Rising demand for mitigation of IT security risk will be the major driving factor for growth in the EDR market between 2017 and 2025
Noteworthy growth in the field of cybersecurity has resulted in the evolution of various software tools dedicated to endpoint detection and response. At present, there are various companies that are providing endpoint detection and response solutions, the insight partner analysis has listed Tanium Inc., FireEye, Inc., Symantec Corporation, Crowdstrike, Inc., and Carbon Black, Inc. among top five players in the market. The top five companies in the global endpoint detection and response market were shortlisted after considering several parameters such as product and service portfolio, overall reach across the globe, number of distributors, initiatives and investments. Rising demand for mitigation of IT security risk is a key influencer fueling the revenue growth of the players in the EDR market. For the forecast period 2018-2025 the market is projected to grow at the CAGR of 28.8%.
The radial obstinate threats and modified targeted malware attack tools have deliberately surpassed the traditional antivirus solutions. The endpoint detection and response solutions facilitate the traditional antivirus technologies for enhanced behavior-based anomaly visibility and detection throughout endpoints.
Global Endpoint Detection and Response (EDR) market has been categorized by component, deployment model, organization size, and vertical. Endpoint Detection & Response is a cyber-security solution that differs from other endpoint protection platform (EPP) for instance antivirus and anti-malware, where the major focus isn’t to automatically stop threats in pre-execution phase on an endpoint. EDR is more focused on providing overall endpoint visibility with the right insights, which help security analysts to investigate and respond to a very advanced threat. On the basis of deployment type, global EDR market is categorized into on-premise, hosted, and hybrid. On-premise segment led the market in 2017 and, is expected to lose its dominance to the hosted segment during the forecast period (2018-2025).
On the basis of verticals, the global EDR market is categorized into healthcare, retail, BFSI, government, IT & telecommunication, and manufacturing including other industries. Endpoint detection and response are the tools for ensuring cybersecurity and are designed to help several organizations to understand the chain of attack, to detect suspicious activity on endpoints, and facilitate administrator with a quick and appropriate response. The nature of enterprise cybersecurity has changed rapidly with the rise in the cloud and mobile computing. The company’s data is scattered to the different endpoints as their employees work in the office as well as from different locations, on mobile devices, on personal laptops and computers.
Some of the major players influencing EDR market are Carbon Black, Inc, Cisco Systems, Inc., Countertack inc., CrowdStrike, Inc., Cybereason Inc., FireEye, Inc., Open Text Corporation, RSA Security LLC, Symantec Corporation, Tanium Inc., and Tripwire, Inc. among others.