According to the latest report by IMARC Group, title “Endpoint Detection And Response Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, the global endpoint detection and response (edr) 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.
Endpoint Detection And Response Industry Outlook:
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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Market Trends:
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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Key Market Segmentation:
The report has been segmented the market into following categories:
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 Geography:
- 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 Key Companies Covered in this Market Report:
The major players in the market are Broadcom Inc., Cisco Systems Inc., CrowdStrike Inc., Cybereason, HelpSystems LLC, Microsoft Corporation, OpenText Corporation, Palo Alto Networks Inc., RSA Security LLC, SentinelOne, Sophos Ltd. and Trend Micro Incorporated.
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About IMARC Group:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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