Fort Collins, Colorado, Dec. 13, 2023 (GLOBE NEWSWIRE) -- According to DataHorizzon Research, The Extended Detection and Response Market was valued at USD 1.4 Billion in 2022 and is anticipated to grow CAGR at 22.9% to reach USD 11.4 Billion in 2032.
EDR is a security tool that helps detect threats across all security layers and endpoints. It unifies security operations over emails, cloud data, systems, applications, networks, and end-users. EDR has two classifications: native EDR and open EDR.
Native EDR integrates with vendor systems, while open EDR integrates with existing systems, allowing companies to incorporate other tools now or in the future. Extended Detection and Response systems have become necessary for companies to ensure data safety due to the growth in online activities and cyber threats.
EDR systems have evolved to provide security and threat detection only on endpoints like computers, laptops, and mobile devices. They offer a more holistic approach to security. They are equipped with AI and machine learning to help with continuous analysis and faster detection of threats and activities across any layer of a company's systems.
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Segmentation Overview:
The global extended detection and response market has been segmented into component, deployment type, organization size, industry, and region. Extended Detection and Response (EDR) solutions help with practical and on-time threat detection and quick security checks and provide a comprehensive overview of possible data breaches. Large enterprises need solid security systems to protect their data, and governments also invest in data protection and security.
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Extended Detection and Response Market Report Highlights:
- The global extended detection and response market growth is anticipated at a CAGR of 22.9% by 2032.
- EDR is a security tool that detects threats across all security layers and endpoints. It unifies security operations and comes in two classifications: native EDR and open EDR. EDR systems provide security and threat detection on endpoints like computers, laptops, and mobile devices. They are equipped with AI and machine learning to help with continuous analysis and faster detection of threats across any layer of a company's systems.
- North America, especially the US, is a prime target for cyber-attacks due to its tech advancements and major companies. 46% of global cyber-attacks target Americans. Industries like healthcare and BFSI are at high risk due to the growing use of IoT devices.
- Some prominent players in the extended detection and response market report include Microsoft, Palo Alto Networks, IBM, Cisco, Sophos Ltd., Trend Micro, SentinelOne, Bitdefender, McAfee, Trellix, and others.
Industry Trends and Insights:
- Leading organizations in Hong Kong have successfully enhanced their productivity by utilizing Copilot for Microsoft 365. Copilot leverages large language models (LLM), such as GPT-4, and proprietary data from Microsoft Graph, Microsoft 365 applications, and the web.
- IBM Consulting and Palo Alto Networks will expand their partnership to strengthen clients' security postures and navigate evolving threats.
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Extended Detection and Response Market Segmentation:
By Component: Solutions and Services
By Deployment Type: On-premise and Cloud
By Organization Size: Large enterprises and Small and Medium Enterprises
By Industry: BFSI, Retail, Healthcare, Manufacturing, IT and Telecommunications, Others
By Region: North America, Latin America, Europe, Asia Pacific, the Middle East and Africa.
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DataHorizzon is a market research and advisory company that assists organizations across the globe in formulating growth strategies for changing business dynamics. Its offerings include consulting services across enterprises and business insights to make actionable decisions. DHR’s comprehensive research methodology for predicting long-term and sustainable trends in the market facilitates complex decisions for organizations.
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