Endpoint Detection and Response (EDR) Market Growth Drivers and Forecast by 2031

The endpoint detection and response (EDR) market is expected to reach US$ 22.00 billion by 2031 from US$ 4.39 billion in 2024, at a CAGR of 25.9% during the forecast period. 

Endpoint Detection and Response (EDR) are security solutions designed to help organizations to understand the chain of attack, to detect suspicious activity on endpoints, and facilitate administrator with a quick and appropriate response. Moreover, it detects incidents, confirms & prioritize risks, and prevents attacks in the systems. EDR delivers automation, data integration, and provides advanced support to organizations data storage systems. The EDR is systems that store endpoint system level behaviors & events, for instance, file, registry, process, memory, and network events. These solutions are highly adopted across the wide range of industry verticals such as BFSI, healthcare, retail, government, and IT & telecommunication amongst others. A surge in demand to reduce IT security risk, the capability to reduce the time to respond & detect hacking and malware incidents, and rising instances of enterprise endpoint targeted attacks are driving the global EDR market. The South America endpoint detection and response market region is expected to witness a CAGR growth rate of 29.0% in the coming years.

Endpoint Detection and Response Market Insights

Increase in demand to minimize cyber threats

Endpoint detection and response (EDR) is in demand owing to increase in requirement from enterprises for advanced threat protection. The key purpose of EDR system is to improve visibility into endpoint events and improve threat detection and response times. It anticipates threats and assesses risks, threat detection, and quick response in order to investigate incidents. Moreover, it detects incidents, confirms & prioritize risks, and prevents attacks in the systems. EDR is a cyber-security technology that responds to advanced threats and addresses the need for continuous monitoring. These solutions detect sophisticated hidden threats without the need of any externally fed IOCs. Currently, data risk management is necessary for any organization or business that stores valuable and sensitive information and data. In today’s ever-shifting cyber threats, it is important to protect data to reduce the risk affecting business and financial values. Thus, implementation of EDR provides the organization with better visibility into finding & stopping malware, reduced risk of breach, and advanced threats. Therefore, surge in demand to diminish IT risk is fueling the growth of the market. Subsequently, driving the growth for endpoint detection and response market in the coming years.

Endpoint Detection and Response Market -

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Endpoint Detection and Response (EDR) Market: Strategic Insights

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Growing demand for improved incident response timings

The major capabilities associated with the employment of EDR systems are the reduced time to detect and respond to malware incidences. Moreover, EDR delivers automation, data integration, and provides advanced support to organizations data storage systems. The EDR solutions should be capable of quick detection and spot threats to secure organization’s confidential information and infiltrate malware. The EDR is systems that store endpoint system level behaviors & events, for instance, file, registry, process, memory, and network events. It differs from endpoint protection platform (EPP) such as anti-malware and anti-virus which aren’t focused on automatically stop threats in pre-execution phase. EDR is more focused on right endpoint visibility along with precise insight to discover and respond to advanced threats across multiple endpoints. Thus, the capability of reduced response time and detecting malware incidents are boosting the growth of EDR market. Thus, the growing emphasis towards improved is expected to provide numerous profitable opportunities for the endpoint detection and response market players in the coming years.

Endpoint Detection and Response Market – Component

In the global endpoint detection and response market for suspension type segment, Currently, many of the companies are opting for EDR technology in order to protect their valuable and confidential information. Compromised endpoints are the tactics to create a foothold on a network, thus, rapid detection and response to endpoints such as laptops, desktops, and servers are essential for IT security. Numerous industry players are providing solutions such as automated threat detection and prevention for known & unknown threats, help to identify malicious activities, and machine learning & analytics. It also collects, processes, and analyzes all endpoint activities. The solution provided by EDR vendors are deployed on endpoint devices in order to inhibit file-based malware attacks, identify malicious activity, securing virtualized data centers, and deliver the investigation capabilities for dynamic security incidents and alerts.

