The global Endpoint Detection and Response (EDR) Market is estimated to be valued at US$ 3430.46 Mn in 2023 and is expected to exhibit a CAGR of 26% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Endpoint detection and response (EDR) solutions provide advanced threat detection capabilities and incident response on endpoint devices such as laptops, desktops, and servers. EDR solutions leverage techniques such as behavioral monitoring, heuristic analysis, and machine learning to analyze endpoint activities and identify unusual behaviors that might indicate a compromise. This provides security teams with critical context and insight to respond to threats in real-time.
Market Overview:
Endpoint detection and response solutions provide core capabilities such as continuous monitoring, automated investigation and correlation of endpoint events, and centralized visibility and control for security teams. With growing sophistication of cyber attacks, EDR solutions have become indispensable for enterprises to detect threats that evade other layers of defense and respond quickly.
Market key trends:
The increasing focus on integrating augmented intelligence and machine learning capabilities within EDR solutions has emerged as a key trend. Vendors are enhancing products with machine learning algorithms that can learn normal user and entity behaviors within an IT environment. This helps EDR solutions identify anomalous activities that potentially indicate compromise, reducing false positives and speeding up analysis. Next generation EDR solutions with augmented intelligence can autonomously block or contain threats while notifying security teams. This is driving increased demand from organizations seeking proactive threat detection and autonomous response abilities.
Segment Analysis
The global endpoint detection and response (EDR) market is segmented on the basis of component, deployment mode, organization size, vertical, and region. On the basis of component, the market is segmented into solutions and services. Services segment dominates the market as EDR providers offer a wide range of services such as professional services and managed services. These services help enterprises securely deploy EDR solutions without hampering the enterprise infrastructure.
Key Takeaways
The Global Endpoint Detection And Response (EDR) Market Demand is expected to witness high growth, exhibiting CAGR of 26% over the forecast period, due to increasing need to tackle sophisticated cyber threats and secure endpoints in an organization. Regionally, North America dominates the global EDR market owing to large presence of EDR vendors and major cyberattack incidents in the region. Europe and Asia Pacific are expected to witness fastest growth during the forecast period.
Key players operating in the endpoint detection and response (EDR) market are RSA Security (DELL EMC), Carbon Black Inc., McAfee Corporation, Cisco Systems Inc., OpenText Corporation, FireEye Inc., CrowdStrike Inc., Digital Guardian, Broadcom Inc., Deep Instinct, and Cybereason Inc. The market players are increasingly focusing on new product launches and expansion strategies to gain more market share. For instance, in November 2021, Carbon Black introduced new endpoint detection and response solutions CB Defense and CB Predictive Security to strengthen endpoint protection capabilities.
