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The endpoint detection and response market share is expected to increase by USD 1.06 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 10.09%.
This market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentations by deployment (on-premises and cloud-based), end-user (enterprises and individual customers), and geography (North America, Europe, APAC, Middle East and Africa, and South America). The market report also offers information on several market vendors, including 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 Inc., ESET Spol Sro, FireEye Security Holdings US LLC, Fortinet Inc., HelpSystems LLC, Lookout Inc., McAfee Corp., Sophos Ltd., Trend Micro Inc., and VMware Inc. among others.
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The increasing adoption of cloud-based EDR solutions is notably driving the market growth, although factors such as the availability of open-source software and inclination toward pirated software may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the endpoint detection and response industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Market Driver
One of the key factors driving the market growth is the increasing adoption of cloud-based EDR solutions owing to the flexibility and cost benefits associated with cloud services. Cloud-based solutions offer EDR software without the need for hosting capabilities among enterprises. This helps enterprises to save costs related to buying, upgrading and managing the hardware and software required. Owing to this, vendors such as Sophos, MacAfee, Symantec, Carbon Black, and CrowdStrike have started offering these solutions. Furthermore, vendors are focusing on partnerships and M&A with other vendors or solution providers. For instance, in June 2019, Sentinel Labs Inc. (Sentinel Labs) received a $120 million investment in Series D funding that was led by Insight Partners with participation from Samsung Venture Investment Corp., NextEquity Partners, and other funding organizations. Thus, the adoption of cloud-based EDR is expected to increase owing to innovations in product offerings by EDR vendors and increasing investments by vendors to develop advanced products. The increasing adoption of cloud-based solutions is expected to boost the growth of the global market during the forecast period.
KeyMarket Trend
Another key factor driving the market growth is the growth in IoT devices. IoT refers to a system of interrelated devices or things embedded with electronics, software, sensors, and network connectivity. It involves machine-to-machine (M2M) communication that enables devices to exchange and act upon information by eliminating human-to-human or human-to-computer interaction. The data collected from these devices can be analyzed to optimize services, products, and operations. IoT acts as a bridge between the physical and the virtual world by linking objects and data to provide connectivity. Moreover, IoT devices are adopted by individual customers at home. There has been an increase in the adoption of Alexa, Google Home, and other IoT devices such as smart appliances and wearables by individual customers. For instance, in January 2019, Amazon.com Inc. announced that it had sold more than 100 million Alexa devices. Furthermore, the increasing adoption of the industrial Internet of things (IIoT) will lead to a rise in the use of smart sensors and actuators during the forecast period.
Key Market Challenge
Availability of open-source software and inclination toward pirated software is one of the key challenges hindering market growth. An EDR software can provide capabilities of firewalls, encryption, and intrusion detection. It can also offer benefits such as real-time data monitoring, prevention of cyber thefts, and keeping an organization's data safe; however, the high cost of implementation is a major restraining factor in its adoption. Moreover, software piracy directly affects the overall profitability of the software industry. For example, in 2018, unlicensed software accounted for 40% of all the software installed on PCs worldwide. In the global market, the software provided by vendors is comparatively more expensive than open-source software. Therefore, SMEs or individual customers opt for pirated software to reduce operational costs. As a result, publishers have fewer resources and revenue dedicated toward product development and conducting R&D, due to which it is expected that EDR software publishers, developers, and vendors are increasing the price of their software to protect their revenues. Thus, the adoption of pirated software can also hinder the growth of the global market during the forecast period.
This market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global endpoint detection and response market as a part of the global systems software market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the market encompasses successful business strategies deployed by the key vendors. The market is fragmented and the vendors are deploying growth strategies such as organic and inorganic strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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45% of the market’s growth will originate from North America during the forecast period. US is the key market for endpoint detection and response in North America. Market growth in this region will be slower than the growth of the market in APAC regions.
Owing to the increased adoption of EDR software by enterprises and the initiatives taken by vendors to offer enhanced products will facilitate the market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The outbreak of COVID-19 in the region, especially in the US, impacted various business sectors. As of June 08, 2021, the US had 34,227 million cases of COVID-19, with 612.7 million deaths. It led to the shutdown of several IT companies and industries, as the disease is spreading through community transfer and causing deaths. However, the demand for cloud-based EDR solutions is expected to rise as workplaces have become decentralized and enterprises are adopting technology, which have increased complexity. These operational activities are leveraging demand for cloud computing and thereby enhancing the demand for EDR solutions in the region during the forecast period.
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The market share growth by enterprises will be significant during the forecast period. Enterprise endpoints include servers and workstations such as laptops, desktops, and mobile devices. This segment is expected to grow during the forecast period owing to the rising focus of enterprises on threat detection, prevention, and incident response, in addition to the need for enhanced visibility across all environments, including remote sites and mobile workers.
This report provides an accurate prediction of the contribution of all the segments to the growth of the market size and actionable market insights on post COVID-19 impact on each segment.
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Endpoint Detection And Response Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 10.09% |
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Market growth 2022-2026 |
$ 1.06 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
9.07 |
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Regional analysis |
North America, Europe, APAC, Middle East and Africa, and South America |
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Performing market contribution |
North America at 45% |
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Key consumer countries |
US, China, Japan, UK, and Germany |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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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 Inc., ESET Spol Sro, FireEye Security Holdings US LLC, Fortinet Inc., HelpSystems LLC, Lookout Inc., McAfee Corp., Sophos Ltd., Trend Micro Inc., and VMware Inc. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis, future consumer dynamics, and Market condition analysis for the forecast period. |
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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 Five Forces Analysis
5 Market Segmentation by Deployment
6 Market Segmentation by End-user
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Vendor Landscape
11 Vendor Analysis
12 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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