GlobalEndpoint Detection and Response Market size was US$ XX Bn in 2019and is expected to reach US$ XX Bn by 2027, at a CAGR of 25% during theforecast period.
Global Endpoint Detection andResponse Market
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Global Endpoint Detection andResponse Market Definition
Endpoint detection and response(EDR) is an integrated set of endpoint security tools and cyber technology andis widely used to detect, control, monitor, respond and removeany designedmalware threats and mitigate any cyber threats activity on a network. It isalso known as the endpoint threat detection and response (ETDR) system.
Global Endpoint Detection andResponse Market Dynamics
A surge in the adoption ofendpoint detection and response technology to mitigate IT security risksmainlycontributes to the growth of the market. Increasing enterprise mobility trendsacross various organizations, rising incidence of enterprise endpoint targetedattacks, high adoption of hosted EDR solutions, growing requirement fornext-generation and highly developed security solutions, increasing securitybreaches and concerns regarding cybersecurity, increased demand of continuousmonitoring system for real-time security and growing shift towards EDR systemover traditional security systems are expected to improve the growth of themarket during the forecast period. EDR provides benefits like continuousmonitoring and analysis, instant threat detection, and enhanced security, whichis ultimately propelling the growth of the market.
However, the high cost ofinnovation, lack of awareness related to external and internal threats, and theemergence of alternative technology such as SIEM are major restraining factorsthat could hamper the growth of the market.
Global Endpoint Detection andResponse Market: Segmentation Analysis
By component, the service segmentdominated the market in 2019 and is projected to witness fast growth at CAGR ofXX% during the forecast period. Service is further segmented into professionaland managed services. Managed service is expected to hold the largest marketshare during the forecast period. Growing adoption of EDR services in globalorganizations is driving the growth of the market. Managed EDR servicesconsiderably improvevisibility of cyber-attacksby providing a skilled team ofthreat hunters, by targeting endpoint devices and by providing the most recentEDR technology and instant threat intelligence to discover threats.
By Industry, the BFSI segmentdominated the market in 2019 and is expected to maintain its dominance at CAGRof XX% during the forecast period.The growing adoption of EDR solutions andservices in financial industries to prevent a data breach in financial institutionsis driving the growth of the market.EDR system is necessary for financialinstitutions as banking attackers are the most sophisticated maliciousplayers.EDR solutions help financial institutions by detecting signature-lessattacks, file-less attacks, and low and slow attacks. Growing adoption of EDRsolutions by global financial regulatory bodies such as the Reserve Bank ofIndia (RBI) with a more stringent plan of action is propelling the growth ofthe market.
Global Endpoint Detection and ResponseMarket: Regional Analysis
Region-wise, North America heldthe largest, around XX% market share in 2019, and is expected to witness highgrowth at CAGR of XX% during the forecast period. The US and Canada are themajorcontributors to the growth of the market. The growth is attributed to thehigh adoption of EDR solutions in various end-use industries such as BFSI,retail, government, and public utilities, and more.
The massive presence of variousleading service providers is driving the growth of the market in theregion.Well established IT and telecom industry with the adoption of EDRsolutions to protect their networks from cyber-attacks is further propellingthe growth of the market.
The objective of the report is topresent a comprehensive analysis of the Global Endpoint Detection and ResponseMarket including all the stakeholders of the industry. The past and currentstatus of the industry with forecasted market size and trends are presented inthe report with the analysis of complicated data in simple language. The reportcovers all the aspects of the industry with a dedicated study of key playersthat includes market leaders, followers, and new entrants. PORTER, SVOR, PESTELanalysis with the potential impact of micro-economic factors of the market havebeen presented in the report.
External as well as internalfactors that are supposed to affect the business positively or negatively havebeen analyzed, which will give a clear futuristic view of the industry to thedecision-makers. The report also helps in understanding Global EndpointDetection and Response Market dynamics, structure by analyzing the marketsegments and projects the Global Endpoint Detection and Response Market. Clearrepresentation of competitive analysis of key players by Application, price,financial position, Product portfolio, growth strategies, and regional presencein the Global Endpoint Detection and Response Market make the report investor’sguide.
The Scope of Global EndpointDetection and Response Market: Inquire before buying
Global Endpoint Detection andResponse Market, By Component
• Solution
• Service
o Professional services
o Managed services
Global Endpoint Detection andResponse Market, By Enforcement Point
• Workstations
• Mobile devices
• Servers
• Point of sale terminals
• Others
Global Endpoint Detection andResponse Market, By Deployment Mode
• On-premises
• Managed
• Hybrid
Global Endpoint Detection andResponse Market, By Industry
• Banking, Financial Services, andInsurance (BFSI)
• IT and Telecom
• Government and Public Utilities
• Aerospace and Defense
• Manufacturing
• Healthcare
• Retail
• Others
Global Endpoint Detection andResponse Market, By Region
• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa
Global Endpoint Detection andResponse Market, Key Players
• McAfee, LLC
• Cisco Systems, Inc
• RSA Security LLC
• FireEye, Inc
• Guidance Software, Inc
• Carbon Black, Inc
• Digital Guardian
• Tripwire, Inc
• Symantec Corporation
• CrowdStrike, Inc
• CYBEREASON
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