The latest report by IMARC Group, titled “Endpoint Detection and Response Market Report by Component (Solutions, Services), Solution Type (Workstations, Mobile Devices, Servers, Point of Sale Terminals), Deployment Mode (On-premises, Cloud-based), Organization Size (Large Enterprises, Small and Medium-sized Enterprises), End Use Industry (BFSI, IT and Telecom, Manufacturing, Healthcare, Retail, and Others), and Region 2024-2032”, offers a comprehensive analysis of the industry, which comprises insights on the market.
How big is the EDR market?
The global endpoint detection and response market size reached US$ 3.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 14.7 Billion by 2032, exhibiting a growth rate (CAGR) of 18.5% during 2024-2032.
Factors Affecting the Growth of the Endpoint Detection And Response Industry:
- Cybersecurity Threat Landscape Evolution:
At present, the endpoint detection and response (EDR) industry is witnessing significant growth due to the ever-evolving cybersecurity threat landscape. With cyberattacks becoming more sophisticated and frequent, organizations around the world are increasingly prioritizing their security postures. EDR solutions provide advanced threat detection and response capabilities, enabling businesses to defend against threats proactively. As cyber criminals continuously adapt their tactics, EDR vendors must innovate and offer real-time monitoring, threat intelligence, and automated incident response to meet the escalating demands of organizations worldwide, thus accelerating market growth.
- Increasing Regulatory Compliance Requirements:
Another key factor supporting the growth of the EDR industry is the stringent regulatory environment surrounding data protection and privacy. Governments and regulatory bodies worldwide are imposing stricter compliance requirements, such as the General Data Protection Regulation (GDPR) and the Health Insurance Portability and Accountability Act (HIPAA), compelling organizations to safeguard their sensitive data. EDR solutions help companies maintain compliance by providing comprehensive visibility into endpoint activities and facilitating rapid incident response. This rise in the demand for compliance-driven security solutions represents a major factor contributing to the market growth.
- Rising Remote Workforce and Digital Transformation:
In recent years, the escalating adoption of remote work and increasing digital transformation initiatives have propelled the EDR industry forward. With employees accessing corporate networks from various locations and devices, the attack surface has expanded significantly. EDR tools are essential in securing these distributed environments by monitoring endpoints for suspicious activities and potential threats. As businesses across the globe continue to embrace remote work and digital technologies, the EDR industry is poised for sustained growth, fueled by the heightened need to protect endpoints in diverse and dynamic settings.
For an in-depth analysis, you can request a sample copy of the report: https://www.imarcgroup.com/endpoint-detection-response-market/requestsample
Competitive Landscape:
The competitive landscape of the market has been studied in the report with detailed profiles of the key players operating in the market.
- Broadcom Inc.
- Cisco Systems Inc.
- CrowdStrike Inc.
- Cybereason
- Fortra LLC
- Microsoft Corporation
- OpenText Corporation
- Palo Alto Networks Inc
- RSA Security LLC
- SentinelOne
- Sophos Ltd.
- Trend Micro Incorporated
Endpoint Detection And Response Market Report Segmentation:
By Component:
- Solutions
- Services
Solutions dominate the market by component owing to the increasing demand for comprehensive security solutions in the face of rising cyber threats.
By Solution Type:
- Workstations
- Mobile Devices
- Servers
- Point of Sale Terminals
Workstations hold the largest market share as they are vital endpoints within an organization, often hosting sensitive data and serving as potential entry points for cyberattacks.
By Deployment Mode:
- On-premises
- Cloud-based
On-premises represents the most popular deployment mode as it offers organizations greater control and customization over their EDR solutions, which is crucial for industries with stringent security and compliance requirements.
By Organization Size:
- Large Enterprises
- Small and Medium-sized Enterprises
Large enterprises account for the majority of the market share due to their extensive and complex IT infrastructures, which makes them prime targets for cyberattacks.
By End Use Industry:
- BFSI
- IT and Telecom
- Manufacturing
- Healthcare
- Retail
- Others
BFSI represents the leading market segment as the sector deals with vast amounts of sensitive financial data, making it a prime target for cyber threats.
Regional Insights:
- North America (United States, Canada)
- Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
North America’s dominance in the endpoint detection and response market is attributed to its high concentration of technologically advanced businesses, early adoption of cybersecurity technologies, and increasing number of cyber threats in the region.
Global Endpoint Detection and Response Market Trends:
The endpoint detection and response (EDR) market is currently witnessing several notable trends. Firstly, there is a growing emphasis on AI and machine learning integration within EDR solutions, enhancing their ability to detect and respond to sophisticated threats in real time. Besides this, the market is experiencing increased adoption of cloud-based EDR solutions, offering scalability and flexibility to organizations. Additionally, the convergence of EDR with Extended Detection and Response (XDR) solutions is becoming prevalent, providing a more holistic approach to threat detection and response. In line with this, the rising regulatory compliance requirements continue to drive EDR investments, especially in industries handling sensitive data, further supporting the market growth.
Ask Analyst for Customization: https://www.imarcgroup.com/request?type=report&id=5713&flag=C
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
Browse Our Other Reports:
- pipeline monitoring systems market
- industrial explosives market
- e-waste management market
- erp market
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic, and technological developments for business leaders in pharmaceutical, industrial, and high-technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology, and novel processing methods are at the top of the company’s expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
Contact Us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145 | United Kingdom: +44-753-713-2163
