Endpoint Detection and Response Market Report 2022 Top Companies Overview, Size, Share, Growth, Trends & Forecast to 2027

The latest research study "Endpoint Detection and Response Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" by IMARC Group, finds that the global endpoint detection and response market size reached US$ 2.12 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 7.44 Billion by 2027, exhibiting a CAGR of 21.70% during 2022-2027.

Industry Definition and Application:

Endpoint Detection and Response (EDR) refers to an integrated endpoint security solution that offers protection against hacking attempts and user data theft. It comes with numerous features, such as data loss prevention, data classification, network access control, threat protection, etc. EDR is extensively used to collect, monitor, and analyze data activity from endpoints that indicate a threat. It helps organizations in data exploration, suspicious activity detection, ensuring a faster response time to the chain of attack, and protecting the system against advanced forms of credential theft and malware. As a result, EDR finds extensive application across various sectors, including Information Technology (IT), healthcare, Banking, Financial Services, and Insurance (BFSI), etc.

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What are the major drivers for the endpoint detection and response market?

The escalating requirement for improved incident response timing, on account of the rising instances of security breaches and cyber threats, is primarily driving the endpoint detection and response market. Besides this, the expanding integration of advanced behavioral analysis and Machine Learning (ML) to improve the process of identifying malware and suspicious files for eliminating data loss is acting as another significant growth-inducing factor.

Furthermore, the increasing volumes of healthcare data, owing to the growing digitization of the healthcare sector, are also positively influencing the market growth. Additionally, the inflating adoption of cloud-based operations, the emerging trend of Bring Your Own Devices (BYOD) among organizations, and the launch of several policies by the government bodies aimed at providing innovative cyber security solutions are expected to propel the endpoint detection and response market in the coming years.

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Report Segmentation:

The report has segmented the market on the basis of region, component, solution type, deployment mode, organization size and end use industry.

Breakup by Component:
• Solutions
• Services

Breakup by Solution Type:
• Workstations
• Mobile Devices
• Servers
• Point of Sale Terminals

Breakup by Deployment Mode:
• On-premises
• Cloud-based

Breakup by Organization Size:
• Large Enterprises
• Small and Medium-sized Enterprises

Breakup by End Use Industry:
• BFSI
• IT and Telecom
• Manufacturing
• Healthcare
• Retail
• Others

Breakup by Region:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa

List of Major Key Players:
• CrowdStrike Inc.
• Cybereason
• HelpSystems LLC
• Microsoft Corporation
• OpenText Corporation
• Palo Alto Networks Inc.
• Broadcom Inc.
• Cisco Systems Inc.
• RSA Security LLC
• SentinelOne
• Sophos Ltd.
• Trend Micro Incorporated.

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This release was published on openPR.