by Endpoint Detection and Response (EDR) solutions allow organizations to gain visibility and control over endpoint devices by collecting and analyzing potential threats across the network in real-time. EDR solutions enable detection of anomalous behaviors and activities that may indicate security incidents such as malware infections and unauthorized access. They provide threat hunting and forensic investigation capabilities to analyze detected threats, identify root causes and impacted endpoints. EDR solutions also offer automated response functionalities to contain threats through actions like quarantining infected devices and blocking malicious connections and processes.
The global EDR Market is estimated to be valued at Us$ 3430.46 Mn in 2024 and is expected to exhibit a CAGR Of 7.3% over the forecast period 2024-2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The increasing frequency and sophistication of cyber threats is a key trend driving growth of the EDR market. Cybercriminals are continuously evolving their malware payloads and attack techniques to evade standard security controls and exploit new vulnerabilities. This has increased demand for advanced threat detection capabilities offered by EDR solutions. Another trend is the growing adoption of endpoint security-as-a-service, with many EDR vendors offering their solutions through the software-as-a-service model. This is allowing more organizations to access EDR technologies in a flexible, scalable and cost-effective manner. Cloud-based deployment is also gaining traction as it streamlines management of distributed endpoints. Integration of emerging technologies like artificial intelligence, machine learning and analytics is helping EDR solutions deliver more automated threat hunting, accelerate response and improve detection accuracy.
Porter’s Analysis
Threat of new entrants: The threat of new entrants is moderate due to well-established players presence in the market. However, the threats may increase with advancement in technology.
Bargaining power of buyers: The bargaining power of buyers is high due to presence of multiple solution providers in the market. Buyers can negotiate on price and quality of services.
Bargaining power of suppliers: The bargaining power of suppliers is moderate as there are few hardware and software suppliers in the market. However, suppliers differentiate their products to increase their bargaining power.
Threat of new substitutes: The threat of substitutes is low as EDR solutions provide threat hunting, detection, investigation, and response capabilities that cannot be easily substituted.
Competitive rivalry: The competitive rivalry is high owing to presence of global and regional players competing on the basis of features, capabilities, and pricing.
Key Takeaways
The Global Endpoint Detection And Response (EDR) Market Demand is expected to witness high growth.
Regional analysis:
Asia Pacific is expected to grow at the fastest pace during the forecast period. Increasing BYOD trends and rising awareness about endpoint security are driving the adoption of EDR solutions in the region. China, India, and Japan are some major markets in Asia Pacific.
Key players:
Key players operating in the Endpoint Detection and Response (EDR) market are Central Admixture Pharmacy Services, Inc., Nephron Pharmaceuticals Corporation, QuVa Pharma, Olympia Pharmacy, ASP Cares, Fagron Compounding Pharmacies, Athenex, Inc., Avella Specialty Pharmacy, Atlas Pharmaceuticals, Empower Pharmacy. Central Admixture Pharmacy Services, Inc. is one of the largest players with strong presence across North America.
Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
Ravina Pandya, a content writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemicals and materials, etc. With an MBA in E-commerce, she has expertise in SEO-optimized content that resonates with industry professionals.
