The North America Extended Detection And Response Market would witness market growth of 18.6% CAGR during the forecast period (2021-2027).
The promise of Extended Detection and Response (XDR) is that it would bring together many solutions into a single, unified security incident detection and response platform. In addition, Endpoint detection and response (EDR) solutions have evolved into a key incident response tool, and XDR is the natural next step. In addition, XDR solutions use essential security technology to depict the measures that must be taken to improve company security. XDR can detect illicit actions/persons who use legitimate software to get access to the system- to obtain security information, event management software, SIEM, or similar things- by accessing raw data collected from the network environment. SentinelOne, a cybersecurity solution provider based in the United States, announced an AI-powered XDR solution in February 2020 that provides advanced threat detection and total visibility across all endpoint devices, whether physical or virtual, on-premises or in the cloud.
Recently, the regional market is witnessing high adoption of advanced threat prevention technologies and a solid IT infrastructure to secure sensitive data. In addition, end-user investment and strong demand for enterprise security solutions are driving the adoption of security solutions. Cybereason, Palo Alto Networks, Inc., Microsoft Corporation, and other global industry participants are investing in the development of innovative network security solutions.
More than 1 exabyte of data is held in the BFSI sector in the United States. Credit/debit card histories, client bank visits, call logs, banking volumes, account transactions, and web interactions are all examples of data sources. Further, the rising adoption of IoT devices and internet users would generate more demand for security solutions in the region due to the high availability of appropriate infrastructure and the presence of several global financial institutions. According to the FBI's 2017 Internet Crime Report, more than 2.14 million data loss reports were filed.
The US market dominated the North America Extended Detection And Response Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $522 million by 2027. The Canada market is estimated to grow at a CAGR of 21.3% during (2021 - 2027). Additionally, The Mexico market would showcase a CAGR of 20.3% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Extended Detection and Response Market is Estimated 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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