Global Endpoint Detection and Response Market to Reach US$ 14.7 Billion by 2032, Propelled by Rising Number of Cybersecurity Attacks

According to the latest report by IMARC Group, titled “­­Endpoint Detection and Response Market Report by Component (Solutions, Services), Solution Type (Workstations, Mobile Devices, Servers, Point of Sale Terminals), Deployment Mode (On-premises, Cloud-based), Organization Size (Large Enterprises, Small and Medium-sized Enterprises), End Use Industry (BFSI, IT and Telecom, Manufacturing, Healthcare, Retail, and Others), and Region 2024-2032,” the global endpoint detection and response market size reached US$ 3.1 Billion in 2023. Endpoint detection and response (EDR) is a type of cybersecurity solution that detects and responds to cyber threats at endpoints such as workstations, servers, laptops, and mobile devices. It offers real-time monitoring of endpoints and collects and analyzes data generated from various activities, including network traffic, system logs, and file changes, to detect potential threats and suspicious activity. EDR employs automated response capabilities, such as blocking the activity, quarantining the endpoint, or alerting security personnel, to counter these threats. Apart from this, EDR provides network access control, threat protection, data loss prevention, and data classification. As a result, it is widely used across healthcare, information technology (IT), and banking, financial services, and insurance (BFSI) sectors.

Global Endpoint Detection and Response Market Trends:

The growing number of cyber threats and security breaches across various industries is primarily driving the global endpoint detection and response market growth. Besides this, the escalating consumer concerns regarding secure and efficient data management practices and the rising demand for faster incident response times are creating a positive outlook for the market. Additionally, the increasing number of regulatory compliance requirements to protect consumer data, systems, and networks from unauthorized access or malicious activities, combined with the implementation of numerous government initiatives providing advanced cybersecurity solutions, are acting as other significant growth-inducing factors. Moreover, the proliferation of laptops, desktops, mobile, and the internet of things (IoT)-enabled devices, along with the expanding adoption of bring your own device (BYOD) and industrial automation, is contributing to the market growth. Concurrent with this, the rapid digitalization across the healthcare sector and the widespread adoption of EDR to ensure the secure management of sensitive patient information are aiding in market expansion. Furthermore, innovative technological advancements, such as the integration of advanced behavioral and data analytics, artificial intelligence (AI), and machine learning (ML) with EDR solutions, are presenting remunerative growth opportunities for the market. Looking forward, the market value is projected to reach US$ 14.7 Billion by 2032, expanding at a CAGR of 18.5% during 2024-2032.

Market Summary:

• On the basis of the component, the market has been bifurcated into solutions and services.
• Based on the solution type, the market is categorized into workstations, mobile devices, servers, and point-of-sale terminals.
• On the basis of the deployment mode, the market has been divided into on-premises and cloud-based.
• Based on the organization size, the market is classified into large enterprises, and small and medium-sized enterprises
• On the basis of the end use industry, the market is segregated into BFSI, IT and telecom, manufacturing, healthcare, retail, and others.
• Region-wise, the market has been segmented into 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 Middle East and Africa.
• The competitive landscape of the market has also been examined, with some of the key players being 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.

Report Coverage:

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