The Asia Pacific Extended Detection And Response Market would witness market growth of 22.3% CAGR during the forecast period (2021-2027).
Organizations are gradually adopting increasingly decentralized and edge-based security solutions, such as expanded detection and response software, in response to a rise in the incidence of data breaches around the world. In addition, Extended Detection and Response (XDR) improves SOC productivity by giving analysts a single view of threats observed across a variety of data flows and security tools, including cloud security tools, network detection platforms, endpoint detection solutions, firewalls, and email security tools. Additionally, it is a cloud-native platform with a large data infrastructure that gives security teams additional scalability, automation, and flexibility.
XDR systems have grown in popularity across many countries as a result of their improved visibility and knowledge of security issues. Moreover, enterprise security analysts can minimize and target cyber risks based on the severity with which they potentially harm the organization's IT infrastructure by integrating XDR solutions. Because of the growing popularity of XDR solutions, various cybersecurity providers in such countries have begun to offer advanced EDR and XDR solutions.
In recent years, the region has witnessed increased technological advances in Japan and China. In addition, regional companies are investing a high amount in IT infrastructure and witnessing an increase in the number of data breaches. Asia Pacific is the largest IoT market in terms of connections, according to the GSM Association. As a result, the demand for XDR solutions to secure data across companies, whether on IoT devices, in the cloud, in email, or on-premises servers, is projected to rise. Due to increased service providers and rising government and multinational business investments in various security initiatives, the regional market may witness higher demand for security solutions.
Cybercrime is on the rise in Asia Pacific due to the widespread use of smartphones and the rising usage of IoT. China, India, and Singapore, for example, have implemented a number of cybersecurity rules and changes to promote greater data protection.
The China market dominated the Asia Pacific Extended Detection And Response Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $118 million by 2027. The Japan market is anticipated to grow at a CAGR of 21.6% during (2021 - 2027). Additionally, The India market would experience a CAGR of 23.1% during (2021 - 2027).
Based on Component, the market is segmented into Solution and Services. Based on Deployment Type, the market is segmented into On-premises and Cloud. Based on Application, the market is segmented into Large Enterprises and Small & Medium Enterprises (SMEs). Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Extended Detection and Response Market is Projected to reach USD 1.6 Billion by 2027, at a CAGR of 19.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include McAfee Corp., Microsoft Corporation, Cynet Security, Bitdefender SRL, Fidelis Cybersecurity, Inc., SentinelOne, BENQ, Palo Alto Networks, Inc., and Sophos Group PLC.
By Component
By Deployment Type
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