Endpoint Detection and Response Market Estimated to Reach $3.5 Billion by 2026
Ever-increasing Threat of Data Exfiltration, Rising Regulatory Requirements Affecting Companies of All Sizes, and Rising Adoption of Cloud Based Networking Are Driving Growth of the Market.
Hyderabad, India – July 15, 2021 /MarketersMedia/ —
The Global Endpoint Detection and Response Market is estimated to reach $3.5 billion by 2026, growing at a CAGR of 23.1% from 2021 to 2026. Endpoint detection and response, also known as endpoint threat detection and response (ETDR), is an application that provides endpoint protection platform to offer advanced threat protection for instance against fileless malwares. It is a solution that basically provides protection against stealing user data and hacking attempts. The ETDR provides incident data search and investigation, suspicious activity detection, threat hunting, and data exploration, and others owing to which ETDR are widely adopted and used. The ever-increasing threat of data exfiltration, rising regulatory requirements affecting companies of all sizes, and rising adoption of cloud based networking are driving the growth of the market. The rising deployment of endpoint protection platform, advanced threat protection, advanced persistent threat combat and security operations center will drive the market growth.
Endpoint Detection and Response Market Segment Analysis – By Deployment
By Deployment Endpoint Detection and Response Market is segmented as Cloud, On-premises, and Hybrid. Cloud based endpoint detection and response is witnessing significant growth in the market at 26.9% CAGR through 2026. Through the cloud based ETDR solutions, customers are protected from advanced malware, targeted attacks, and others by leveraging global intelligence network. Businesses generally become safer and secure through cloud as it provides improved infrastructure security.
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Endpoint Detection and Response Market Segment Analysis – By Organization Size
By Organization Size the market is segmented into Small & Medium Enterprises and Large Enterprises. Large organizations are dominating the market at 60.5% share in 2020 owing the risk of high cyber security vulnerabilities, cyber security threats, cyber security exploits. The large enterprises are using these security and vulnerability management products owing to the deployment of blockchain technology. The growth of CDN networks in large enterprises for meeting their business needs is leading to the risk of hacking, cyber-attacks, malware and other threats.
Endpoint Detection and Response Market Segment Analysis – By Geography
Global Endpoint Detection and Response Market is dominated by APAC region with a market share 36.7% in 2020. The surge in cloud based networking, mobile devices and presence of major key players in which there is requirement of Endpoint detection and response tools are driving the growth of the market. Requirement for cloud managed LAN networks are contributing to further growth of the market in North America region. Furthermore, dynamic business requirements along with growing enterprises are aiding the use of cloud based LAN networks in this region. The rise of industrial sectors in which the ETDR is finding its applications for providing protection against advanced threats are accounting for the growth of the market. These factors are boosting the growth of the market in this region.
Endpoint Detection and Response Market Drivers
Rise in the mitigation of IT security risk
The EDR tools are adopted in the enterprises as it provides information such as network events, endpoint configuration changes, file access information. In addition, it provides very crucial information regarding forensics considering process actions owing to which it helps in mitigation of IT security risks. The upsurge in cyber threats and cyber-crime has increased the need for mitigation of risks in the end use industries. The rise in cyber threats such as hacktivists, disgruntled insiders, malware and others have also increased the adoption of EDR tools.
Rise in cloud-based mobile apps
The growth of IT and telecommunication industries have led to the growth of cloud computing along with growth of ETDR connected to cloud. The upsurge in cloud based mobile apps have led to data availability so that it can be accessed from any location which makes it easy for the employees. According to the International Trade Administration In 2018, 50% of enterprises, with more than 1000 users, are using products provided by Cloud Access Security Broker (CASB) to monitor and manage their use of software as service in United States. The use of cloud computing has increased the risk of vulnerability threats over the cloud networks.
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Endpoint Detection and Response Market Challenges
EDR tools need coverage across all workstations and servers
Although the EDR tools are very useful for the enterprises as they mitigate the IT cyber threat risks for instance APTs, trojen, hackers, malware and others; the EDR tools need to be comprehensive, they need to be installed across all workstations and servers. The installation of EDR tools across all the workstations and servers may lead to cost related challenges. These factors are hindering the growth of the market.
Endpoint Detection and Response Market Landscape
Endpoint Detection and Response Market is dominated by major companies such as FireEye Inc., Carbon Black Inc., Cysco System Inc., CrowdStrike Inc., Broadcom Inc., Cyberreason Inc., Deep Instinct Inc., OpenText Corporation, McAfee Inc., EMC Corporation, among others.
Acquisitions/Technology Launches
In May 2020- Malwarebytes launched Endpoint detection and response solution. This solution is used to protect the servers from endpoint attacks in the enterprises.
In February 2020- Blackberry launched CylanceOptics v2.4. This solution provides easy integration to the endpoint protection platform to enterprises.
Key Takeaways
Rise in enterprises’ endpoint threats and cloud based mobile apps are driving the growth of the market.
Cloud based endpoint detection and response solutions are dominating the market owing to the rise in cloud networking and cloud based mobile apps integration globally.
APAC is witnessing significant growth in the market due to the growth of industrial sector along with the growth of internet cellular networks and development of LTE networks which are giving rise to the growth of cloud based mobile apps.
Related Reports :
A. Cloud Endpoint Protection Market
https://www.industryarc.com/Research/Cloud-Endpoint-Protection-Market-Research-505510
B. Unified Endpoint Management Market
https://www.industryarc.com/Report/15262/unified-endpoint-management-market.html
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