Extended Detection and Response (XDR) Platforms Statistics 2024 – Everything You Need to Know

Are you looking to add Extended Detection and Response (XDR) Platforms to your arsenal of tools? Maybe for your business or personal use only, whatever it is – it’s always a good idea to know more about the most important Extended Detection and Response (XDR) Platforms statistics of 2024.

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How much of an impact will Extended Detection and Response (XDR) Platforms have on your day-to-day? or the day-to-day of your business? Should you invest in Extended Detection and Response (XDR) Platforms? We will answer all your Extended Detection and Response (XDR) Platforms related questions here.

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Best Extended Detection and Response (XDR) Platforms Statistics

☰ Use “CTRL+F” to quickly find statistics. There are total 14 Extended Detection and Response (XDR) Platforms Statistics on this page 🙂

Extended Detection and Response (XDR) Platforms Market Statistics

  • The global extended detection and response market size was valued at USD 505.0 million in 2020 and is expected to expand at a compound annual growth rate of 19.9% from 2021 to 2028. [0]
  • The solutions segment dominated the market in 2020 and accounted for around 60% of the global revenue share. [0]
  • Regional Insights North America dominated the market in 2020 and accounted for nearly 50% of global revenue share. [0]
  • The global XDR market size was estimated at USD 505.0 million in 2020 and is expected to reach USD 577.9 million in 2021. [0]
  • The global XDR market is expected to grow at a compound annual growth rate of 19.9% from 2021 to 2028 to reach USD 2.06 billion by 2028. [0]
  • North America dominated the XDR market in 2020 accounting nearly for 50% market share. [0]

Extended Detection and Response (XDR) Platforms Adoption Statistics

  • Because of these advantages, MDR is positioned for broader adoption, as one quarter of organizations are now using an MDR service, with 72 percent of them decreasing the time it takes to resolve attacks by 25 to 100 percent. [1]
  • Among those that do not currently use it, 79 percent are either evaluating or are considering the adoption of such a service. [1]

Extended Detection and Response (XDR) Platforms Latest Statistics

  • Forrester Total Economic Impactâ„¢ study on Microsoft Sentinel Get a 201 percent return on investment with a payback period of less than six months. [2]
  • Forrester Total Economic Impactâ„¢ study on Microsoft Defender for Cloud Reduce your time to threat mitigation by 50 percent. [2]
  • estimates that in four years, 50% of organizations will use MDR, and there are several reasons why this is the case •. [3]
  • Our experts respond and remediate quickly, while you realize up to a 413% ROI. [4]
  • Save money (413% ROI, according to Forrester Consulting TEI study). [4]
  • The on premises segment accounted for around 55% of the global revenue share in 2020. [0]

I know you want to use Extended Detection and Response (XDR) Platforms, thus we made this list of best Extended Detection and Response (XDR) Platforms. We also wrote about how to learn Extended Detection and Response (XDR) Platforms and how to install Extended Detection and Response (XDR) Platforms. Recently we wrote how to uninstall Extended Detection and Response (XDR) Platforms for newbie users. Don’t forgot to check latest Extended Detection and Response (XDR) Platformsstatistics of 2024.

Reference


  1. grandviewresearch – https://www.grandviewresearch.com/industry-analysis/extended-detection-response-market-report.
  2. helpnetsecurity – https://www.helpnetsecurity.com/2021/04/13/xdr-mdr-difference/.
  3. microsoft – https://www.microsoft.com/en-us/security/business/threat-protection.
  4. forbes – https://www.forbes.com/sites/forbestechcouncil/2021/04/15/edr-xdr-and-mdr-understanding-the-differences-behind-the-acronyms/.
  5. secureworks – https://www.secureworks.com/products/taegis/managedxdr.

How Useful is Extended Detection and Response Platforms

One of the key advantages of XDR platforms is their ability to collect and consolidate security data from multiple sources. By integrating data from endpoints, networks, servers, and cloud services, XDR platforms provide a holistic view of the organization’s security posture. This level of visibility is essential for detecting advanced threats that may be lurking in different parts of the IT infrastructure.

Another important feature of XDR platforms is their advanced threat detection capabilities. These platforms use a combination of machine learning, AI, and threat intelligence to identify and prioritize security incidents. By correlating data from different sources, XDR platforms can detect complex threats that may go unnoticed by traditional security tools.

Furthermore, XDR platforms streamline the incident response process by providing automated playbooks and workflows. This automation helps security teams respond quickly and efficiently to security incidents, reducing the impact of a potential breach.

In addition to improving threat detection and incident response, XDR platforms also help organizations comply with regulatory requirements. By providing a centralized view of security incidents and data breaches, XDR platforms make it easier for organizations to demonstrate compliance with data protection laws and regulations.

Despite their many benefits, XDR platforms are not without challenges. One of the key challenges is the complexity of implementation and integration. Deploying an XDR platform requires careful planning and coordination across different IT teams. Organizations must ensure that all systems and applications are compatible with the XDR platform and that all security tools are properly integrated.

Another challenge is the cost of implementing and maintaining an XDR platform. While the upfront costs of XDR platforms may be significant, organizations must also consider the ongoing maintenance and training costs associated with these platforms. To maximize the return on investment, organizations must carefully evaluate the total cost of ownership of an XDR platform.

In conclusion, XDR platforms offer a powerful solution for organizations looking to enhance their cybersecurity defenses. By providing unified visibility, advanced threat detection capabilities, and streamlined incident response, XDR platforms help organizations stay ahead of cyber threats. However, organizations must carefully consider the complexity and cost implications of implementing an XDR platform to ensure a successful deployment. Ultimately, the benefits of XDR platforms outweigh the challenges, making them a valuable addition to any organization’s cybersecurity toolbox.

In Conclusion

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