South & Central America Extended Detection and Response Market Forecast to 2031 - Regional Analysis - by Component, Deployment, Enterprise Size, and End User

Description

List of Tables

The South & Central America extended detection and response market was valued at US$ 35.31 million in 2023 and is expected to reach US$ 137.56 million by 2031; it is estimated to record a CAGR of 18.5% from 2023 to 2031.

Increasing Adoption of Managed XDR Fuels South & Central America Extended Detection and Response Market

Managed XDR refers to a service model that provides a subscription-based XDR capability delivered by a third-party provider. Organizations looking to add XDR value to their current security teams and solutions will find managed XDR solutions appealing. Organizations using Managed XDR (MXDR) solutions can benefit from lower complexity, cost, and risk associated with outsourcing in addition to the advantages of XDR, such as enhanced visibility, detection, and reaction. In order to improve security results, managed XDR solutions will also give users access to professional advice, best practices, and threat intelligence. In addition, key companies in the market are increasingly engaging themselves in various strategic decisions such as product launches and partnerships. For instance, in May 2024, Sekuro launched a managed extended detection and response (XDR) platform, offering sovereign architecture and adaptive intelligence. In May 2024, Noventiq achieved Microsoft-verified MXDR solution status. By achieving this status, Noventiq has proven its robust MXDR services, including a security operations center (SOC) with 24/7/365 proactive hunting, monitoring, and response capabilities, all built on tight integrations with the Microsoft Security platform. Similarly, in June 2023, Critical Start announced the launch of its new managed XDR offering, which unifies Critical Start's award-winning MDR service with a cloud-delivered collection, storage, and search platform for security-relevant log sources. In December 2023, BlackBerry Limited announced an update to its BlackBerry Guard MDR service to deliver MXDR service. Thus, the increasing adoption of MXDR is expected to provide lucrative opportunities for the players operating in the extended detection and response market growth in the coming years.

South & Central America Extended Detection and Response Market Overview

The South & Central America extended detection and response market consists of Brazil, Argentina, and the Rest of South & Central America. The region is widely adopting digital revolutions in various sectors such as BFSI, automotive, IT & telecom, and manufacturing. The region is inclined toward the adoption of solutions that reduce operational costs, minimize downtime, and enhance overall productivity and IT security. The growing digitalization is driving the extended detection and response market in SAM. In addition, the growing concern over cyberattacks drives the adoption of extended detection and response solutions by SMEs and large enterprises across wide industries.

South & Central America Extended Detection and Response Market Revenue and Forecast to 2031 (US$ Million)

South & Central America Extended Detection and Response Market Segmentation

The South & Central America extended detection and response market is segmented based on component, deployment, enterprise size, end user, and country. Based on component, the South & Central America extended detection and response market is bifurcated into software and services. The software segment held a larger market share in 2023.

In terms of deployment, the South & Central America extended detection and response market is bifurcated into cloud and on-premises. The cloud segment held a larger market share in 2023.

Based on enterprise size, the South & Central America extended detection and response market is bifurcated into large enterprises and SMEs. The large enterprises segment held a larger market share in 2023.

By end user, the South & Central America extended detection and response market is categorized into IT & Telecom, BFSI, healthcare, retail and Ecommerce, manufacturing, and others. The IT & Telecom segment held the largest market share in 2023.

Based on country, the South & Central America extended detection and response market is segmented into Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the South & Central America extended detection and response market share in 2023.

Broadcom Inc, Palo Alto Networks Inc, Microsoft Corp, Sophos Ltd, Cisco Systems Inc, International Business Machines Corp, Check Point Software Technologies Ltd, Fortinet Inc, and Cybereason Inc are some of the leading players operating in the South & Central America extended detection and response market.

