Overview and Scope
Endpoint detection and response (EDR) refers to a cybersecurity technology that focuses on detecting and investigating suspicious activities, threats, and security incidents on endpoint devices. It provides organizations with real-time visibility into endpoint behavior, enabling proactive threat detection and rapid response to mitigate risks effectively.
Sizing and Forecast
The endpoint detection and response market size has grown exponentially in recent years. It will grow from $3.98 billion in 2023 to $5.06 billion in 2024 at a compound annual growth rate (CAGR) of 27.2%. The growth in the historic period can be attributed to the increasing frequency and sophistication of cyber threats, growing adoption of endpoint security solutions due to remote work trends, regulatory compliance requirements driving investment in cybersecurity, rise in ransomware attacks and data breaches, and expansion of bring your device (BYOD) policies in organizations.
The endpoint detection and response market size is expected to see exponential growth in the next few years. It will grow to $13.39 billion in 2028 at a compound annual growth rate (CAGR) of 27.5%. The growth in the forecast period can be attributed to the continued escalation of cyber threats, including ransomware and zero-day attacks, the proliferation of the Internet of Things (IoT) devices increasing the attack surface, adoption of zero trust security frameworks emphasizing endpoint security, increasing demand for managed detection and response services, and expansion of 5G networks leading to heightened security concerns. Major trends in the forecast period include increased adoption of AI and machine learning, focus on zero trust architecture, integration with identity and access management (IAM), and focus on threat intelligence sharing.
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Segmentation & Regional Insights
The endpoint detection and response market covered in this report is segmented –
1) By Component: Solutions, Services
2) By Deployment Type: Cloud-Based, On-Premise
3) By Organization Size: Small And Medium Enterprises, Large Enterprises
4) By End User Industry: Banking, Financial Services, And Insurance (BFSI), Information Technology And Telecommunication, Manufacturing, Healthcare, Retail, Other End-User Industries
North America was the largest region in the endpoint detection and response market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the endpoint detection and response market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The increasing use of electronic payments is expected to propel the endpoint detection and response market going forward. Electronic payments are monetary transactions conducted electronically using digital devices rather than traditional cash or checks. The surge in electronic payments can be attributed to the adoption of digital devices, the convenience and speed of transactions, and the rise of e-commerce, fueling demand for security measures in endpoint protection and response. Endpoint detection and response are crucial to safeguarding electronic payments by detecting and responding to cyber threats targeting endpoint devices involved in payment processing. For instance, in September 2023, according to UK Finance Limited, a UK-based trade association for the UK banking and financial services sector, there were $17 billion in contactless payments across both debit and credit cards in 2022, marking a 30% increase from the $13.1 billion made in 2021. Furthermore, the average value of contactless payments continued to rise in 2022, reaching $ 18.94 (£15.10), up from $15.88 (£12.66) in 2021. Therefore, the increased use of electronic payments is driving the growth of the endpoint detection and response market.
Key Industry Players
Major companies operating in the endpoint detection and response market are Intel Corporation, Cisco Systems Inc., Broadcom Inc., VMware Inc., Palo Alto Networks Inc., OpenText Corporation, Fortinet Inc., McAfee Corporation, CrowdStrike Inc., FireEye Inc., RSA Security, Arctic Wolf Networks Inc., Optiv Security Inc., Bitdefender Ltd, SentinelOne Inc., Cybereason Inc., Digital Guardian, Huntress Labs Inc. , Deep Instinct, Cynet, Sophos Ltd., SecPod Technologies, Aiuken Cybersecurity, ESET spol. s r.o.
The endpoint detection and response market report table of contents includes:
1. Executive Summary
2. Endpoint Detection And Response Market Characteristics
3. Endpoint Detection And Response Market Trends And Strategies
4. Endpoint Detection And Response Market – Macro Economic Scenario
5. Global Endpoint Detection And Response Market Size and Growth
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32. Global Endpoint Detection And Response Market Competitive Benchmarking
33. Global Endpoint Detection And Response Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Endpoint Detection And Response Market
35. Endpoint Detection And Response Market Future Outlook and Potential Analysis
36. Appendix
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