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Global Endpoint Detection and Response Market is Estimated To Reach US$ 5,871.6 Mn by 2025 From US$ 785.5 Mn in 2017
Global Endpoint Detection and Response market is expected to grow from US$ 785.5 Mn in 2017 to US$ 5,871.6 Mn by 2025 at a CAGR of 28.8% between 2018 and 2025.Endpoint Detection and Response (EDR) are security solutions designed to help organizations to understand the chain of attack, to detect suspicious activity on endpoints, and facilitate administrator with a quick and appropriate response. Moreover, it detects incidents, confirms & prioritize risks, and prevents attacks in the systems. EDR delivers automation, data integration, and provides advanced support to organizations data storage systems. The EDR is systems that store endpoint system level behaviors & events, for instance, file, registry, process, memory, and network events.
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These solutions are highly adopted across the wide range of industry verticals such as BFSI, healthcare, retail, government, and IT & telecommunication amongst others. A surge in demand to reduce IT security risk, the capability to reduce the time to respond & detect hacking and malware incidents, and rising instances of enterprise endpoint targeted attacks are driving the global EDR market. The South America endpoint detection and response market region is expected to witness a CAGR growth rate of 29.0% in the coming years.
Some of the leading players in global Endpoint Detection and Response Market are Carbon Black Inc., Cisco Systems, Inc., CrowdStrike, Inc., Digital Guardian, FireEye, Inc., Open Text Corporation, Symantec Corporation, Tripwire, Inc., Tanium Inc., Cyberreason Inc., RSA Security LLC, CounterTack
Endpoint detection and response (EDR) is in demand owing to increase in requirement from enterprises for advanced threat protection. The key purpose of EDR system is to improve visibility into endpoint events and improve threat detection and response times. It anticipates threats and assesses risks, threat detection, and quick response in order to investigate incidents. Moreover, it detects incidents, confirms & prioritize risks, and prevents attacks in the systems. EDR is a cyber-security technology that responds to advanced threats and addresses the need for continuous monitoring. These solutions detect sophisticated hidden threats without the need of any externally fed IOCs. Currently, data risk management is necessary for any organization or business that stores valuable and sensitive information and data.
In today’s ever-shifting cyber threats, it is important to protect data to reduce the risk affecting business and financial values. Thus, implementation of EDR provides the organization with better visibility into finding & stopping malware, reduced risk of breach, and advanced threats. Therefore, surge in demand to diminish IT risk is fueling the growth of the market. Subsequently, driving the growth for endpoint detection and response market in the coming years.
The EDR market further expected to flourish in coming future owing to the development of customizable solutions and augmented acceptance for innovative EDR solutions in SMEs as well as large enterprises. However, several large industries are already working towards implementing security solutions to protect critical data and infrastructure from unauthorized access. Moreover, cyber-attacks have become more common and sophisticated in various geographical areas over the years. Owing to this the cyber-security spending in North America and Europe, particularly in Western Europe has increased exponentially. By 2025 the region’s economic growth and competitiveness are expected to spur as the penetration of smart systems in its major social and economic sectors including, energy, transportation, public service, and healthcare will approach stability in the market. Furthermore, the pertained development and operation of these smart infrastructure is expected to subsequently contribute to evolved growth and employment of cyber-security measures.
Reason To Buy:
- Highlights key business priorities in order to assist companies to realign their business strategies.
- Understand new and emerging developments in major region and impact of that on overall market.
- Identify key market drivers and restraints in market and to take align business in order to get maximum profit.
- The key findings and recommendations highlight crucial progressive industry trends in endpoint detection and response market, thereby allowing players across the value chain to develop effective long term strategies.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- Helps clients to overcome challenges expected to restrict growth prospects of this market during the forecast period
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