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 edr market share.
What is the forecast for the endpoint detection and response 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.
Major Companies in the EDR Industry:
- 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
Factors Driving the Growth of the Endpoint Detection And Response Industry:
- Evolution of the Cybersecurity Threat Landscape:
The continuous evolution of the cybersecurity threat landscape is a key driver behind the significant growth of the endpoint detection and response (EDR) industry. As cyberattacks become increasingly sophisticated and frequent, organizations are prioritizing their security postures. EDR solutions provide advanced threat detection and response capabilities, empowering businesses to proactively defend against evolving threats. To meet the escalating demands, EDR vendors are innovating, offering real-time monitoring, threat intelligence, and automated incident response, thus accelerating market growth.
- Increasing Regulatory Compliance Requirements:
The stringent regulatory environment surrounding data protection and privacy is another critical factor supporting the growth of the EDR industry. 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 facilitate compliance by providing comprehensive visibility into endpoint activities and facilitating rapid incident response, driving the demand for compliance-driven security solutions and contributing to market growth.
- Rise of Remote Workforce and Digital Transformation:
The rapid adoption of remote work and increasing digital transformation initiatives in recent years have propelled the EDR industry forward. With employees accessing corporate networks from various locations and devices, the attack surface has significantly expanded. EDR tools play a critical role in securing these distributed environments by monitoring endpoints for suspicious activities and potential threats. As businesses globally continue to embrace remote work and digital technologies, the EDR industry is poised for sustained growth, driven by the heightened need to protect endpoints in diverse and dynamic settings.
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Global Endpoint Detection and Response Market Trends:
Firstly, there is a growing emphasis on the integration of AI and machine learning within EDR solutions, enhancing their ability to detect and respond to sophisticated threats in real-time. Additionally, the market is experiencing increased adoption of cloud-based EDR solutions, offering scalability and flexibility to organizations. The convergence of EDR with Extended Detection and Response (XDR) solutions is becoming prevalent, providing a more holistic approach to threat detection and response. Furthermore, the rising regulatory compliance requirements continue to drive EDR investments, especially in industries handling sensitive data, further supporting market growth.
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.
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