Extended Detection and Response Market Size - By Offering (Solutions, Services), By Deployment Mode (On-premises, Cloud), By Organization Size (Large Enterprises, SMEs), Industry Vertical & Global Forecast 2023

Description

List of Tables

Extended Detection and Response Market size is projected to witness 19% CAGR from 2023-2032 fueled by the escalating cybersecurity threats worldwide. With the proliferation of sophisticated cyberattacks, including ransomware, phishing, and nation-state-sponsored threats, organizations are increasingly recognizing the urgency of bolstering security defenses. The integration of ML and AI into XDR solutions is also enabling the analysis of vast datasets in real time for identifying unusual patterns and behaviors indicative of potential threats.

To that end, businesses are adopting XDR solutions as proactive measures to stay ahead of cyber adversaries. The growing efforts led by industry players on introducing advanced and innovative XDR solutions is also expected to propel the market growth. For instance, in April 2023, Cisco revealed plans to introduce its XDR service with SaaS-delivered integrated system of network, endpoint, email, firewall, and identity software focused on protecting organizational resources.

The overall extended detection and response market is segmented based on offering, deployment mode, organization size, industry vertical and region.

With respect to offering, the market value from the service segment is estimated to expand through 2032. The growing complexity of cyber threats has increased the demand for XDR services to augment the cybersecurity capabilities. Additionally, compliance requirements and regulations are pushing organizations to invest in robust cybersecurity services to ensure data protection and regulatory adherence, further contributing to the industry development.

Based on deployment mode, the cloud-based extended detection and response market is set to gain momentum between 2023 and 2032. Cloud-based XDR solutions offer improved scalability, flexibility, and accessibility compared to their on-premise alternatives. This has led to the increasing number of organizations opting for cloud-based XDR solutions to enhance their cybersecurity posture. Industry players are also introducing innovative solutions to cater to the rising product end-user demands. To cite an instance, in August 2023, VMware, Inc., announced new developments in its Carbon Black Extended Detection and Response strategy to focus on cloud-native apps.

Asia Pacific extended detection and response market is projected to exhibit over 21.5% CAGR through 2032. With the rising adoption of technologies, such as cloud computing, IoT, and mobile technologies, the need for comprehensive threat detection and response solutions including XDR is surging rapidly. Lately, Southeast Asian businesses have turned popular targets for ransomware attacks. In March 2023, Kaspersky introduced its XDR platform for companies to empower their security teams with professional detection and response tools to assist them in strengthening their cybersecurity capabilities to protect against ransomware that targets corporations. Such ongoing developments by market participants are likely to augment the industry outlook.

Product Code: 5505

Chapter 1 Methodology & Scope

1.1 Market scope & definition
1.2 Base estimates & calculations
1.3 Forecast calculation
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Extended Detection and Response market 360 degree synopsis, 2018 - 2032
2.2 Business trends
- 2.2.1 Total Addressable Market (TAM), 2023-2032
2.3 Regional trends
2.4 Offering trends
2.5 Deployment mode trends
2.6 Organization size trends
2.7 Industry vertical trends

Chapter 3 Extended Detection and Response market Industry Insights

3.1 Impact of COVID-19
3.2 Impact of the Russia-Ukraine war
3.3 Industry ecosystem analysis
3.4 Vendor matrix
3.5 Profit margin analysis
3.6 Technology & innovation landscape
3.7 Patent analysis
3.8 Key news and initiatives
- 3.8.1 Partnership/Collaboration
- 3.8.2 Merger/Acquisition
- 3.8.3 Investment
- 3.8.4 Product launch & innovation
3.9 Regulatory landscape
3.10 Impact forces
- 3.10.1 Growth drivers
  - 3.10.1.1 Growing complexity of IT Environments
  - 3.10.1.2 Integration of security technologies into a unified platform
  - 3.10.1.3 Increased adoption of cloud based services
  - 3.10.1.4 Increasing demand for integrated security solutions
- 3.10.2 Industry pitfalls & challenges
  - 3.10.2.1 Privacy and compliance concerns
3.11 Growth potential analysis
3.12 Porter's analysis
3.13 PESTEL analysis

Chapter 4 Competitive Landscape, 2022

4.1 Introduction
4.2 Company market share, 2022
4.3 Competitive analysis of major market players, 2022
- 4.3.1 CrowdStrike
- 4.3.2 Palo Alto Networks
- 4.3.3 Cybereason
- 4.3.4 Barracuda Networks
- 4.3.5 Cynet
4.4 Competitive positioning matrix, 2022
4.5 Strategic outlook matrix, 2022

Chapter 5 Extended Detection and Response Market Estimates & Forecast, By Offering (Revenue)

5.1 Key trends, by offering
5.2 Solution
5.3 Services

Chapter 6 Extended Detection and Response Market Estimates & Forecast, By Deployment Mode (Revenue)

6.1 Key trends, by deployment mode
6.2 Cloud
6.3 On-premises

Chapter 7 Extended Detection and Response Market Estimates & Forecast, By Organization Size (Revenue)

7.1 Key trends, by organization size
7.2 Large Enterprises
7.3 SMEs

Chapter 8 Extended Detection and Response Market Estimates & Forecast, By Industry Vertical (Revenue)

8.1 Key trends, by industry vertical
8.2 BFSI
8.3 Government
8.4 Manufacturing
8.5 Retail & E-commerce
8.6 Energy & Utilities
8.7 Others

Chapter 9 Extended Detection and Response Market Estimates & Forecast, By Region (Revenue)

9.1 Key trends, by region
9.2 North America
- 9.2.1 U.S.
- 9.2.2 Canada
9.3 Europe
- 9.3.1 UK
- 9.3.2 Germany
- 9.3.3 France
- 9.3.4 Italy
- 9.3.5 Spain
- 9.3.6 Russia
9.4 Asia Pacific
- 9.4.1 China
- 9.4.2 India
- 9.4.3 Japan
- 9.4.4 South Korea
9.5 Latin America
- 9.5.1 Brazil
- 9.5.2 Mexico
9.6 MEA
- 9.6.1 UAE
- 9.6.2 Saudi Arabia
- 9.6.3 South Africa

Chapter 10 Company Profiles

10.1 Barracuda Networks
10.2 Bitdefender
10.3 Blueshift
10.4 CrowdStrike
10.5 Cybereason
10.6 Cynet
10.7 eSentire
10.8 Palo Alto Networks
10.9 Qualys
10.10 SentinelOne
10.11 Trellix
10.12 Trend Micro