Transparency Market Research delivers key insights on the global endpoint detection and response market. In terms of revenue, the global endpoint detection and response (EDR) market is estimated to expand at a CAGR of ~21% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in its report on the global endpoint detection and response (EDR) market.
An increasing number of security breaches and cyber-attacks, and mandate to follow regulatory and data protection laws pertaining to industry security regulations have contributed to the growth of the endpoint detection and response (EDR) market ecosystem. This is one of the major factors triggering the growth of the endpoint detection and response (EDR) market. Furthermore, rise in the number of cyber-attacks, improvements in industrial cybersecurity, increase in adoption of IoT in endpoint devices and servers, growth in network congestion, and surge in adoption of BYOD policy in different organizations are factors facilitating the expansion of the endpoint detection and response (EDR) market. The report analyzes the global endpoint detection and response (EDR) market and provides estimates in terms of revenue (US$ Mn) from 2018 to 2030.
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Key Growth Drivers of the Endpoint Detection and Response (EDR) Market
Increasing demand for cloud-based deployment for cost optimization: The increasing use of cloud services is expected to bring down costs for hardware and software products, which could reduce the overall market price, but more likely, heavier adoption will bring in more customers, thus being a potential positive for market revenue growth. As per the SANS Institute Vulnerability Management Survey, 33% of enterprises rely on cloud-service providers to manage their cloud-based vulnerabilities. In the survey, it was also estimated that 80.2% of the enterprises, which have vulnerability scanners, specifically deployed the software for server-side applications, which include platform providers such as Oracle, IBM, Apache, and Microsoft.
The key advantage of cloud services is the ability of IT organizations to shift IT resources from maintenance to new initiatives. This, in turn, could lead to new business revenue and competitiveness. Cloud environments need to be secure, both on customer premises and in the service providers’ datacenter, to ensure strong opportunity for endpoint detection and response (EDR) vendors to capitalize the opportunity. The rising need to secure the cloud environment as SMEs adoption of cloud environment is growing at a very strong rate is creating ample opportunities for endpoint detection and response (EDR) vendors.
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Rising rate of data breach and cyber-attacks: Vulnerabilities represent security gaps that could be abused by attackers to damage applications, trigger a denial of service, and/or steal potentially sensitive information. The security management framework in place that regularly checks for new risks and threats is crucial for preventing cybersecurity breaches.
A recent Service Now survey (conducted by Ponemon) states that of the 3,000 companies surveyed, almost half admitted that their organization suffered a data breach in the past two years. Of those who suffered data breach, 34% knew they were vulnerable but did nothing.
It has also found that 69% of businesses worldwide are currently running Windows 7, 5% run Windows 8, and 14% still run Windows XP, which Microsoft stopped supporting in 2014. According to a report published by Rapid7, cybercriminals can generate individual earnings that are up to 15% higher than traditional crimes, whereas laundered funds from cybercriminal activity are estimated at up to US$ 200 Bn per year. A new report from The Cybersecurity Imperative states that annual losses from cyber-attacks averaged US$ 4.7 Mn in the last fiscal year—with more than one in 10 firms losing over US$ 10 Mn.
The endpoint detection and response (EDR) solution’s ability to protect against file less malware, improve post-breach remediation capabilities, and provide improved threat telemetry over conventional security solutions is driving its deployment in the highly vulnerable digital world. This, in turn, is anticipated to accelerate the growth of the endpoint detection and response (EDR) market.
Endpoint Detection and Response (EDR) Market: Prominent Regions
In terms of region, the global endpoint detection and response (EDR) market has been divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America dominated the endpoint detection and response (EDR) market in 2020, and this trend is expected to continue during the forecast period of 2020 to 2030. Within North America, the U.S. and Canada are anticipated to drive the growth of the market in the region. This is due to higher adoption levels of advanced relevant technologies in the region, and high focus on innovations through R&D. These counties have the most competitive and rapidly changing markets in the world for improving the strategy of endpoint detection and response (EDR) and its adoption in organizations.
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Asia Pacific is expected to hold a significant share of the endpoint detection and response (EDR) market due to the increasing demand for cyber security services and solutions. Asia Pacific has been identified as one of the regions that has witnessed high growth in usage of cloud-based security applications. Traditional security solutions have drawbacks such as high implementation and maintenance costs as well as low reliability. It is becoming difficult for organizations to keep pace with rapidly increasing cyber-attacks, mobilization of the workforce, and influx of new devices. Anti-phishing, desktop firewall applications, and antivirus have grown to large programs and makes heavy demands on system resources. This is encouraging companies in the region to adopt endpoint detection and response (EDR) solutions and services, which would propel the market in Asia Pacific.
Furthermore, the Asia Pacific region is expected to expand significantly due to growth of IT & telecom and BFSI sectors in developing countries such as China, Japan, South Korea, and India. This is anticipated to boost the demand for endpoint detection and response (EDR). By analyzing the Asia Pacific endpoint detection and response (EDR) market at the country level, it is anticipated that India and China would lead the market consistently during the forecast period. This is mainly due to increase in Internet penetration and the BYOD policy in large and small & medium size enterprises.
Apart from India and China, countries such as Japan, Singapore, Malaysia, and Australia are also likely to contribute significantly to the Asia Pacific endpoint detection and response (EDR) market. In addition, rapid digitization, especially in developing countries of South America and the Middle East is also aiding the growth of the endpoint detection and response (EDR) market.
The report provides in-depth segment analysis of the global endpoint detection and response (EDR) market, thereby providing valuable insights at macro as well as micro levels. The analysis of major countries, which hold growth opportunities or account for significant share has also been included as part of geographic analysis of the endpoint detection and response (EDR) market.
Endpoint Detection and Response (EDR) Market: Key Players
Key players operating in the global endpoint detection and response (EDR) market include Carbon Black, Inc., Check Point Software Technologies Ltd., Cisco Systems, Inc., CrowdStrike, Inc., Cyberbit, Cybereason Inc., Digital Guardian, FireEye, Inc., F-Secure, Intel Security – McAfee, Kaspersky, Microsoft Corporation, OpenText Corp., Palo Alto Networks, RSA Security, LLC (EMC), SentinelOne, Symantec Corporation, Tanium Inc., and Tripwire, Inc.
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