Product Code: BMIRE00031551

1. Introduction

1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights
2.2 Market Attractiveness

3. Research Methodology

3.1 Secondary Research
3.2 Primary Research
- 3.2.1 Hypothesis formulation:
- 3.2.2 Macro-economic factor analysis:
- 3.2.3 Developing base number:
- 3.2.4 Data Triangulation:
- 3.2.5 Country level data:

4. Extended Detection and Response Market Landscape

4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
- 4.3.1 Software Providers:
- 4.3.2 Regulatory Compliance and Certification Bodies:
- 4.3.3 Service Providers and System Integrators:
- 4.3.4 End Users:
- 4.3.5 List of Vendors in Value Chain

5. South & Central America Extended Detection and Response Market - Key Market Dynamics

5.1 Extended Detection and Response Market - Key Market Dynamics
5.2 Market Drivers
- 5.2.1 Increasing Number of Cyberattacks
- 5.2.2 Growing Need to Shift from Endpoint Detection and Response to Extended Detection and Response
- 5.2.3 Increasing Complexity of Business Processes
5.3 Market Restraints
- 5.3.1 Integration and Interoperability Issues
5.4 Market Opportunities
- 5.4.1 Increasing Adoption of Managed XDR
5.5 Trends
- 5.5.1 Integration with Advanced Technologies such as Machine Learning and Artificial Intelligence
5.6 Impact of Drivers and Restraints:

6. Extended Detection and Response Market - South & Central America Market Analysis

6.1 Overview
6.2 Extended Detection and Response Market Revenue (US$ Million), 2021-2031
6.3 Extended Detection and Response Market Forecast Analysis

7. South & Central America Extended Detection and Response Market Analysis - by Component

7.1 Software
- 7.1.1 Overview
- 7.1.2 Software: Extended Detection and Response Market - Revenue and Forecast to 2031 (US$ Million)
7.2 Services
- 7.2.1 Overview
- 7.2.2 Services: Extended Detection and Response Market - Revenue and Forecast to 2031 (US$ Million)

8. South & Central America Extended Detection and Response Market Analysis - by Deployment

8.1 Cloud
- 8.1.1 Overview
- 8.1.2 Cloud: Extended Detection and Response Market - Revenue and Forecast to 2031 (US$ Million)
8.2 On-Premises
- 8.2.1 Overview
- 8.2.2 On-Premises: Extended Detection and Response Market - Revenue and Forecast to 2031 (US$ Million)

9. South & Central America Extended Detection and Response Market Analysis - by Enterprise Size

9.1 Large Enterprises
- 9.1.1 Overview
- 9.1.2 Large Enterprises: Extended Detection and Response Market - Revenue and Forecast to 2031 (US$ Million)
9.2 SMEs
- 9.2.1 Overview
- 9.2.2 SMEs: Extended Detection and Response Market - Revenue and Forecast to 2031 (US$ Million)

10. South & Central America Extended Detection and Response Market Analysis - by End User

10.1 IT and Telecom
- 10.1.1 Overview
- 10.1.2 IT and Telecom: Extended Detection and Response Market - Revenue and Forecast to 2031 (US$ Million)
10.2 BFSI
- 10.2.1 Overview
- 10.2.2 BFSI: Extended Detection and Response Market - Revenue and Forecast to 2031 (US$ Million)
10.3 Healthcare
- 10.3.1 Overview
- 10.3.2 Healthcare: Extended Detection and Response Market - Revenue and Forecast to 2031 (US$ Million)
10.4 Manufacturing
- 10.4.1 Overview
- 10.4.2 Manufacturing: Extended Detection and Response Market - Revenue and Forecast to 2031 (US$ Million)
10.5 Retail and Ecommerce
- 10.5.1 Overview
- 10.5.2 Retail and Ecommerce: Extended Detection and Response Market - Revenue and Forecast to 2031 (US$ Million)
10.6 Others
- 10.6.1 Overview
- 10.6.2 Others: Extended Detection and Response Market - Revenue and Forecast to 2031 (US$ Million)