Endpoint Detection and Response Market – Deployment Model

For the global endpoint detection and response market by hosted deployment segment, the hosted EDR services enable a system-based security agent to query the cloud if a user accesses a suspicious URL and response accordingly. A threat defense architecture based on hosted foundation improves overall threat detection efficiency. A cloud-based detection system is vital for large-scale companies in order to mitigate workloads and services to public cloud infrastructure. It provides full visibility into cloud environments as compared to traditional intrusion detection systems. However, it involves time consumption, resource, and budget for cloud-based intrusion detection to purchase and manage a point of security solution. In general usage, hosted deployment model provides a solution with more flexibility, integrity, and enhanced manageability. It offers the user with quick response, eliminate updating & maintenance cycle, and cloud deployment enables response to the remote incident and reduces the response time. A next-generation cloud deployment endpoint security solution safeguards easier management, scalability, and real-time threat intelligence delivery. The hosted deployment model in the global endpoint detection and response market is expected to register a CAGR of 33.0% during the forecast period.
 

Strategies such as acquisition, market initiative and new development was observed as the most adopted strategy in global endpoint detection and response market. Few of the recent strategies by some of the players’ operating in the endpoint detection and response market landscape are listed below:

2018: CounterTack closes the acquisition of GoSecure, Inc., Canada based provider of cybersecurity managed detection and response solutions. This acquisition enlarges the previous partnership with GoSecure to “best-in-class MDR platform-as-a-service” to serve the CounterTack’s domestic and international consumers. The transaction would also improve the products of CounterTack for every enterprises irrespective of deployment type.

2018: Carbon Black supports VMware Workspace ONE Trust Network which is a new security approach that integrates Workspace ONE a digital workspace platform with trusted security partner to provide analytical and automated security in the digital workspace. The collaboration also aims to improve the data center and cloud security.

2015: Tanium and Palo Alto Networks the next-generation security company stated the formation of strategic alliance. Through this alliance, Tanium would be able to receive malicious indicators and confirm the existence of any cyber threat and share the information with the Palo Alto Networks where network and endpoint protections are improved on a continuous basis.

Endpoint Detection and Response (EDR) Market Regional Insights

The regional trends and factors influencing the Endpoint Detection and Response (EDR) Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Endpoint Detection and Response (EDR) Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Endpoint Detection and Response (EDR) Market Report Scope

Endpoint Detection and Response (EDR) Market Players Density: Understanding Its Impact on Business Dynamics

The Endpoint Detection and Response (EDR) Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the Endpoint Detection and Response (EDR) Market are:

1. Carbon Black, Inc.
2. Cisco Systems, Inc.
3. CrowdStrike, Inc.
4. Digital Guardian
5. FireEye, Inc.
6. Open Text Corporation

Disclaimer: The companies listed above are not ranked in any particular order.

Global Endpoint Detection and Response Market Segmentation

Endpoint Detection and Response Market – By Component  

• Solutions
• Services
  • Professional Services
  • Managed Services

Endpoint Detection and Response Market – By Deployment Model

• On-premise
• Hosted
• Hybrid

Endpoint Detection and Response Market – By Organization Size

• Small & Medium Enterprises
• Large Enterprises

Endpoint Detection and Response Market – By Vertical

• Healthcare
• Retail
• BFSI
• Government
• IT & Telecommunication
• Manufacturing
• Others

Endpoint Detection and Response Market - By Geography

• North America

  • U.S.
  • Canada
  • Mexico

• Europe

  • France
  • Germany
  • Italy
  • Spain
  • U.K.

• Asia-Pacific (APAC)

  • Japan
  • China
  • India
  • Australia

• Middle East & Africa

  • Saudi Arabia
  • South Africa
  • UAE

• South America

  • Brazil

Endpoint Detection and Response Market - Company Profiles

• Carbon Black, Inc.
• Cisco Systems, Inc.
• CrowdStrike, Inc.
• Digital Guardian
• FireEye, Inc.
• Open Text Corporation
• Symantec Corporation
• Tripwire, Inc.
• Tanium Inc.
• Cyberreason Inc.
• RSA Security LLC
• CounterTack