Endpoint Detection and Response Software Market Competitive Strategies And Forecasts To 2030
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The global Endpoint Detection and Response Software market is forecast to reach USD 14.90 Billion by 2030, according to a new report by Reports and Data. Endpoint Detection and Response Software (EDR) is a technology that addresses the need for response to advanced threats and continuous monitoring. It is a subset of endpoint technology and also a critical piece of an optimal security posture.
The primary focus of the EDR is not to automatically stop threats in the pre-execution phase on an endpoint but on providing the right endpoint visibility. The rise in EDR adoption is driving the increase in the number of endpoints attached to networks. Another driving factor is the increased sophistication of cyberattacks, which often focus on endpoints as easier targets for infiltrating a network. EDR is an emerging technology that caters to the demand for continuous monitoring and response to advanced threats. It could even be said that Endpoint Detection and Response Software is a form of advanced threat protection.
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Further key findings from the report suggest
Software held a market share of 34.3% in the year 2019. Companies require Endpoint Detection and Response Software software to protect their IT systems from any kind of breach and safeguard the data on employees' laptops and PCs.
The workstation segment is expected to grow owing to the rise in the security breaches that target workstations in the organizations, where hackers try to derive sensitive data. With the rise in the vulnerabilities, the demand for the market is expected to rise. It held a market share of 31.5% in the year 2019.
Large enterprise held a market share of 80.6% in the year 2019. These enterprises are at a greater risk with their sensitive data on their large number of employees' workstations. Moreover, the rising trend of BYOD among them are increasing the threat of such attacks. Hence, these organizations make sure to protect itself from such breaches.
Hosted EDR services enable system-based security agencies to investigate the cloud if a user accesses any suspicious URL and response accordingly. Hosted deployment mode is forecasted to grow with a CAGR of 22.5% during the forecast period.
BFSI is forecasted to grow with the highest CAGR of 23.7% during the forecast period. The institution is adopting the market solution rapidly to protect their employees’ and customers' assets and information. The increase in smart banking has increased these risks and propelled the rate of adoption of the market in the sector.
North America led the market for Endpoint Detection and Response Software Market, owing to the high level of investments in research and development to improve the existing technique. The U.S. contributed a significant share for the growth of the market.
Top 10 Companies Operating in the Global Endpoint Detection and Response Software Market:
Cisco Systems, Inc., Fireeye, Inc., Carbon Black, Inc., Crowdstrike, Inc., Digital Guardian, Intel Security-McAfee, RSA Security LLC, Tripwire, Inc., Symantec Corporation, and Cyberbit, among others.
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The global market is further segmented into type and application:
Component Outlook (Revenue, USD Billion; 2019-2030)
Enforcement Point Outlook (Revenue, USD Billion; 2019-2030)
Point of Sale Terminals
Organization Size Outlook (Revenue, USD Billion; 2019-2030)
Small and Medium Enterprises (SMEs)
Deployment Mode Outlook (Revenue, USD Billion; 2019-2030)
Industry Verticals Outlook (Revenue, USD Billion; 2019-2030)
Banking, Financial Services, and Insurance (BFSI)
Healthcare and Life Sciences
Retail and E-Commerce
Travel and Hospitality
IT and Telecommunication
Regional analysis provides insights into key trends and demands in each major country that can affect market growth in the region.
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Rest of APAC)
Latin America (Brazil, Rest of LATAM)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Takeaways of the Competitive Overview Section:
Overview of the company profiles of each market player
Industrial chain analysis of each player
Revenue share contribution
Sales network and distribution channels and net profits and losses of each company
Key business growth strategies are undertaken by these players
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