Endpoint Detection and Response Market

Global Endpoint Detection and Response Market:

The global endpoint detection and response market size reached US$ 3.1 Billion in 2023. Looking forward, the market is expected to reach US$ 14.7 Billion by 2032, exhibiting a growth rate (CAGR) of 18.5% during 2024-2032. The growing sophistication of cyber threats including advanced malware, ransomware, and zero-day attacks, rising adoption of work-from-home (WFH) models, and increasing integration of endpoint protection platforms (EPPs) are some of the major factors propelling the market.

Global Endpoint Detection and Response Market Analysis:

• Major Market Drivers: The increasing demand for endpoint detection and response (EDR), as it facilitates incident data search and investigation and offers advanced support for data storage systems, is primarily driving the growth of the market. Additionally, the rising adoption of EDR in threat hunting, data exploration, and the detection of suspicious activities are contributing to the growth of the market.
• Key Market Trends: The growing adoption of artificial intelligence (AI) and machine learning (ML) to enhance threat detection capabilities, analyze large volumes of endpoint data, and detect anomalous behavior patterns is offering a favorable market outlook.
• Competitive Landscape: Some of the leading companies operating in the global market include Broadcom Inc., Cisco Systems Inc., CrowdStrike Inc., Cybereason, Fortra LLC, Microsoft Corporation, OpenText Corporation, Palo Alto Networks Inc., RSA Security LLC, SentinelOne, Sophos Ltd., and Trend Micro Incorporated, among others.
• Geographical Trends: According to the report, North America accounted for the largest market share. North America held the biggest market share due to the rising digitization of business operations to improve efficiency, boost productivity, and reduce the occurrence of manual errors.
• Challenges and Opportunities: Challenges in the Endpoint Detection and Response (EDR) market include the sophistication of cyber threats requiring continuous innovation in detection capabilities and the complexity of integrating EDR solutions with existing cybersecurity infrastructure. Opportunities lie in the rising adoption of cloud-based EDR solutions, advancements in AI and machine learning for threat detection, and the increasing demand for comprehensive endpoint security solutions amid growing cyber threats globally.
   

Global Endpoint Detection and Response Market Trends:

Increasing Cases of Cyberthreats

The continuously increasing & sophisticated nature of endpoint attacks and breaches, and the escalating demand for high-security solutions to combat endpoint attacks are primarily driving the growth of the market. According to a report published by Forbes, in 2023 alone, more than 353 million people were impacted by data breaches. Moreover, 2023 saw a 72% increase in data breaches since 2021, which held the previous record. In the same year, 94% of organizations reported email security incidents. In response to this, the government authorities of various nations are taking initiatives and imposing regulations regarding cyber security to reduce the incidence of data breaches, which is anticipated to propel the endpoint detection and response market share. Additionally, with the implementation of regulations such as the General Data Protection Regulation (GDPR) and California’s Consumer Privacy Act (CCPA), organizations are required to have robust data management practices in place. For instance, in 2023, violations of GDPR costed companies, including Meta, TikTok, and X (formerly Twitter), over US$ 3 Billion. As a result, numerous companies are increasingly integrating EDR solutions into their operations to establish data governance frameworks, implement data privacy controls, and ensure compliance with regulatory requirements.

Rising Vulnerability of Data Breaches Among SMEs

Cyber-attacks that are taking place on small and medium enterprises (SMEs) are increasingly becoming more sophisticated, implying that the traditional endpoint protection mechanisms cannot easily prevent them. Small and medium enterprises play a crucial role in global GDP growth. For instance, according to the European Commission, approximately 24.4 million small and medium-sized enterprises (SMEs) were estimated to be in the European Union in 2023. As a result, timely incident detection is essential to minimize potential negative impacts, which is catalyzing the adoption of cloud-based endpoint detection and response solutions. In addition to this, ongoing innovations in EDR solutions to meet the increasing demand for small and medium enterprises are anticipated to bolster market growth further. For instance, in February 2024, ESET, a player in cybersecurity, announced the launch of ESET MDR, an innovative solution to address the growing cybersecurity challenges faced by small and medium-sized businesses. This new service enables small and medium-sized businesses to promptly respond to incidents, improve security, minimize false alarms, and bolster their capabilities in threat detection, investigation, and response. Such innovations and expansion in the SME sector are expected to propel the endpoint detection and response market size in the coming years.

