ID: MRFR/SEM/4011-HCR | February 2021 | Region: Global | 100 pages
Endpoint Detection and Response Market Overview
According to the latest research report, during the projected period of 2017-2023, the endpoint detection and response market size is anticipated to reach about USD 3.41 billion. The Endpoint Detection and Response Market is predicted to expand at a compound annual growth rate (CAGR) of 26.06 percent. Endpoint detection and response (EDR) is a technology that is constantly developing. It was created especially to track and analyze suspicious activity on the end terminal of computer networks. The EDR system is made easier to use by incorporating software into the system that allows for the storage of comprehensive information and the monitoring of suspicious events. The EDR system is used for the aim of monitoring and supervising the computer system in order to protect it from sophisticated and harmful attacks. According to its operation, the EDR method works to monitor network events and record detailed information in a central database, from which additional processes including interpretation, detection, and examination as well as recording and notification take place.
The Endpoint Detection and Response Market is anticipated to grow in tandem with the adoption of BYOD (bring your own device) in corporate organizations and an increase in the number of cyber-attacks during the forecast period. With the advancement of technology, there has been a growth in the need for sophisticated endpoints, particularly with the increase in the number of mobile risks. A comprehensive integrated security system is no longer sufficient for the protection of a company facility since a growing number of businesses are highly reliant on mobile devices, electronic gadgets, and laptop computers for business communication. This EDR system is widely used in a variety of industries, including banking, business institutions, and insurance (BFSI), information technology and telecommunications, government and public utilities, aerospace and military, manufacturing, healthcare, and retail, among others.
This report contains all the information on the endpoint detection and response (EDR) market report and its strengths. The report also contains the culmination of dynamics, segmentation, key players, regional analysis, and other important factors. And a detailed analysis of the endpoint detection and response market analysis and forecast for 2023 is also included in the report.
Covid 19 Analysis
Due to a rise in phishing activities, COVID-19 has substantially increased the adoption of cloud infrastructure and services. In addition, COVID-19 has significantly increased the security budget, which has resulted in a large increase in cloud infrastructure and services. According to the findings of a study conducted by Microsoft and published in August 2020, 36% of the total 800 respondents said that the budget for cybersecurity had risen as a consequence of the pandemic outbreak. Additionally, 42 percent of those who answered the survey said that the company altered its personnel by adding more security experts.
Due to the obvious growing use of the cloud and cloud-based operations, inadequately protected cloud databases continue to be a source of vulnerability for companies. These vulnerabilities may range from basic misconfiguration problems to weaknesses in hardware chips. There are many tools available that allow prospective attackers to discover misconfigured cloud services on the internet. These tools are readily accessible. Effective security solutions are thus of critical significance for businesses in order to remain competitive. Furthermore, rapid identification and reaction are critical in dealing with such threats.
There has been an increase in the use of hosted endpoint detection and response market demand. There is a growing need for comprehensive and next-generation security products and services. These factors are providing lucrative opportunities for the major key players in the global market.
Innovation is expensive, and there are financial limitations and also Internal and external dangers are not being recognized or addressed these factors can be considered as a major restraint of the endpoint detection and response market growth.
Despite the fact that EDR tools are very beneficial to businesses since they reduce IT cyber threat concerns such as APTs, trojans, hackers, malware, and others, the EDR tools must be complete and deployed on all servers and workstations in order to be effective. The deployment of EDR tools across all servers and workstations may result in cost-related difficulties. These issues are interfering with the expansion of the Endpoint Detection and Response Market.
Cumulative Growth Analysis
The expansion of the information technology and telecommunications sectors has resulted in the expansion of cloud computing, as well as the expansion of ETDR linked to the cloud. The proliferation of cloud-based mobile applications has increased data accessibility, allowing workers to view data from any place, which is convenient for the company's employees. The International Trade Administration (ITA) states that According to the Cloud Access Security Broker (CASB), 50 percent of businesses with more than 1000 users are utilizing solutions offered by the company to monitor and control their usage of the software as a service in the U.s. in 2018. As a result of the widespread usage of cloud computing, the danger of vulnerability attacks on cloud networks has risen. Because of the high-speed internet and cost-efficiency of cloud-managed services, they are the most suitable for usage in different information technology companies.
