Endpoint Detection and Response [EDR] Market, By Enforcement Point (Workstations, Mobile devices, Servers, Point of sale terminals, Others), By Component: (Solution, Service, Professional services, Managed services), By Deployment Mode: (On-premises, Managed, Hybrid), By Organization Size: (Small and Medium-sized Enterprises (SMEs), Large Enterprises), By Vertical: (Financial Services, Banking and Insurance (BFSI), IT and telecom, Government and public utilities, Aerospace and Defense, Manufacturing, Healthcare, Retail, Others), By Region – Global Analysis Forecast Till 2030

The Global Endpoint Detection and Response [EDR] Market Size was valued at $2.23 billion in 2021 and is projected to reach $19.6 billion by 2030, growing at a CAGR of 26.7% from 2022 to 2031.

Endpoint Detection and Response (EDR) offers a number of benefits, including the ability to detect threats in real-time and stop breaches immediately. EDR tools can also analyze data to identify threat patterns and automatically respond to threats to eliminate or control them and notify security personnel. It can also be used as a forensic tool to aid investigations, which is expected to provide lucrative growth opportunities for the market. It also tracks events and processes such as registry modifications, logins, and network connections, providing real-time visibility across all endpoints.

This allows teams or businesses to immediately investigate any suspicious activity. Advanced endpoint detection and response (EDR) processes can also help reduce the workload of detecting and responding to threats or risks. Saves security teams time and resources by reducing the need to constantly monitor multiple tools and dashboards that drive Endpoint Detection and Response [EDR] Market growth.

Endpoint detection and response (EDR) is a crucial aspect of modern security frameworks, enabling organizations to swiftly detect and mitigate cyber threats. An effective endpoint detection and response solution comprises a comprehensive endpoint detection and response system integrated with powerful endpoint detection and response tools. This robust combination empowers security teams to proactively monitor and investigate endpoint activities, swiftly identify potential security breaches, and respond effectively to mitigate the impact. By leveraging endpoint detection and response, organizations can fortify their defenses and maintain a proactive stance against evolving cyber threats.

Market Dynamics:

Drivers:

Cybercrime has gradually increased over the past few years. The volume of threats has increased significantly as cyber attackers have turned to strategies that can target high-value targets. Threats such as ransomware and credential harvesting are also on the rise. All of these factors indicate the need for a comprehensive cybersecurity risk management approach.

The application of security processes and policies to reduce the overall risk or impact of a cyber threat is referred to as cybersecurity risk mitigation. Trojans, malware, and advanced persistent threats (APTs) are updated daily, so organizations should adopt an EDR solution to protect their networks and endpoints from potential cyberattacks. The increasing need to migrate IT security risks is expected to drive endpoint detection and response [edr] market revenue growth over the forecast period.

Restraints:

The cost of implementing endpoint detection and response is slightly higher. According to the study, 69% of organizations believe that endpoint security risks are significantly increasing due to the high cost of endpoint detection products, which many organizations cannot afford. Endpoint pricing typically starts at US$ XX per year per user on a device, making it very expensive for organizations with many employees and devices.

Additionally, implementing EDR is a complex process that requires specialized knowledge. High cost and lack of expertise of experts to implement endpoint detection and response solutions may be a limiting factor to the endpoint detection and response [edr] market’s revenue growth over the forecast period.

Key players:

• McAfee, LLC (US),

• Cisco Systems, Inc. (US),

• RSA Security LLC. (US),

• FireEye, Inc. (US),

• Guidance Software, Inc. (US),

• Carbon Black, Inc. (US),

• Digital Guardian (US),

• Tripwire, Inc. (US),

• Symantec Corporation (US),

• and CrowdStrike, Inc. (US).

Market Segmentation:

Endpoint Detection and Response [EDR] Market, By Component:

• Solution

• Service

• Professional services

  • Implementation

  • Consulting services

  • Training and education

  • Support and maintenance

• Managed services

Endpoint Detection and Response [EDR] Market, By Enforcement Point:

• Workstations

• Mobile devices

• Servers

• Point of sale terminals

• Others

Endpoint Detection and Response [EDR] Market, By Deployment Mode:

• On-premises

• Managed

• Hybrid

Endpoint Detection and Response [EDR] Market, By Organization Size:

• Small and Medium-sized Enterprises (SMEs)

• Large Enterprises

Endpoint Detection and Response [EDR] Market, By Vertical:

• Banking, Financial Services, and Insurance (BFSI)

• IT and telecom

• Government and public utilities

• Aerospace and defense

• Manufacturing

• Healthcare

• Retail

• Others

Endpoint Detection and Response [EDR] Market, By Region:

• North America

• Europe

• Asia Pacific (APAC)

• Middle East and Africa (MEA)

• Latin America

Regional Analysis:

According to the regional analysis, the North American market is expected to hold the largest revenue share in global market during the forecast period, owing to increasing investment and research in advanced technologies, especially among organizations increasing the need for cybersecurity solutions in the country. USA, Canada, etc. Additionally, the increasing adoption of EDR solutions by small and medium-sized enterprises (SMEs) in the region’s countries is expected to drive market revenue growth.

The Asia-Pacific market is expected to register rapid revenue growth during the forecast period, owing to rapid digitization and technological advancements in the region, particularly in China, Japan, and India. The growing adoption of IoT and other advanced technologies in countries in the region creates ample opportunities for revenue growth in the endpoint detection and response [EDR] market.

The European market is expected to register a moderate CAGR of revenue over the forecast period, owing primarily to increasing awareness of data security among organizations in the IT, retail, and BFSI sectors. Growing demand for EDR solutions from organizations mainly in the UK, Germany, and France is expected to drive the revenue growth of the endpoint detection and response [EDR] market.

Scope of the Report:

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