MarketsandMarkets forecasts the global XDR market size is expected to grow from an estimated value of USD 985 million in 2022 to USD 2,358 million by 2027, at a Compound Annual Growth Rate (CAGR) of 19.1% from 2022 to 2027. Evolving cyber threat landscape, need for real-time monitoring, visibility, analysis, and response across security stack and shift from EDR to XDR are some of the factors that are driving the market growth.
What is XDR?
According to MarketsandMarkets, XDR consolidates multiple security products into a unified security platform for a real-time view into threats. It ensures analysis, prioritization, and remediation of data across endpoints, emails, servers, cloud workloads, and networks to enable deep visibility into advanced threats.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=52119574
Competitive Overview:
The XDR market is led by some of the globally established players such as Trend Micro (Japan), Microsoft (US), Bitdefender (Romania), Palo Alto Networks (US), CrowdStrike (US), SentinelOne (US), IBM (US), Trellix (US), Secureworks (US), Cisco (US), Sophos (UK), Broadcom (US), Cybereason (US), Elastic (US), Fortinet (US), AT&T (US), eSentire (Canada), Qualys (US), Blueshift (US), Rapid7 (US), Exabeam (US), Cynet (US), LMNTRIX (US), Hunters (Israel), and Confluera (US). These players have adopted various growth strategies such as partnerships, agreements, collaboration, acquisitions, and product developments to increase their market presence.
Trend Micro holds a prominent position in the XDR market space. TrendMicro develops and sells encryption-related solutions. The company offers encryption products under different segments, such as centralized management, data center and cloud security, email security, endpoint protection, Industrial Control Systems (ICS), mobility, security and risk management, suites, and web gateway. It provides services and technical support in the cybersecurity space. In the encryption software market, it offers endpoint encryption under user protection products. The XDR solution Trend Micro Vision One applies XDR analytics to the activity data collected from its native solutions in the environment to produce correlated, actionable alerts, and comprehensive incident views. The strong presence across the globe is one of the key factors leading to a good market share in the XDR market.
Get sample of report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=52119574
Apart from large and SME players, start-ups such as Sophos, Cybereason, LMNTRIX, Confluera, Hunters, Exabeam, among others are also evolving in the MDR market space.
Another important player in the XDR market space is Microsoft which is one of the key developers and manufacturers of computer software, personal computers, and consumer electronics. It also provides services associated with these offerings, and other professional and managed services. The company operates through three major business segments: Personal Computing, Productivity and Business Processes, and Intelligent Cloud. Microsoft 365 Defender is the XDR solutions combined with the SIEM capabilities to help organizations fight form the external threats and cyberattacks and modernize the security operations. The combination of SIEM and XDR provides end-to-end threat visibility across all the segments and prioritize the attack alerts with the help of automation to proactively hunt and implement threat preventions.
According to MnM’s market evaluation framework, most companies opt for inorganic growth strategies to maintain their position in the market. The number of deals increased by around 50-60% relatively in the period of 2020-2021. These deals collectively include partnerships, acquisitions, collaborations, and alliances. Due to the COVID-19 outbreak, there was a sudden decline in product launches and business expansion activities. However, from 2021 onward, companies are expected to follow organic growth strategies to provide XDR solutions and services to end users, which, on the other hand, would help companies in increasing their market revenue.
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
Email: [email protected]