Endpoint Detection and Response (EDR) Market -Global Industry Analysis, Growth, Trends, Forecast 2024

Endpoints are devices such as smartphones, laptops, PCs and tablets which are used to access the enterprise infrastructure and services. Endpoint detection and response (EDR) solution defines to the solutions which focus on detecting, investigating and mitigating suspicious activities on hosts and endpoints. EDR was previously referred as endpoint threat detection and response (ETDR). These solutions log events pertaining to endpoints and related network activities and store this information into a centralized database for detection, analysis, reporting and alerting the endpoint device user. Different analytical tools are used to identify the tasks that can improve endpoint security to challenge common attacks, identify ongoing attacks and provide quick response to detected attacks. EDR tools offer an interactive dashboard which includes search functionality, threat alert generation and responses based on specific threat indicators, patterns and behaviors.

The EDR systems offer proactive continuous monitoring and recording of all activities on endpoints and servers. Thereby, EDR tools reduce the IT costs, processing complexity, time consumed for internal investigations and helps in responding to regulatory authorities for any cybercrime incident. EDR tools can be integrated easily with traditional signature based antivirus solutions, thus could be easily deployed by organizations. Installation of EDR tools also supports and restricts data breach through malwares and viruses. This supports the growth of EDR market across the world. With the support of EDR solutions, the corporate IT department could enhance their focus on their core business operations rather than giving attention on emerging trends in cybercrime. The growing failure of signature based antivirus systems in protecting the endpoint devices from unknown malware has also created demand for EDR tools among enterprises. Further, growth in Internet of Things (IoT) is expected to create ample opportunities for EDR market. However, lack of awareness in SMEs about the emerging EDR technology is anticipated to curb the growth EDR market.

The EDR market is broadly segmented on the basis of deployment type, organization size, industry vertical and geography. On the basis of deployment type, global EDR market is segmented into on premise, managed services or hybrid deployment. On the basis of organization size, global EDR market is classified into small & medium sized enterprises (SMEs) and large enterprises. Furthermore, the major industry verticals that are benefitted by EDR solutions include BFSI, legal, government, healthcare, energy, manufacturing, media & telecommunication and others. Moreover, in terms of geographies, the global EDR market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa (MEA) and Latin America region. North America and Europe lead in deployment of EDR solutions due to presence of compliances pertaining to data security and prevention in the region. These compliances have made it mandatory to protect the information of the employees and customers. Asia Pacific is expected to grow at a significant rate in global EDR market attributed majorly due to significant growth of IT sector in the region. The growing trend of BYOD in the region also supports the growth of EDR market.

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The major participants in the EDR market include companies such as Cybereason Inc., Cisco Systems Inc., Digital Guardian Inc., Symantec Corporation, Fidelis Cybersecurity, EMC Corporation, CrowdStrike Inc., Bromium Inc., Trend Micro Inc., Guidance Software, Inc., Intel Corporation and Tripwire Inc.

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