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Extended Detection and Response Market Trends

Report ID: GMI5505
Published Date: Jul 2023
Report Format: PDF

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Extended Detection and Response Market Trends

The growing need for real-time monitoring and investigation of advanced threats is compelling organizations to implement security solutions that extend threat detection capabilities beyond endpoints to multiple security control points such as emails, servers, the cloud, and networks. This is encouraging the use of XDR tools that enable behavioral and telemetry analysis across multiple security layers. These tools enable security analysts to visualize various threats. Furthermore, XDR tools reduce the downtime of critical servers by providing customized incident responses.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of extended detection and response was reached USD 1.4 billion in 2022 and is set to record over 19% CAGR from 2023 to 2032, due to the rising risk of cyber threats and the continuous advancements in technologies, including the cloud and the Internet of Things (IoT).

North America held over 40% of the market share in 2022 and will exceed USD 3 billion in 2032, owing to the rising volume of cyber threats, such as data breaches, ransomware attacks, and advanced persistent threats.

The BFSI industry vertical segment held over 25% of the XDR market share in 2022 and is estimated to expand by 2032, owing to the rising number of data breaches, ransomware, and phishing attempts.

Some leading extended detection and response companies include Barracuda Networks, Bitdefender, Cybereason, Cynet, Blueshift, CrowdStrike, eSentire, Palo Alto Networks, and Qualys.