Endpoint Detection and Response (EDR) Market to Surpass USD 16.90 Billion by 2030, Driven by Remote Workforce Security

Endpoint Detection and Response (EDR) Market Scope and Overview:

Empowering Secure Remote Work Environments, concerns about data security driving the demand for Fuels Endpoint Detection and Response (EDR) Market
According to the SNS Insider report, the Endpoint Detection and Response (EDR) Market was valued at USD 2.84 billion in 2022 and is projected to reach USD 16.90 billion by 2030, with an estimated CAGR of 24.98% from 2023 to 2030.

Market Report Scope:

Endpoint Detection and Response (EDR) systems integrate real-time endpoint data monitoring, automated response capabilities, and analysis, serving as robust security systems. These systems promptly identify threats, enabling immediate breach prevention. Moreover, they aid in forensic analysis, supporting investigations while offering substantial growth prospects for the industry.

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Key Players:

The major players are Symantec Corporation, Microsoft Corporation, VMware Carbon Black, McAfee, LLC, FireEye, Trend Micro Incorporated, Palo Alto Networks, Intel Corporation, Crowdstrike Inc., Cisco Systems, Inc., Carbon Black Inc., RSA Security LLC., Broadcom, Inc., and others in the final report.

Market Analysis:

The rising trend of remote work, accelerated by the COVID-19 pandemic, fuels the Endpoint Detection and Response (EDR) market. This surge in remote work brings forth heightened concerns regarding data security, driving the adoption of EDR solutions. These systems play a pivotal role in mitigating the risks associated with data breaches and cyber threats, offering real-time behavioural analysis, historical visibility, and compliance adherence. Moreover, regulatory requirements amplify the need for robust security measures, further propelling the demand for EDR solutions across various industries. The EDR market's trajectory is shaped by its ability to ensure secure remote work environments, compliance adherence, and real-time threat detection capabilities.

Segment Analysis:

- Solution: The software segment dominates due to its comprehensive security features, aiding compliance with regulatory standards and offering enhanced real-time security.
- Deployment: Cloud-based solutions lead in accessibility and cost-effectiveness, while on-premise solutions assure higher security, compliance, and data privacy.
- Endpoint Device: Network devices & servers segment dominates due to their vulnerability to cyber threats, whereas POS devices witness accelerated growth.
- Enterprise Size: Large enterprises are at the forefront of EDR adoption, benefiting from increased productivity and stringent security measures.
- Vertical: The BFSI sector holds the largest share, leveraging EDR for safeguarding sensitive data and maintaining robust security measures.

Market Segmentation and Sub-Segmentation Included Are:

By Solution:
• Software
• Service

By Deployment:
• Cloud
• On-premise

By Endpoint Device:
• Network Devices & Servers
• Mobile Devices
• Point Of Sale (POS) Devices
• Others

By Enterprise Size:
• Small & Medium-sized Enterprises
• Large Enterprises

By Vertical:
• Banking, Financial Services, and Insurance (BFSI)
• Healthcare & Life Sciences
• Government & Defense
• Retail & E-commerce
• IT & Telecom
• Energy & Utilities
• Manufacturing
• Others

Key Regional Development:

North America spearheads the market due to high device adoption and major EDR vendor presence, especially in the U.S. Meanwhile, the Asia Pacific region anticipates rapid growth owing to BYOD trends and increasing cybersecurity initiatives.

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Key Takeaways:

• Remote work adoption intensifies demand for EDR solutions.
• EDR software offers multifaceted security benefits, aiding compliance and real-time threat detection.
• Large enterprises and BFSI vertical drive significant market growth.

Recent Developments:

• October 2022: SyncDog, Inc. partnered with 3Eye Technologies to bolster mobility and cloud strategies.
• July 2022: Raytheon Intelligence & Space collaborated with CrowdStrike to enhance endpoint security technologies.
• May 2021: Crowdstrike Holdings Inc. introduced partner applications in the CrowdStrike Store for EU Cloud.
• June 2021: Broadcom Inc. launched Adaptive Protection, enhancing Symantec Endpoint Security solutions.

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Table of Contents:

1. Introduction
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1. COVID-19 Impact Analysis
4.2. Impact of Ukraine- Russia war
4.3. Impact of Ongoing Recession on Major Economies
5. Value Chain Analysis
6. Porter's 5 Forces Model
7. PEST Analysis
8. Endpoint Detection and Response (EDR) Market Segmentation, By Solution
9. Endpoint Detection and Response (EDR) Market Segmentation, By Deployment
10. Endpoint Detection and Response (EDR) Market Segmentation, By Endpoint Device
11. Endpoint Detection and Response (EDR) Market Segmentation, By Enterprise Size
12. Endpoint Detection and Response (EDR) Market Segmentation, By Vertical
13. Regional Analysis
14. Company Profile
15. Competitive Landscape
16. USE Cases and Best Practices
17. Conclusion

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