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Extended Detection & Response Market size was valued at US$ 604.99 Mn. in 2021 and the total revenue is expected to grow at 19.8% through 2021 to 2029, reaching nearly US$ 2566.86 Mn.
Extended Detection & Response Market Overview:
The Extended Detection & Response market study gives a complete view of the competition, including the market share and company profiles of the worldwide industry's leading competitors. The scope of the research includes a full assessment of the Extended Detection & Response Market, as well as the reasons for variations in the industry's growth across a number of sectors.
Market Scope:
To validate the market size and estimate the market size by different segments, top-down and bottom-up methodologies are utilized. The research's market estimates are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). Weights applied to each section based on usage rate and average sale price are used to determine percentage splits, market shares, and segment breakdowns. The percentage adoption or usage of the provided market Size in the relevant area or nation is used to determine the country-wise splits of the overall market and its sub-segments.
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Segmentation:
Over the years, XDR solutions have become more and more popular in the United States. Enterprise security analysts can eliminate and locate cyber dangers based on the severity of cyber threats affecting the organization's IT infrastructure by integrating XDR technologies. Many network security providers in the United States have launched improved EDR and XDR solutions in response to the growing demand for XDR solutions. Sentinel One, a cyber-security solution provider based in the United States, for example, announced an artificial intelligence-based XDR solution in February 2021 that delivers advanced threat detection and detection of physical or virtual, internal or cloud services.
On the basis of component, the extended detection & response market is sub-segmented into Solutions, Services. The solution segment held the largest share of 60% in 2021. The demand for a unified solution that can give a holistic view of cyber threats across many control points, such as endpoints, networks, and servers, has aided XDR solution adoption. Furthermore, the need to lessen the difficulties associated with managing several security systems, as well as the warnings supplied by such solutions, has aided the segment growth.
Key Players:
Primary and secondary research is used to identify market leaders, while primary and secondary research is utilized to determine market revenue. Primary research included in-depth interviews with key opinion leaders and industry specialists such as experienced front-line personnel, CEOs, and marketing executives. Secondary research included a review of the leading manufacturers' annual and financial reports, whereas primary research included in-depth interviews with key opinion leaders and industry specialists such as experienced front-line personnel, CEOs, and marketing executives. Secondary sources are utilized to compute percentage splits, market shares, growth rates, and global market breakdowns, which are then checked using primary data.
The biggest players in the Extended Detection & Response market are as follows:
• SentinelOne
• Symantec
• Armor Cloud Security
• Bitdefender
• Cisco
• Elastic
• Huntsman
• CrowdStrike
• TEHTRIS
• Microsoft
• Vectra AI.
Regional Analysis:
Individual market influencing components and changes in market regulations affecting the present and future market trends are also included in the regional overview of the Extended Detection & Response market analysis. Current and future trends are researched in order to assess the entire market potential and identify profitable patterns in order to get a stronger foothold. The geographical market assessment is based on the present environment and expected developments.
COVID-19 Impact Analysis on Extended Detection & Response Market:
End-user industries where Extended Detection & Response are utilized saw a decline in growth from January 2020 to May 2020 in a number of countries, including China, Italy, Germany, the United Kingdom, and the United States, as well as Spain, France, and India, due to a pause in operations. This resulted in a significant drop in the revenues of enterprises in these industries, as well as in demand for Extended Detection & Response manufacturers, affecting the Extended Detection & Response market's growth in 2020. End-user business demand for Extended Detection & Response has plummeted as a result of lockdowns and an increase in COVID-19 events throughout the world.
Key Questions Answered in the Extended Detection & Response Market Report are:
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