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Sophos reviews 20172/20/2023 ![]() Organizations are adopting hosted services, as they are easy to install and scalable. Cloud hosted services offer pay-as-you-use pricing models to end users. Additionally, organizations can scale up and down, depending on their use of services. Such deployment modes significantly reduce the cost of purchase and maintenance of hardware, as it is handled and managed by hosted providers. Cloud hosted deployment is also known as the SaaS model. The cloud deployment mode in the XDR market is projected to have the larger market size. Get 10% Free Customization on this Report: ![]() Hence, they are highly dependent on XDR for strengthening their cybersecurity capabilities. Enterprises are still flourishing in the development of skilled cybersecurity professionals. Financial services, healthcare, and eCommerce verticals have witnessed huge data losses due to security breaches. Both SMEs and large enterprises are increasingly relying on XDR providers to better respond to cybersecurity incidents. ![]() The services segment has witnessed tremendous growth in recent years. The services segment by component is projected to grow with a highest CAGR in the forecast period. Due to this, local firms have turned to global hyper-scalers for assistance with XDR solutions and services implementation to make their operations more efficient, scalable, and secure. Given to the pandemic, the cyberattacks have increased by 151% in 2021, an average of 270 cyberattacks per organizations. The adoption of XDR has increased due to the rising cyber threats and incidents and the increasing trend of BYOD and WFH globally the use of managed security and XDR has increased. ![]() The COVID-19 pandemic has positive impacts on the XDR market.
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