Endpoint Detection and Response Market (Component - Service, and Software; Deployment - On-premise, and Cloud; Endpoint Type - Mobile Devices, Point of Sale Terminals, Servers, Workstations, and Others; End User - BFSI, IT and Telecommunications, Healthcare, Retail, Manufacturing, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2027

A recent report published by Infinium Global Research on the endpoint detection and response market provides in-depth analysis of segments and sub-segments in the global as well as regional endpoint detection and response market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional endpoint detection and response market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global endpoint detection and response market. According to the report, the global endpoint detection and response market is projected to grow at a CAGR of approximately 25% over the forecast period of 2021-2027.

Market Insight

The revenue generated by the market was approximately USD 1338 million in 2021 and is expected to reach approximately USD 5044 million in 2027 with a CAGR of approximately 25% over the forecast period of 2021-2027. A security operations solution for endpoint detection and response (EDR) detects threats throughout the environment. It looks into the threat's entire lifecycle, giving insights into what happened, how it got there, where it has previously been, what it's doing right now, and others. To detect suspicious activity, EDR security solutions analyze events from desktop PCs, laptops, servers, IoT and cloud workloads, and mobile devices. They generate alerts to assist security operations analysts in discovering, investigating, and resolving issues. Endpoint detection and response (EDR) first appeared in 2013 to aid forensic investigations that required extremely detailed endpoint details. Telemetry data on suspicious activity is also collected by EDR tools and may supplement that data with additional contextual information from correlated events. EDR, through these functions, aids in reducing incident response team response times and, ideally, eliminating threats before they occur.

Today's organizations are subjected to a never-ending barrage of cyber-attacks. These attacks include opportunistic and simple attacks. As an example, a threat actor may send an email attachment containing known ransomware hoping that the endpoint is vulnerable to sophisticated, targeted attacks. Sensitive data is encrypted and kept away from the organization by Ransomware until a monetary ransom is paid. The ransomware and malware attacks are increasing on day by day basis putting the data of businesses at high risk. According to the IBM 2021 Cost of a Data Breach Report, the average cost of a single ransomware attack was USD 4.24 million. Thus, the demand for endpoint detection and response solutions has increased from the businesses to protect themselves from these cybersecurity threats. The connected devices are growing rapidly around the world which in the absence of proper endpoint detection and response system become vulnerable to cyberattacks. The growth of the market may be restrained as the knowledge and awareness regarding cyberattacks are limited among individual consumers. Nevertheless, new growth opportunities are in foresight as new technologies such as AI, ML, and data analytics are emerging in the market.

According to the US Treasury Department, the value of reported ransomware transactions in 2021 will be USD 102.3 million per month. The threat of cyber attacks such as ransomware, malware, Trojan horse, data breaches, and others has multiplied in North America. With widespread awareness and knowledge of cyber attacks, the demand for endpoint detection and response solutions in North America has increased. The financial services industry has been a prime target for cybercriminals. As a result, banks, non-banking financial institutions, insurance companies, and others are more likely to use endpoint threat and response solutions. Furthermore, North American tech behemoths have reportedly been targeted online in order to steal critical intellectual property and data. The number of market players offering endpoint detection and response solutions and services operating in the region has grown in recent years.

Segment Covered

The report on the global endpoint detection and response market covers segments such as component, deployment, endpoint type, and end user. On the basis of components, the sub-markets include service and software. On the basis of deployment, the sub-markets include on-premise and cloud. On the basis of endpoint type, the sub-markets include mobile devices, point of sale terminals, servers, workstations, and others. On the basis of end user, the sub-markets include BFSI, IT and telecommunications, healthcare, retail, manufacturing, and others.

Companies Profiled:

The report provides profiles of the companies in the market such as Cisco Systems, Inc., VMware, Inc., Symantec Corporation, McAfee, LLC, CrowdStrike, Inc., Tripwire, Inc., Palo Alto Networks, Inc., Qualys, Inc., FireEye, Inc., and Cybereason Inc.

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of endpoint detection and response market. Moreover, the study highlights current market trends and provides forecast from 2021-2027. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.