The Latin America, Middle East and Africa Extended Detection And Response Market would witness market growth of 25.7% CAGR during the forecast period (2021-2027).
In recent years, security monitoring and threat detection have benefited from digitization and automation. Digitization and automation in security monitoring and threat detection gained prominence in recent years. In addition, XDR systems can assist security professionals to decrease the time spent on routine tasks, training, and offering support, with the help of real-time security and workflow management abilities. XDR solutions help deliver a vast stream of alerts into smaller issues with their severity level, in addition to the common management and workflow management activities.
Advanced analytics and machine learning approaches incorporate data from endpoints, email systems, networks, cloud resources, and other relevant sources to construct a unique attack scenario. It makes security analysts' jobs easier and boosts security teams' overall efficiency. In addition, it provides a single interface via which all data relevant to an attack may be seen and appropriately responded to. As a result, regardless of the IT system targeted, XDR decreases the duplicated processes required to analyze and respond to security events. It aids in the detection of threats that are hard to detect with typical security solutions and products that are siloed.
Increased government and private sector investment in countries like the Gulf Cooperation Council, South Africa, and others are some of the key trends of the regional market. Poorly protected cloud databases are issues for enterprises, ranging from basic misconfiguration concerns to vulnerabilities in hardware chips, as the popularity of cloud and cloud-based operations grows. In addition, multiple technologies are publicly available that allow potential attackers to locate misconfigured cloud resources on the internet. As a result, it is critical for businesses to implement robust security solutions. Furthermore, in dealing with such threats, prompt discovery and response are crucial. Additionally, many global players are entering into the regional market to leverage its untapped potential.
The Brazil market dominated the LAMEA Extended Detection And Response Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $26 million by 2027. The Argentina market is experiencing a CAGR of 26.4% during (2021 - 2027). Additionally, The UAE market would witness a CAGR of 25.4% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Extended Detection and Response Market is Predict to reach $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
By Application
By Country
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