The Global Endpoint Detection and Response Market size is expected to reach $7.1 billion by 2028, rising at a market growth of 24.8% CAGR during the forecast period.
Endpoint detection and response (EDR) has several benefits, including the capacity to identify threats in real-time and enable an immediate halt to a breach. Additionally, EDR tools help analyze data to spot threat patterns, automatically react to threats to neutralize them or take other measures, and alert security staff. It can be used as a forensics tool to support an investigation, which is anticipated to offer the industry lucrative growth potential. Furthermore, it tracks events and processes including registry changes, logins, and network connections to enable real-time visibility across all endpoints.
That makes it possible for the group or businesses to look into any suspicious conduct right away. The workload involved in identifying and responding to threats or hazards can also be lessened with the use of enhanced endpoint detection and response (EDR) processes. Removing the requirement for the security team to constantly monitor several tools and dashboards, which fuel the market's growth, saves time and resources.
Technology platforms known as EDR tools enable quick analysis and containment of attacks on endpoints in addition to warning security teams of potentially harmful activities. A workstation or laptop used by an employee, a server, a cloud system, a smartphone, or an IoT device are all examples of endpoints. EDR systems typically aggregate endpoint data, such as process execution, terminal communication, and customer logins; analyze data to find anomalies and suspicious attacks; and record data about harmful conduct. This gives security teams the information they need to look into and handle issues. They also make it possible to perform manual and automatic tasks to neutralize threats on the endpoint, such as wiping and reimaging the device or isolating it from the network.
Security teams now have the insight they need to find problems that might otherwise go undetected due to EDR security solutions, which keep track of all endpoint and workload activity and events. Continuous and thorough visibility into what is occurring on endpoints in real-time must be offered by an EDR system. An EDR tool should have sophisticated capabilities for threat detection, investigation, and response, such as incident data search, investigation alert triage, and validation of suspicious activity, threat hunting, and detection and containment of malicious activity.
The COVID-19 pandemic has caused social unrest and economic turbulence all across the world. The lockdown imposed by many governments has positively affected the adoption of endpoint detection and response (EDR). Following the effects of COVID-19, businesses are focusing on cutting-edge technologies to perform contactless operations safely and securely. These technologies include AI-powered remedies, computing technology, automation, and cloud-based endpoint detection and response across industries like BFSI, healthcare, government, and others. Additionally, as companies’ transition to digitalization, there is a growing need for an EDR solution that is reliable, AI-integrated, and has real-time reporting capabilities.
The leading players in the market are competing with diverse innovative offerings to remain competitive in the market. The below illustration shows the percentage of revenue shared by some of the leading companies in the market. The leading players of the market are adopting various strategies in order to cater demand coming from the different industries. The key developmental strategies in the market are Acquisitions, and Partnerships & Collaborations.
Crypto-jacking incidents drive companies to update unsecure systems, eliminating a potential point of entry for ransomware. Organizations implemented recommended fixes to address the exploited vulnerability. Every single moment in the web application compromises Expel conducted research that led to the introduction of a coin miner in 2021. This typically occurs when a victim unwittingly installs malicious scripts that let a cybercriminal access the device or other Internet-connected devices, such as by clicking on an unknown link in an e-mail or going to a malicious website. Because they are digital, cryptocurrencies can only be produced by computer programmers and processing power.
A company's rules and laws are unique to it. They may include goals, procedures, and risks that are specific to that company. Using the finest EDR tools, each user can create a security policy based on a customized rules engine. By using this engine, users can implement security and operational guidelines that will then be updated to address shifting business needs, changing threats, and applicable laws and regulations. Using custom security rules, the EDR team can filter out unimportant noise and remain focused on identifying both predictable and unanticipated risks. A flexible rules engine helps the provider's efficiency and accuracy, enabling them to identify and protect against a wider range of threats in the particular environment of the business.
The security of the third-party infrastructure and a loss of control are just two disadvantages of outsourcing security tasks to a third-party EDR network operator. The service company's cyber architecture must be secure and up to date if it is to be effective in fending off the most recent sophisticated threats. An EDR service provider's infrastructure may include sensitive customer and employee information from multiple companies, making it more susceptible to frequent and intricate attacks. Because of this, businesses could be reluctant to provide these service providers access to valuable data.
On the basis of the Component, the Endpoint Detection and Response market is divided into Solution and services. The services segment witnessed a significant revenue share in the endpoint detection and response market in 2021. It is because The Endpoint Detection and Response service provides a skilled team of threat hunters, cutting-edge EDR technology, and up-to-the-minute threat data to discover threats that other measures may miss. This dramatically improves the visibility of attacks aimed at endpoint devices.