Value Chain Analysis
According to the reports, the endpoint detection and response (EDR) market is segmented according to the components used, the enforcement point used, the deployment used, the organization used, and the end-user used. The endpoint detection and response market share is subdivided into two categories based on the component used: solutions and services. The professional and dedicated hosting sub-segments are included in the service sub-segment. The professional services are divided into the following categories: implementation, consultancy, education and training, and support and maintenance. Furthermore, the enforcement sector is divided into many categories, including workstations, smart applications, servers, point of sale systems, and others.
On-premises, cloud-based, and hybrid deployments are the three types of deployments available. Depending on the size of the company, endpoint detection and response systems are classified as small and medium-sized enterprises (SME) or big enterprises (GE). The endpoint detection and response market is segmented into the following end-user segments: banking, financial services, and insurance (BFSI), information technology and telecommunications (IT and telecom), government & public utilities, aerospace & defense, production, healthcare, sales, and others.
The Endpoint Detection and Response Market is segmented on the basis of components used, the enforcement point used, the deployment used, the organization used, and the end-user used. The global endpoint detection and response (EDR) market is expected to witness decent growth during the forecast period.
Based on the application, the Endpoint Detection and Response Market is segmented into implementation, consultancy, education and training, and support and maintenance.
Based on the propulsion types, the market is segmented into banking, financial services, and insurance (BFSI), information technology and telecommunications (IT and telecom), government & public utilities, aerospace & defense, production, healthcare, sales, and others.
According to the reports, On the basis of geography, the Endpoint Detection and Response market can be divided into four distinct regions: North America, Asia Pacific, Europe, and the Rest of the World. It is expected that North America would be the dominant area in the Endpoint Detection and Response market solutions. The United States and Canada are the two most important nations in this area. This really is due to increasing expenditure in research and development to improve upon the already available technology. Moreover, it is expected that Europe would see significant growth during the projection period. The main nations in the area include Germany, France, and the United Kingdom, among others. A high number of businesses engaged in research initiatives, as well as increasing use of data privacy and security, are contributing to the market's growth, which is anticipated to continue during the forecast period.
As a result of the growing number of data breaches reported across the world, the endpoint detection and response industry is becoming increasingly fragmented. In today's fast-paced world, keeping personal data securely has emerged as the most important job for big businesses to do. Corporations like as Carbon Black, Cisco Systems, and Symantec, among others, are creating EDR solutions to meet the needs of such companies.
Major Key Players
The following report comprises of –
Endpoint Detection and Response Market By Enforcement Point:
By Deployment Mode:
Endpoint Detection and Response Market By Organization Size:
Endpoint Detection and Response Market By Region:
|Market Size||USD 3.41 Billion (2023)|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Component, Organization|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Symantec Corporation (U.S.), Digital Guardian (U.S.), EMC Corporation (U.S.), Guidance Software, Inc. (U.S.), McAfee (U.S.), RSA Security (U.S.), FireEye, Inc. (U.S.), Intel Corporation (U.S.), Tripwire, Inc. (U.S.), Carbon Black, Inc. (U.S.), Cisco Systems, Inc. (U.S.), Cybereason Inc. (U.S.), Bromium Inc. (U.S.) and CrowdStrike, Inc. (U.S.).|
|Key Market Opportunities||Rise in demand for the advanced endpoint especially with the increase in a number of mobile threats.|
|Key Market Drivers||The increased adoption of data security measures associated with a large number of companies involved in research projects which is expected to drive the market over the forecast period.|
Frequently Asked Questions (FAQ) :
The endpoint detection and response market is predicted to grow at a 26% CAGR between 2016- 2023.
The endpoint detection and response market is predicted to reach USD 3.41 billion by 2023.
North America will lead the endpoint detection and response market.
Increasing use of BYOD in the business and rising cyber-attacks are driving the endpoint detection and response market growth.
Prominent players profiled in the endpoint detection and response market include CrowdStrike, Inc. (U.S.), Bromium Inc. (U.S.), Cybereason Inc. (U.S.), Cisco Systems, Inc. (U.S.), Carbon Black, Inc. (U.S.), Tripwire, Inc. (U.S.), Intel Corporation (U.S.), FireEye, Inc. (U.S.), RSA Security (U.S.), McAfee (U.S.), Guidance Software, Inc. (U.S.), EMC Corporation (U.S.), Digital Guardian (U.S.), and Symantec Corporation (U.S.).