Extended Detection and Response Market Size
The global extended detection and response market size was valued at USD 1.4 Billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 19% from 2023 to 2030
Extended detection and response (XDR) is a new technology in security, created to meet the demand for advanced and all-encompassing detection and response. Continuous innovations in technologies like the cloud and the Internet of Things (IoT) have increased the risk of cyber threats, making it difficult to protect critical data. Consequently, companies are investing in various security solutions to enhance their security and mitigate duplicate attacks.
To get key market trends
Download Sample Ask for Discount Request Customization
The increased integration of multiple software solutions into the existing systems and growing complexities in managing multiple security threats with limited context are reducing the visibility of security teams, thereby disrupting business operations. This factor has encouraged the development of XDR technology, which employs Machine Learning (ML) and dynamic analytics to provide extended visibility, response, and analysis across clouds, networks & endpoints.
| Report Attribute | Details |
|---|---|
| Base Year | 2022 |
| Extended Detection and Response Market Size in 2022 | USD 1.4 Billion |
| Forecast Period | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR | 19% |
| 2032 Value Projection | USD 8 Billion |
| Historical Data for | 2018 - 2022 |
| No. of Pages | 350 |
| Tables, Charts & Figures | 295 |
| Segments covered | Offering, Deployment Model, Organization Size, Industry Vertical, and Region |
| Growth Drivers |
|
| Pitfalls & Challenges |
|
What are the growth opportunities in this market?
Think of XDR as your cybersecurity superhero squad, where they unite the abilities of various tools and technologies in one powerful platform. Think of it as an army of sensors coalescing to protect your data. In contrast to other cybersecurity products that target a solitary endpoint, such as your laptop or phone, XDR operates at a larger level. It gathers data from all of your security solutions, including network firewalls, antivirus programs, and cloud security solutions. Imagine it as a sleuth with access to an enormous array of cameras, insiders, and forensic tools. It processes all of this information with ultra-intelligent algorithms and threat intelligence to identify potential dangers and incidents that could have fallen through the cracks previously. This gives you a full view of your security stance, so you can prioritize the most vital risks and react instantly to any threats.
Deploying an XDR solution can be daunting because it entails integration with the current security infrastructure and multiple sources of data. It can involve aggregating information from several security tools and platforms, which might be difficult and time-consuming. Achieving interoperability and smooth integration across diverse systems and technologies can be a challenge for organizations.
In addition, these solutions also involve large monetary investments and regular operational expenses. The installation, upkeep, and administration of XDR platforms may be resource demanding, requiring experienced cybersecurity professionals and dedicated hardware. Small organizations with limited resources and budgets may not have an easy time implementing and maintaining XDR market.
COVID-19 Impact
During 2020, the COVID-19 pandemic created a major challenge to the majority of security companies globally. The pandemic diverted the focus of numerous firms towards operational solutions and cloud-delivered security solutions that have the ability to work without a LAN connection as well as emphasize the need to move to cloud data centers & Software-as-a-Service (SaaS) applications. This led to the adoption of XDR solutions for accessing policies remotely and monitoring threats through the cloud & business networks.
The pandemic-induced stay-at-home orders compelled organizations to shift to the remote working paradigm, accelerating the significance of digitization and automation in security monitoring & threat detection. With real-time security and workflow management features, XDR solutions allow security analysts to invest less time in redundant training, tasks, and support. They also send notifications whenever incidents happen along with their severity level, besides typical management and workflow management operations.
Extended Detection and Response Market Trends
The increasing demand for real-time monitoring and analysis of advanced threats is leading organizations to deploy security solutions that expand threat detection capabilities beyond the endpoint to several security control points like emails, servers, the cloud, and networks. This is promoting the adoption of XDR tools that allow behavioral and telemetry analysis across several layers of security. These tools allow security analysts to map different threats. In addition, XDR solutions minimize downtime of important servers by offering tailored incident response.
Extended Detection and Response Market Analysis
By offering, the extended detection and response market is segmented into solutions and services. The requirement for an integrated solution that can give an end-to-end view of cyber threats from across various control points, from endpoints to networks and servers, has been the key driver of XDR solution adoption. In addition, the complexity involved in handling multiple security solutions and the alerts offered by these solutions have given rise to a demand for these solutions, which has also driven segment growth.
