July 16, 2024
Endpoint Detection And Response (EDR) Market
Ict

Cloud Computing Segment Is The Largest Segment Driving The Growth Of Endpoint Detection And Response (EDR) Market

The global Endpoint Detection and Response (EDR) Market is estimated to be valued at US$ 3430.46 Mn or Bn in 2023 and is expected to exhibit a CAGR of 26.% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Endpoint detection and response solutions enable organizations detect threats by monitoring endpoint activities in real time and respond to malicious activities through automated actions. EDR solutions gather information from endpoints and analyze them using behavior-based analytics to detect known and unknown threats.

Market key trends:

One of the key trends in the EDR market is the increasing adoption of cloud-based EDR solutions. Cloud-based EDR solutions provide benefits such as scalability, cost-effectiveness and remote endpoint monitoring capabilities. These solutions allow enterprises to gain insights into endpoints activities from anywhere. With the growing trend of work from home and remote work, the demand for cloud-based EDR solutions is increasing significantly. This is expected to drive the growth of the cloud computing segment in the global EDR market during the forecast period.

SWOT Analysis

Strength: EDR solutions offer capabilities like advanced threat detection, continuous monitoring and response which enhances organizations security posture. They provide visibility across endpoints and networks to detect even unknown and sophisticated threats.

Weakness: EDR solutions require significant investment and expertise to deploy and manage. Not all organizations have dedicated security operations centers and skilled security analysts to leverage advanced capabilities of EDR.

Opportunity: Increasing shift towards remote working models and digital transformation initiatives has expanded the attack surface for cybercriminals. This has boosted demand for advanced endpoint security solutions like EDR.

Threats: Open-source or affordable threat intelligence solutions from startups can pose pricing pressure on established EDR vendors. Lack of skilled security talent can limit effective usage of these solutions.

Key Takeaways

The Global Endpoint Detection And Response (EDR) Market Size is expected to witness high growth, exhibiting CAGR of 26% over the forecast period, due to increasing prevalence of sophisticated targeted attacks. EDR solutions provide granular visibility and control over endpoints, enabling organizations to proactively detect and respond to even unknown threats.

North America dominated the global EDR market in 2022 owing to high technology adoption and strong regulatory environment. However, Asia Pacific is expected to grow at the fastest pace during the forecast period supported by increasing digitalization of enterprises and massive growth of OT infrastructure in countries like China and India.

Key players operating in the Endpoint Detection and Response (EDR) market are RSA Security (DELL EMC), Carbon Black Inc., McAfee Corporation, Cisco Systems Inc., OpenText Corporation, FireEye Inc., CrowdStrike Inc., Digital Guardian, Broadcom Inc., Deep Instinct, and Cybereason Inc. Vendors are focusing on advancing machine learning and AI capabilities for autonomous endpoint protection. They are also expanding product portfolios through strategic acquisitions to consolidate their market presence.

 

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it