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Global Endpoint Detection and Response (EDR) Systems Market Size, Share, Development, Growth and Demand Forecast to 2023

05-25-2017 01:10 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: P&S Market Research

Global Endpoint Detection and Response (EDR) Systems Market

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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Endpoint detection and response utilizes lightweight sensors so that the newly deployed EDR does not collide with the master technologies of the past. The EDR solution equips the information systems with incident data search and investigation, suspicious activity detection, threat hunting or data exploration, stopping malicious activity, alert triage or suspicious activity validation capabilities. The workstations enforcement point segment of EDR system market is estimated to account for the largest market share, owing to the rising demand of more suitable information security solutions from organizations. On the back of rising demand for information security solutions, EDR systems market is expected to register huge growth during the forecast period.

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.

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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.

About P&S Market Research

P&S Market Research is a market research company, which offers market research and consulting services for various geographies around the globe. We provide market research reports, industry forecasting reports, business intelligence, and research based consulting services across different industry/business verticals.

As one of the top growing market research agency, we’re keen upon providing market landscape and accurate forecasting. Our analysts and consultants are proficient with business intelligence and market analysis, through their interaction with leading companies of the concerned domain. We help our clients with B2B market research and assist them in identifying various windows of opportunity, and framing informed and customized business expansion strategies in different regions.

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