11. South & Central America Extended Detection and Response Market - Country Analysis

11.1 South & Central America
- 11.1.1 South & Central America Extended Detection and Response Market Overview
- 11.1.2 South and Central America: Extended Detection and Response Market - Revenue and Forecast Analysis - by Country
  - 11.1.2.1 South and Central America: Extended Detection and Response Market - Revenue and Forecast Analysis - by Country
  - 11.1.2.2 Brazil: Extended Detection and Response Market - Revenue and Forecast to 2031 (US$ Million)
    - 11.1.2.2.1 Brazil: Extended Detection and Response Market Breakdown, by Component
    - 11.1.2.2.2 Brazil: Extended Detection and Response Market Breakdown, by Deployment
    - 11.1.2.2.3 Brazil: Extended Detection and Response Market Breakdown, by Enterprise Size
    - 11.1.2.2.4 Brazil: Extended Detection and Response Market Breakdown, by End User
  - 11.1.2.3 Argentina: Extended Detection and Response Market - Revenue and Forecast to 2031 (US$ Million)
    - 11.1.2.3.1 Argentina: Extended Detection and Response Market Breakdown, by Component
    - 11.1.2.3.2 Argentina: Extended Detection and Response Market Breakdown, by Deployment
    - 11.1.2.3.3 Argentina: Extended Detection and Response Market Breakdown, by Enterprise Size
    - 11.1.2.3.4 Argentina: Extended Detection and Response Market Breakdown, by End User
  - 11.1.2.4 Rest of South and Central America: Extended Detection and Response Market - Revenue and Forecast to 2031 (US$ Million)
    - 11.1.2.4.1 Rest of South and Central America: Extended Detection and Response Market Breakdown, by Component
    - 11.1.2.4.2 Rest of South and Central America: Extended Detection and Response Market Breakdown, by Deployment
    - 11.1.2.4.3 Rest of South and Central America: Extended Detection and Response Market Breakdown, by Enterprise Size
    - 11.1.2.4.4 Rest of South and Central America: Extended Detection and Response Market Breakdown, by End User

12. Competitive Landscape

12.1 Company Positioning & Concentration
12.2 Heat Map Analysis by Key Players

13. Industry Landscape

13.1 Overview
13.2 Market Initiative
13.3 Merger and Acquisition
13.4 Product Development

14. Company Profiles

14.1 Broadcom Inc
- 14.1.1 Key Facts
- 14.1.2 Business Description
- 14.1.3 Products and Services
- 14.1.4 Financial Overview
- 14.1.5 SWOT Analysis
- 14.1.6 Key Developments
14.2 Palo Alto Networks Inc
- 14.2.1 Key Facts
- 14.2.2 Business Description
- 14.2.3 Products and Services
- 14.2.4 Financial Overview
- 14.2.5 SWOT Analysis
- 14.2.6 Key Developments
14.3 Microsoft Corp
- 14.3.1 Key Facts
- 14.3.2 Business Description
- 14.3.3 Products and Services
- 14.3.4 Financial Overview
- 14.3.5 SWOT Analysis
- 14.3.6 Key Developments
14.4 Sophos Ltd.
- 14.4.1 Key Facts
- 14.4.2 Business Description
- 14.4.3 Products and Services
- 14.4.4 Financial Overview
- 14.4.5 SWOT Analysis
- 14.4.6 Key Developments
14.5 Cisco Systems Inc
- 14.5.1 Key Facts
- 14.5.2 Business Description
- 14.5.3 Products and Services
- 14.5.4 Financial Overview
- 14.5.5 SWOT Analysis
- 14.5.6 Key Developments
14.6 International Business Machines Corp
- 14.6.1 Key Facts
- 14.6.2 Business Description
- 14.6.3 Products and Services
- 14.6.4 Financial Overview
- 14.6.5 SWOT Analysis
- 14.6.6 Key Developments
14.7 Check Point Software Technologies Ltd
- 14.7.1 Key Facts
- 14.7.2 Business Description
- 14.7.3 Products and Services
- 14.7.4 Financial Overview
- 14.7.5 SWOT Analysis
- 14.7.6 Key Developments
14.8 Fortinet Inc
- 14.8.1 Key Facts
- 14.8.2 Business Description
- 14.8.3 Products and Services
- 14.8.4 Financial Overview
- 14.8.5 SWOT Analysis
- 14.8.6 Key Developments
14.9 Cybereason Inc
- 14.9.1 Key Facts
- 14.9.2 Business Description
- 14.9.3 Products and Services
- 14.9.4 Financial Overview
- 14.9.5 SWOT Analysis
- 14.9.6 Key Developments

15. Appendix

15.1 Word Index
15.2 About The Insight Partners