Published Date: 31-Jul-2022
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According to a new report, published by KBV research, 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.
The BFSI segment is showcasing a CAGR of 23.7% during (2022 - 2028). As technology develops, new and cutting-edge goods and services are released to improve corporate operations. This vertical's enormous consumer base makes use of services including mobile banking, internet banking, and online banking. This makes this sector of the economy an attractive one for scammers. The BFSI vertical heavily utilizes EDR systems to safeguard personnel, clients, property, workplaces, branches, and operations.
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. It is because solutions have many advantages that can enhance the detection and response to cyber incidents, including time, money, and resource savings while promoting cyber security. Multiple levels of security are necessary for the EDR solution. It is a crucial component of a strong security system. Such a development accelerated the market's expansion for endpoint detection and response.
The Cloud segment has shown the growth rate of 26.6% during (2022 - 2028). Due to its lower cost and simpler maintenance anticipated in the use of cloud-based endpoint detection and response growth. Additionally, it offers adaptability and scalability to improve corporate procedures, which fuels the market for endpoint detection and response. Decentralized cloud storage is necessary to enable remote data maintenance, management, and backup. This has advantages for organizations pushing IT specialists to migrate their data to the cloud, including accessibility, cost savings, and data security.
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. Large organizations are the driving force behind the need to cut the cost of security operations, indicating that the expenditure pendulum that has fueled the multi-year boom in security budgets is now beginning to swing back oppositely. These companies may want to optimize and boost the effectiveness of their security operations since they feel they aren't getting the full return on their investments in security products.
The Mobile Devices segment is showcasing a CAGR of 25.7% during (2022 - 2028). Mobile endpoint security is a cyber-security technique that enables businesses to safeguard all the devices connected to their networks and stop unauthorized users from accessing their systems. Businesses can protect all the devices that workers use for work, whether they are on their networks or in the cloud, with the use of a mobile endpoint security solution.
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.The Europe market is exhibiting a CAGR of 24.3% during (2022 - 2028). Additionally, The Asia Pacific market would showcase a CAGR of 25.4% during (2022 - 2028).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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 Deployment Type
By Organization Size
By Enforcement Point
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