XDR Alliance Adds 3 MSSP Members; Allied Research Projects Strong XDR Market Growth
By joining XDR Alliance, these cybersecurity companies are effectively expressing their commitment to an open, inclusive and collaborative extended detection and response (XDR) environment, according to a prepared statement from XDR Alliance.
Gorka Sadowski, XDR Alliance founder and chief strategy officer at Exabeam, welcomed the new joiners:
“We are pleased to have these providers join and augment the representation in the MSSP/MDR space, and offer their extraordinary API integration expertise across all alliance member technologies and the industry at large. These new members represent joint customers all over the world and have vast expertise in helping end customers benefit from tightly integrated best-of-breed technology stacks in the spirit of being open, inclusive and collaborative. They built and operate some of the world’s largest security operations centers (SOCs).”
New Joiners Bring XDR Muscle
The XDR Alliance was founded in 2021 as a group of best-in-class security and information technology providers organized to help security teams easily design and implement effective threat detection, investigation, and response (TDIR) capabilities using the XDR approach.
XDR Alliance notes that the announcement follows the recent release of a new Common Information Model (CIM). The CIM was created through collaboration with several XDR Alliance members over the last 12 months.
The alliance will now focus on building a new set of bi-directional APIs. This will ensure interoperability between all alliance member products and other relevant products across cybersecurity and XDR Alliance member categories.
Banyax CEO and co-founder Carlos Alanis expressed optimism for the XDR Alliance’s influence moving forward:
“Even with the best of security training for employees, the odds are high that someone will eventually fall prey to a sophisticated cyber scam. It’s up to the cybersecurity industry as a whole to partner together to come up with automated solutions to protect individuals and organizations from adversaries. Together with the other members of the XDR Alliance, we can work together to provide next-generation tools to organizations in need of the resources to bolster security posture.”
Curt Aubley, MXDR by Deloitte leader and managing director, believes the XDR Alliance can help deliver its MXDR capabilities to more organizations:
“At Deloitte, we know that delivering measurable, sustainable results for our clients and our communities takes teamwork and fresh, innovative thinking. Our Deloitte Managed Extended Detection and Response (MXDR) services help customers benefit from threat hunting, detection, response and remediation capabilities with a best-of-breed, multi-vendor approach built on an open framework. We understand the power of collaboration and we are thrilled to participate in the XDR Alliance.”
Brian Foster, ReliaQuest chief product officer expressed his admiration for XDR Alliance’s collaborative charter:
“At ReliaQuest, we are committed to making security possible. We believe that security is a team sport and therefore we are excited to join the XDR Alliance. Working with others at the XDR Alliance will help us enable organizations to move at the speed of their business. Ultimately, this is how we help customers increase visibility, reduce complexity and manage risk in their environment.”
To join the group, visit the XDR Alliance member application page.
Allied Market Research Issues New XDR Report
A new report from Allied Market Research found that the global XDR market generated $980.3 million in 2021, and is expected to reach $6.7 billion by 2031 — a CAGR of 21.5% from 2022 to 2031.
The report offers an extensive analysis of changing market dynamics, top segments, value chain, competitive landscape, and the Covid-19 pandemic impact. Allied said the report provides detailed information for market players, stakeholders, investors and startups in devising strategies for achieving sustainable growth and gaining competitive advantage in the market.
Allied Probes Covid-19 Scenario
The Covid-19 pandemic impacted the entire business ecosystem across the world, Allied states. This impact maps to lockdown restrictions that led companies to adopt remote working or work from home culture. It positively impacted the adoption of XDR solutions and services, owing to the rise in cyber threats on devices. With increasing trend of remote working and work from home culture, the requirement for managed security and XDR surged drastically.
Allied reports that companies are focusing on adopting emerging technologies, such as edge computing, automation and cloud-based XDR across various industries, especially healthcare and government. The adoption should steer contactless operations safely and securely.
Even local businesses have been implementing XDR solutions and services for making their operations efficient, scalable and secure, Allied notes. Moreover, many industries shifted toward digitalization, which created the demand for robust and Al-integrated solutions to offer efficiency and real-time reporting features.
Based on component, Allied found that the Solutiona segment accounted for the largest market share in 2021. Solutions contributed to nearly three-fifths of the global XDR market.