Based on the Deployment Mode, the Endpoint Detection and Response market is classified into On-premise and Cloud. The on-premise segment procured the largest revenue share in the endpoint detection and response market in 2021. This is due to the many benefits that come with on-premises deployment, including the high level of data protection and safety. Companies favor on-premises models over cloud-based deployment models because they offer greater data security and experience fewer data breaches, which is what drives demand in both the public and private sectors.
By Organization Size, the Endpoint Detection and Response market is bifurcated into Large Enterprises and SMEs. The small & medium enterprises segment recorded a significant revenue share in the endpoint detection and response market in 2021. It is because cyber-attacks on SMEs result in severe data and financial losses. Since most businesses are struggling as a result of COVID-19, banks are seeing an increase in demand for business loans, especially from SMEs, to maintain operations during the pandemic, reduce operational risks associated with remote working practices, and comply with regulations to avoid fines.
Based on the Enforcement point, the Endpoint Detection and Response market is segmented into Workstations, Mobile devices, Servers, Point of sale terminals, and others. The workstation segment acquired the largest revenue share in the endpoint detection and response market in 2021. Enterprises often offer alternatives for remote management so security professionals can set the proper parameters. To be audited and analyzed, each endpoint transmits audit data to a central repository. Consumers don't require the same level of centralized management. A specialized computer called a workstation is made for use in technical or scientific tasks.
On the basis of the vertical, the Endpoint Detection and Response market is fragmented into Retail, Healthcare & Life Sciences, Manufacturing & Automotive, Government & Public Sector, BFSI, IT &Telecom, and Others. The IT & Telecom segment procured the highest revenue share in the endpoint detection and response market in 2021. It has been established that automatic speech recognition systems depend critically on endpoint detection. The system analyses the signal's static (energy) and dynamic (delta energy) characteristics frame by frame. The endpoint detector can be adjusted to the working environment such as telephone lines and can keep track of changes in the background noise levels.
| Report Attribute | Details |
|---|---|
| Market size value in 2021 | USD 1.5 Billion |
| Market size forecast in 2028 | USD 7.1 Billion |
| Base Year | 2021 |
| Historical Period | 2018 to 2020 |
| Forecast Period | 2022 to 2028 |
| Revenue Growth Rate | CAGR of 24.8% from 2022 to 2028 |
| Number of Pages | 340 |
| Number of Tables | 563 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Market Share Analysis, Segmentation Analysis, Regional and Country Breakdown, Competitive Landscape, Companies Strategic Developments, Company Profiling |
| Segments covered | Component, Deployment Type, Organization Size, Enforcement Point, Vertical, Region |
| Country scope | US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria |
| Growth Drivers |
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| Restraints |
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Region-wise, the Endpoint Detection, and Response market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The North America segment acquired the highest revenue share in the endpoint detection and response market in 2021. In the North American region, the market is anticipated to exhibit robust growth due to the rising use of endpoint detection and response for security applications in forensic, governmental, and banking & finance. However, during the Endpoint Detection and Response Market Forecast period, the Asia-Pacific region is anticipated to develop at the fastest rate. This area has a strong IT infrastructure, good software, and reliable services.
Free Valuable Insights: Global Endpoint Detection and Response Market size to reach USD 7.1 Billion by 2028
The major strategies followed by the market participants are Partnerships. Based on the Analysis presented in the Cardinal matrix; Microsoft Corporation is the forerunner in the Endpoint Detection and Response Market. Companies such as Cybereason Inc., Broadcom, Inc. and SentinelOne, Inc. are some of the key innovators in Endpoint Detection and Response Market.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Broadcom, Inc., Cisco Systems, Inc., Microsoft Corporation, OpenText Corporation, Crowdstrike Holdings, Inc., McAfee Corp., VMware, Inc., Palo Alto Networks, Inc., SentinelOne, Inc., and Cybereason Inc.
By Vertical
By Component
By Deployment Type
By Organization Size
By Enforcement Point
By Geography
The global Endpoint Detection and Response Market size is expected to reach $7.1 billion by 2028.
Malware, crypto-jacking, and enterprise email hacks are all on the rise are driving the market in coming years, however, Poor And Erratic Third-Party Software restraints the growth of the market.
Broadcom, Inc., Cisco Systems, Inc., Microsoft Corporation, OpenText Corporation, Crowdstrike Holdings, Inc., McAfee Corp., VMware, Inc., Palo Alto Networks, Inc., SentinelOne, Inc., and Cybereason Inc.
The Large Enterprises segment acquired maximum revenue share in the Global Endpoint Detection and Response Market by Organization Size in 2021 thereby, achieving a market value of $4.6 billion by 2028.
The Solution segment is leading the Global Endpoint Detection and Response Market by Component in 2021 thereby, achieving a market value of $5.05 billion by 2028
The North America market dominated the Global Endpoint Detection and Response Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2.6 billion by 2028.
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