Growing Adoption of Work-from-Home (WFH) Models

A significant rise in the adoption of work-from-home (WFH) models as they help employees maintain a proper work-life balance is further offering lucrative growth opportunities to the market. These working models can potentially increase the chances of cyberattack surface and propel the need for robust endpoint security solutions to protect dispersed networks and devices. As per the survey conducted by Owl Labs, globally, 16% of the total employees are working remotely, whereas 62% have opted for working hybrid. Only 22% of all the employees work full-time in the office. Similarly, according to a data report, as of August 2023, 12.2% of US workers are fully remote. More than 4.7 million US workers are remote at least half of the time. 65% of workers want to be remote all the time, while 32% prefer a hybrid work schedule. Additionally, numerous companies are also willing to work on hybrid or remote bases as companies can save on expenses associated with office space, utilities, and other overhead costs when employees work from home. The rising trend of work-from-home is amplifying the demand for EDR solutions capable of detecting and responding to threats across various endpoints regardless of location, enhancing overall cybersecurity resilience in remote work environments.

Global Endpoint Detection and Response Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global endpoint detection and response market report, along with forecasts at the global, regional, and country levels from 2024-2032. Our report has categorized the market based on component, solution type, deployment mode, organization size, and end use industry.

Breakup by Component:

• Solutions
• Services
   

Solutions dominate the market

The endpoint detection and response market report has provided a detailed breakup and analysis of the market based on the component. This includes solutions and services. According to the report, solutions represented the largest segment.

EDR solutions are advanced security tools designed to help organizations identify, investigate, and respond to suspicious activities on the endpoints in their networks. They operate by continuously monitoring and collecting data from endpoints. This data may include system behaviors, changes to system files, and communications traffic. EDR solutions can provide detailed, contextual information about the threat, such as the endpoints or users involved, the processes initiated by the threat, and the network connections made. They can also provide detailed, contextual information about the threat, such as the endpoints or users involved, the processes initiated by the threat, and the network connections made.

Breakup by Solution Type:

• Workstations
• Mobile Devices
• Servers
• Point of Sale Terminals
   

Workstations hold the largest share of the market

A detailed breakup and analysis of the market based on the solution type have also been provided in the report. This includes workstations, mobile devices, servers, and point of sale terminals. According to the report, workstations accounted for the largest market share.

Endpoint detection and response (EDR) solutions play a crucial role in securing workstations, which are an essential component of the network of an organization. Workstations, including desktops and laptops, are often the primary tools used by employees to access and manage sensitive data, making them a prime target for cybercriminals. EDR solutions work by constantly monitoring these endpoints, collecting behavioral data to detect anomalies that could indicate a cyber threat. Through machine learning (ML) and advanced analytics, EDR systems can identify both known and unknown threats, including advanced persistent threats (APTs) that traditional antivirus solutions might miss. They respond quickly to neutralize threats by isolating the affected workstation, terminating malicious processes, or restoring the system to a safe state.

Breakup by Deployment Mode:

• On-premises
• Cloud-based
   

On-premises hold the biggest share of the market

A detailed breakup and analysis of the market based on the deployment mode have also been provided in the report. This includes on-premises and cloud-based. According to the report, on-premises accounted for the largest market share.

On-premises endpoint detection and response (EDR) solutions are systems that are installed and run on devices within the physical location of an organization, including servers, desktops, and laptops. These systems operate by continuously collecting and analyzing data from endpoints within the network to detect potential threats and respond accordingly. They offer a granular level of control over data and security operations, which is particularly beneficial for organizations with specific regulatory compliance requirements or those dealing with highly sensitive data. They help organizations to maintain direct control over their data and avoid the need to transmit sensitive information to third-party cloud servers.

Breakup by Organization Size:

• Large Enterprises
• Small and Medium-sized Enterprises
   

Large enterprises hold the maximum share in the market

A detailed breakup and analysis of the market based on the organization size have also been provided in the report. This includes large enterprises and small and medium-sized enterprises. According to the report, large enterprises accounted for the largest market share.

Large enterprises require endpoint detection and response (EDR) solutions for managing and securing various endpoints. EDR solutions offer centralized visibility and control over diverse endpoints, enabling security teams to monitor, detect, and respond to threats effectively. They provide advanced threat detection capabilities, leveraging techniques, such as behavior analysis, machine learning (ML), and threat intelligence. These capabilities enable the identification of unknown and emerging threats, reducing the risk of successful breaches. They also assist in meeting compliance requirements by providing continuous monitoring, incident response capabilities, and detailed reporting. Furthermore, they ensure that organizations can demonstrate adherence to security standards and maintain regulatory compliance.

Breakup by End Use Industry:

• BFSI
• IT and Telecom
• Manufacturing
• Healthcare
• Retail
• Others
   

BFSI holds the largest share in the market

A detailed breakup and analysis of the market based on the end use industry have also been provided in the report. This includes BFSI, IT and telecom, manufacturing, healthcare, retail, and others. According to the report, BFSI accounted for the largest market share.

