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The Endpoint Detection and Response (EDR) Market size is forecast to increase by USD 4.57 billion at a CAGR of 24.19% between 2023 and 2028. The growth rate of the market depends on several factors, including the increasing adoption of cloud-based EDR solutions, the emergence of enterprise mobility and BYOD policy, and the growing demand for integrated solutions for cybersecurity.
The market growth and forecasting report includes key player's detailed analyses of the competitive landscape of the market and information about 20 market companies, including BeyondTrust Corp., BlackBerry Ltd., Broadcom Inc., Check Point Software Technologies Ltd., Cisco Systems Inc., CrowdStrike Holdings Inc., Cybereason Inc, Dell Technologies Inc., ESET Spol Sro, Fortinet Inc., Lookout Inc., McAfee LLC, Palo Alto Networks Inc., SC BITDEFENDER SRL, SENTINELONE INC., Sophos Ltd., Trend Micro Inc., and VMware Inc. Additionally, AO Kaspersky Lab offers endpoint detection and response solutions such as Endpoint Security for Business Advanced to detects advanced threats, while server hardening enhances high-performance protection with additional application, web and device controls and to prevent the theft of corporate and financial information.
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Increasing adoption of cloud-based EDR solutions is notably driving the market. The adoption of cloud computing is growing across the world due to the flexibility and cost benefits associated with cloud services. In addition, cloud-based solutions help enterprises reduce CAPEX as they can subscribe to cloud services through flexible payment options such as pay-as-you-go or a fixed monthly fee.
Moreover, enterprises and EDR service providers have started adopting cloud-based EDR solutions owing to their numerous benefits. In addition, cloud-based EDR software does not need hosting capabilities among enterprises. Furthermore, this helps enterprises save costs related to buying, upgrading, and managing the hardware and software required. Hence, such factors are positively impacting the market. Therefore, it is expected to drive the market during the forecast period.
An increase in demand for EDR solutions from hosted services users is an emerging trend in the market. Due to the surge in the number of mobile workers and remote workforces, enterprises are facing a lot of data security threats. In addition, an increase in the number of data thefts and fraud incidents and the growing concerns about virtual private networks (VPN), email security, and web services are encouraging enterprises to adopt EDR services.
Moreover, the increasing use of cloud computing and the management of high volumes of data are commonly noticed among large enterprises as well as SMEs. Therefore, it is natural for enterprises to shift their attention to information security. Furthermore, in these solutions, the huge cost incurred by EDR service providers for implementing cloud infrastructure is spread out over multiple customers. Hence, such factors are driving the market growth during the forecast period.
Lack of skilled workforce and lower awareness about internal and external threats is a major challenge hindering the market. Several concerns about cybersecurity are rising due to the rise in the volume of digital information that consists of sensitive information such as health records, enterprise-related data, retail transactions, and financial transactions. In addition, the number of cyberattacks has increased in the past decade.
Moreover, the nature and complexity of cyberattacks and data theft are also changing. In addition, Anatova's architecture enables the future development of ransomware. Therefore, such changes or new cyber threats create a need for advanced solutions and a skilled workforce that can identify attacks in advance before they paralyze business operations. Hence, such factors are hindering the market growth during the forecast period.
The on-premises segment is estimated to witness significant growth during the forecast period. In the on-premises segment, the hardware and software are dedicated to enterprises and are managed by service providers on-premise or in private data centers. In addition, this model requires a robust IT infrastructure for deployment. Furthermore, the major advantage of the on-premise deployment model is that it offers enterprises complete control over the functioning of hardware and software.
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The on-premises segment was the largest segment and was valued at USD 0.56 billion in 2018. Moreover, in the cloud-based deployment model, data is stored on multiple servers, whereas in the on-premise model, the data is stored on dedicated servers, which offers great control and security over the information. In addition, in the on-premise deployment model, resources can be accessed only through dedicated client servers, unlike the cloud-based deployment model, wherein the resources are accessed by multiple users, which makes it more prone to security breaches. Hence, such factors are fuelling the growth of this segment which in turn drives the market during the forecast period.
The growing focus on cyber security by the enterprise segment will increase the market. The main factor driving the growth of this segment is the increasing need to mitigate risks associated with the rising number of cyberattacks and endpoints in enterprises. In addition, enterprise endpoints include servers and workstations such as laptops, desktops, and mobile devices. Moreover, these devices are connected through an enterprise network to share data and are key elements in any network from both a business and a security point of view. In addition, enterprises are implementing enterprise mobility strategies and bring-your-own-device (BYOD) policies, which are boosting the use of mobile devices such as smartphones, tablets, and laptops. Hence, such factors are fuelling the growth of this segment which in turn drives the market during the forecast period.
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North America is estimated to contribute 44% to the growth of the global market during the forecast period. Technavio's analysts have provided extensive insight into the market forecast, detailing the regional trends and drivers influencing the market's trajectory throughout the forecast period. The EDR market in North America will continue to grow at a steady rate, fuelled by the growing instances of cyberattacks and data theft in enterprises. In addition, to reduce such data thefts and protect customers' data, numerous organizations in this region have started adopting EDR solutions. Moreover, the region is also witnessing an increase in the momentum of digital transformation in numerous end-user industries, including BFSI, healthcare, IT, and retail. In addition, this digital transformation is boosting the adoption of advanced technologies and solutions. Furthermore, the region is also witnessing a rise in the adoption of IoT, which is augmenting the demand for integrated solutions such as Google Assistant, Alexa, and self-service kiosks among enterprises to improve customer services.
The market forecasting report includes the adoption lifecycle of the market research and growth, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth and trends strategies.
Global Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Avast Software sro: The company offers endpoint detection and response solutions such as Avast BreachGuard that monitor sensitive online information for potential data breaches and data leaks, even on the dark web.
Market analysis and report of qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market research report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.
The Endpoint Detection and Response Market plays a critical role in ensuring cybersecurity compliance across various industries, such as BFSI (Banking, Financial Services, and Insurance) and SMEs (Small and Medium Enterprises). In the era of BYOD (Bring Your Own Device) and remote working, EDR solutions address security challenges by monitoring network devices, implementing security policies, and offering real-time threat detection. Compliance with regulations like HIPAA, PCI DSS, and GDPR is crucial, making EDR a vital component for organizations aiming to safeguard sensitive data in retail, e-commerce, and other sectors. EDR solutions provide on-premise options, enhancing cybersecurity measures and ensuring regulatory requirements are met to combat malware and other cybersecurity threats.
Endpoint Detection And Response Market Scope |
|
Report Coverage |
Details |
Page number |
177 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 24.19% |
Market Growth 2024-2028 |
USD 4.57 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
23.44 |
Regional analysis |
North America, Europe, APAC, Middle East and Africa, and South America |
Performing market contribution |
North America at 44% |
Key countries |
US, China, Japan, UK, and Germany |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
AO Kaspersky Lab, Avast Software sro, BeyondTrust Corp., BlackBerry Ltd., Broadcom Inc., Check Point Software Technologies Ltd., Cisco Systems Inc., CrowdStrike Holdings Inc., Cybereason Inc, Dell Technologies Inc., ESET Spol Sro, Fortinet Inc., Lookout Inc., McAfee LLC, Palo Alto Networks Inc., SC BITDEFENDER SRL, SENTINELONE INC., Sophos Ltd., Trend Micro Inc., and VMware Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Deployment
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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