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Extended Detection and Response (XDR) Market Share

Report ID: GMI5505
Published Date: Aug 2024
Report Format: PDF

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Extended Detection and Response Market Share

Crowdstrike and Palo Alto dominate the market with around 10% market share in 2023. CrowdStrike integrates artificial intelligence (AI) and machine learning (ML) into its XDR platform to enhance threat detection, automated response, and predictive analytics. It further leverages its cloud-native architecture to offer scalable and flexible XDR solutions that can be easily integrated with existing IT environments.

Palo Alto Networks integrates its XDR capabilities with its broader security platform, including its next-generation firewalls, Prisma Cloud, and Cortex security solutions. The company also focuses on strategic partnership and acquisition activities to enhance its XDR capabilities and expand its market presence.

Extended Detection and Response Market Companies

Some of the leading participants in the extended detection and response industry include:

Crowdstrike
Cybereason
Fortinet
IBM
Microsoft
Palo Alto Networks
SentinelOne
Trellix
Trend Micro
VMware

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of extended detection and response (XDR) reached USD 1.7 billion in 2023 and is set to register over 19.5% CAGR between 2024 and 2032, owing to the growing risk of cyber threats.

The solution segment in the extended detection and response (XDR) industry generated USD 1.2 billion in 2023, due to increasing regulatory compliance requirements.

North America market accounted for 30% share in 2023, driven by a high volume of cyber threats including data breaches, ransomware attacks, and advanced persistent threats.

Crowdstrike, Cybereason, Fortinet, IBM, Microsoft, Palo Alto Networks, SentinelOne, Trellix, Trend Micro, and VMware.