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According to Next Move Strategy Consulting, the Extended Detection and Response Market is predicted to reach USD 4.67 billion expanding at a CAGR of 18.8% till 2030.
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Extended Detection and Response Market The global Extended Detection and Response Market size is predicted to reach USD 4.67 billion expanding at a CAGR of 18.8% from 2024 to 2030 North America dominated the global Extended Detection and Response Market Asia-Pacific is anticipated to exhibit substantial growth in the global extended detection and response market Next Move Strategy Consulting
Agenda • Market Overview • Market Segmentation • Regional Analysis • Key Market Players • Key Highlights Next Move Strategy Consulting
Market Overview • Extended detection and response is a cybersecurity system that detects • and mitigates cybersecurity threats. It is an innovative threat detection • and response method, offering comprehensive protection against • cyberattacks, unwanted access, and data exploitation. • This system gathers and correlates data from numerous network points such as email, servers, cloud workloads, and endpoints. • The demand for extended detection and response is witnessing an uptick due to the rising number of data breaches and online frauds globally, leading to various organizations adopting edge-computing and decentralized security measures. • The growing trends of adopting bring your own device (BYOD) along with enterprise mobility trends across organizations including government, IT & telecommunication, and BFSI sectors is further boosting the growth of the extended detection and response market. Next Move Strategy Consulting
Market Segmentation • By Component • Solution • Service • By Industry • BFSI • Government • Manufacturing • Energy & Utilities • Healthcare • Retail & E-Commerce • IT & Telecom • Others • By Enterprise Size • Large Enterprises • SMEs • By Deployment Model • On-Premise • Cloud Next Move Strategy Consulting
Regional Analysis • North America • The U.S. • Canada • Mexico • Asia-Pacific • China • India • Japan • South Korea • Australia • Rest of Asia-Pacific • RoW • UAE • Saudi Arabia • South Africa • Brazil • Remaining Countries • Europe • The UK • Germany • France • Italy • Spain • Denmark • Netherlands • Finland • Sweden • Norway • Russia Next Move Strategy Consulting
Key Market Players • Bitdefender • Broadcom Corporation • Cisco Systems Inc. • Cynet • McAfee Corporation • Microsoft Corporation • Palo Alto Networks • IBM Corporation • Sophos Ltd. • SentinelOne Inc. Next Move Strategy Consulting
Key Highlights Market Growth : The XDR market has been experiencing significant growth due to increasing cyber threats and the need for more integrated security solutions. Forecasts often predict strong growth rates in the coming years. Integration and Efficiency : XDR solutions provide a unified platform that integrates various security components such as endpoint detection and response (EDR), network traffic analysis, and security information and event management (SIEM). This integration helps in streamlining security operations and improving response times. Advanced Threat Detection: XDR platforms leverage advanced analytics, machine learning, and artificial intelligence to detect and respond to threats more effectively. This includes the ability to correlate data across different security layers for a more comprehensive view. Increased Adoption: There is growing adoption of XDR solutions among organizations of all sizes, driven by the need for better threat detection, improved response times, and reduced complexity in managing multiple security tools. Next Move Strategy Consulting
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