The endpoint detection and response global market report 2024from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Endpoint Detection And Response Market, 2024report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size – 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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Scope Of Endpoint Detection And Response MarketThe Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Endpoint Detection And Response Market Overview
Market Drivers -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.
Market Trends – Major companies operating in the endpoint detection and response market focus on developing innovative technologies, such as advanced threat-hunting capabilities, to identify and mitigate emerging cyber threats proactively. Advanced threat-hunting capabilities encompass sophisticated techniques and tools cybersecurity professionals use to proactively seek out and identify hidden or emerging threats within an organization’s network and endpoints. For instance, in August 2022, Huntress Labs Inc., a Colombia-based cybersecurity company, launched new managed endpoint detection and response (EDR) capabilities through its innovative Process Insights feature. This feature uses advanced threat-hunting capabilities, backed by Huntress’ global 24/7 threat-hunting team, to continuously monitor activity from thousands of applications running on laptops and servers. It enables swift identification, isolation, and remediation of active cyberattacks, providing increased visibility into endpoints and networks. This innovation enhances Huntress’ platform, offering adequate protection against evolving cybersecurity threats for small and mid-sized businesses (SMBs).
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
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Regional Insights – 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.
Key Companies – 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.
Table of Contents 1. Executive Summary2. Endpoint Detection And Response Market Report Structure3. Endpoint Detection And Response Market Trends And Strategies4. Endpoint Detection And Response Market – Macro Economic Scenario5. Endpoint Detection And Response Market Size And Growth…..27. Endpoint Detection And Response Market Competitor Landscape And Company Profiles28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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