Published Date: 12-May-22
Industry Insights | Market Trends | Highest number of Tables | 24/7 Analyst Support
According to a new report, published by KBV research, The Global Extended Detection And Response Market size is expected to reach $1.6 billion by 2027, rising at a market growth of 19.9% CAGR during the forecast period.
The Services segment is showcasing a CAGR of 20.8% during (2021 - 2027). The requirement for managed services is being driven by the evolving dangers of cyber threats across an organization's security parameters. Managed XDR vendors to monitor enterprises' IT infrastructures in real-time, detecting and mitigating advanced issues. Moreover, the services segment is being driven by increased demand for installation and training services.
The On-premises segment acquired the maximum revenue share in the Global Extended Detection And Response Market by Deployment Type 2020; thereby, achieving a market value of $878.7 million by 2027. This is because enterprises with the requisite IT infrastructure prefer to have XDR solutions installed on their premises since they have complete control over the solution and upgrades. In addition, on-premise extended detection and response systems are used by a variety of major organizations and businesses that deal with sensitive corporate data because they give the highest level of data protection and physical access controls.
The Small & Medium Enterprises (SMEs) segment has shown growth rate of 22.3% during (2021 - 2027). This is because SMEs are using XDR solutions to discover security weaknesses and minimize cyber risks as the popularity of mobile and web-based applications for corporate operations grows. Threat detection and response solutions are becoming increasingly popular among SMEs.
North America is the fastest growing region in the Global Extended Detection And Response Market by Region 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $723.5 million by 2027. The Europe market is estimated to witness a CAGR of 18.9% during (2021 - 2027). Additionally, The Asia Pacific market would exhibit a CAGR of 22.3% during (2021 - 2027).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of McAfee Corp., Microsoft Corporation, Cynet Security, Bitdefender SRL, Fidelis Cybersecurity, Inc., SentinelOne, BENQ, Palo Alto Networks, Inc., and Sophos Group PLC.
By Deployment Type
Unique Offerings from KBV Research