The growing focus on integrating a systemized approach for defending all the endpoints against digital security threats is anticipated to be growth opportunity to the global XDR market.
The global XDR market is rapidly growing owing to owing to increasing demand for efficient and automated threat detection and response systems, increased spending on security solutions, integration of several software, emergence of dynamic analytics and machine learning techniques, and increasing solutions that address challenges faced with EDR is leading to adoption of XDR platform.
Additionally, XDR technology providing enhanced visibility, awareness, analysis, and response to security threats is also the key factor driving the global XDR market. As a result this growth and increasing preferences for XDR platform is expected to help the global XDR market surpass the valuation of 2.7 Billion until 2028 at an annualized rate of 20.02% from 2021 to 2028.
However, the global XDR market is facing several challenges that are hampering the market growth such as significant investment required for purchasing software tools, additional costs for retraining employees, or new hiring. Additionally, technical issues, challenges faced in collecting and correlating detections and other activities across multiple security layers, deployment issues, limited automation, and integration of XDR technology with existing investments are some negative factors that may deprive the global XDR market growth. Furthermore, improved protection, detection, and response capabilities, increased productivity, lowered cost of software tools are furthering the growth of global XDR market.
Extended Detection and Response is a cybersecurity technology that automatically collects, analyses, and correlates the data across multiple security layers including endpoint, servers, cloud, etc. Detection and Response Technology take care of the cybersecurity software glitches and comes up with logical solutions.
The global XDR market seem progressive looking at the current trends, customer shifts to advanced security systems, and evolving technology landscape making businesses’ data more vulnerable to attacks.
The market players are comprised of emerging and well-known firms. R&D and technology development are the prime investment priorities by the largest market players in the global XDR market. They are coming with advanced solutions and affordable software tools anticipated to growth opportunity to the market players.
Adroit Market Research report gives a comprehensive overview of the global XDR market. The report highlights the key market details such as market size value in 2021, revenue forecast, growth rate, historical data, regional scope, key companies, and other important details of individual segments functional in the market.
Moreover, it presents the market estimates, revenue forecasts, segment and regional growth forecasts, competition strategies, product innovation listing and gives other crucial information about the global XDR market. The report presents the revenue forecasts, historical and anticipated growth trends, industry major players, profitability analysis, SWOT analysis, industry operating conditions and porter’s 5 Forces analysis.
Regarding the competitive environment the report gives a brief overview of the key competitors, company profiles, key products and solutions, geographical footprint, and other important information about the leading companies.
The market players operating in the global XDR market provide XDR tools combined with multiple security products for comprehensive protection from wide range of threats to the computer systems. McAfee is one of the largest security solution providers is well-known for providing complete endpoint security solutions. McAfee uses its XDR to orchestrate both McAfee and Non-McAfee security assets to provide cyber security management and support guided and automated investigations. Besides McAfee there are many firms that are well-known for providing advanced security solutions to the computer systems of enterprises.
Based on various approaches the global XDR market is classified into segments namely Cloud-Based and On-Premises. The on-premises segment is set to remain the highest revenue fetcher in the coming times. The on-premises XDR platform offers full control over licenses, better data protection, one-time cost investment, independent license from external service provider, and deeper integration into customer’s infrastructure.
Based on various approaches the global Ethernet storage fabric market is classified into segments namely Large Enterprises and SMEs. The large enterprises segment accounted for maximum market share due to many factors. The large enterprises have better capability for investing for advanced security solutions. Moreover, they have in-house technical support team that handle real-time issues encountered by the Extended Detection and Response.
The North American countries are the most mature markets for adoption of Extended Detection and Response systems. The increasing automation activities, growing demand for advanced security models, adoption of modern technologies in IT and many other sectors are the key factors for growth of global XDR market in North America. APAC is also experiencing better growth in the market with increasing IT activities as well as growth of other industries in APAC.
The key vendors and their products offering advanced security capability to enterprises across the world are Sohpos, McAfee, VMware, Mandiant, Cisco, Broadcom, Cybereason, SentinelOne, Microsoft, Crowdstrike, Cynet, Palo Alto, and Trend among all the well-established and youngest firms operating in the market.
Key Segments of the Global XDR Market
Type Overview, 2018-2028 (USD Billion)
- Cloud based
- On Premises
Application Overview, 2018-2028 (USD Billion)
- Large Enterprises
Regional Overview, 2018-2028 (USD Billion)
- Rest of Europe
- Rest of Asia-Pacific
- Rest of South America
Middle East and Africa