Overview and Scope
Endpoint detection and response (EDR) refers to a cybersecurity technology that focuses on detecting and investigating suspicious activities, threats, and security incidents on endpoint devices. It provides organizations with real-time visibility into endpoint behavior, enabling proactive threat detection and rapid response to mitigate risks effectively.
Sizing and Forecast
The endpoint detection and response market size has grown exponentially in recent years. It will grow from $3.98 billion in 2023 to $5.06 billion in 2024 at a compound annual growth rate (CAGR) of 27.2%. The growth in the historic period can be attributed to the increasing frequency and sophistication of cyber threats, growing adoption of endpoint security solutions due to remote work trends, regulatory compliance requirements driving investment in cybersecurity, rise in ransomware attacks and data breaches, and expansion of bring your device (BYOD) policies in organizations.
The endpoint detection and response market size is expected to see exponential growth in the next few years. It will grow to $13.39 billion in 2028 at a compound annual growth rate (CAGR) of 27.5%. The growth in the forecast period can be attributed to the continued escalation of cyber threats, including ransomware and zero-day attacks, the proliferation of the Internet of Things (IoT) devices increasing the attack surface, adoption of zero trust security frameworks emphasizing endpoint security, increasing demand for managed detection and response services, and expansion of 5G networks leading to heightened security concerns. Major trends in the forecast period include increased adoption of AI and machine learning, focus on zero trust architecture, integration with identity and access management (IAM), and focus on threat intelligence sharing.
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Segmentation & Regional Insights
The endpoint detection and response market covered in this report is segmented –
1) By Component: Solutions, Services
2) By Deployment Type: Cloud-Based, On-Premise
3) By Organization Size: Small And Medium Enterprises, Large Enterprises
4) By End User Industry: Banking, Financial Services, And Insurance (BFSI), Information Technology And Telecommunication, Manufacturing, Healthcare, Retail, Other End-User Industries
North America was the largest region in the endpoint detection and response market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the endpoint detection and response market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The increasing use of electronic payments is expected to propel the endpoint detection and response market going forward. Electronic payments are monetary transactions conducted electronically using digital devices rather than traditional cash or checks. The surge in electronic payments can be attributed to the adoption of digital devices, the convenience and speed of transactions, and the rise of e-commerce, fueling demand for security measures in endpoint protection and response. Endpoint detection and response are crucial to safeguarding electronic payments by detecting and responding to cyber threats targeting endpoint devices involved in payment processing. For instance, in September 2023, according to UK Finance Limited, a UK-based trade association for the UK banking and financial services sector, there were $17 billion in contactless payments across both debit and credit cards in 2022, marking a 30% increase from the $13.1 billion made in 2021. Furthermore, the average value of contactless payments continued to rise in 2022, reaching $ 18.94 (£15.10), up from $15.88 (£12.66) in 2021. Therefore, the increased use of electronic payments is driving the growth of the endpoint detection and response market.
Key Industry Players
Major companies operating in the endpoint detection and response market are Intel Corporation, Cisco Systems Inc., Broadcom Inc., VMware Inc., Palo Alto Networks Inc., OpenText Corporation, Fortinet Inc., McAfee Corporation, CrowdStrike Inc., FireEye Inc., RSA Security, Arctic Wolf Networks Inc., Optiv Security Inc., Bitdefender Ltd, SentinelOne Inc., Cybereason Inc., Digital Guardian, Huntress Labs Inc. , Deep Instinct, Cynet, Sophos Ltd., SecPod Technologies, Aiuken Cybersecurity, ESET spol. s r.o.
The endpoint detection and response market report table of contents includes:
1. Executive Summary
2. Endpoint Detection And Response Market Characteristics
3. Endpoint Detection And Response Market Trends And Strategies
4. Endpoint Detection And Response Market - Macro Economic Scenario
5. Global Endpoint Detection And Response Market Size and Growth
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32. Global Endpoint Detection And Response Market Competitive Benchmarking
33. Global Endpoint Detection And Response Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Endpoint Detection And Response Market
35. Endpoint Detection And Response Market Future Outlook and Potential Analysis
36. Appendix
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Reports and Data has recently added a new research report to its ever expanding database titled Global Endpoint Detection and Response Market Report which evaluates crucial aspects of the Endpoint Detection and Response industry such as existing and emerging trends, market drivers, threats, growth prospects, and other key factors.