The banking, financial services, and insurance (BFSI) sector is a lucrative target for hackers due to the high value of financial assets, sensitive customer data, and the potential for significant financial gain. In response to the increasing cyber threat landscape, BFSI organizations are increasingly relying on endpoint detection and response (EDR) solutions for handling a vast amount of sensitive customer information, including financial records, personal identification details, and transaction data. For instance, according to a survey conducted by Fortinet, in India, 82% of respondents have experienced at least a 2X increase in security incidents, and 72% reported more than triple the number of breaches. The top security incidents include phishing, denial of service, data/identity theft, ransomware, and data loss. Alarmingly, only 49% of organizations in Asia have dedicated security personnel, leaving them more vulnerable to security incidents and breaches. As a result, the need for security and data privacy solutions, like EDR tools, is increasingly rising. Furthermore, EDR solutions play a crucial role in preventing financial fraud, unauthorized transactions, and account takeovers.

Breakup by Region:

• North America
  • United States
  • Canada
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

North America exhibits a clear dominance, accounting for the largest endpoint detection and response market share

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America accounted for the largest market share. 

As per the endpoint detection and response market overview by IMARC, North America held the biggest market share due to the rising digitization of business operations to improve efficiency, boost productivity, and reduce the occurrence of manual errors. Furthermore, the escalating cases of cyber-attacks in the region are also bolstering the market growth. For instance, according to a data report, there are nearly 97 cybercrime victims per hour. In addition to this, two internet users have had their data leaked every second in 2022. In response to this, the government authorities of various countries in North America are significantly investing in cyber-attack protection technologies. For instance, in the fiscal year 2023, the Government of the United States proposed a US$ 10.89 Billion budget for cyber security, representing an increase from the previous fiscal year. Another contributing aspect is the growing focus on integrating robust cybersecurity solutions in the BFSI sector. In addition, the increasing implementation of stringent policies to protect data from hackers is contributing to the growth of the market.

Competitive Landscape:

Key market players in the endpoint detection and response (EDR) market are investing in research and development (R&D) operations to develop innovative and advanced EDR solutions. They are also focusing on enhancing threat detection capabilities, improving response times, and leveraging emerging technologies, such as AI and ML. Top companies are strategic partnerships with other cybersecurity companies, technology providers, or industry associations to expand their customer reach, enhance product offerings, and integrate complementary technologies. They are also expanding their presence globally to tap into emerging markets and cater to the growing demand for EDR solutions. Leading players are working to improve the user experience by making their solutions more user-friendly, intuitive, and easy to deploy. 

The report has provided a comprehensive analysis of the competitive landscape in the market. Detailed profiles of all major companies have also been provided. Some of the key players in the market include: 

• Broadcom Inc. 
• Cisco Systems Inc.
• CrowdStrike Inc.
• Cybereason
• Fortra LLC
• Microsoft Corporation
• OpenText Corporation
• Palo Alto Networks Inc
• RSA Security LLC
• SentinelOne
• Sophos Ltd.
• Trend Micro Incorporated
   

(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)

Global Endpoint Detection and Response Market News

• July 2024: Acronis, a global leader in cybersecurity and data protection introduced Acronis XDR, the newest addition to the company’s security solution portfolio. Easy to deploy, manage, and maintain, Acronis XDR expands on the current endpoint detection and response (EDR), offering complete, natively integrated, highly efficient cybersecurity with data protection, endpoint management, and automated recovery specifically built for managed service providers (MSPs).
• April 2024: Miggo, an application detection and response (ADR) platform, introduced a new ADR system to address the rising challenge of application attacks. Miggo’s new ADR system works by establishing baseline behaviors for application components and monitoring for deviations. This approach allows for the detection of anomalies that could indicate potential security breaches.

Global Endpoint Detection and Response Market Report Scope:

Key Questions Answered in This Report:

• How has the global endpoint detection and response market performed so far, and how will it perform in the coming years?
• What are the drivers, restraints, and opportunities in the global endpoint detection and response market?
• What is the impact of each driver, restraint, and opportunity on the global endpoint detection and response market?
• What are the key regional markets?
• Which countries represent the most attractive endpoint detection and response market?
• What is the breakup of the market based on the component?
• Which is the most attractive component in the endpoint detection and response market?
• What is the breakup of the market based on the solution type?
• Which is the most attractive solution type in the endpoint detection and response market?
• What is the breakup of the market based on the deployment mode?
• Which is the most attractive deployment mode in the endpoint detection and response market?
• What is the breakup of the market based on the organization size?
• Which is the most attractive organization size in the endpoint detection and response market?
• What is the breakup of the market based on the end use industry?
• Which is the most attractive end use industry in the endpoint detection and response market?
• What is the competitive structure of the global endpoint detection and response market?
• Who are the key players/companies in the global endpoint detection and response market?

Key Benefits for Stakeholders:

• IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the endpoint detection and response market from 2018-2032.
• The research study provides the latest information on the market drivers, challenges, and opportunities in the global endpoint detection and response market.
• The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
• Porter's five forces analysis assists stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the endpoint detection and response industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.