The Fundamentals of Comprehensive Extended Detection and Response (CXDR) report, a component of Omdia’s Enterprise Cybersecurity Operations (SecOps) Intelligence Service, projects that the Extended Detection and Response (XDR) market segment’s global revenue will increase by more than 800 percent in five years, reaching $3.022 billion by the end of 2026.
Omdia forecasts that the XDR segment’s revenue, which is expected to be $364 million in 2021, would grow at a compound annual growth rate of more than 56 percent through 2026. By the end of the decade, according to Omdia, XDR is anticipated to overtake all other market segments in SecOps in terms of revenue.
The demand for unified, enterprise-grade cybersecurity threat detection, investigation, and response (TDIR) capabilities across critical sections of the IT estate, including endpoints, networks, and cloud environments, would be one of the important drivers that will support this expansion.
“The reality is that, to date, most enterprise TDIR solutions, including SIEM, SOAR, and even EDR, have largely underperformed, often failing to consistently and quickly identify dangerous, costly cybersecurity threats,” said Eric Parizo, Managing Principal Analyst and Lead Analyst for Omdia’s SecOps Intelligence Service. “While XDR today remains overlooked, misunderstood, and even derided by some, Omdia believes XDR is the cybersecurity industry’s best hope to empower enterprises with the powerful, innovative technology they need to keep pace with the broad and evolving scope of adversaries they face.”
XDR is an enterprise-grade TDIR solution that was created in 2018 by Omdia Senior Principal Analyst Rik Turner. It provides a guided human-analyst experience across the entire lifecycle, from telemetry gathering and analysis to alerting and investigation to remediation-response, validation, and process improvement.
According to Mr. Parizo, CXDR will become possibly the most efficient way for ailing SecOps programs burdened by outdated technologies to obtain a ‘shot in the arm,’ delivering all the modern TDIR features that actually make a difference in swiftly and effectively identifying cybersecurity threats.
“Even though CXDR will be a heavy lift for many organizations, it also has the potential to ‘democratize’ enterprise-grade TDIR capabilities,” added Mr. Parizo. “It makes it possible for organizations of all sizes to effectively defend themselves against cyberthreats.”
Omdia is a global research and advisory group focused on the technology industry. With clients operating in over 120 countries, Omdia provides market-critical data, analysis, advice, and custom consulting.