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Endpoint Detection and Response Market Size, Trends, Industry Overview, Opportunity and Forecast 2024-32

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 size.

what is the market size of endpoint detection and response?

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.

Top Companies in the Endpoint Detection and Response 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 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

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.

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.

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.

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