Endpoint Detection and Response Market Growth to $18.3 billion by 2031 at 25.3% CAGR

As per the report, the global endpoint detection and response industry accounted for $1.9 billion in 2021, and is expected to reach $18.3 billion by 2031, growing at a CAGR of 25.3% from 2022 to 2031.

Increase in use of cloud-based endpoint detection and response for safety and security reasons and penetration of cloud-based technologies have boosted the growth of the global endpoint detection and response market. Moreover, governments have focused on increasing investment in IT operations for various industries, which allows businesses to adopt new solutions and services streamline their business operations. This will open new opportunities in the future.

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COVID-19 scenario:

1. The Covid-19 pandemic triggered social stress and led to economic disruption across the world. However, it positively affected the adoption of endpoint detection and response.

2. Moreover, companies are focused on advanced technologies such as AI-powered solutions, computing technology, automation, and cloud-based EDR across various industries such as healthcare, BFSI, and government.

By component, the solution segment held the largest share in 2021, accounting for more than two-thirds of the global endpoint detection and response market, as they offer benefits such as improving detection and response to cyber incidents. However, the services segment is expected to register the highest CAGR of 26.4% during the forecast period, owing to creased business competition, legislation, user needs, and project risks.

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Based on organization size, the large enterprises dominated the overall Endpoint detection and response industry in 2021 and is expected to continue this trend during the forecast period. In large organization, there is an increase in adoption of endpoint detection and response, owing to rise in complexity, cyber risks, threats in business processes and the need of easy process, which leads to high competition across industries. Furthermore, large enterprises are integrating their large volume of data in the cloud to augment their speed, accuracy, and value chain scalability, which is opportunistic for the market growth.

However, the SMEs is expected to witness the highest Endpoint detection and response market growth in the upcoming year. Owing to increase in number of SMEs in developing economies in Asia-Pacific including China, Japan, and India. Adoption of endpoint detection and response is expected to increase to optimize business capabilities of small & medium sized enterprises. Moreover, continuous rise in number of government initiatives through various digital SME campaigns throughout the world fuels growth of the market.

Depending on industry vertical, the IT & telecom sector dominated the Endpoint Detection and Response Market Share in 2021 and is expected to continue this trend during the forecast period. This industry is witnessing a rapid growth, owing to increasing use of mobile devices among individuals. This provides numerous opportunities to the industry. In addition, business process moves toward digitization and technology initiatives motivated by the global pandemic, the need for business agility, which provides lucrative growth opportunities for the endpoint detection and response market in this vertical.

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However, retail sector is expected to witness the highest growth in the upcoming year. The EDR solution provide the flexible and secure workplace and protect from any malware function in retail sector. Due to such reason, cloud-based endpoint detection and response are getting more popularity in this sector, which provide the lucrative growth opportunities for the market.

By industry vertical, the retail segment is expected to register the highest CAGR of 31.7% during the forecast period, due to increasing use of mobile devices among individuals. However, the retail segment is expected to hold the largest share in 2021, contributing to more than one-fifth of the global endpoint detection and response market, as EDR solutions offer flexibility and security in workplace from malware functions in real estate.

By region, the global endpoint detection and response industry across North America dominated the market in 2021, holding more than two-fifths of the market, due to increased use of endpoint detection and response in forensic, government, and banking & finance for security purposes to improve businesses and customer experience. However, the market across Asia-Pacific is expected to register the highest CAGR of 28.4% during the forecast period, owing to presence of robust IT infrastructure and solid software and services.

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Major market players

Carbon Black Inc.
Cisco Systems, Inc.
Crowdstrike Inc.
Intel Corporation
McAfee, LLC
Microsoft Corporation
Palo Alto Networks, Inc.
RSA Security LLC.
Symantec Corporation
Trend Micro Incorporated

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