Source: Secondary Research, Primary Research, MRFR Database, and Analyst ReviewThe introduction of pandemics and the rise in popularity of remote work among different businesses compelled them to implement the work-from-home method, which significantly reduces the risk of widespread viral transmission. Owing to the potential of malware assaults and data breaches, which tightened their hold due to the remote work mechanism, many businesses also have many workers working from home. Endpoint detection and response (EDR) solutions are being used by many businesses to address these issues, which ultimately helps to improve the possibilities for development.
The market segmentation, based on Enforcement Point, includes Workstations, Mobile devices, Servers, and Point of sale terminals. The Point of sale terminals segment will dominate the market. Point of sale (POS) terminals are indeed one of the key segments in the Endpoint Detection and Response (EDR) market. This is due to the growing number of cyber attacks targeting these devices, which are used to process financial transactions and handle sensitive customer information. With the increasing use of electronic payments and the growing need to secure these transactions, the demand for EDR solutions for POS terminals is expected to grow significantly.
Based on Vertical, the market segmentation includes Retail, Healthcare, Manufacturing, Government and Public Sector, BFSI, IT and Telecom, and Others. The Retail segment is anticipated to dominate the market over the forecast period. Retail companies have a large number of endpoints, such as point-of-sale (POS) terminals, laptops, and smartphones, that are used by employees to process transactions, access customer data and manage inventory.
Figure 2: Endpoint Detection and Response Market, by Enforcement Point, 2022 & 2030 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. In terms of market solutions for endpoint detection and response, North America would be the dominant region. The two most significant countries in this region are the United States and Canada. The underlying reason behind this is that more money is being spent on research and development to advance the technology that is currently in use. Also anticipated is strong growth in Europe throughout the forecast period. Germany, France, and the United Kingdom are a few of the major countries in the region. The market is expanding, and it is projected that this trend will continue throughout the forecast period thanks to the large number of companies conducting research projects as well as the growing usage of data privacy and security.
Figure 3: ENDPOINT DETECTION AND RESPONSE MARKET SHARE BY REGION 2022 (%)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
The major market players are investing a lot of money in R&D to expand their product lines, which will spur further market growth. With significant market development such as new product releases, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations, market participants are also undertaking various strategic activities to expand their presence. To grow and thrive in a market climate that is becoming more competitive and growing, competitors in the Endpoint Detection and Response industry must offer affordable products.
Manufacturing locally to cut operating costs is one of the main business tactics manufacturers use in the Endpoint Detection and Response industry to benefit customers and expand the market sector. Major market players, including Cisco Systems Inc, General Electric, Schneider Electric, and ITRON Inc, are attempting to increase market demand by funding R&D initiatives.
Cisco Systems develops and markets a variety of technologies for networking, security, teamwork, apps, and the cloud. It provides products for wireless, data centers, switching, routing, cloud, and email security, identity and access management, threat prevention, and unified threat management, cloud and system management.
A provider of endpoint security products is CrowdStrike. CrowdStrike Falcon, a cloud-native endpoint protection platform that integrates antivirus, threat intelligence, endpoint detection and response (EDR), device control, threat hunting, IT hygiene products, incident response, and proactive services, is one of the products it provides. The business also provides stand-alone modules, such as a malware search engine and a malware analysis tool, as well as additional Falcon modules for controlling system vulnerabilities and mobile endpoint detection and response. The business provides services to the public sector, retail, healthcare, and financial sectors.
October 2023 IBM used artificial intelligence to unveil a new managed detection and response service. The tech giant was among the first companies to release AI-powered security products when it announced the QRadar Suite in April. IBM Threat Detection and Response (TDR) Services is the business’s most recent attempt at adding capabilities to its portfolio. According to a press release for the service, IBM uses AI “to continuously assess and auto-recommend the most effective detection rules — helping to improve alert quality and speed response times.” The vendor said that this feature “helped reduce low-value SIEM alerts by 45% and auto escalate 79% more high-value alerts that required immediate attention,” but did not specify over what period of time.
October 2023 Okta Inc. (NASDAQ: OKTA), the independent Identity partner leader, announced Identity Threat Protection with Okta AI (Identity Threat Protection) - A new product for Okta Workforce Identity Cloud delivering real-time detection and response for identity-based threats. Built using Okta AI and powered through insights drawn out of an organization's security stack, Identity Threat Protection goes beyond initial authentication security to any time a user is logged in. This allows admins and security teams to continuously assess user risk throughout active sessions and automatically respond to identity threats across their entire ecosystem. A rapid increase in the number of cyber security tools being adopted by organizations against evolving threats forces administrators & security teams to sift through overwhelming granular security data points for effective policy-making as well detection & response capabilities against critical threats.
