DUBLIN--(BUSINESS WIRE)--The "Endpoint Detection And Response Market, By Component, By Enforcement Point, By Organization Size, By Deployment Mode, By Industry Vertical, and By Region Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.
The global Endpoint Detection and Response market is forecast to reach USD 14.90 Billion by 2030, according to a new report.
Companies Mentioned
- Cisco Systems Inc.
- Crowdstrike Inc.
- RSA Security LLC
- Carbon Black Inc.
- Guidance Software Inc.
- Tripwire Inc.
- Symantec Corporation
- McAfee Corp.
- Digital Guardian
- Bitdefender
- Trend Micro Inc.
- Sophos Group Plc.
Endpoint detection and response (EDR) is an approach to security that gives organizations visibility into and control over activity on endpoints.
This helps protect against sophisticated attacks, as well as insider threats, by providing real-time visibility into endpoint activity, identifying suspicious behavior, and allowing for quick and effective response.
The rising number of cyber-attacks and the need for better security measures are the major factors driving the growth of the endpoint detection and response market. The increasing adoption of Bring Your Own Device (BYOD) and the Internet of Things (IoT), as well as the rising number of remote workers, are also fueling market growth. However, the high cost of EDR solutions and the lack of skilled personnel are restraining market growth to some extent.
The primary focus of the EDR market is on providing better visibility and control over endpoint activity. This helps organizations to quickly identify and respond to suspicious behavior, as well as protecting against sophisticated attacks. The market is also focusing on providing solutions that are easy to deploy and manage, as well as being scalable to meet the needs of organizations of all sizes.
There are growing number of cases of enterprise endpoint attacks globally. As per the findings of IBM X-Force, in 2017, there was a 63 percent increase in new enterprise endpoint attacks, as compared to 2016. Also, the WannaCry ransomware attack in May 2017 hit more than 230,000 victims in 150 countries, with damages totaling USD 4 billion. Such attacks are expected to drive the demand for EDR solutions in the coming years.
Further key findings from the report suggest
- By component, the market has been segmented into software and services. The software segment is expected to grow at the highest CAGR during the forecast period, as it helps organizations to quickly identify and respond to suspicious activity on endpoint devices.
- By deployment mode, the market has been segmented into cloud and on-premises. The cloud segment is expected to grow at the highest CAGR during the forecast period, due to the rising adoption of cloud-based EDR solutions. These solutions offer several benefits, such as reduced costs, simplified management, and increased scalability.
- By organization size, the market has been segmented into small and medium-sized enterprises (SMEs) and large enterprises. The SME segment is expected to grow at the highest CAGR during the forecast period, due to the rising adoption of EDR solutions by SMEs to protect their endpoint devices from sophisticated attacks.
- By industry vertical, the market has been segmented into healthcare, BFSI, IT and telecom, government and defense, energy and utilities, retail and eCommerce, manufacturing, and others. The healthcare segment is expected to grow at the highest CAGR during the forecast period, due to the increasing need for better security measures to protect patient data from cyber-attacks.
- North America is expected to hold the largest market share during the forecast period, due to the presence of a large number of EDR vendors in the region, as well as the increasing adoption of EDR solutions by organizations in the region. The US is the major contributor to market growth in North America, due to the increasing number of cyber-attacks and data breaches in the country.
- Europe is expected to be the second-largest market for EDR solutions, due to the growing concern over data security and privacy, as well as the increasing number of regulations in the region. The UK, Germany, and France are the major contributors to market growth in Europe.
Market Segmentation:
Component Outlook (Revenue, USD Billion; 2019-2030)
- Software
- Services
Enforcement Point Outlook (Revenue, USD Billion; 2019-2030)
- Mobile Devices
- Servers
- Workstations
- Point of Sale Terminals
- Others
Organization Size Outlook (Revenue, USD Billion; 2019-2030)
- Small and Medium Enterprises (SMEs)
- Large Enterprises
Deployment Mode Outlook (Revenue, USD Billion; 2019-2030)
- On-Premises
- Hosted/Managed
- Hybrid
Industry Verticals Outlook (Revenue, USD Billion; 2019-2030)
- Banking, Financial Services, and Insurance (BFSI)
- Government
- Healthcare and Life Sciences
- Retail and E-Commerce
- Travel and Hospitality
- Manufacturing
- IT and Telecommunication
- Others
Regional Outlook (Revenue, USD Billion; 2019-2030)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Sweden
- BENELUX
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Israel
- Rest of MEA
For more information about this report visit https://www.researchandmarkets.com/r/xcrbpg