Learn more about the major segments driving this market
Download Sample Ask for Discount Request Customization
According to the deployment type, the extended detection and response market is classified as on-premises and cloud. Enterprises that have their IT infrastructure requirements compulsory like prefer installing extended detection and response solution on their location since they get to own upgrades and solutions wholly. Additionally, on-premises XDR solutions are favorite to most enterprises and organizations which handle sensitive business data due to maximum data safety and physical accessibility controls offered by such solutions.
On the basis of organization size, the market for extended detection and response is segmented into large enterprises and SMEs. A vast majority of employees handle sensitive business data and information on their desktops, thus, large organizations are highly susceptible to cyber threats. Additionally, the increasing trend of Bring Your Own Device (BYOD) among tech firms is intensifying the risk of cyberattacks, spurring demand for XDR solutions.
Find out more about the most prominent segments defining this market
BFSI segment commanded 25% of the market share of the extended detection and response market during 2022. BFSI sector is plagued by more serious cybersecurity threats due to the management of sensitive data on financial transactions and customer records. Data breach, ransomware, and phishing attacks are widespread. XDR solutions offer evolved threat detection & response features through which BFSI organizations can easily identify and deter cyber threats to a greater degree, reducing eventual financial losses as well as brand damage.
Searching for region specific information?
North America detection and response market held more than 40% of the revenue share in 2022 and is expected to reach USD 3 billion in 2032. The region witnesses a high number of cyber attacks such as data breaches, ransomware attacks, and advanced persistent threats. To build up their cybersecurity defenses, organizations are moving towards XDR solutions to acquire end-to-end threat detection, response, and remediation capabilities.
North America has strict data privacy and compliance laws like the Health Insurance Portability and Accountability Act (HIPAA) and the California Consumer Privacy Act (CCPA). Companies in the healthcare, finance, and government sectors need to comply with these laws and have strong security controls in place. XDR solutions assist them in doing so by offering enhanced threat detection, incident response, and compliance reporting features.
Download Sample Ask for Discount Request Customization
Extended Detection and Response Market Share
Some major companies operating in the extended detection and response market are
- Barracuda Networks
- Bitdefender
- Cybereason
- Cynet
- Blueshift
- CrowdStrike
- eSentire
- Palo Alto Networks
- Qualys
These players are focused on strategic partnerships, new product launches, and commercialization efforts for market expansion. They are heavily investing in research to introduce innovative products and garner the maximum market revenue.
Extended Detection and Response Industry News
- In October 2022, Secureworks, Inc. released Taegis, an extended detection and response platform. It includes Taegis ManagedXDR and Taegis XDR, which enable Japanese enterprises to improve their cybersecurity solutions and reduce cyber risks.
- In March 2022, Microsoft Corporation acquired Nuance Communications Inc., a company based in Massachusetts that specializes in artificial intelligence. The acquisition enabled Microsoft Corporation to provide security-focused, vertically optimized AI- & cloud-based solutions.
This extended detection and response (XDR) market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Billion) from 2018 to 2032, for the following segments
Click here to Buy Section of this Report
Market, By Offering
- Solutions
- Services
Market, By Deployment Mode
- On-premises
- Cloud
Market, By Organization Size
- Large enterprises
- SMEs
Market, By Industry Vertical
- BFSI
- Government
- Manufacturing
- Retail & e-commerce
- Energy & utilities
- Others
The above information has been provided for the following regions and countries
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Russia
- Asia Pacific
- China
- India
- Japan
- South Korea
- Latin America
- Brazil
- Mexico
- MEA
- UAE
- Saudi Arabia
- South Africa
Related Reports
FAQ'S
For a single, multi and corporate client license, the report will be available in PDF format. Sample report would be given you in excel format. For more questions please contact:
Within 24 to 48 hrs.
You can contact Sales team (sales@marketinsightsresearch.com) and they will direct you on email
You can order a report by selecting payment methods, which is bank wire or online payment through any Debit/Credit card, Razor pay or PayPal.
Discounts are available.
Hard Copy