July 2023 SEQRITE launched version 8.2 of their flagship product, End Point Security (EPS). It is a state-of-the-art endpoint protection system powered by Endpoint threat-hunting technology that ensures organizations are guarded against ever-evolving cyber threats. EPS v8.2 has been designed with several advanced features such as Application Control Safelist, Automated IoC search, Real-time IoC blocking, Rapid query to Endpoints, as well as Google & YouTube Access Control, which sets new standards for securing endpoints against known vulnerabilities or zero-day attacks. In addition to this comprehensive approach towards safeguarding all network assets regardless of their location or type (physical/virtual), SEQRITE also integrated elements from Zero Trust Methodology into their latest offering so that enterprises can have full visibility into each application environment along with granular control over what happens within them.
October 2022 SyncDog, Inc. formed a partnership with 3Eye Technologies to develop a smarter, more complex solution for its mobility and cloud strategy to meet sales targets. SyncDog's Secure Systems Workspace offers enterprises and government agencies a more secure and scalable solution for tackling all of the problems associated with allowing employees on mobile devices.
July 2022 Raytheon Intelligence & Space, a Raytheon Capabilities company, collaborated with CrowdStrike to integrate CrowdStrike's complementary endpoint security technologies into RI&S' managed detection and response (MDR) service.
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 3.72 Billion |
| Market Size 2023 | USD 5.54 Billion |
| Market Size 2030 | USD 18.30 Billion |
| Compound Annual Growth Rate (CAGR) | 22.03% (2023-2030) |
| Base Year | 2022 |
| Market Forecast Period | 2023-2030 |
| Historical Data | 2018 & 2022 |
| Market Forecast Units | Value (USD Million) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Enforcement Point, Vertical, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and Rest of the World |
| Countries Covered | The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Carbon Black Inc, Cisco Systems Inc, CrowdStrike Inc, Intel Corporation, McAfee, Microsoft Corporation, Palo Alto Networks Inc, RSA Security, Symantec Corporation, SyncDog, Inc |
| Key Market Opportunities | Rise in demand for the advanced endpoint especially with the increase in the number of mobile threats |
| Key Market Dynamics | The increased adoption of data security measures associated with a large number of companies involved in research projects |
Endpoint Detection Response Market Highlights:
Frequently Asked Questions (FAQ) :
The Endpoint Detection and Response market size was valued at USD 3.72 Billion in 2022.
The market is projected to grow at a CAGR of 22.03% during the forecast period, 2023-2030.
North America had the largest share of the Endpoint Detection and Response market.
The key players in the market are Carbon Black Inc, Cisco Systems Inc, CrowdStrike Inc, Intel Corporation, McAfee, Microsoft Corporation, Palo Alto Networks Inc, RSA Security, Symantec Corporation, and SyncDog Inc.
The Point of sale terminals category dominated the market in 2022.
Retail had the largest share in the market for Endpoint Detection and Response.
Research Analyst Level II With a technical background in information technology & semiconductors, shubham has 4.5+ years of experience in market research and analytics with the tasks of data mining, analysis, and project execution. he is the poc for our clients, for their consulting projects running under the ict/semiconductor domain. shubham holds a bachelor’s in information and technology and a master of business administration (mba). shubham has executed over 150 research projects for our clients under the brand name market research future in the last 2 years. his core skill is building the research respondent relation for gathering the primary information from industry and market estimation for niche markets. he is having expertise in conducting secondary & primary research, market estimations, market projections, competitive analysis, analysing current market trends and market dynamics, deep-dive analysis on market scenarios, consumer behaviour, technological impact analysis, consulting, analytics, etc. he has worked on fortune 500 companies' syndicate and consulting projects along with several government projects. he has worked on the projects of top tech brands such as ibm, google, microsoft, aws, meta, oracle, cisco systems, samsung, accenture, vmware, schneider electric, dell, hp, ericsson, and so many others. he has worked on metaverse, web 3.0, zero-trust security, cyber-security, blockchain, quantum computing, robotics, 5g technology, high-performance computing, data centers, ai, automation, it equipment, sensors, semiconductors, consumer electronics and so many tech domain projects.
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