The market research report offers users, readers, business, clients, and stakeholders accurate market insights to help them gain a competitive advantage and formulate strategic business expansion plans.
The report covers a detailed executive summary of the Endpoint Detection and Response market along with their segments and sub-segments.
A comprehensive regional analysis is offered in the report to provide insights into global market scenario, revenue growth, competitive landscape mapping, and development in the regions.The research study comprises of vital information focusing on major market trends and estimated revenue growth rate.
Additionally, the report highlights the market competition including the portfolios and strategic alliances and endeavors of the key competitors.
The report also offers key insights about top companies in the market along with their company overview, business expansion plans, financial standing, production and manufacturing capacity, and global position.Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/2442Key companies operating in the market include: Cisco Systems, Inc., Fireeye, Inc., Carbon Black, Inc., Crowdstrike, Inc., Digital Guardian, Intel Security-McAfee, RSA Security LLC, Tripwire, Inc., Symantec Corporation, and Cyberbit, among others.The report provides comprehensive details about the market with respect to overall revenue, sales and consumption, pricing trends, gross margins, growth rate, and market size.
Endpoint Detection and Response Market report provides detailed synopsis about opportunities, competitive landscape, emerging technologies, key trends and dynamics.According to a new market research report "Endpoint Detection and Response Market by Component (Solution and Service), Enforcement Point (Workstations, Mobile Devices, Servers, POS Terminals), Deployment Mode, Organization Size, Vertical, and Region - Global Forecast to 2021", published by MarketsandMarkets™, the EDR market estimated to grow from USD 749.0 million in 2016 to USD 2,285.4 Million by 2021, at an estimated Compound Annual Growth Rate (CAGR) of 25.0%.Browse 78 market data tables and 52 figures spread through 173 pages and in-depth TOC on “Endpoint Detection and Response Market”Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=261400972The EDR solutions and services help to offer protection on endpoints from advanced threats such as malware, ransomware, and Advanced Persistent Threats (APTs).
Moreover, increasing demand from Small and Medium Enterprises (SMEs) operating across diverse industry verticals and regions is expected to drive the market growth during the forecast period.The mobile devices enforcement point segment to play a key role in the EDR marketThe mobile devices enforcement point segment is projected to grow at the highest CAGR during the forecast period.
Rise in BYOD and increased usage of mobile devices in the BFSI sector are triggering the growth of the Endpoint Detection and Response Market.
Mobile devices connected to the enterprise network can be subject to threats and vulnerabilities, which can cause loss in millions to the enterprises.The workstations enforcement point segment is expected to have the largest market share and dominate the EDR market from 2016 to 2021, due to growing instances of advanced threats on workstations.The Banking, Financial Services, and Insurance (BFSI) vertical is expected to grow at the highest CAGR in the EDR marketThe BFSI industry vertical is expected to contribute the largest market share in the EDR market, due to increasing digitization in banking operations and rise in the number of government regulations on banking and financial transactions.
Adoption of EDR solutions brings advanced protection from threats without affecting the operational efficiency, thus driving the demand.North America is expected to contribute the largest market share, whereas APAC is expected to grow at the highest rateNorth America is expected to have the largest market share and dominate the EDR market from 2016 to 2021, due to the presence of a large number of EDR solution vendors and early innovative technology adopters across the U.S. and Canada.
APAC offers potential growth opportunities in the endpoint detection and response market, as there is a wide presence of SMEs that are turning towards such EDR solutions to efficiently safeguard their business endpoints, particularly in developing countries such as India, China, and Singapore.The major vendors in the EDR market include McAfee (U.S.), Cisco Systems, Inc. (U.S.), RSA Security (U.S.), FireEye, Inc. (U.S.), Guidance Software, Inc. (U.S.), Carbon Black, Inc. (U.S.), Digital Guardian (U.S.), Tripwire, Inc. (U.S.), Symantec Corporation (U.S.), and CrowdStrike, Inc. (U.S.).About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues.
