Application of Endpoint Detection and Response (EDR) Solution in BFSI Industry Has Become Prominent

Detecting threats at endpoints is an essential component of information security. On account of endpoint detection and response (EDR) system’s ability to detect, understand and stop threats before sensitive information is compromised, increasing number of organizations are deploying the technology to safeguard themselves from such threats. The endpoint security foundation is generally straightforward, and therefore has become relatively easy for system administrators to manage. EDR technologies are capable of keeping a track of everything, ranging from malicious applications to normal applications gone rogue, using behavioural analytics, threat intelligence and heuristics. It is the security assurance against advanced types of potential malware threats to the high-valued (monetizable) information of the organizations, that has driven the EDR systems market growth and a similar growth pattern is expected during the forecast period.

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North America is expected to hold the largest market in the global EDR systems market owing to its vast information technology infrastructure and the continuously undergoing technological evolution in the region. Asia-Pacific market for EDR systems is expected to register high growth during the forecast period on the back of widespread adoption of information systems in organizations. Moreover, establishment of several small and medium scale enterprises in Asia-Pacific is further indicative of the growth potential of EDR systems market in the region.

Enterprise networks have been witnessing changes in their workflow processes. Various factors such as employee’s location, variable data storage locations, and the specific locations from where the data can be accessed have made the process of detecting potential threats at endpoints a critical component of information security. It has been observed that the organizations employing EDR systems are more concerned about the features, instead of the prices of EDR products. The banking, financial services and insurance (BFSI) industry has been witnessing a major transition towards adoption of digital solutions. Thus, the application of EDR solution in BFSI industry has therefore become prominent.

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The requirement to deploy EDR solutions in information technology systems is based on the fact that customized targeted malware attack and advanced persistent threat toolkits have been intentionally bypassing traditional signature-based antivirus solutions. The intent of organizations to address new types of malware threats has consequently driven the growth of EDR systems market. Also, organizations have started integrating their endpoint data with network security analytics, which gives them a more consolidated and comprehensive view of security activities across their information system networks and their host systems. These advantages offered by EDR solutions further push the organisations to deploy these systems in their information infrastructure to ensure that better security measures have been put in place for securing highly sensitive data.

Some of the key players operating in the EDR systems market include McAfee, Cisco Systems, Inc., RSA Securit, FireEye, Inc., Guidance Software, Inc., Carbon Black Inc., Digital Guardian, Tripwire, Inc., Symantec Corporation, and CrowdStrike, Inc.

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